All Forum Posts by: Jason Hopkins

I would suggest you continue to buy in Memphis if cash flow is what you are looking for.  Take it from someone who lives and invest in Memphis.  

@Jennifer Slaughter can you DM your lender information?

Hello,

Please let me know if you are interested in this deal.

Thanks

4743 Twelfth Dr. Memphis, TN. 38109

3 bedrooms 1 bath brick

1,074 sq ft

Built in 1951

Yearly taxes $808.08

Estimated repairs $10,500. HVAC, hot water tank, flooring, drywall repair, power wash outside of property, repair wood trim on outside of property, paint interior and exterior, clean yard, final clean, replace kitchen counter tops, change locks, hardware, inspect plumbing, gas, electrical and bring up to code, blinds, new sink, tub, vanity and toilet in bathroom,)

Cash asking price $7,500

Total Investment $17,500

ARV $40,000

Equity 56%

ROI 26.7% (based off rent at $650 per month)

Rent Rate For Area $650-$700

Click both links for detailed pictures

https://www.youtube.com/watch?v=7CSosEsNpUQ

https://drive.google.com/drive/folders/0B32N7BR1o7...

*Disclaimer and Terms*

This property is a off market wholesale deal that can be bought with cash only. I have the property under contract to purchase for cash and selling my position as the current buyer via a assignment agreement.

Start earning cash flow from day one. 100% occupied. Great for seasoned or new investors. Please do not disturb tenants, contact listing agent for further details.

283 N Bellevue Blvd. Memphis, TN. 38105

9 furnished bedrooms

2 full bathrooms and 2 half bathrooms

100% occupied

Cable TV and WIFI

Built in 1912

4244 sq ft

Lot Square Feet 8,973

Yearly taxes $5731.15

Roof is 1 yrs old

HVAC is in place

Renovated in 2016

Jason Hopkins

Affiliate Broker

4 Success Realty

5501 Winchester Rd #6

Memphis, TN. 38115

Hello,

Please let me know if you are interested in this deal.

Thanks

4743 Twelfth Dr. Memphis, TN. 38109

3 bedrooms 1 bath brick 

1,074 sq ft

Built in 1951

Yearly taxes $808.08

Estimated repairs $10,500. HVAC, hot water tank, flooring, drywall repair, power wash outside of property, repair wood trim on outside of property, paint interior and exterior, clean yard, final clean, replace kitchen counter tops, change locks, hardware, inspect plumbing, gas, electrical and bring up to code, blinds, new sink, tub, vanity and toilet in bathroom,)

Cash asking price $7,500

Total Investment $17,500

ARV $40,000

Equity 56%

ROI 26.7% (based off rent at $650 per month)

Rent Rate For Area $650-$700

Click both links for detailed pictures

https://www.youtube.com/watch?v=7CSosEsNpUQ

https://drive.google.com/drive/folders/0B32N7BR1o7...

*Disclaimer and Terms*

This property is a off market wholesale deal that can be bought with cash only. I have the property under contract to purchase for cash and selling my position as the current buyer via a assignment agreement.

Hello,

Please let me know if you are interested in this deal.

Thanks

2122 Pamela Dr. Memphis, TN. 38127

Property has clean title but was sold in 2014 via a tax sale.

3 bedrooms 1 bath brick SFR

950 sq ft

Built in 1960

Yearly taxes $497.28

Estimated repairs $17,500. New roof, HVAC, hot water tank, flooring, drywall, power wash outside of property, repair wood trim on outside of property, paint interior and exterior, doors, clean yard, windows, final clean,install kitchen cabinets, change locks, installation, hardware, inspect plumbing, gas, electrical and bring up to code, blinds, new sink, tub, vanity and toilet in bathroom, security doors) *full rehab

Cash asking price $7,000

Total Investment $25,000

ARV $45,000

Equity 46%

Rent Rate For Area $650

Click both links for detailed pictures

https://www.youtube.com/watch?v=fxTH00n6dxM&list=

https://drive.google.com/drive/folders/0B32N7BR1o7--R25DdzdGNV84WTQ?usp=sharing

*Disclaimer and Terms*

This property is a off market wholesale deal that can be bought with cash only. I have the property under contract to purchase for cash and selling my position as the current buyer via a assignment agreement.

Welcome to BP

Please see details below regarding this Off Market Duplex Deal in Memphis, TN.  Please let me know if you are interested.

-3226 Forest Brook Dr. Memphis, TN. 38118

-Each unit is rented for $625 per month

-Each unit is on a month to month lease, tenants have been there 5 months

-Built in 1970

-2,340 total sq feet

-Roof is in good condition

-HVAC for both units is 3 years old

-Water heaters for both units is 3 years old

-Microwave, stove, and fridge provided in each unit

-Yearly taxes $1,324.79

-Repairs $5,000 (cut grass, trim trees in front and back yard, remove broken trees branches in back yard, power wash outside of property, repair a few holes in drywall, secure a few vent covers, clean carpet, replace some blinds, interior wood trim repair, change locks)

-ARV $67,000

-Cash asking price $38,000

-ROI 23.4%

-Clink link to view detailed pictures

https://www.youtube.com/watch?v=xevVEXT9eNc&t=4s

-Comps

-3213 Forest Brook Dr. $78,000 (sale pending)

-3220 Ashwood $65,000 (sale pending)

-3402 Barbwood Dr $65,000 (sale pending)

-3446 Barbwood Dr $65,000 (sale pending)

*Based off $38K purchase price

*Disclaimer and Terms*

This property is a off market wholesale deal that can be bought with cash only. I have the property under contract to purchase for cash and selling my position as the current buyer via a assignment agreement.

Start earning cash flow from day one. 100% occupied. Great for seasoned or new investors. Please do not disturb tenants, contact listing agent for further details.

283 N Bellevue Blvd. Memphis, TN. 38105

9 furnished bedrooms

2 full bathrooms and 2 half bathrooms

100% occupied

Cable TV and WIFI

Built in 1912

4244 sq ft

Lot Square Feet 8,973

Yearly taxes $5731.15

Roof is 1 yrs old

HVAC is in place

Renovated in 2016

Jason Hopkins

Affiliate Broker

4 Success Realty

5501 Winchester Rd #6

Memphis, TN. 38115

Tried but always a no go.