All Forum Posts by: Jordan Ray

@Michele Jones

inheriting a tenant is generally higher risk than placing your own unless you can confirm the current tenants would meet all of your requirements

you may find that the owners don't have records supporting screening, don't have a security deposit, and may or may not even have a lease

i would strongly recommend you go there in person and not rely on anyone else

there are lots of threads on BP saying "I wasn't told _________" - "the inspection didn't find ___________" - "the agent failed to ____________" - "the previous owner didn't _________________"

your other team members, like the agent, are there to support you, and should do a good job, but any purchase, and any tenant placement, is ultimately your responsibility

hope this helps

@Scott Preckwinkle Recently I've refinanced some textbook BRRRRs for folks in 39127, 38107, 38109, 38108, and 38111 but Memphis as a whole is of course one of the more popular BRRRR markets for sure.