All Forum Posts by: Jordan Ray
Jordan Ray has started 31 posts and replied 469 times.
Post: 1st Rental in Memphis
- Real Estate Agent
- Memphis, TN
- Posts 496
- Votes 255
Quote from @Phil Petite:
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $54,000
Cash invested: $110,000
SFH in Memphis with Section 8 tenant in place!
What made you interested in investing in this type of deal?
It was my comeback deal in real estate
How did you finance this deal?
Cash
How did you add value to the deal?
We fully renovated the property
Lessons learned? Challenges?
It was my first time dealing with mold remediation, and it wasn't too bad at all! :)
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Tjuania Redmond - Agent
Marcus Walker - Contractor
Golden! Good job! I love seeing others succeed!
Post: Investing OOS in Mississippi/South Memphis Area
- Real Estate Agent
- Memphis, TN
- Posts 496
- Votes 255
Quote from @Monica Weesner:
I've noticed a few companies are building manufacturing type jobs in the MS/East TN area and I'm thinking of looking at this area for an OOS SF LTR unit. I'm curious to know if anyone has had any experiences in that area/market you are willing to share. Any agents or property managers/vendors you like in that area? Any advice as I look into that area with some new job growth is greatly appreciated!
Memphis is THE place known for transportation & logistics! I actually drove 18 wheelers for 4 years and worked in warehouses before that. North Mississippi is catching alot of growth as a result of expansion in Memphis. There is a bunch new warehouses opening up like Amazon facilities and others in Byhalia which is east of Olive Branch. Olive Branch is also getting alot of new warehousing in & around polk lane. There has been some warehouses being built in the Hernando area as well as entire communities of SFH. Memphis is the best place to invest (In my opinion) in the United States. (Probably biased) I am born and raised in Memphis and I LOVE it here and love investing here & transacting real estate as well. Let me know if I can help with anything!
Post: The very first question to ask a real estate agent
- Real Estate Agent
- Memphis, TN
- Posts 496
- Votes 255
Quote from @Douglas Skipworth:
Thanks, @Jordan Ray. Somebody's going to have their best year ever in 2024. It might as well be you!
Yes sir! and anyone else that wants to jump on this grind haha.. lets get it!
Post: The very first question to ask a real estate agent
- Real Estate Agent
- Memphis, TN
- Posts 496
- Votes 255
Quote from @Douglas Skipworth:
If your real estate agent doesn't answer yes to this question, then it's a hard pass in Memphis.
I watched this video yesterday. Good stuff, much respect to you & Dean. Looking forward to doing more deals with yall at CrestCore in 2024. I am working with tons of investors myself and plan on buying a few more properties this year as well.
Post: Any agents out here need help getting started?
- Real Estate Agent
- Memphis, TN
- Posts 496
- Votes 255
I am now looking for agents to help grow their business! Give me a shout! 🔥
Post: Renting a Subject To Property
- Real Estate Agent
- Memphis, TN
- Posts 496
- Votes 255
Quote from @Darren Gillespie:
Does anyone know if you can legally rent a subject to property? Specifically to HUD via the Housing Choice Voucher Program (AKA Section 8)
This shouldn't be an issue if you can show the deed of the property. If you made an agreement where the seller keeps the deed, you may want to show the section 8 program documentation that you own the property. I hope this helps!
Post: New Investor In Memphis Tennessee
- Real Estate Agent
- Memphis, TN
- Posts 496
- Votes 255
Quote from @Marie Prophete:
Hello, My name is Marie
I am a new investor seeking to eventually move to Memphis. I am always looking for tips and ideas about issues that investors run into.
I purchased my first investment property last month and the first problem I ran into, wasn't with the house but the seller!!
She misrepresented the lease for the tenant, and lied about the tenant moving out at the end of the month. Now, I am stuck with a tenant that cannot afford to live there and they have 2 kids under 6years old. What would you do? What does the law there allow?
Did you buy this property in Memphis? Did you use a realtor to purchase this "deal"? You should definitely seek legal attention to find out whats necessary to do from here because proper disclosures not being used are 99% of the reason why sellers find themselves in a lawsuit. This is also why its important to use a Realtor when you don't know where to start or what to do. Let me know if I can help with anything!
Post: 6 Real Estate Investing Strategies Anyone Can Use!
- Real Estate Agent
- Memphis, TN
- Posts 496
- Votes 255
In this video I will talk about 6 real estate investing strategies anyone can use!
Post: Best Memphis Neighborhood as of 2024 to invest
- Real Estate Agent
- Memphis, TN
- Posts 496
- Votes 255
Quote from @Orhi Tahi:
Quote from @Jordan Ray:
Quote from @Orhi Tahi:
Hi Memphis Fam,
What are your favorite area to invest as A/B neighborhood in Memphis ?
What are the areas to avoid ?
what are the areas you really think its a C but soon it will be B/B- ?
Can you also recommend some good streets that you invested and you are happy (Memphis is a street by street town so hope this can help me out even more) ?
Many thanks
orhi
This really comes down to what you value more as an investor, appreciation or cashflow? What you will find is that is some the "bad" neighborhoods you will have greater cashflow. You will also find that "good" neighborhoods have a better appreciation year over year. Let me know if I can help in any way! Goodluck!
Try 38117 or 38111
Post: Best Memphis Neighborhood as of 2024 to invest
- Real Estate Agent
- Memphis, TN
- Posts 496
- Votes 255
Quote from @Orhi Tahi:
Hi Memphis Fam,
What are your favorite area to invest as A/B neighborhood in Memphis ?
What are the areas to avoid ?
what are the areas you really think its a C but soon it will be B/B- ?
Can you also recommend some good streets that you invested and you are happy (Memphis is a street by street town so hope this can help me out even more) ?
Many thanks
orhi
This really comes down to what you value more as an investor, appreciation or cashflow? What you will find is that is some the "bad" neighborhoods you will have greater cashflow. You will also find that "good" neighborhoods have a better appreciation year over year. Let me know if I can help in any way! Goodluck!