All Forum Posts by: Kevin Lee

Hi there, we have a great real estate investment opportunity for your consideration. Property is Turnkey, returning cash flow on Day 1. We are asking $69,500 for it. Total out of pocket expense for conventional financing is right around $17,000.

The property is on a corner lot with whopping 10,000 sqft. 38128 zip code is Raleigh, a hot neighborhood for Memphis Rentals. It's currently rented to stable Section 8 tenant for $752/mo. Renter takes great care of the property.

Below are the the financials and property details. ACT SOON before it's gone. Referral is appreciated and we'd be happy to pay $500 referral fee or a Free Amazon Echo for referral:

Financials:
Purchase Price $69,500.00
20% Down Payment $13,900.00
Estimated Closing Cost
(4% of Purchase Price) $2,780.00
Estimated Out of Pocket Cost $16,680.00

Loan (80% LTV) $55,600.00
Rate 5.125%*
Principal and Interest $3,632.82
Est. Yearly Insurance $750.00
Current Yearly Taxes $1,337.00
Property Management (8%) $721.92
Total Expenses $6,622.22

Annual Rent $9,024.00 ($752 x 12)
Estimated Monthly Cash Flow $2,582.26
ROI 15.5%**
* Rate as of 12/5/2017
** Estimate and may vary

Property Details:
3 Beds/2 Baths, 1421 sqft, 1990 Build
Central Heat and Air

Interested? Please reply to this email or call my cellphone directly @ 412-608-2690.

Want to use your IRA or 401k to invest? Contact Sense Financial to learn about self-directed Checkbook IRA and Solo 401k: (949) 228-9394 / [email protected].  Be sure to mention that you were referred by Kevin Lee to receive special 10% discount on their services.

Need a Lender? Ask Us for our Preferred Lender. We can get you set up!

Kevin Lee
Acquisition Manager
Memphis InsightfulREI
Office: (901) 610-0177
Cell: (412) 608-2690

Email: [email protected]
Website: www.memphisinsightfulrei.com / www.insightfulreibuyhouses.com

FB: https://www.facebook.com/memphisinsightfulrei/
P.S. Do You Need To SELL YOUR HOME Quickly? We buy houses in ANY CONDITION! We pay CASH and you will not pay any commissions, agents, or fees. Save thousands in “junk fees” and work with a bona-fide buyer directly!

Get Cash Offer in 48 Hours! Click the link below ===> www.memphisinsightfulrei.com

Hi there, we have a great real estate investment opportunity for your consideration. Property is Turneky, returning cash flow on Day 1. We are asking $74,900 for it. Total out of pocket expense for conventional financing is right around $18,000.

The property is located in a Class B neighborhood. It's right by Nike Company Store, Allen Rd Park, and Memphis Policy Department (Super Safe!). Everything is new! It's rehabbed inside out. No maintenance or repair needed. It's currently rented to Section 8 tenant at $824/mo for 2 years. Owner takes great care of the property.

Below are the the financials and property details. ACT SOON before it's gone. We will provide first year Home Warranty for FREE. Referral is appreciated and we'd be happy to pay $500 referral fee or a Free Amazon Echo for referral:

Financials:
Purchase Price $74,900.00
20% Down Payment $14,980.00
Estimated Closing Cost
(4% of Purchase Price) $2,996.00
Estimated Out of Pocket Cost $17,976.00

Loan (80% LTV) $59,920.00
Rate 5.125%*
Principal and Interest $3,915.08
Est. Yearly Insurance $650.00
Current Year Taxes $897.00
Property Management (10%) $988.80
Total Expenses $6,450.88

Annual Rent $9,888.00 ($824 x 12)
Estimated Monthly Cash Flow $3,437.12
ROI 19.12%**
* Rate as of 8/16/2017
** Estimate and may vary

Property Details:
3 Beds/2 Baths, 1062 sqft, 1989 Build
Central Heat and Air


Interested?  Please email me for details @ [email protected]

I have a few Turnkey properties for sale in Memphis.  This is one of them.  You may check this following link for these properties for sale:  Memphis Investment Properties for Sale

Why Memphis?  Memphis is home to a growing number of nationally and internationally known corporations, including approximately 150 businesses from 22 countries. Memphis has nine firms in the Fortune1000 and is the home of six Fortune 500 companies (FedEx, AutoZone, International Paper, Dollar General).

Memphis also continues to grow as a medical and biomedical manufacturing and research center. Here's a small list of the medical centers, research hospitals and continued expansion turning Memphis into a major medical hub for the U.S.

Memphis is one of the ten best cities for Real Estate steals–US News & World Report with highest rent to price ratios in the U.S.  In 2008, during the largest real estate crash in U.S. history, Memphis only declined 3% (talk about stable!).  Vacancy rates are well below the national average, and the percentage of Memphians who rent eclipses the national average by almost 90%.

Since I am not on BP often, feel free to email me @ [email protected] regarding any of these properties you may have interest.  You may put "From BP Post Memphis Properties for Sale" so I know the context of the conversation.

Regards.

Kevin

I have a package of 12 Single Family and 6 Duplexes for Sale at a Discount! 1040 Delmar is the beginning of the block of properties on the the same street. All units have central heat and air.

Properties are located in booming midtown, near medical district with lots of potential. They are situated in a convenient location of grocery stores, church, freeway, and VA Medical Center.

Rent is $350/mo per door. Monthly rent is $8050! Minimal TLC needed. 95% occupied. Great cash-flowing cow.

Asking price is $400K (or $16.7k/door). Units one block up are selling $40K/door. Financing option available.

I have a package of 12 Single Family and 6 Duplexes for Sale at a Discount! 1040 Delmar is the beginning of the block of properties on the the same street. All units have central heat and air. 

Properties are located in booming midtown, near medical district with lots of potential. They are situated in a convenient location of grocery stores, church, freeway, and VA Medical Center.

Rent is $350/mo per door. Monthly rent is $8050! Minimal TLC needed. 95% occupied. Great cash-flowing cow.

Asking price is $400K (or $16.7k/door). Units one block up are selling $40K/door. Financing option available.

Email me at [email protected] for more details.

Same here.  Know the rough sketch.  Devil's in the details.

I've heard podcasts about Joe McCall and Scott Ulmer who are doing lease options big time.  Anyone has any experience working with them or taking their course?  How does it help?

What's your advice on getting it started?  With a guru?  Anyone open to partnering/mentoring on "lease option/purchase"?

Kevin

Hi there, I have a wholesale property that just came online. I believe this could work for you as a great investment property! Let me know if you or your cash buyers would like to make an offer. I hope we can keep in touch and do business together.

4475 Range Line Rd, Memphis, TN 38127
3 beds / 1 bath (Yup, it's 3 beds, Assessor's page has it wrong)
Asking price $14k or best offer
Meeds $3,000 less in repairs
Will rent for $550-$600 monthly
ARV is $30,000
ROI: 15%+
Pics: https://drive.google.com/open?id=0B-ROIAPakkwbc0Jf...
terms cash, close in 10 days or less

Ping me with your criteria (zip code, price range, type of properties, flip/rental, etc.) and I will go and find those properties for YOU!

Hi, I've been investing in Memphis, TN for a while. I'm seeking partners in acquiring SFR properties in Class A/B neighborhood (Bartlette, Millington, Midtown, Cordova, Germantown, etc). I have built a solid relationship with a professional property management company and established relationships with brokers and local lenders. The brokers have approached me with deals that are pocket listings in its truest meaning of the term (I get the first dip before they even get listed). The local lender I have sourced is a local Credit Union that offers good terms (better than what I found elsewhere) and does not have Fannie-Freddie restrictions (e.g., no 10+ financed properties, etc.).

Over the years, I have been acquiring rental properties that are cash flowing positive.  Factors that make my rental properties cash flow positive are 1) finding some sort of distress from sellers so we can get properties at a discount (unlike Turn Key properties that have a built-in margin that reduces the cash-on-cash return for end investors) 2) great terms from my local financing institution 3) great property mgmt company that keeps expenses in check.  

I am seeking partners who would like to grow their passive income by providing the needed cash infusion in acquiring more assets and growing their passive income.

Here is an example of one property I have under contract right now.  I'm seeking partners to provide the down (credit is a problem, no problem, I got that covered).  Here are the numbers (all very conservative).  Ping me and I will share more details:

Purchase Price: $80K
Down: 20%
Closing: 5%
Cash outlay: $20,000.00
Loan amount: $64,000.00
Interest rate: 4.25%
Yearly PI (5y with 25y amortization): $4,160.55
Insurance: $800.00
Property Tax: $1,695.00
Annual Income: $10,972.80
NOI (Income subtract expenses): $4,317.25
Cash-on-cash: 21.59%

Cheers.
Kevin

please ignore -- a test