All Forum Posts by: Mark Hart

@Wave Taylor @Chris Grenzig answered your question perfectly. It mainly comes down to how much time you have to spend on your investment. If you are extremely busy then go with TK, if you have free time then go added value route !

@Christine Kankowski Me too ! I can't wait!

8 Complete Turnkey properties for sale by Memphis Investment Properties

TOTAL RENT: $8,065/month

TOTAL PURCHASE PRICE: $897,799

*****Discounted price if you buy 5 + !!!!

The City of Memphis is planning to transform its Downtown and Medical District assets to complement a $9 billion investment by ALSAC/St. Jude Children's Research Hospital in the Pinch District.

During the executive session of the Memphis City Council today (Jan. 17), Paul Young, director of the City of Memphis Division of Housing and Community Development, presented the city's plans to fund a "new sense of arrival" over Tennessee's most traveled highway, I-40.

Ideas to liven up the scenery included additions to Mud Island, including zip lines soaring above water and fire features — yes, fire. Images of Parakeet Pete's Waterfront Zipline at Branson Landing in Branson, Missouri, were offered as an example.

The larger project is being touted as the "Bicentennial Gateway Project" by various stakeholders, including St. Jude, ALSAC, the Downtown Memphis Commission, the Medical District Collaborative, Memphis Convention & Visitors Bureau, the Economic Development Growth Engine for Memphis and Shelby County, and Uptown, among others.

The project is a culmination of investment and revitalization efforts taking place along the riverfront, including the up to $9 billion investment and expansion by St. Jude, the accompanying revitalization of the Pinch District, the renovation of the Memphis Cook Convention Center, the Fourth Bluff revitalization projectand the redevelopment of Mud Island.

Rick Shadyac, CEO of ALSAC, and Sarah Hall, ALSAC chief legal officer, attended the council session as a step toward applying for an expansion of the existing tax increment financing (TIF) district east to I-40 and bounded by Jackson Avenue and Poplar Avenue to include parts of the Medical District, and an amendment to add Mud Island and the riverfront to the Tourism Development Zone (TDZ), all to help fund the Bicentennial Gateway Project.

For details, check out the city's Bicentennial Gateway Project presentation.

City Council's potential next step would be to authorize Memphis Mayor Jim Strickland to submit an amended TDZ application to the state.

The application for TIF expansion will be considered by the Shelby County Community Redevelopment Agency board.

Memphis celebrates its bicentennial in 2019.

*****Click Here to view the original article!

Investor's, Click Here for the pro-forma and all additional information!!!

This property is currently under a turnkey renovation. The home’s roof will be patched, while the exterior will be pressure washed, and any rotten wood will be replaced and painted in Farrell-Calhoun’s “Urban Putty” and “Brilliant White.” The existing fence will be repaired, and mailbox painted. Professional landscaping will add curb appeal to the home. Inside, all sheetrock will be repaired and a coat of paint will be added to the walls in the same colors as the exterior. All flooring will be replaced with Allure Resilient vinyl plank flooring, or tile. The kitchen will receive new formica countertops in a dark granite look, and the cabinets will be painted. The bathrooms in the home will receive updates as well. All electrical and plumbing will be checked to ensure working order. Add a hardware package and deep clean and the home will be photo and rent ready. 

Click Here for the Pro-Forma and additional information!

@Greg Rollins Emailing you details now ! 

@Alex Craig Thanks for the advice!

Hi @Anita Ahuja welcome to the wonderful world of Real Estate Investing! If you would like to come to a education seminar and networking event please check out this website!

https://sites.google.com/jameswachob.com/sanfranse...

I'm sorry its so far away but I can guarantee that you'll meet some incredible Turnkey investors!

Duplex - Memphis - Turnkey!!!

Rent: $1,200

Price: $79,900

Cash on Cash Return: 24.97%

ROI: 42.65%

Cap Rate: 11.02%

This home is located in the Hickory Hill area of town. After pressure washing the home, all exterior wood will be checked for rot and replaced if any if found, then painted. The windows will be checked to ensure proper working order, and that glass is intact. A brand new iron post mailbox will be added, along with professional landscaping, and repair of the privacy fence will add to the home’s curb appeal. A new HVAC system will be added, along with cage. All exterior doors will be rekeyed as well on this property. Electrical and plumbing will be checked to ensure working order. The interior will receive a new coat of paint- “Urban Putty” on the main walls, and “Brilliant White” on trim. All hard surfaces will be added throughout, Resilient vinyl plank floors, tile, or refinished floors. In the kitchen, the cabinets will be painted, and new formica countertops in a modern color will be added. The bathrooms will be repaired and updated. After a hardware package and deep cleaning are added, the home will be photo and rent ready!

Click here for all the pictures and updated information! 

Thanks!