All Forum Posts by: Michael Hayes

BP family what's going on? I have a question on how to structure a deal. I received a call from a motivated seller who is looking to just "let her house go". ARV of the house is $55k, but she has a home equity line of credit of $61k making payments right at $200 a month. No mortgage. I visited the house today and it is in A1 shape. I could literally move a tenant in as soon as I takeover with no repairs needed. The house would rent for $700/mo leaving me with very nice cash flow. Not interested in flipping and want to hold long term, so not worried about the balance.

How exactly is this deal structured though? Would it be different taking over a HELOC as opposed to taking over payments on a mortgage? If the title transfers to my company, but we leave the HELOC in her name and just make the payments, is there a way to make sure she can no longer use the line to make purchases etc.? Never structured one of these before, so looking for as much info as possible from someone who may be experienced. She is sending her HELOC information to my sister/agents email to take a look at the details on Monday. If everything checks out, I would be looking to take over ASAP.

Kind of strange to see the person whose website I'm on like everyday is a real person!  You kind of get use to seeing the same, non-moving picture all the time.  I'll have to check that out.  Just picked up a couple of landbank properties and looking for more!

Hayes Investment Deals LLC and Memphis, TN Cash Buy are looking to partner with wholesalers (new and old) and property hunters for our Memphis, TN cash buyers. We have buyers who are acquiring several properties a month and who need to fill inventories.

We have a high market demand for 3 bedroom, 1 bathroom, 1000 sf minimum houses. 38118, 38116, 38125, 38111, 38127 (very high demand), 38128, 38141, 38109, 38016, 38018, 38002, and similar popular flip and rental areas. We are not interested in war-zones.

Properties priced at market value will not be considered. Please price in 25% to 30% equity and room for a reasonable rehab amount.

We have a 50/50 JV structure for properties that are under contract. Please make sure that you are direct to buyer. We will reject any daisy chain and MLS deals.

For properties not under contract, send the deal and we will work it for you with a minimum $500 referral fee. We will need property address, owner's contact information if available, and any current pictures and rehab amounts if available.

Please refer to http://hayesinvestmentdeals.com/investmentproperties.html for a sample of deals and areas that we would be interested in.

For more information contact Michael.

901-264-0018

[email protected]

www.memphistncashbuy.com

(We love working with new wholesalers. Not sure about a deal? I will analyze it for you.)

Recent $15,000 JV split deal. Sold in less than 24 hours. Let's network!

Hayes Investment Deals LLC and Memphis, TN Cash Buy are looking to partner with wholesalers (new and old) and property hunters for our Memphis, TN cash buyers. We have buyers who are acquiring several properties a month and who need to fill inventories.

We have a high market demand for 3 bedroom, 1 bathroom, 1000 sf minimum houses. 38118, 38116, 38125, 38111, 38127 (very high demand), 38128, 38141, 38109, 38016, 38018, 38002, and similar popular flip and rental areas. We are not interested in war-zones.

Properties priced at market value will not be considered. Please price in 25% to 30% equity and room for a reasonable rehab amount.

We have a 50/50 JV structure for properties that are under contract. Please make sure that you are direct to buyer. We will reject any daisy chain and MLS deals.

For properties not under contract, send the deal and we will work it for you with a minimum $500 referral fee. We will need property address, owner's contact information if available, and any current pictures and rehab amounts if available.

Please refer to http://hayesinvestmentdeals.com/investmentproperties.html for a sample of deals and areas that we would be interested in.

For more information contact Michael.

901-264-0018

[email protected]

www.memphistncashbuy.com

(We love working with new wholesalers. Not sure about a deal? I will analyze it for you.)

Recent $15,000 JV split deal. Sold in less than 24 hours. Let's network!

3411 Dogwood Ln. Memphis, TN 38116
3 bedrooms, 2 bathroom, 2667 sf, 2 car garage
Asking Price: $79,000
https://drive.google.com/open?id=0B5rYyZACNxL0by1MUEJucWprZGM

Accepting offers now!
901-979-9723
[email protected]
www.HayesInvestmentDeals.com

Investor looking to sell a house? Lets connect!
http://www.MemphisTNCashBuy.com

Follow me on Youtube!

Hayes Investment Deals LLC and Memphis, TN Cash Buy are looking to partner with wholesalers (new and old) and property hunters for our Memphis, TN cash buyers. We have buyers who are acquiring several properties a month and who need to fill inventories.

We have a high market demand for 3 bedroom, 1 bathroom, 1000 sf minimum houses. 38118, 38116, 38125, 38111, 38127 (very high demand), 38128, 38141, 38109, 38016, 38018, 38002, and similar popular flip and rental areas. We are not interested in war-zones.

Properties priced at market value will not be considered. Please price in 25% to 30% equity and room for a reasonable rehab amount.

We have a 50/50 JV structure for properties that are under contract. Please make sure that you are direct to buyer. We will reject any daisy chain and MLS deals.

For properties not under contract, send the deal and we will work it for you with a minimum $500 referral fee. We will need property address, owner's contact information if available, and any current pictures and rehab amounts if available.

Please refer to http://hayesinvestmentdeals.com/investmentproperties.html for a sample of deals and areas that we would be interested in.

For more information contact Michael.

901-264-0018

[email protected]

www.memphistncashbuy.com

(We love working with new wholesalers. Not sure about a deal? I will analyze it for you.)

Recent $15,000 JV split deal. Sold in less than 24 hours. Let's network!

Hayes Investment Deals LLC and Memphis, TN Cash Buy are looking to partner with wholesalers (new and old) and property hunters for our Memphis, TN cash buyers. We have buyers who are acquiring several properties a month and who need to fill inventories.

We have a high market demand for 3 bedroom, 1 bathroom, 1000 sf minimum houses. 38118, 38116, 38125, 38111, 38127 (very high demand), 38128, 38141, 38109, 38016, 38018, 38002, and similar popular flip and rental areas. We are not interested in war-zones.

Properties priced at market value will not be considered. Please price in 25% to 30% equity and room for a reasonable rehab amount.

We have a 50/50 JV structure for properties that are under contract. Please make sure that you are direct to buyer. We will reject any daisy chain and MLS deals.

For properties not under contract, send the deal and we will work it for you with a minimum $500 referral fee. We will need property address, owner's contact information if available, and any current pictures and rehab amounts if available.

Please refer to http://hayesinvestmentdeals.com/investmentproperties.html for a sample of deals and areas that we would be interested in.

For more information contact Michael.

901-264-0018

[email protected]

www.memphistncashbuy.com

(We love working with new wholesalers. Not sure about a deal? I will analyze it for you.)

Recent $15,000 JV split deal. Sold in less than 24 hours. Let's network!

Buyer did not follow through on this purchase so available again!

8 Year tenant.  Son just moved into the property next door, so she does not plan to leave anytime soon.

Price lowered for a QUICK sell.  Make an offer.  Send me a qualified buyer and receive a $500 referral.

3657 Sharpe Ave. Memphis, TN 38111
2 bedrooms, 1 bathroom
Tenant of 8 years Currently Paying $550/mo
Asking Price: $22,500
Please do not disturb!
https://drive.google.com/drive/folders/0B5rYyZACNxL0R1EtUy1WaWliSlU

@Ben Roberts saw a couple of your posts. Let's network and cash out! Check my youtube page in a couple of days. I'll be featuring one of my JV partners who I'm closing a deal with this week for $4,500, and 2 others for $15,000. Let me know what you have! Teamwork is the name of the game.

3686 Masterson Cv. Memphis, TN 38109
4 bedrooms, 1.5 bathrooms, 1425sf
Rehab started but unfinished! All building supplies remain with property, including uninstalled AC units.
Will rent $850/mo minimum after rehab is complete
Asking: $27,500
https://drive.google.com/open?id=0B5rYyZACNxL0cHFHelNnWUl1M1k

https://www.youtube.com/watch?v=NmieBVxDXOI

http://hayesinvestmentdeals.com/investmentproperties.html