All Forum Posts by: Nida Kazmi

There are properties available on MLS too if you are going the " turnkey " route. There is enough posts on the form about the pros and cons of buying turnkey.

Find a realtor and check the desirable zipcodes. Maybe some listings might interest you.

Another resource is Memphis Investors Group. They have a Free zoom call every friday at 10am Memphis time. Zoom link details on their website.

Thank you, very helpful!

0 Votes

Memphis, Tennessee

Quote from @Rogelio M.:

Quote from @Nida Kazmi:

Quote from @Rogelio M.:

Midsouth Home Buyers BBB -

https://www.bbb.org/us/tn/memphis/profile/real-estate-servic...

MidSouth Home Buyers is NOT the same as Mid South Turnkey Homes which is run by Kenny Shaw

The difference is ABUNDANTLY clear through the thread.
You mentioned MidSouth Home Buyers in your original post .... I made the post for those that might be interested in MidSouth Home Buyers.

Charming.

0 Votes

Memphis, Tennessee

Quote from @Justin Buswell:

That said it is way oversold and there is a lot of dark side as well.

If I remember correctly, its double that now. Insane.

0 Votes

Quote from @Nicholas L.:

@Nida Kazmi

just curious, did you buy something or are you going to?

going to, There isn't much available through Mid South Turnkey Homes immediately except for undesirable zips.

0 Votes

Memphis, Tennessee

Quote from @Rogelio M.:

Midsouth Home Buyers BBB -

https://www.bbb.org/us/tn/memphis/profile/real-estate-servic...

MidSouth Home Buyers is NOT the same as Mid South Turnkey Homes which is run by Kenny Shaw

0 Votes

Memphis, Tennessee

Quote from @Alex Cables:

I was speaking to Ashley Smith from Mid South Turnkey Homes today. Very nice lady. They say that they focus on the BRRR method, they handle the rehab (usually 90 days) and manage the properties. They find homes in C to be neighborhoods and rent to section 8 renters. They don't charge a management fee as long as you buy a home from them every year. They charge 8% if you don't.
She made it very clear that they are not Mid South Home Buyers. And unlike MSHB they don't have a 6 month waiting list.

I am trying to look them up and I don't see any reviews on line and nothing with the BBB.
Anyone else have any luck finding info on them?

I had my lawyer look into them (as much as possible) and review their contracts. Suggest you do the same (even if they are two page documents). Jason Hartman and team referred me and is currently happy with them so I would say they're a safe bet. I also spoke to Kenny Shaw, who heads Mid South Turnkey Homes. He was very open and amenable to any changes I may propose to their contracts (pending their own counsel review).

I would NOT invest in the following TN zip codes: 38106, 38126 and 38114. A Lot of turnkeys are going to these undesirable spots and its highly possible you'll end up with more liability with turnover rehab requirements. @Douglas Skipworth and Dean Harris of Crestcore have a great podcast and a video outlining all the zip codes in TN as well. And for that matter, Dean puts out a great list of SFH, connect with them and you'll get the emails.

3 Votes

Memphis, Tennessee

Quote from @Jay Hinrichs:

Quote from @Nida Kazmi:

Quote from @Account Closed:

Quote from @Nida Kazmi:

Quote from @David Hori:

@Account Closed - I'll let you decide if paying out of my savings is better or worse than putting it on my credit card. Believe me, if I don't have tangible ($) value in the next 6 months from Pace and his program, you'll be the first to know and I'll update this. I do feel confident in the value he has delivered to-date and have line of sight on it creating monetary value. Stay tuned!

@Account Closed would you have updates now that its been 7 months, what's your experience of being in Pace's program?

You misunderstand. I would never join Pace Morby's group. His information is faulty, his approach is to "overleverage", "zero down" and in my opinion the information he leaves out is either lack of experience on his part or intentional deception, neither of which I am willing to be associated with.

He leaves out very important information, like what my buddy recently posted at

Using Subject To, to Get "Free" Properties - A Quick Guideline

https://www.biggerpockets.com/forums/311/topics/1188416-usin...

We teach even the downside of Subject To and how to avoid the pitfalls. You have to be an accredited investor to be trained by us. That means you have enough money to do these safely.

I’m sure he's an enthusiastic and nice guy, most of his ilk are. But that doesn't keep the regulators away. By contrast, we just teach “stick to good underwriting, using title reports and escrow and having sufficient capital to make sure the seller is cared for”. Very conservative approach that protects the seller.

There is a long thread that covers what I'm talking about at

Pace Morby Mentorship

https://www.biggerpockets.com/forums/79/topics/1001612-pace-...

p.s. I am accredited. I don't buy into most any program nowadays or Coaching and other bs. I would still value a mentor, who knows what they're doing. But most of these programs are the usual circle jerk.

Nida, as an accredited investor I have to think your smart enough to understand how this works with some simple reading on the subject.. Its really not that complicated for the buyer there is no voodoo to this process of acquiring a property.. The real risks are to the seller.. And if you are not in a position to refi quickly or cash out the loan then you too take on a risk.. thats it thats the whole enchilada when it comes to sub 2. Everything else is just trying to hide the fact you did the transaction from the lender. And folks that need to do that dont have the capacity to deal with a loan that has been called and a seller that is madder than a wet hornet if you goof up their credit.

Then the other major issue glossed over by everyone is there is a minute amount of sellers that will even entertain these transactions and most of the time your paying a premium for the asset. Unless you spend money trying to find off market deals.. Lots of time involved and educating the seller why to do this for you.. 95% of sellers if they ask their attorney for advice will be given advice do not do this.

So thats the reality from my point of view I made a business out of this for many years and my dad made a business out of this in the 70s through the 80s so lots of experience at it. Just understand that there are two sides to these transactions. And reality no matter who is teaching you.. The internet books Morby the sub 2 guys the market for this is quite thin.

U do not become an accredited Investor without having some good smarts. Congrats on that.

Thank you and right you are. I am completely self taught intentionally. I wanted to be absolutely sure I had complete agency and that I knew how to perform my own analysis over various situations. And I largely ask questions now (admittedly, posing as a novice) to keep up with the new BS. For example, whole life insurance has at least 5 different terms associated with it now. But it's still...whole life insurance. I had a friend arguing with me yesterday Pace's program has high value. So I dug in. It was a fun 30 seconds 😂

3 Votes

Quote from @Account Closed:

Quote from @Nida Kazmi:

Quote from @Account Closed:

Quote from @Nida Kazmi:

Quote from @David Hori:

@Account Closed would you have updates now that its been 7 months, what's your experience of being in Pace's program?

Using Subject To, to Get "Free" Properties - A Quick Guideline

There is a long thread that covers what I'm talking about at

Pace Morby Mentorship

https://www.biggerpockets.com/forums/79/topics/1001612-pace-...

@Nida Kazmi: My buddy @Mike Hern mentors people "one on one" and doesn't want to be mistaken for doing things like Pace Morby. It's not personal towards you. He's a great coach and plays "friendly". Full disclosure, he and I work together, so anything I say is biased and comes from 30 years of investing. :-)

It'll be ok lol. I didn't take anything personally.

0 Votes

Quote from @Account Closed:

Quote from @Nida Kazmi:

Quote from @David Hori:

@Account Closed would you have updates now that its been 7 months, what's your experience of being in Pace's program?

Using Subject To, to Get "Free" Properties - A Quick Guideline

There is a long thread that covers what I'm talking about at

Pace Morby Mentorship

https://www.biggerpockets.com/forums/79/topics/1001612-pace-...

1 Vote

@Account Closed

0 Votes

All Forum Posts by: Nida Kazmi

Nida Kazmi has started 1 posts and replied 25 times.

Post: Mid South Turnkey Homes. Should I invest with this Memphis turnkey?

Post: Mid South Turnkey Homes. Should I invest with this Memphis turnkey?

Post: Is Pace Morby a Scam?

Post: Mid South Turnkey Homes. Should I invest with this Memphis turnkey?

Post: Mid South Turnkey Homes. Should I invest with this Memphis turnkey?

Post: Mid South Turnkey Homes. Should I invest with this Memphis turnkey?

Post: Is Pace Morby a Scam?

Post: Is Pace Morby a Scam?

Post: Is Pace Morby a Scam?

Post: Is Pace Morby a Scam?