All Forum Posts by: Rashard Alomari

Midsouth Homebuyers is a great operation! Quality homes. Managed in-house. And the price points are solid as well! Good luck!

Cleveland. Memphis. There are an abundance of quality deals out there that yield great cash flow! Good luck!

There are plenty out there! Reach out to turnkey providers and wholesalers; companies with actual discounted deals. There are too many to choose from! Good luck!

Definitely a rough spot and the rents are another reason to shy away. I’m one to invest In not so desirable areas to some, but even this is below what I’d dabble in. Next!

[email protected] I just bought a 35 package. I’d love to see what this one looks like.

37 units. All in 38127 of Memphis, Tn

Dan Heuschele I completely agree. My opinion and thought process was formed with his particular situation at hand. Why would he remain in negative cash flow when he could be Making hefty returns monthly? If you have the means to invest in California and are able to wait patiently for the appreciation, then by all means have at it and make a killing, but if you’re losing money monthly and have equity sitting there, why not put it to use in a market that can give you a respectable 12%/15%/20% from day one? With price points as low as $20k in decent areas, his $200k in equity could be making him $3,000 per month NET going off our 50% rule here...after all expenses. If you have the time, funds, and patience, hold out and let it grow where it’s at!

There is NO reason why anyone should be losing money with that much equity. There are plenty of amazing markets that will give you a significant return with a mere $200k. Memphis is one of them! I personally own a respectable amount of homes in Memphis and Detroit and feel the returns are SIGNIFICANTLY higher than the buy and hold opportunities anywhere in California! For the record, Memphis Invest is a great turn-key company!

Curt Davis I’ve had amazing success in these sub 30k properties. You’re right, a lot of out of state Investors salivate over the numbers, but often times have bad success Bc they’ve invested with the wrong provider. That’s just my opinion. I made the transition into selling these properties to foreign investors about 2 years ago and we’ve had success. I feel you just have to have the right provider and Pm company. But yes, more risk with these properties for sure!

$30k could get you a property tenant occupied or rent ready all in here in Memphis! All of my rentals are $30k and below and rent for $575-$725/mo. Coupled with a reputable property management company and you have a REAL source of PASSIVE income!