All Forum Posts by: Sam Wilson

Any Memphis locals have an estate planning or probate lawyer that they would recommend?  It is for us personally.

Thanks.

@Anastasia Jordan - That would be great advice for residential but I'm looking for commercial lots, but thank you!

@Rob Drum - I'll check those out.  With many tax assessors' sites, the info is difficult to find.  I think I put in 1st street with no results.

I did find this: http://jeffcogis.jccal.org/jeffcomaps/Default.aspx

Which is the GIS map of the county so I can find parcel details there.

@Jason Cory - Thank you for those references!  I'll check them out!

Hope ya'll have a fantastic weekend!

B'ham folks - What websites do you use to find property owners in Jefferson Co?

The tax assessor's site doesn't list half of what I want so I'm hoping there is another way.

Thanks in advance!

My wife @Elizabeth Wilson and I found some old (1800s) books in the attic of a house we bought in Tennessee.  In an 1876 atlas there were newspaper clippings from 1916.  I thought ya'll might get a kick out of seeing this one for real estate bargains in Indiana

@Matthew Pruitt - What kind of deals are you looking for?  We are still finding plenty of good ones in Memphis.  Sure the market is hot but it is hot all over the country.  You can still find houses that cash-flow here.

I'd agree with others and look for a new agent.  Message me if you need some recs

Like @Chris Clothier said TKP (good ones like MI and others) bring value both to the investor and the renter.   It's not for everyone but a good option for many OOS investors.

I'm not sure what makes an area "over-saturated" with investors or "unrealistically running up home values).  Yes, home prices in general are higher than they have been and this may keep some people out of the market, but we have no problem buying or selling our properties to investors.  

Keep looking for the best deal.  Might take longer than you think but they are still out there!

Best of luck!

@Zack McCoy - Welcome! There is a great group of Memphis investors on BP! Also check out all the REI meetups in town. We (my wife, @Elizabeth Wilson and I) try to make it to Coffee with Investors every Weds at City and State Coffee on Broad at 7:30am.

Look forward to meeting you!

@Daniel Pitta -  totally understand.  Unfortunately there is a strong myth that you can wholesale with little or no money and maybe folks out there can.  We spend thousand every month just are marketing much less holding costs.

Maybe you’d be better of finding investors who will pay you a birddog fee rather than wholesaling.  

@Daniel Pitta -  we work with hard money lenders when there are situations when we don’t have 100% cash to close.  Like @Philip Williams we always close on homes we put under contract.  Not only is it the right thing to do, knowing that keeps us focused on deals that we know are good buys. 

Articles like this always disappoint me by not adequately addressing the problem of housing and by saying such faulty generalizations from anonymous sources as: "Some say all the “buy and hold” investors are squeezing out the average home shopper".  

First of all articles like this try to make out the "investor" as the bad guy.  Even though OOS investors are direct competitors to us local investors, we welcome them into the market.  They not only provide rentals to those who want them but they also inherently boost the economy by maintaining these homes and other associated expenses/taxes. While I'm sure there are some who don't take care of their properties, there are also many homeowners who don't take care of their properties.  

I say many thanks to any company or individual who chooses to invest in Memphis.  Thank you for sharing your money and time in our city.

If demand is this high, why are we seeing more building. Like @Jay Hinrichs said we aren't seeing the building like other markets. Just read an interesting piece at mises.org about this:  https://mises.org/wire/housing-high-prices-few-new... We aren't developers or builders so I don't have a good local take on that.  

However basic supply and demand should be examined - not just a general slam against those choosing to invest in our community.

I just hope this "one couple" trying to buy a house in Cordova doesn't ever need to move to Seattle or SF or LA or almost anywhere else in the US because they will realize the Memphis housing market is still affordable and accessible to most people

@James Martin - That is very smart!