All Forum Posts by: Sheronda Nichole Williams

I decided to repost this question to see if there are any new leads or recommendations.

I'm trying to refinance a $55K in Memphis, TN, and I'm still having trouble finding lenders at this low price point. I'd prefer a DSCR loan, but I'm willing to check out any options at this point. I have looked through similar posts and checked out those recommendations without headway. Any recommendations here would be greatly appreciated. Thanks!

Thanks, @Sam Wilson! I did try Brighton, but not Bank of Bartlett.  I’ll reach out to soon.  Thank you so much for the recommendations! 

I purchased a property with a hard money loan for $55K.  I'm trying to refinance into a conventional loan, but I'm having trouble finding lenders (even local banks and credit unions) that will do so because of the low amount.  I thought I'd post in the forum to see if there are other lenders or local banks I'm not aware of that could work with this low amount.  Also, I have looked through similar posts and checked with those recommendations, but there might be some I've missed.  Feel free to share that link if you have it.  Thanks!

Thank you so much, @Steven Foster Wilson!  You're absolutely right.  I'm doing just that!

Thank you so much, @Caleb Brown!  The wholesale thing was throwing me off.  Definitely easier than I thought.  Thanks again!

Hey, Everyone! I'm looking into purchasing my first wholesale deal. What due diligence should I complete before putting in an offer? What's the proper way to submit an offer? What are my responsibilities for closing as an end buyer? If anyone could share any resources containing this information, that would be super helpful. Thanks!

Hey, BP! I have a family friend who needs to rent a room in Memphis for three months starting on July 31. Budget is $500. I know renting by the room is not too common in the M-town; however, I'd greatly appreciate any leads or assistance. Thank you!

I'm a real estate investor newbie!  Long story short, I'm from Memphis, TN moving to Denver, CO in a few weeks.  I'm in nonprofit management, so you can imagine why I MUST acquire other forms of income to achieve financial independence.  I'm looking to buy my first rental property.  Of course, the Memphis market is totally different from the Denver market.  Ideally, I would love to house-hack while in Denver.  However, based on my finances, I don't think I can afford a property over $135K (I've got to check with lenders to confirm).  My question is would it be wiser to purchase property in Memphis and manage it long distance or is there any option for me to buy  decent property in Denver to house-hack?  Any guidance would be greatly appreciated!