All Forum Posts by: Sneha Deshmukh

I have been exploring turnkey properties offered by MidSouthHomeBuyers in Memphis. It seems like there are many have good experience working with them. Curious to know if out of state investors have made deals without seeing their properties?

@Nicholas L. and @Michael Smythe

Thank you for your invaluable insight. I was considering doing a trip to Memphis once I have a house shortlisted. But certainly looks like I need to do some more homework while analyzing properties offered by this turnkey

@Nicholas L. Thank you for pointing me to these threads. The turnkey investment property claims to be renovated recently but really hard to confirm if they have any foundational problems. All I have is this list of improvements made on that property. Is it recommended to get an inspection done before any serious thoughts on the house?

Hello BP community,

I'm a newbie in real-estate world and am interested in dipping my toes with SFH long-term rentals in Memphis. I am looking for out of state investment due to low entry capital and a renovated property with property management. My goal is cash flow with decent appreciation. Since I am not local and cannot have my boots on the ground I am looking at a turnkey who is local to this area. Below is the property evaluation projection for a B class property (zip code: 38127). Considering the high interest rate, the projects and COC return seems too good to be true. Am I missing something?