All Forum Posts by: Spencer Shadrach

@Youa Yang glad to see you've done your first deal. When faced with tenant screening use mysmartmove.com and this makes the process much easier. It vets and screens the tenants for you. 

Happy investing! 

Smokin Hot Property for sale in Frayser!

2238 Stephanie Ave Memphis, TN 38127
3/1
Asking Price: $20,000 Cash or best offer
Repairs: $9,000
Value: $55,000
Equity: $26,000
Call Alex today at 901-881-2627 Cash offers only. No emails or texts will be received.

Smokin hot property for investors in Cordova.

7470 Cordova Club Dr Cordova, TN 38018
Asking price: $149,000
Rent Range: $1695/Month
Value: $197,000
Repairs: None
Equity: $48,000

Great property. Will Not Last!

Great opportunity for investors or home owners, call Alex today at 901-881-2627

We currently answer live on most of our calls. I was curious to all the wholesalers out there in some of the other big markets like atlanta, nashville, dallas, florida, texas, memphis, san diego, los angelos, and other hot markets for cash buyers. 

Give me your best reason on voicemail or live answer! Ready............Go! 

@Micah Copeland thanks bro. I want to come over to Nashvegas for a day or two and do some scouting. 

@Devan Mcclish I'll be sure to send you deals that we get that are the 2% rule.

@Keith Shackleford send me your email and phone number. I will send over the deals when I get them. 

@Leo K. Hi Leo, thanks for the info. Send me a private message with your contact info if you're in the market for buy and holds or fix and flips. We will send them  your way when we get them. 

Here in Memphis we like to see returns in the neighborhood of the 2% or 50x the rent ratio. Meaning if it rents for a $1000 and the all in price is $50,000. The 1% rule would mean that you buy the house for $1000 and you're all in price is $100,000. 

I am wondering what the typical deal would go for in the Nashville area. Should you expect the 1% rule. Are investors looking at these prices? 

Shadrach 

@Pin Xi @Brian Rule Welcome to BP! The podcasts are very informative but don't hesitate to take action. When listening to the podcasts the thing recommended by most interviewees is to take action!! 

I am a wholesaler in Memphis who finds deeply discounted rentals for investors and I am well connected to some very good, reliable property managers. Let me know how I can help. 

Happy investing! 

@Account Closed Welcome to Bigger Pockets! I recommend listening to the podcast and getting in touch with the locals! 

I find discounted properties for investors and agents in Memphis and Nashville. Send me your contact info and I will send you the inventory we have when it comes up! 

@Waylon Themer that's gotta hurt. We require non-refundable earnest money but we tell the investor to deposit the money with the title company so that we aren't held liable if something goes sideways.