All Forum Posts by: Sean Tagge

@Ethan Edwards Just quit claim the property from you and your partners LLC to your personal name get the loan then after 60-90 days of refinancing quit claim back to your LLC.

@Alexandru C. nice being able to meet with you today at coffee with investors. Best of luck in your endeavors. 

If I had $500,000 capital to use. I would do the following: 

I would look for a value-add apartments in Memphis TN or the surrounding cities I would want to purchase an apartment for 60-70% ARV with at least 70%+ occupancy (cash flowing). I would find a bridge lender to allow me to leverage that capital to let me purchase the property and then put repairs into. I would work on improving the units to increase the rents and occupancy. I would get a great management system going to weed out the bad tenant and get great tenants into the property. Then after 6-12 months I would look for a cash-out refi onto a 15 yr am+ loan hopefully be able to pull out all or most of my capital and then keep the property and the cashflow and do the same thing again. BRRRR but with apartments.

Hello @Account Closed I have personally done this and helped a couple other people do this as well. Your questions is great for Steve Bighaus and/or I personally used Aaron Chapman with SNMC to accomplish this. Let me know if you have any questions about this. 

Welcome to bigger pockets @Account Closed Memphis is a great city to invest in. 

I would love to meet up with you I am at Coffee with Investors every wednesday 7:30-8:30 am at City and State coffee 2625 Broad Ave, Memphis, TN 38112

Would love to network with you or anyone else. 

Click here to check out the weekly absolutely pure networking event

Real estate is about creating relationships! Networking with other investors can take your business to the next level! Are you just starting out? Need a mentor, partner or someone to bounce ideas off of? Looking for private or hard money? Contractors? Deals? Buyers? Don't miss the premier Real Estate networking event in Memphis! Nothing sold or presented. Just networking with other like minded entrepreneurs.

Every Second Monday of the Month

5:00 pm - 7:00 pm 

At: Memphis Investment Properties (aka Reedy and Company Property Management)

4701 Summer Ave

Memphis TN 38122

Even though I have this even for Dec 13 it is in fact EVERY WEDNESDAY MORNING! So feel free to come any Wednesday!

Real estate is about creating relationships! Networking with other investors can take your business to the next level! Are you just starting out? Need a mentor, partner or someone to bounce ideas off of? Looking for private or hard money? Contractors? Deals? Buyers? Nothing sold or presented. Just networking with other like minded entrepreneurs. Best place to network early in the morning in Memphis, TN. 

7:30 am to 8:30 am Every Wednesday Morning.

At: City and State Coffee

2625 Broad Ave, Memphis, TN 38112

Real estate is about creating relationships! Networking with other investors can take your business to the next level! Are you just starting out? Need a mentor, partner or someone to bounce ideas off of? Looking for private or hard money? Contractors? Deals? Buyers? Nothing sold or presented. Just networking with other like minded entrepreneurs.

Every Wednesday Morning from: 7:30 am - 8:30 am

At City and State Coffee Shop

2625 Broad Ave, Memphis, TN 38112

Aaron Chapman at SNMC is my suggestion for you to contact. 

Second option suggestion- Bridge Capital. 

Hello @Kenneth Bernard, 

My partner and I are currently representing two clients 1031 exchange into multifamily here in Memphis (3m-6.5m total purchase price). 

What type of property are you looking for? I would be glad to help out in any way.