* stated cash ROIs assume you will qualify for a Fannie Mae or equivalent investment loan with one of our bankers.
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This Property: your new SFR is 4 bed & 2.5 bath over 2200 heated sq ft with double garage. Finishes are brick (or comparable) exterior cladding, granite tops in the kitchen and bathrooms, stainless appliances, carpet bedrooms, scored stained concrete floors to other areas
Management: your awesome new investment property will leased and managed by one of the best (we think) PM companies in Memphis TN. Read more about your Memphis PM company here
Tenants: we work closely with the PM company to ensure quality tenants are placed in 1-2 yr leases as quickly as possible after CO.
Builder/GC: our investment properties are built efficiently and to the very highest standard. To achieve this we have employed a local GC who has worked in Memphis his whole life and since starting in construction in the early 80’s he has built more than 4000 SFRs and developed more than 2500 lots over the same time. At the peak of his career, just prior to the GFC, our GC was building 240 homes per year. He continues today to set the same high standard and is pleased to offer same to you.
Food for thought:
Buy as many properties as you can afford: income derived over multiple doors is typically much more stable than 1 or 2 doors – safety in numbers!
Cash, IRA, Stocks, Home Equity: turn your lazy IRA or stocks or home equity into retirement income. With the right property and advice, you can passively turn a $100K into $500,000 over 5-10 years simply by working smart and using some of your lazy equity.
New or old property: we’re always asked this question, so let’s answer it this way. It’s not what you earn, it’s what you get to keep. Meaning old properties usually earn more on day one BUT often vacancies, maintenance and poor capital growth take their toll making the returns far less attractive over time.
Use our ROI calculator to view the estimated ROI for this property