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Memphis : Real Estate Advice

  • All678
  • Local Info61
  • Home Buying235
  • Home Selling36
  • Market Conditions24

Activity 370
Wed Apr 6, 2011
Shannon Feol answered:
I do not know of any "banks" that provide mortgages for overseas investors, however I do work with a group that offers private financing for non-USA investors and with flexible terms. I'd be glad to answer any questions that you have. I have included the link to their website below.

Best of luck with your Memphis Investments, you have chosen a great city to invest in!
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Wed Mar 23, 2011
Angela Smiley answered:
Hello MS. Bennett. My name is Angela Smiley and I'm with Keller Williams Realty. I will love to help you find your dream home. If you would call me, I'll be glad to show homes to you untill you choose what you like. Call me 901-406-3892. Thanks, look forward to your call. ... more
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Mon Mar 14, 2011
scott farmer answered:
It depends as to what stage of the transaction you are in. Have you received signed seller acceptance of the offer or just verbal acceptance? You really need to discuss this with your realtor so that they can best help you with your buyers remorse (which is not uncommon).

If everything is signed sealed and delivered then you are now entered into a legal contract and will need to review and understand the contract to find if you do have an "out". Usually inspections, appraisals, Approval of CCR's and of course ability to obtain financing are reasons to withdraw/cancel. Hopefully, things will look clearer after you speak with your agent.

Good luck,

Sandy Farmer
Realtor, GRI, CSSN
John Hall & Associates
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Mon Apr 16, 2012
Anna M Brocco answered:
Consider asking your caseworker for a list of available rentals, check with local realty offices, local print media for by owner rentals, word of mouth, etc.; also see link.. ... more
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Fri Mar 4, 2011
Dave DeVos answered:
Use a local bank; they are better qualified to help you.
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Tue Nov 27, 2012
Anna M Brocco answered:
Check out area statistics; real estate professionals are prohibited from steering, enticing a buyer to purchase, or not, in specific neighborhoods--for any safety concerns--for accurate information do contact/visit the local authorities and ask all your questions, hear all there is to hear firsthand. ... more
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Wed Jun 15, 2011
Mike answered:
Sun Jul 16, 2017
Jo Shaner answered:
Yes, many of them are legit, however most are not great deals for the seller. It is like selling your jewelry to a pawn shop. They are not going to give you even a reasonable wholesale figure in most cases. They are in the business of reselling at a profit.

With any large transaction, you should have an attorney look over your paperwork before signing anything.

Good luck to you,

Jo Shaner
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Sun Mar 13, 2011
Sally Grenier answered:
In this day and age, I think it will be pretty tough to find a loan with 0 down. Talk to a local lender or mortgage broker and find out what your options are. Some states offer a down payment assistance program (which is basically in the form of a 2nd loan). Good luck! ... more
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Mon Dec 17, 2012
Michelle Amen answered:
Hi LaTanya!

I totally understand your situation. It shouldn't be a problem; I also understand that finding rentals on the internet is a complicated process. Why don't you call me and we can talk about it.

Michelle Amen
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Sat Sep 8, 2012
Bruce Baskette answered:
There appears to be units for rent at this time. Do you own one there now? or are you thinking of buying?
The condo market downtown is very soft right now. Feel free to contact me concering your question.
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Sun Feb 13, 2011
Jimmy Thompson answered:
I have a nice rental in Memphis TN Cooper Young neighborhood. Let me know if you are interested. Can find other rents as well. 1043 Fleece is for rent or sell. Go to my website to check this property and others.
With much respect,

Jimmy Thompson
Keller Williams Realty
1255 Lynnfield Rd. / Suite 100 / Memphis, TN 38119
901.729.3415 Direct
901.484.4539 Mobile
901.261.7900 Main
901.261.7999 Fax
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Mon Jan 31, 2011
Edna Johnson answered:
Wed Jan 26, 2011
Charles Woods answered:
In Memphis I would suggest either 38111 near the University of Memphis or 38104 which is midtown Memphis. Both of these areas hold their value nicely and are in parts of town where you can easily find quality tenants. If you need any more help please feel free to contact me anytime at 901-487-2089 or

Charles Woods
Keller Williams Realty
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Sat Jan 22, 2011
Bruce Baskette answered:
If you are looking at property for investment 38116 is not a zip code to look in.
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Sun Feb 13, 2011
Tony McMahon answered:
Have you spoken to a local lender yet? This should be your first stop. If the 1st one can't help you try another. You could also contact a local Realtor who may be able to guide you to a lender they are aware of. ... more
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Thu Jan 13, 2011
Dallas Texas answered:
Virtual answer is not to your benefit your buyers agent OR real estate consultant should be providing you all the data required to make a decision prior to signing any sales agreement.

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
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Thu Jan 13, 2011
Rasheedah Jones answered:
Anna, I think this would pose as an awesome investment opportunity. The Raleigh Community is a traditional, mature community. I would guess, around a 50/50 mix of renters and homeowners. I assume this is a 3br/2ba; Without knowing the quality of the rehabbed work or the need for the rehab, on its surface, the purchase price is not unreasonable if the property is move-in ready for your tenant. Of course and ideal situation would be to have a tenant in place already! However, the purchase price is comparable to other homes that have sold in direct competition to the location of your inquiry. Your suggested rental amount, in my opinion, is easily achievable provided property condition is average to good. While the Dept of HUD reports that fair market rents for our area for a 3br is around $1043, my conservative estimate would be around $850/mo. ... more
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Tue Jan 11, 2011
Jo Shaner answered:
Could be great if the condition warrants. The assessed value is what the tax collector puts on the house. In most cases that office has never stepped foot on the property and they are going by aerial photos to "guestimate" the sq footage. They also use recent sales and title transfers as another source. Tax assessment is not the best source to arrive at value, just one of many tools.

If this house is in god condition, yes $65K is a steal. The house is close to schools, shopping and interstate access - all items that make it a very good rental subject.
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Wed Jan 5, 2011
Anna asked:
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