Chatham Village Condo for Rent

Great Condo in Chatham Village for rent again. Previous tenant was evicted by the D.A. for improper conduct. So, I need to fill it. Only $795 a month.

Memphis House Values

I bought a house on Kaye Road near Eastgate Shopping center in 2007 for $90,000, spent $10,000 on it and sold it for $118,000 6 months later. That house is now worth about $120,000. Another house I bought near the University of Memphis in 2006 for $60,000 and put in $10,000 I sold for $86,500 at the peak of the sub-prime bubble. That house is now worth...get this...over $100,000! Why did the "cheaper" house appreciate more than the "expensive" house? Location, Location, Location! The houses near the University seem to be always more desirable because there is a steady stream of students looking to rent and parents wanting to buy regardless of the economy and interest rates. The moral is to invest in areas that are near University and in stable neighborhoods.

Is your propery appreciating or depreciating?

Just for laughs, I checked the Zillow prices on a few houses I bought and sold. One house in Nashville I sold bought for $53,000 and sold in 2004 for $105,000 has appreciated to $175,000! In less than 5 years, it has increased in value over 75%! This house is located in West Nashville at the edge of Belle Meade and Hillwood. Another house I built for $240,000 and sold in 2 years for $318,000 has depreciated to about $275,000. Why did one go up and one go down? Location. The larger, more expensive house is near Bellevue, which is about 20 minutes from downtown Nashville and there has been a lot of new construction out that way. Whereas the older house built in 1954 is in an established neighborhood where there is no new construction. What that teaches us is that for value, it pays to invest in stable neighborhoods.

Great Deals Are Everywhere

Can you believe that houses in Detroit are selling for as low as $1000? I saw a picture of an $8000 house that only needed about $4000 in work that looked like it would rent for at least $1000 a month. Here in Memphis, there are plenty of great deals. Look at this one that is available for only $55,000. If you are interested, let me know.

Let Me help you invest in undervalued markets~~

I am pleased to annouce that I now have readers in 63 countries! I am working with several owners to find investors looking to increase the depth of their real estate portfolio. I have access to foreclosure and short sale properties that you may be interested in. Please let me know what your budget is and I will put together a package deal with units either rented or empty that fits your investing strategy. I am working primarily in the Memphis and North Mississippi markets where most investment property is selling for around $50-$60 sq. ft. and it rented for $80-$90 sq. ft. I currently have houses, condos, apartment buildings and retail space available including one restaurant location in a prime area. Interest rates are low and inventory is high. Let me know what you want readers in 63 countries! Call me or email me hear. 901.692.0645 is my direct line or email me at dgold@yourhouseauctions.com.