Turnkey Starter Investment Property! Located in Berclair Neighborhood!

Property Offered at: $52,900 -

1443 Wrenwood, Memphis, TN 38108

1443 Wrenwood Memphis, Tennessee 38108

Purchase Price: $52,900
Property Status: Repairs Needed, Included in Price

TAX APPRAISAL: $28,200

Closing Costs: $1k (estimated)

Total Monthly Debt Service (Assumes Cash Purchase)

Rent Range: $650(currently rented)

City/County Taxes*: $43/month (based on 2012 values)

Insurance: $45

Less Management (10%): $65

Positive Monthly Cash Flow: $497.61/month

Plus instant equity!

A cute 2 bedroom, 1 bath home with new central heat and air, just renovated with tenants in place paying $650/month.

Build your rental portfolio starting at 50k USD!

This property qualifies for Robert Feol’s Short Term Retirement Program – a simple, non qualifying permanent lending program where you bring 30% – 50% of the purchase price as a down payment, and we will finance the rest over a 5 year period. All Short Term Retirement loans feature a fixed rate and full amortization, meaning after 5 years you own your investment home free and clear, without any lien on it.

Financing (short and long term), property management, insurance, home inspectors, and contractors are available upon request

Investor Fundamentals:

*Property taxes are based on $28,200 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.

Property Details:

Sq/Ft Total810
Bathrooms 1 Full
Bedrooms2

Finacial Details:

Property Status

Sold

Want to Invest in Memphis Real Estate?

We are the experts and we can help.
Call (901) 258-6944 for details.

DiscountPropertyWarehouse.net receives inquiries from clients across the country regarding the investment opportunities that it offers. As such, we try to return all emails and calls within 24 hours. The best and most efficient way to get a response from one of our staff is to contact us via email. If you are an investor looking for additional information or you are interested in purchasing one of our investment homes, please indicate the address of the property in the subject heading.

Testimonials

Client Experiences That Speak for Themselves

“Robert Robert, He’s our man. Robert Robert, He’s no flash in the pan. Give him your dough and he will make you bread. Robert Robert, He’s THE MAN. Just put your trust in him and he’ll show you he can. Seriously. As a long time investor, it’s nice to have someone in my corner for a change. Most people are out for themselves. Not Robert. He will do whatever it takes to make you feel comfortable and be profitable.”

M. Glen

“I first met Robert Feol when he was a student of mine at the Wild Women of Real Estate Workshops several years ago. In the years since I met him, I have seen him go from a part time investor to supplement his teaching income to a full time investor, and now I see him beginning to blossom into an incredibly passionate national real estate educator and radio personality as well. Robert’s commitment to people’s success and his high level of integrity has been demonstrated consistently to me in the way that he has worked with me on event promotions and educational workshops, putting the student’s needs’ first and being sensitive to the end result of their education, and also in the way that he works with local animal rescue groups. I have no doubt that Robert, as he continues to mature as a real estate investor, radio personality, and motivational speaker, will be one of the top speakers and teachers in the country someday in the world of real estate investing. He is really great to work with and I am proud to call him my friend.“

Wendy Patton

“You were a great addition to the team! You got a round of applause after you left. I look forward to seeing you on the speaker circuit. Your age is a huge advantage for reaching generation Y.“

Jeff Frank

“I have worked with Robert Feol for some time. Robert’s passion for real estate and unwavering commitment to educate others is immediately discernable. Robert’s work ethic and integrity are attributes similarly to be admired. I am honored to consider Robert both a client and friend.“

Greg Ziskind

"When I needed help planning for my future, I began to listen to Robert Feol on the radio. I heard a lot of solid ideas, and began to understand rental investment property was a relatively low risk investment that would provide solid cash flow for my family’s future. With this in mind, and believing Robert stood out from the rest in his business, I took a chance and bought a property from him. My entire family even got involved and put in some sweat equity painting the house, and with Robert’s continual help we now see the rental property market as an exciting opportunity. Robert proves over and over he is a great man of character who loves to help others succeed, and does exactly what he says he will. He has a keen business savvy with a down to earth personality. I am now purchasing a second investment property, which I never would have done without his counsel. I consider myself very blessed for finding Robert and his network of real estate professionals."

Robert Lagan

Hi Robert, You are the perfect example of a Black Sheep. I mean that in the most complimentary way. Thinking out of the box is your style. Just like me. Go for the Gold and Silver. Lori

L. Rawlinson

I love the show!... the best advice on [investing] in real estate

Lee Collins

Robert (and Shannon), Thank you so much for the books! They arrived last night. I started reading the "Fortunes Formula" and I'm almost 2/3 of the way through it. It's a very good read. I showed the books to some other guys in my "group." They are all psyched up about it and we are all going to read them. Again, THANK YOU! I can't describe how great it makes me feel to receive these books, and the knowledge and opportunities that they represent. I Believe! [name witheld by request]

P.P.

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Memphis Turnkey Property Investments

Buy, Renovate, Rent, Refinance, Repeat!