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Investing

How We’re Different:

Our Processes:

Property Types: A, B & C Levels + Buyer Beware For Location


Buyer Beware For Location:


New Property – Owner Still Has Possession:


New Property – Rehab Not Started – Owner Vacated


Newly Rehabbed A Level – Standard Rehab Package


Newly Rehabbed B Level – Standard Rehab Package:


Newly Rehabbed B Level – Standard Rehab Package:


Newly Rehabbed C Level – Standard Rehab Package:


Newly Rehabbed C Level – Standard Rehab Package:

This One Is An Attached Unit

Financing:

CASH PROPERTIES

WHY CASH PROPERTIES? HOW ARE THEY CHOSEN?
Typically, we designate properties CASH PROPERTIES when they are unable be purchased with conventional financing. In general, that is a property with a purchase price less than 50k. But, buyer beware of these properties. Many times, we find unsuspecting buyers purchase homes in areas that are not desirable. How do we find good “cash” homes. We take a 3 tier approach….Neighborhood, Street, and then the Home. If we drive in the neighborhood and it is acceptable, then we proceed to the street. If we like the street, we will check out the house. If the house is acceptable, then it passes all 3 test and it is a go. That is the only way you know you are ok in this price range.

FINANCED PROPERTIES

FINANCED PROPERTIES – CONVENTIONAL LOANS
If an investment property is over 50k in price point, conventional financing is available. There are some exceptions, though. When financing is being used, the property must meet the appraiser’s requirements. Those requirements will be somewhat standard with most lenders and are put in place to protect the lender and you, the borrower. If you have 1 to 4 financed properties, conventional financing will require a 20% down payment. For financed homes 5 through 10, putting 25% down is required. After you have 10 financed properties, you will have to switch to alternative financing options as shown in our Private Financing option.

PRIVATE FINANCING OPTIONS

PRIVATE FINANCING FOR FOREIGN AND DOMESTIC BUYERS
Many out of country and even domestic investors are looking for alternative financing solutions. Traditional lenders typically will not discuss any type of financing for buyers outside the US and there are many domestic buyers looking for financing when they exceed Fannie Mae or Freddie Mac guidelines. Not to mention, there are many lenders that implement loan limits, so if you need a small loan for a self directed IRA, lenders will deny due to loan size. In order to help buyers achieve their investing goals in these and other areas, we work with private financing partners to allow for flexibility for our buyers to continue to invest in real estate when obstacles get in the way. We have 3 programs with various interest rates and amortization schedules to fit investors needs.

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We’re The Investment Arm Of Enterprise Realtors In Arlington, TN.

We have an in-depth understanding of the market you’re pursuing. We are not traditional realtors. We are investors working for other investors. Our Investment Team evaluates hundreds of homes every month to bring you the best investment homes based on your investment niche and performance criteria.

Whether you are a first-time investor, a seasoned investor, or a corporate buyer, we are experienced and ready to be your “boots on the ground” in the Greater Memphis Metropolitan area.

Enterprise Realtors was originally opened in 2002 to assist out-of-state investors to identify and purchase investment real estate in the greater Memphis area. We have since added our property management group, Mid-South Home Rentals, as an “in house” property management company to manage your investments. We are a full service real estate company governed by the Tennessee Real Estate Commission and part of the Memphis Area Association of Realtors.

Ryan Tucker

Broker-Acquisitions
Investment Team Leader
(901) 921-9065

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Enterprise Realtors

6225 Quintard St, Suite 203

Arlington, TN 38002

How Are We Different?

Lets start with one BIG difference. When looking for a Real Estate agent or agency to assist you in investing, we are not your typical Realtors. We only work in Investment Real Estate. Sure, some Realtors work with a few investors here and there, but we only work with investors like you. What does that mean for you the investor?

We know the best areas for you to invest in the Memphis area. Need financing? We work with lenders who specialize in Investment Real Estate – No surprises at the closing table because the lender you chose didn’t know what underwriters are really looking for in investment financing!

We'll even refer you to an insurance agent who only works with investors and agencies like us.

The REALLY BIG Difference?

Not all investors are the same and neither are their objectives or goals. We understand that and tailor our services, if possible, to the individual investor and their needs. If you are a serious investor with realistic goals, we can customize any area to meet your investment needs.

We track every pre-foreclosure in Memphis (Shelby Co), and all the surrounding counties. We track low priced homes for cash buyers. We track homes in the $50k to $100k range. We track executive level properties. We track EVERYTHING!

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