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Updated over 2 years ago,
First Time Investment property - Thinking of Memphis Area
Hello, I have been researching and touching on investing in real estate long term for a few years now, but have yet to pull the trigger with my first property.
I have always been interested in real estate and have viewed it as a potential to achieve my long term financial goals. My name is Presley, I am 24 and live in CaliforniaI own my own E-Commerce business and Manage a separate waste management company. My Goal for the next 10 Years would be to acquire 10+ rental Properties. I have been nervous with the markets to make the jump and purchase But I feel that I am ready.
A few questions for the more experienced:
1) Purchasing Turnkey from a Turnkey Company vs Finding rent ready property on my own and hiring a management company for first deal?
2) My goal being multiple properties and owning a business currently, Setting up LLC for first rental property or purchasing personally?
3) Starting with SFH or a duplex in the Memphis area?
These are some of the questions I have. I am motivated to start this journey into this, It would be good to hear some feedback, any advice is appreciated.
Thank you,
Presley