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Updated almost 7 years ago on . Most recent reply
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Newbie saying hello!
Hello BP!
My name is Kwon Do and I am a healthcare professional in Los Angeles, California. I have been lurking in the forums, reading blogs/books, and listening to podcasts in the LA traffic. I have been reading up on out of state investing and am eager to get my first property. Like many others on BP, my goal is to achieve early FI through real estate and other modes investments. My real estate goals for this year is to get my first property, read more, and be more active on BP.
Currently I am aggressively saving so that when I do buy my first rental unit, I have enough reserve cash cushion for potentially unseen pitfalls. Hopefully I do my due diligence well enough to prevent them but as a newbie with zero experience, I want to be on the safer side!
Would you recommend Memphis and/or Indianapolis for a newbie to invest out of state?
I would love to learn and gain some experience by helping any of you guys in any way that I can!
Thank you for reading.
Most Popular Reply
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Memphis is a great market to invest in but just like any other market in the country it is important to work with people you trust! Find the right team and investing at a distance can be done. I know of some great services here in Memphis for you to connect with! Try Curt Davis Alex Craig as turnkey providers and definitely reach out to Douglas Skipworth for property management. If you decide on Memphis! Happy investing!