Hi everyone, I'm interested in learning more about the Memphis, Tennessee, rental market, especially the 38106 area. For investors familiar with this market, I'd appreciate your insights on a few questions: What is the typical monthly rent for a renovated 3-bedroom, 1-bathroom single-family home?...
Hey all, I am a new investor looking in some NC areas. Anyone up for a new adventure?! I’m seeking out some team members to start this journey and make it successful. I’d love to hear from agents, investors, brokers and even some knowledgeable handy people from the area that could spot those big ...
21 days is not a goal I set at closing — it is the schedule I build before the first hammer swings. I buy BRRRR single-family in Memphis, under $100K, and I am aiming at an ARV of $180K-$265K and Section 8 rent of $1,395-$1,950 on a 3BR+. At 236 properties, the thing that kills returns is not a b...
My husband and I are both 57, with a goal of retiring within the next five years. We're seriously considering building a portfolio of long-term rental properties to generate additional retirement income, but we're at a crossroads with our existing second home. We're hoping to gain some perspectiv...
I receive listing alerts for specific zip codes in my area from the foreclosure.com address. Has anyone every got a property through these and if so, what is the process? Is there a difference from ones that say bankruptcy opposed to preforclosure? Which ones would be easier to pursue (if any)?
Hi, just curious sort of a pole but are majority folks here for example just flip homes that it or does anyone here flip houses as well as own retail and or apartment buildings and or self Storage etc invest in multiple different asset classes how has it been capital allocating it wise and time m...
Im not a realtor or have a real estate license, i was working with a realtor but seems they dont want to share their MLS acct anymore, most people i see here talk about the MLS are realtors.
Nobody puts roofs on a top-ten list, but this is the thing killing more offers and repair negotiations than anything else I've seen lately. Insurance companies used to cover your roof at replacement cost value (RCV). If a storm tears it off, they pay to put a new one on. A lot of companies have s...
I hear a lot of investors say there aren’t any good deals on the MLS, but how many are actually putting in offers? Just because a property is listed at 280K doesn’t mean the seller won’t take 230K. The numbers still have to work, but you won’t know how flexible they are unless you start the conve...
Every Baltimore rehab I document gets a milestone photo packet at five points — not for the portfolio, for the paperwork. The day a lender asks where the money went, photos answer. Here's the five-pack. Milestone 1: buy + pre-demo. 40–60 shots at close: every room, four corners, roof, basement wa...
Right now a lot of investors are hesitant. Higher rates, uncertain prices, and headline noise make people wait on the sidelines. That can create real opportunities for buyers who do their homework. When fewer buyers are competing, sellers have fewer options, and that can change the negotiation. B...
What does "investor-friendly" actually mean? I've seen this come up several times in the forums so I thought I'd attempt to define it...and I'd love for the community to push back or add to it. 1. They talk in numbers, not PFA (plucked from air). An investor asks "what does it rent for, what will...
I've been seeing some interesting conversations about appraisals lately, especially when investors are refinancing after renovations. You buy a property, put money into improvements, and expect the new value to reflect that work. But then the appraisal comes back lower than projected. Now your ca...
I see investors focus on the purchase price, cash flow, and financing. But have you thought about how the deal will affect your taxes before you close? A good deal on paper doesn't always mean the best after-tax result. Be honest: Do you talk to your CPA before buying a property, or only when tax...
I’m curious how other real estate investors handle outdated property owner lists. Sometimes a list contains an old owner’s name, an outdated mailing address, or contact information that no longer works. This can create extra work when researching off-market or distressed properties. I’m intereste...
I’ve been hosting open houses every weekend in Ventura, and I’m noticing an interesting trend: buyers are increasingly willing to commute to Los Angeles just 2–3 days a week in exchange for a better quality of life. COVID helped kick-start this shift, as people rethought where and how they wanted...
I run 236 properties in Memphis, and a lot of good tenants do not look good on a standard application. Past issues get them screened out everywhere else. That is why I use a second-chance program, but it has rules, and the numbers have to protect the deal. Here is how it works. If they do not qua...
Most first-time BRRRR deals don't die in the rehab. They die on paper, before the offer is ever written. The killer I see most is buying at a price that only works if the appraisal saves you. My buy box in Memphis is single-family under $100K, and the house has to appraise at $180K to $265K ARV o...
Would love to hear what associations you are a member of. I am first time investor and I want to get in front of these groups in my local area and just hear of what association you are part of for future collaborations with BiggerPockets. Let me know the following: -Associations name -Location -W...
I comp every Memphis house off sold prices only — never list prices, never Zillow guesses. Here is exactly how I do it. I pull houses that actually sold, recently, in the same ZIP and the same neighborhood — ideally the same few streets. In Memphis that matters. A sale in 38109 does not comp a ho...
Money coming in doesn’t always mean a property is profitable. Repairs, loan payments, capital expenses, and taxes can tell a very different story. If I asked you right now how much your rentals actually made last month, could you give me a number?
Before you fall in love with a rental property's price, run it through the same filters every time. Here's the evaluation framework I use with my investor buyers — it works in any market. Start with the income — verify it. Don't take the listed rent at face value. Check what comparable units near...
As of today, I have lived in a condo I purchased roughly two years ago. I have a large amount of equity and have been considering selling and moving the money into a multi family where I can house hack and live in one of the units. I want to start somewhere I can scale. Would anybody be able to r...
When researching potential real estate deals, how do you make sure you have accurate and up-to-date property information before moving forward? I’m curious how other real estate investors handle property and ownership research, especially when working with off-market, vacant, tax-delinquent, or d...
Out-of-state investors keep using "about 2%" for Houston taxes. Close, but here's what a rental actually pays. There's no homestead exemption, so you pay the full rate. 1) Inner Loop (City of Houston + HISD), 2025 rates per $100: City 0.5192 + HISD 0.8783 + Harris County/Flood/Hospital/Port 0.624...