BP Newbie

[Elena Jobson]

First off, I just want to say a huge THANK YOU to everyone who posts, replies and shares knowledge on BP!  This is an incredible resource and you guys are awesome.  In my experience, the real estate industry can be very cut throat, it's really nice to see people who genuinely want to help other investors in the their road to success and financial freedom.

Just a little bit about me:  I am a Colorado native, born and raised in Boulder.  I have lived and worked all over the Denver Metro area.  Real estate has been great to me, I have worked in the title and escrow side for over 4 years.  I am a licensed escrow officer working in the Denver Metro area. If anyone has questions related to title insurance, the escrow closing piece, title and conveyance documents, mortgage,liens, encumbrances, easements etc etc, I am your girl.  Keep in mind, there are certain things that vary state to state, and Colorado is where I am licensed and experienced.  

I am very interested in starting to build long term wealth through real estate investment.  I know many of you will say to invest close to where I reside, but my belief is that the Colorado market may not be lucrative enough.  The market is so hot, that the margins are small.  I am primarily interested in buy and hold. Does anyone have any thoughts on this market? 

I am primarily interested in the following locations: Any info on the below markets, turnkey companies, ROI, market trends, ETC ETC ETC is highly welcomed and appreciated.

Texas-  Austin and Houston

Tennessee-  Nashville and Memphis

Louisiana-  Baton Rouge and New Orleans

Florida-  Tampa, Jacksonville

Thanks ALL, I am very excited to be joining the BP Community and I looking forward to getting to meet new people through BP! 

[Bill S.]

@Elena Jobson Welcome. Here is another vote for staying local. I think the biggest advantage is being able to self manage. Self management done right leads to lower vacancy rates and higher profit margins as well as reduced expenses. Now it you are trying to invest completely hands off then investing local may loose some of it's advantages but I think to build wealth Denver is a great place to do it.