Updated over 4 years ago on . Most recent reply
Memphis, Tennessee
Hello BP!
I'm Chris Williams and I'm obviously new to the real estate community. I previously lived in Memphis for four years before moving away to go to law school, and I'm now on the verge of moving back after I graduate. I've always wanted to own real estate as a way of building wealth, but coming from nothing it has always seemed like a pipe dream. However, the last few years have taught me that anything is possible and it is now time that I pursue my dreams and find a way to make it happen.
While I don't have any real estate work experience, other than property law 101, I'm also an engineer. As such, analyzing a situation and accounting for variables to determine positive cash flow (Math!) come pretty naturally to me. I'm currently about ~40 episodes into Brandon and Josh's podcast, and at this point feel like I have a decent grasp on the basics. I am starting to get antsy and want to get into the field and start making some mistakes.
As far as a business strategy, I will be primarily focused on building systems to create passive, and hopefully positive, cash flow. I'll be looking for buy and hold rental properties in locations that make financial sense. I think my first purchase will use an FHA loan (or some variant thereof) to buy a quadruplex in the central gardens area, but that is only my current line of thought and I'll try and be flexible if another opportunity presents itself.
Anyways, that's me in a nutshell. If anyone has any suggestions for how I should spend my idle time between now and May to further educate myself and prepare for what I hope is the best full-time hobby any person could ask for. I'll be all ears. - Chris Williams
Most Popular Reply
welcome to BP! Tennesse fascinates me, would love to get down there and involved in that market sometime, good luck with everything! Keep us posted on your success!!