Memphis, Tennessee

[Chris Williams]

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

[Chris Williams]

Alex Craig I do plan on living in the quadplex initially as a way to get better financing, and also as a way to pay myself rent instead of someone else. I will definitely be speaking with Douglas Skipworth and his connections to create a solid financing plan.

As for the BRRRR method, I probably won't be doing that off the bat. My new profession will be very demanding, and while I will have time to deal with issues that arise, I will not have the flexibility in my schedule to address issues as responsibly as I would like. As such, I'll be looking to leverage a turnkey operation, which fortunately Memphis has some great options, to provide systems and allow me to pursue my dream.