New Member from Madison, MS

[Jackson Jordan]

Hello BP! I am interested in getting started in REI in Mississippi particularly in rental properties. I currently work for an IT company and seeking to invest in Real Estate on the side. I live in Madison, MS and would like to get started in this area, but not sure what areas of the greater Jackson, MS area I should get started in. I have started looking at properties online in Fondren, Belhaven, and near the Ross Barnett Reservoir. I have also thought about investing in properties near state universites such as Oxford, Starkville, and Hattiesburg. Any advice on where to get started would be greatly appreciated.

[Warren Helmer]

Hello Jackson

I bought my first Mississippi property in Brandon in Bellgrove, and I am focusing on the areas that you mentioned, plus Madison and Ridgeland. I can give you an update in June as to how it is going. The rental rates are great, but the foundation issues are a pain.  Find a realtor that you trust, and let them know what you are looking for. Find a property manager or 2, or 3, and find out what they offer and how they work, research the markets, do lots of drive-bys, and dive in.

I am very interested in meeting people in this area and teaming up if possible. I know that I have a lot to learn, but I am not afraid to pull the trigger and get things done. So if you ever want to bounce questions off of each other, or discuss any real estate issues, reach out to me. 

This current property has been a great learning experience for me. I've been working there every night after my "real job", and I've learned that I am capable of doing so much more than I've been doing. These are exciting times, so I encourage you to get investing. As the Real Estate Guys say, "Go make equity happen".