Wes from Memphis, TN

[Wesley Read]

Hello BP! Real Estate has always fascinated me since I was late into my high school years. I have owned a few homes only one rental but there came a time where I moved away from Memphis and honestly didn’t know what to do when the tenant moved out so I sold. (I wish I would have found this site at that time) Since finding BP I have been obsessed with the amount of information available. I have been listening to tons of podcasts and reading the forums. I have a good 8-5 type job that pays me well. I feel now is the time to start investing in real estate.

My goals are more along the buy and hold lines than flips. Honestly flips scare me because I don't know a ton about doing the work myself and there are quite a few bad contractors in our area. Memphis is a great place to invest and I keep hearing that but I don't have the cash to drop on a purchase right now. My wife would not be thrilled with emptying out the savings. I have looked at hard money lenders, HELOC, and taking a loan against my 401k. I have around an 800 credit score and not too much debt.

I’m currently searching for my first deal in the Memphis area by the end of the year just want to get my finances in place first which should be done by the end of July. I hope this isn’t too long just wanted to quit lurking and actually jump in.

Wes Read