Aspiring Real Estate Investor in Memphis - Introduction Thread

Aspiring Real Estate Investor in Memphis - Introduction Thread

Homeowner · Germantown, TN · Member since 2012 · 7 posts · 0 votes

Hello biggerpockets.com community! My name is Monica and I am joining because I am interested in investing in real estate in Memphis, TN and the surrounding areas.

I have always had a passion for real estate but I decided to pursue a conventional path to provide for my family. I am a Sr Engineer in the medical device community now and recently acquired an Executive MBA from the University of Memphis. I am more eager than ever to finally follow my dream and enter the real estate investment and management arena. I currently manage one property that I own and am rehabbing a family owned property that will be on the market soon.

I have had much success in my professional career thus far and that is due in large part to a wonderful network of mentors and colleagues. My main agenda for now is to seek out relationships in Memphis and to learn more about the market here. I want to do my diligence to investigate and make sure I have what it takes to be successful in long term real estate investing. My family is rooted in Memphis and I am passionate about the success of Memphis. I have participated in many local events to work towards creating a better city. I invest my time and money in Memphis and hope to play a bigger part in Memphis' comeback. I know that my knowledge, experience managing large projects and budgets, and drive to succeed will enable me to be a positive contributor to the real estate investing community.

It appears that there are several REIAs in town and I am unsure of where to begin. I am considering just showing up for a few local events to see what is happening and hopefully meet new people that can help me get started. I would love to find someone willing to invest some time in me and help me get my real estate career started in Memphis. I am a leader in what I do now but I am a humble eager learner who is always striving to learn, know and do new things. I know every newbie is looking for a mentor but I hope I am willing to convince someone that I am worth their time!

That's all for now. I am looking forward to my real estate investing future and coming to know you all.

Monica

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  • Lexington, KY · Member since 2009 · 2k+ posts · 1k+ votes
    13y

    Welcome to Bigger Pockets Monica, and great introduction. Like you, I am also passionate about the place I invest in, and I think that can be beneficial to your future success. I believe you have taken an excellent path to start real estate investing by having another career and education to fall back on and provide funds for which you can invest. REIAs can be a great place to network and learn more about your market, strategies that are/are not working, and get referrals, but all are not equal. I would do exactly what you said and check out several to see what they have going on. Also, gauging from your intro it sounds like you would have a lot to offer a potential mentor, which is more than many people can say, so I doubt you will have trouble finding someone who is able and willing to help you get started.

    Again, congrats and welcome to BP. If you haven't already, scour the forums and blogs to find answers to the many questions you will likely have as you continue to learn more.

  • Homeowner · Germantown, TN · Member since 2012 · 7 posts · 0 votes
    13y

    Thank you for your response James! I am sure I will be up late tonight scouring the blogs and forums. I appreciate your encouragement on the mentor topic. I believe I bring something valuable to the table with my experience and skill set. Hopefully others will believe that too! I would love nothing more than to get started "on the right foot" by working with and learning from someone who knows what they are doing!

  • Real Estate Agent · Milwaukee County, WI · Member since 2009 · 3k+ posts · 525 votes
    13y

    Welcome

    Do a search for @James Martin or @Chris Clothier threads

  • J ScottPro Member
    Moderator
    Investor · Sarasota, FL · Member since 2008 · 17k+ posts · 17k+ votes
    13y

    Welcome Monica!

    I would start by reading through the forums, deciding which real estate path is most appropriate and interesting for you (rehabbing, landlording, wholesaling, notes, etc), and then start digging in a little deeper.

    And I would definitely recommend starting to attend local events and REIA meetings to network with other investors in your area.

  • Homeowner · Germantown, TN · Member since 2012 · 7 posts · 0 votes
    13y

    Thanks for the feedback guys! I am researching as much as possible and looking up local events to attend.

  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    13y

    Welcome Monica Burt! You are definitely doing the right thing by reaching out and learning from those who have come before! Also I hear Memphis is an incredible place to invest. You'll do awesome Monica!

  • Homeowner · Germantown, TN · Member since 2012 · 7 posts · 0 votes
    13y

    Thanks for the encouragement Brandon Turner! I am focusing on research right now and finding local REIA meetings. I am excited to be getting started!

  • TN · Member since 2012 · 12 posts · 0 votes
    13y

    Hello Monica,

    Welcome. I enjoyed reading your post and like you I am from the area. Much Success to you!

  • Chris ClothierBusiness Member
    Rental Property Investor · memphis, TN · Member since 2009 · 2k+ posts · 3k+ votes
    13y

    Monica Burt Welcome to BiggerPockets! Always love to see fellow Germantown residents getting involved in real estate. Don't hesitate to look me up and ask any questions you may have not just on real estate in general but on the BP site as well. This is a fantastic resource and in my opinion, infinitely better than local REIA's - especially if you are looking to network with individuals who are really getting their hands dirty and actively investing. Jump into the site and get involved. It can do wonders for your knowledge and confidence as an investor.

    All the best - Chris

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