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Updated over 4 years ago on . Most recent reply
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And the adventure begins.
Going to write this post in bullet format for ease of organization...
Wife is an emergency physician. I am a contemporary cabinetmaker. We have two children (age 3 and 6)
We are going to start investing into the rental market after we see what the corona virus aftermath is, it may never be 100% clear - however we will invest when things are a *little* more stable.
We have $200,000 / year of liquid equity we will be able invest, per year, for the next 3-5 years. Any returns will be reinvested.
We have looked at Memphis Invest (ReiNation) to start out, and diversify in different types of properties thereafter.
We live in Nashville (3 hour drive). There seem to be plenty of available homes there with not much work needed that are in B neighborhoods.
We do not want to be hands-on and would rather have a management company handle the micro-managing so we could macro-manage our portfolio. After all, our brain is only capable of making so many decisions per day.
I am able to build and install brand new (very nice) kitchens (10' x 10' x 6' island) for $2,900, which is my cost, and can ship anywhere. I am a skilled painter and drywall installer as well. We're not certain how that could help *a lot* or maybe not-at-all, but I believe, through no evidence other-than my gut, that beautiful cabinetry will attract renters quick and create a delightful rental environment.
...Anyway, Just wanted to take a few moments to introduce ourselves - without getting too detailed.
I look forward to writing about our experience with ReiNation, perhaps through a residual blog.
We are both excited to meet new people and learn/produce as much as we possibly are able.
Thanks for reading!
Michael & Alessandra