All Forum Posts by: James Wachob

Hello @Minnina, before diving into rental property investing, it's important to educate yourself and gain a solid understanding of the market and property management. Make sure to conduct thorough due diligence on the areas you're interested in, including neighborhood dynamics and the condition of the properties you're considering. Partnering with a strong team—such as a knowledgeable realtor, property manager, and reliable contractors—will also be key to your success. Starting with a property that is either new construction or turnkey that offers positive cash flow is a smart strategy.

Feel free to reach out if you have more questions!

Welcome @Omer Peled, Memphis TN holds a lot of GREAT opportunities! Please feel free to reach out if you have any questions. 

Hi @Shelby McKean, One of the best things about turnkey properties is that they really take the hassle out of ownership. They come fully renovated and often have an in-house management in place, so you can sit back and enjoy the passive income without worrying about repairs or dealing with residents in the middle of the night. Although it's not always a guarantee, many of these properties already having residents at closing, so you can start earning cash flow right away.

All in all, turnkey investments offer a fantastic mix of convenience and solid cashflow. If you’re curious to learn more or want to chat about it, let me know!

Welcome to BP @Craig Bowman!

Memphis holds a lot of hidden opportunities for out of state investors who are looking to build a solid rental portfolio. Please feel free to connect with me if you have any specific questions. 

Hello @Richard Wilkinson,

First off, the rental market here is booming. With a growing population, there’s a steady demand for rentals. You can snag solid single-family homes or even duplexes for a great price, which is perfect for cash flow.

The job market is strong too, thanks to big players in logistics and healthcare, so you’ll find reliable tenants. Plus, neighborhoods like Midtown and South Memphis have some fantastic opportunities that just need a little TLC.

On top of that, the cost of living is low, which means lower taxes and maintenance costs—great for your ROI! With all the revitalization happening in the city, property values are likely to rise.

Let me know if you want to dive deeper into this market!

Memphis holds a lot of great opportunities for out-of-state investors. I'd love to be your go to person for anything REI related in Memphis, TN.

Hello @Shelby,

Turnkey is always a great option for new and seasoned investors as it requires minimal time and effort, as they come fully renovated and often with residents in place. If you have any questions, please feel free to connect. 

Hello @Artiom Bic,

Absolutely! Section 8 is a fantastic program, and we love working with them. Memphis is a strong market with a growing demand for Section 8 housing. If you have any other questions or need further guidance, feel free to reach out!

Welcome! Memphis holds a lot of hidden opportunities! Please feel free to reach out if you have any questions. 

Hello @Felicia West,

The BP calculator or any algorithmic calculators for that matter aren't going to provide that kind of accuracy that you could hope for, however, if this tool is married with raw data from PMs that are actually managing rental properties in the market that you are investing in, then it could be very useful in making projections, but it's not end all be all. It's imperative that you partner with someone who understands the market and has tons of experience in leasing/selling investment properties. If you'd like to learn about the Memphis market, I'd love to connect and be a source of great information for you.