All Forum Posts by: James Wachob

@Joe Derobertis Thanks for sharing your journey and the thoughtful approach you’ve taken toward real estate investing. It sounds like you’re diving into this with a solid strategy and an openness to learning, which is fantastic.

I wanted to mention that if you’re looking to explore additional markets, Memphis, TN could be worth considering. It has some compelling attributes for real estate investing. The city offers relatively affordable property prices compared to many other major markets, which can be great for getting good value and generating positive cash flow. Memphis also has a diverse economy and a growing job market, which helps stabilize rental demand.

Moreover, Memphis has a strong rental market with a high percentage of renters, which aligns well with a long-term passive income strategy. The city’s economic growth, coupled with its affordability, often results in good rental yields and potential for property appreciation over time.

Of course, every market has its unique characteristics, so it’s always good to do thorough research and consider partnering with local experts. But Memphis’ combination of affordability and rental demand might make it a promising option to explore as you continue to build your real estate portfolio.

Best of luck with your current investments and your ongoing learning process!

Welcome @Ed Henson! It’s fantastic that you’re exploring new markets and considering different investment opportunities. Memphis, TN, might be worth adding to your research list as you look at potential areas for your investments.

Memphis offers several compelling advantages for real estate investors. First, the cost of entry is relatively low compared to markets like Las Vegas and Dallas, which means you can acquire properties with more favorable purchase prices and potentially higher yields. Additionally, Memphis has a strong rental market with steady demand, which is crucial for single-family and small multi-family investments.

The city is also known for its diverse economy, including key sectors like transportation, healthcare, and education, which support job growth and, consequently, rental demand. Moreover, Memphis’s real estate market has shown resilience and stability, making it a promising location for long-term investment.

As you continue your research and networking, I hope these insights help in your decision-making process. If you have any more questions or need further information about Memphis or other markets, feel free to reach out.

Best of luck with your investment journey!

Welcome @Natalie Johnstone to the world of real estate investing! It’s exciting that you’re setting goals to buy a property by the end of the year.

I hear investors say all the time that they’d love to invest but find it too expensive in their local markets. The Bay Area, in particular, can be daunting due to its high property prices and competitive landscape. For those looking to invest out of state, Memphis often stands out as a top choice.

Since you’re comfortable with minimal cash flow and have strong W2 jobs, focusing on asset growth is a great strategy. Memphis can provide an excellent platform for that, with its combination of affordability, rental demand, and landlord-friendly environment.

If you have any more questions or need further guidance, feel free to reach out!

Welcome to BP @Cory M.

Your approach to starting with a single-family or duplex and gradually scaling up is sound, and focusing on cash flow and maintaining reserves is a prudent strategy. It’s also wise to keep debt management in mind as you scale—balancing between leveraging opportunities and maintaining financial stability is key.

If you have any specific questions or need further insights into the Memphis market, feel free to ask. Good luck with your first property, and here’s to many successful investments ahead!

Memphis holds a lot of hidden investment opportunities. I'd like to be your go-to contact for anything REI in Memphis.

Hey @Guy Keren, 

You can get a new construction for a PP of $150k - $200k in Memphis, TN. Please DM me if you'd like to get some information about those properties. I'd like to be your go-to contact for anything REI related in Memphis.

Hi Christine, for a successful out-of-state investment, carefully research and select safe, high-demand neighborhoods in Memphis or Columbus, consider the potential benefits of duplexes for better cash flow, and engage a reliable property management company to handle local operations efficiently. I'd like to be your go-to contact here in Memphis, TN for anything REI related.

Memphis holds a lot of hidden opportunities. I'd like to be your go-to contact for anything REI related.

Memphis, TN holds a lot of GREAT hidden opportunities. I'd like to be your go-to contact for anything REI related.

There's a lot of hidden opportunities in Memphis, TN. I'd like to be your go-to contact for anything REI.