All Forum Posts by: James Wachob

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.

Hello @Tanner Sortillo,

They could look at picking up two properties instead of just one—maybe a new construction alongside a turnkey property. This way, they can diversify their investments and spread out the risk a bit.

If they’re ready to jump in now, they might find some solid deals before the new year. 

Please feel free to reach out if you have any questions.

Hello @Deal H., 

Congratulations on reaching the point where you’re ready to make your first real estate investment!

When it comes to choosing between a turnkey property and a fixer-upper using the BRRRR strategy, it really depends on various factors, including your market conditions and where you are in your investing journey. Both approaches can be effective, but they come with different sets of considerations.

Turnkey properties are often a safer choice, especially for those just starting out. These properties are usually fully renovated and rented out, providing a more predictable and hands-off investment experience. Given the current market conditions, new construction and turnkey properties tend to offer a more stable and lower-risk entry point into real estate investing. This can be particularly advantageous as you’re learning the ropes and gaining experience.

On the other hand, the BRRRR strategy—Buy, Rehab, Rent, Refinance, Repeat—can be a great way to build wealth and leverage your investments once you're more comfortable with the process. While it has the potential for higher returns, it also involves more risk and requires a deeper understanding of property management and renovation.

Feel free to reach out if you have any more questions or need further guidance. Best of luck with your investment journey!