All Forum Posts by: Allie McAlister

@Peter Vercellin  

Welcome to BP and congratulations on your first steps. Looks like you're definitely headed in the right direction. What market are you getting started in?

Best of luck!

Hi @Zeina Awad

What are you looking for when you are choosing potential investment markets? Are you looking for low entry point, higher cash flow, better appreciation, etc?

Happy to help!

Hey @Byoung Bae

Welcome to Bigger Pockets. 

1. If you are looking for 1% rule properties, you need to be looking markets with lower entry points relative to cashflow. For instance, there's a ton of properties that I source for my clients here in Memphis that can be anywhere in the $80,000-150,000 that will cash flow at the 1% rule. Now, of course not every single deal in Memphis will rent for the 1% rule, but we still consistently see these kinds of properties in this market. 

2. As far as vacancies go, everyone budgets differently for that. If you're asking for my option and you want to play it safe, budget for 10% vacancy. That can be considered high, but will give you some wiggle room. And yes, if you are out of state, you will be leaning on your property management company to screen these clients and help mitigate vacancies. That's one of the reasons why finding a reputable property manager is vital to your business. 

3. I'll tell you how we do it here at CrestCore, and this is the case in many situations. You find a Realtor in the market you're looking in and you should be able to lean on an investor-focused Realtor for property management, lender, and contracting contacts. Personally, I provide my clients with trusted companies in each of these sectors that we've been working with for years, and even utilize personally. 

Hope this helps, and good luck as you get started.

Hi @Ken Almira

Welcome to BP! You're in the right place to connect with everyone you need to start you REI journey off the right way. What area(s) and strategy are you focused on?

Best of luck!

Hi @TJ Dittmar!

Welcome to BP. Are you currently investing in your hometown or are you looking at out of state markets? Here to help with nay questions you have on starting out. 

Best of luck!

Hey @LaShon Evans!

Welcome to Bigger Pockets. 

I would 100% recommend that in whatever market you choose to invest in , that you form a relationship with a good property manager, as that can make-or-break how well your LTR goes. 

If you're still shopping markets, I'm happy to set up a call to discuss how Memphis could be a good fit for you depending on what strategy you're looking to implement. I only work with out of state investors like yourself to find great deals in this market and I have some great property management teams to refer to you.

Best of luck!

Hey @Ben Callahan

Memphis offers some great options for first time investors like yourself. I'm happy to set up a call to discuss how Memphis could be a good fit for you depending on what strategy you're looking to implement. 

I exclusively work with out of state investors like yourself to help them find some great properties to start/build onto their portfolios in the Memphis market. 

Happy to help!

Hey @Brian Jackson, 

Glad I found you on here! All 3 of those big ticket items that you're looking for can be found in the Memphis , TN market. I work with a ton of California investors that have entered the Memphis market due to 

1. Great cash flow

2. Better tax implications ( you can find properties in some areas without city taxes completely! ) 

3. Landlord friendly 

I'd be happy to connect with you and go into detail on how each of these have shaped Memphis to be a great rental investment market. 

Hope this helps!

Hi, @Juliann Morala

Welcome to Bigger Pockets! 

Having a solid GC to lean one as you start your first BRRRR project is going to be crucial to your success. If you are exploring Memphis as a potential market to complete your first BRRRR, I'd be happy to connect you with my amazing GC with Triumph Construction. I'd also recommend you have a good relationship with an investor-focused Realtor that can connect you with a solid Property Management company, etc.

Happy to help and best of luck!

Hi @Ivan Castanon

Have you explored out of state investing options? I have many FL clients that have changed markets to Memphis because of the lower taxes, higher cash flow, and lower entry points.

I work with out of state investor clients every day that cannot make deals work in their current markets, so they've moved to Memphis. Happy to connect and discuss how Memphis could be a good fit for you. 

Hope this helps.