All Forum Posts by: Allie McAlister

Hey @William Miller

Good for you being willing to learn and adjust as you're finding out more about what a long-term investment mindset looks like. I'm an investor-focused Realtor in Memphis, and my clients employ the BRRRR strategy constantly. There's always more to learn!

Dean Harris and our broker, Douglas Skipworth both own a lot of single family investment properties in Memphis and host a bi-weekly podcast that dives into many investment topics, one of those being the BRRRR strategy. I can send over a link to one of those podcast episodes if that would be helpful.

Best of luck!

Hey @John Russo

Welcome to Bigger Pockets! What markets are you taking a look at? I'm an investor-focused Realtor based in Memphis, TN and we regularly see properties that are meeting the 1% Rule or above and producing positive cash flow. You may be in a market with too high of an entry point to rent ratio, and may want to redirect your attention to markets like Memphis if you're focused on cash flow. 

Happy to dive further into this with you. Best of luck!

Hey @Juan Lopez

Welcome to Bigger Pockets! You've got the right idea on building a great solid team in your out of state market(s). I'm a Memphis inventor-focused Realtor and we emphasize building your team in order to be set up for success. CrestCore has built a great team of Contractors, lenders, inspectors, title companies, and property management companies that are all accustomed to working with our out of state investor clients. 

I'd love to connect and see if our team would be a good fit for you. 

Best of luck!

Hey @Bo-Yu Chen

Welcome to Bigger Pockets. Best of luck with your Philly BRRRRs! I'm an investment Realtor in Memphis, TN and we are seeing great BRRRR opportunities every day. My biggest tip as you get started is to build a solid team of property management, lender, Realtor/ wholesaler, and GC contacts as you get started.

Your GC will be especially vital with a BRRRR deal.

Cheers.

Hey @Olivia G Gonzalez

Other than having one Realtor and a couple of Wholesalers that are sourcing you deals, make sure you have checked out the off-market Facebook groups for properties in your target market(s). There are more Realtors and Wholesalers on those groups, and you may be surprised how many opportunities than you find. 

The more people you have sourcing properties for you, the better!

Hope this helps. 

@Justin Dalton

Welcome to Memphis investing! I'm an investment-based Realtor here in Memphis and we have a whole team built for our out of state investor clients to build their portfolios. 

On that note, make sure you have a great GC, property management, and local lenders if you're not paying in cash. If you have a good team built and a trusted Realtor that is sourcing you solid deals, you'll be off to a great start!

Happy to connect if you'd like to take a look at some of the properties that we source for our out of state clients. 

Hey @Michael Santeusanio

You're in the right place for investment guidance! I'm based in Memphis, TN and partner with lenders that are able to fund lower-entry point properties. We are seeing flip opportunities anywhere from $40,000-$150,000 in our market and it can be tricky to find lenders that will fund those lower entry point properties if don't have a good team built. 

What are the specific issues you're running into? If it's specifically lenders that have a cutoff on financing above the purchase prices you're looking at, I'd encourage you to reach out to investor-focused agents in the markets you're investing in. A good agent should have at least a couple of lenders they've partnered with on lower-entry deals and can get you connected with the right team. Private money could also be a great option for these kind of challenges you may be running into with your typical residential lenders that are funding deals for owner-occupants. 

Happy to expand further if that helps. Best of luck!

Hey @Christopher Ramirez Babinski

Welcome to Bigger Pockets. There is no one size fits all answer to how long it takes to find the right property for your first BRRRR. This depends on the team you have built that is helping you source these deals. I'd recommend to join local Facebook wholesaler groups and/or connect with a local investment focused realtor in your target market(s) that can help you source both on and off market deals. The wider net you cast, the more fish you catch.

I'm based in Memphis and even with our lower entry point for BRRRRs, it's still extremely important that you have off-market connections to source discounted deals. This is where I find the majority of opportunities for my out of state investor clients. 

Good luck getting started!

Hey @Devvrat Kumar

We have some great relationships with local wholesalers here in Memphis, and have quite a few properties that are available now. We source these deals, run the numbers on them, and then send them to our out of state investor clients. 

Happy to get you setup on our mailing list if you'd like to take a look at some of these properties. 

Hey @Lawrence Mitchell, 

Great Question! Here are some numbers to take into account when evaluating a property to see if it will produce positive cash flow. 

1. Gross Monthly Income ( If currently occupied, or projected gross monthly rent if vacant ) 

• Rent ( from all units if multifamily )

• 2. Operating Expenses

Include estimates for:

Property taxes

Insurance

Property management (if applicable, and I would reccomend budgeting 10% of monthly rent for this fee )

Maintenance/repairs

Vacancy allowance (typically 5-8%)

HOA fees (if any)

Capital expenditures (CapEx – reserve for big-ticket items like roof, HVAC)

4. Debt Service ( Mortgage Payment if the deal is financed )

• Principal + interest (monthly)

Side note- A good rule of thumb to start with when evaluating properties is the 1% rule (monthly rent ≈ 1% of purchase price) for quick screening — but always run the full numbers above for an accurate picture.

Hope this helps! Best Wishes!