All Forum Posts by: Chad Baird

Hi Valerie - you need a local corespondent lender (not a broker or bank) to help you if you are looking for a competitive deal with fast closing times. If you are working with a real estate agent ask them for a reference. Another good source for you to search for a lender is Redfin they have a section called open book that allows you see reviews on all venders - contractors, inspectors and lenders. Unlike the zillow reviews these reviews are not controlled by the vendors - Redfin doesn't receive any money from these companies so no influence and you get the real feedback from Redfin's clients.

Good luck.

Thanks for the feedback guys. Any recommendations on who to connect with?

@michael 

@Michael Bowman thanks for the info looking forward to connecting and hearing more. Please send me your contact info. Thanks

What's up with Memphis? Hey BP a friend pointed me in the direction of Memphis and said that it is where I should be looking at my next round of investment properties. What should I expect in Memphis? What cap rates I should be shooting for, price points, appreciation and cashflow are expected?

I live in San Diego and my last round of properties I bought back around the 07-08 time frame were in NC, TX and CA. I'm looking for cash flow on this go around.

Any insight would be greatly appreciated. 

Hi there BP- I'm looking for some insight. I purchased a few properties in the Charlotte area in 07-08 and I'm now in a position where I'm looking to buy some more. I live in San Diego, CA so I'm not familiar with the area outside of my current properties so I'm hoping for some insight on how the market is looking?

What is the best area to be looking in and what kind of cap rate should I be shooting for?

It seems prices are about the same now as they were went I purchased back then (finally recovered) and it seems like some areas are experiencing quite a bit of new development. Any investors care to share their thoughts on good areas to be investing now. Two of my properties are a bit north of Charlotte (Lake Norman area) and the other is a bit east.

My goal in the Charlotte area for investments would be getting properties for Cash flow.