All Forum Posts by: Derrick Craig

Hi @Carla Patterson 

Welcome to BP!

@Account Closed 

I would look into Houston as well better Cash flow and pretty decent appreciation..

Good Luck investing

Buy the food and move on less headaches for you in the long run trust me!!

@Christopher R. 

I always look to invest close to home.. But if you have dependable people in the areas you are looking at investing in then I would go for it especially if they are family members.

@Darren Anderson 

Welcome to BP!! Check out the podcast on here they are really good and will help you in your learning curve, also if you have time read the book Rich Dad Poor Dad it is an awesome book for new and experienced real estate professionals. Keep me posted on your success if you need anything I am just a call away.. LOL!!

Thanks

Derrick

Hi @Rachael Collins Welcome to BP!! We are glad you joined!!

@Andreas W. is absolutely correct!! I hope and pray that you were still within your due diligence period and the title attorney will be able to explain this to you and he signs and returns your earnest money. 

Good Job @Taylor Reichert 

Get prepared to go inside the property don't get to nervous about what you see..LOL!!!

and I would look to do section 8 in the property... There is nothing like the feeling of guaranteed income each month but it's not that easy because you are going to have to make visits or have your property manager make visits over to the property is kept up well. Sometimes they can be a little rough on properties NOT all the time!!!

Good Luck

@Thomas Young 

Welcome to BP!!

@Jean Paul Rousseau 

Bonjour!! That's as much as I can remember from French Class in High School... Memphis and Birmingham are very similar as far as Real Estate investing and Crime.  Both cities are great Buy and Hold locations not great if you looking to flip or make a huge profit from appreciation in 1-3 years. In some cases it takes more than that..

The location you invest in is not that big of a deal to me... It's more of the people that you will have to manage the property or purchase from I would concentrate on. I would suggest do your own due diligence (Google, Yahoo, local searches) to find out about each company/people you decide to do business with just as I am sure you did with your 2 investments properties in Atlanta.

Your questions:

Is investing there a good idea ?

Yes, investing in either city is a great idea, as long as you invest in the right team that you can trust!! Regardless of the population decrease and high crime.

With a 200 000 $ budget, should I buy two houses 100 000$ each or three houses 66 000 $ each?

You should evaluate your current portfolio and decide... It's like investing in stocks, bonds, or mutual funds each has its own risk and rewards. Here are a few examples are you looking for high or low appreciation, cash flow, low or high crime areas, low risk or high risk, low return or high return, big company or small company, buying in with a lot of equity already in the property or buying at retail with little to no equity in the property..etc etc etc the list goes on and on and on.

Do not rush into anything...Take your time do your research...

La vérité vaut bien qu'on passe quelques années sans la trouver.

By: Renard