All Forum Posts by: Eric Hyde

Hello hello! I am a new BiggerPockets member and have so many questions! lol I've researched so much lately and love it! My research has led me to look into the Memphis TN market. I'm looking for discussion on the matter, please. I live in California so I love Memphis for so many reasons. Price point, growth, employment, appreciation forecasts (roughly 4%). I'm also debating between a conventional loan (longer process, more hoops) vs a HML. Thoughts? I don't want to rehab a property and would like to buy and hold a rental for under $150K. Memphis appears to have good price/rent ratios.

Thanks in advance!

Eric Hyde

@Ali Boone Thank you for post.  That's encouraging to hear.  I'm researching the different markets and am finding different options that look cash flow "lucrative".  Love this blog, thanks.

@Candace Postell thanks!  That seems to make sense and my research is indicating the same.  Very important.  Thank you.

I love this website...and the forums/blogs!  Thanks for all the feedback everyone.  Keep it coming!

 Thanks Candace...great advice!

Very true!  Thanks!

Thank you for your input.  I actually go to Sacramento a few times a year because I have friends there.  This makes it a little more manageable I believe.  Anyway, thanks again!

thank you Candace! And Andrew thank you as well.  I'll read it after work tonight.  I still live in the state I'd potentially buy...and it's an area I know pretty well.  I just would depend on my mgmt company a LOT!

Hey all - I'm new to BiggerPockets and thought I'd introduce myself.  I live in Torrance, California (Los Angeles area) and would like to invest in income property, most likely duplexes, triplexes, or quadplexes.  My goal is ONE for now.  Seems pretty simple.  However, the problem is home values out here.  I own my primary residence but buying a duplex is too expensive to put 25% down.  I used to live in Sacramento so I'm looking to buy there because I know the area.  However, living 400 miles from my property might have some disadvantages.  I'm looking for some thoughts on the matter.  Any feedback would be greatly appreciated.

Thanks.