All Forum Posts by: Fletcher Caulk
Fletcher Caulk has started 10 posts and replied 25 times.
Post: New Member - Looking for Feedback
- Real Estate Investor
- Fairfax, VA
- Posts 29
- Votes 5
Thanks for the tips guys!
Post: New Member - Looking for Feedback
- Real Estate Investor
- Fairfax, VA
- Posts 29
- Votes 5
Originally posted by @David Brizendine:
@Fletcher Caulk Welcome to BP.
Are you only looking to build your wealth in TN? When was the last time you've been back to LA to see all that is going on? Many of my clients from Google, Snap and others are currently buying in Playa, Hawthorne, Inglewood and other up and coming areas.
@David Brizendine I'm looking to start out in lower cost markets that can easily start cash flowing while we're near the top of the market (at least that's what I can gather), I don't think I'd look back in LA until there is a major dip in the market.
Post: New Member - Looking for Feedback
- Real Estate Investor
- Fairfax, VA
- Posts 29
- Votes 5
Originally posted by @James Wachob:
@Fletcher Caulk what area of town are you considering?
@James Wachob I'm not focused on any one area, looking for homes in the $80-100k range.
Post: New Member - Looking for Feedback
- Real Estate Investor
- Fairfax, VA
- Posts 29
- Votes 5
Originally posted by @Curt Davis:
no need to sit on a waiting list. There are several quality local providers in our market who would be happy to assist you.
@curt Davis I have looked at Memphis Invest and Reedy & Co... Scheduled to talk with Memphis invest in a couple weeks. Do you have any experience with either, or have any other recommendations?
Post: New Member - Looking for Feedback
- Real Estate Investor
- Fairfax, VA
- Posts 29
- Votes 5
Hi,
I just joined Bigger Pockets recently and figured I'd give a snapshot of my situation for comments/feedback.
My wife and I currently own a townhome in Culver City (Los Angeles, CA), which we are renting out now that we moved to the DC area. We are taking a slight loss each month, but the appreciation so far has made it worth holding onto and the rental rates have risen fast enough that we should be cash flowing within two years. Additionally, it is 1.5 miles from the Playa Vista area, where a lot of tech companies are starting to move to and build a "Silicon Beach" area. The current strategy for this property is to hold and rent to see how that area appreciates / generates rental income.
I work full time and am interested in building a real estate investment portfolio, and since my free time is limited I'm looking to start with 2-4 turnkey rental (SFH) properties followed by finding some 2-4plexes on my own (probably 3-4 years from now). I'm currently on the waitlist with Midsouth Homebuyers in Memphis, TN to purchase a turnkey property, partly because a friend has worked with them and is happy with their services and also because I'm from there and still have parents living there.
I'm open to comments on my strategy and tips for getting started in investment rental properties, which markets are friendly for new investors with smaller amounts to invest, good turnkey companies, and good ways to build a team for investing from a distance.
Fletch