All Forum Posts by: Garrett Crosby

Hi Everyone, 

Thanks for the responses! The property is located in Memphis, TN. I'm not to familiar ith the area other from doing some research on good property investments. If I were to move forward on this, my plan was to contact an agent out there (via BP), and maybe get someone to go walk the property to see what we are getting into. There's no doubt about it that the first time you do something like this, it's scary. I can see how it gets easier once you realize you took the right steps to execute. 

@Stephen Brown, judging off the look and pictures, do you have any guess of what rehab costs would more-likely look like? Or is it one of those things that really require a walk-through? 

Since I'm OOS, I'm extremely new to what steps are needed to get homes under contract quickly. I assume at that point, I could have an inspector (or even the agent perhaps), do a more thorough walkthrough to see what I'm getting into potentially before I sign the dotted line. 

I guess my biggest insecurities right now are finding the best ways to move forward once you "think you have a potential deal". 

Appreciate you all. Thanks for the support! 

Garrett

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Hi everyone! First-time post and first-time real-estate investor here. Several months ago it dawned on me that passive income would change my family's life. I'm nearly 32 years old married with two young kids. We live in LA, California - and as you can imagine, the house-buying situation has been a discouraging process given how expensive it is out here. I've worked very hard in my life, stayed loyal "working my way up" to an executive-level at my job, but no salary was enough to save and invest in a home... that is, of course, until I realized the prospect of investing in properties outside of our state and building a portfolio that could provide passive income streams while building equity. 

My strategy changed and I began investing in the stock market, cryptos and diving into day trading - but after learning about real estate, I'm starting to see the real potential in increased ROI. I'm a hustler by nature and began reading as much content that I could. After attending last week's seminar on "how to invest in multi-family properties", I'm more motivated than ever to start the process.

Anyway, posting one of the last 15 analyzed deals here to get your feedback. Also, would love any tips or tricks you have to quickly account for more accurate information when it comes to inputting numbers. (Insurance rates, property management % rates, utility expenses). Also, wouldn't hurt to hear your thoughts on locations that offer great deals if you have any suggetsions. 

Thanks so much!