All Forum Posts by: Jason Ayala

Hi Lee,

As an out of state investor, I'm interested in investing in SWFL and would love to attend if you're able to stream the meetups online.

Keep me in the loop and let me know how you plan on proceeding!

Thanks!

Hello,

I'm currently an OOS real estate investor and manage a small portfolio. I'm considering Memphis to start investing in, in order to diversify. The end goal is to BRRRR multifams on a larger scale, but I'd like to start smaller - say 6-10 doors.

Ideally, I'd like to: 

1- purchase something a little more turnkey while I build my team 

2- increase the NOI by renovating a couple of units here and there and manage expenses more diligently

3- Total cash on hand is ~$1.2m, although I'd prefer not to use it all at once.

4- The idea is to either buy with cash to try to secure a better price. Then rehab, and refinance, with the goal of building enough equity so that I can refi all the cash back out.

Or 

Use a traditional lender, put down 10-20%, and try to build enough equity by increasing the NOI, so that I can go back to the lender a few months later and refi the original down payment back out.

5- I'm not too familiar with Memphis, but I'd prefer to invest in areas that are gentrifying (ie: going from a C ->B), or find a mismanaged property in a C+ to B area that's already built up.

If anyone can recommend some neighborhoods, and zip codes, I'd greatly appreciate it.