All Forum Posts by: Jordan Ray

Hey Gladys! Congratulations on starting your journey as a real estate investor and looking into other markets to see your options! I know alot of out-of-state investors are looking into other market for reasons like cash flow, section 8, lower price point, landlord laws, higher ROI's and all the other factors you could imagine that would make real estate investing seem like a great idea! Personally, I invest in Memphis, TN for 2 reasons: 1) I believe it is the best market for real estate investors for all the factors mentioned above. 2) I live here and if investing in my own backyard of Memphis is a great idea, why would I go anywhere else?... I definitely have a biased opinion on our market here. I would love to have a chat with you on the pros & cons of investing in Memphis and why I see it this way, feel free to reach out! Talk soon!

Great stuff! Your a very knowledgeable VA in the Memphis market, do you cold call for investors or work for real estate agents?

Hey Audric! Thank you for your military service! I also am military and still serve in the TN Army National Guard at the rank of Staff Sergeant and have been serving for 8 years with 1 deployment overseas. Lucky for you, I am knowledgable on military & investor related topics and its cool that this is a hybrid question. As far as your VA loan goes, I do think you will need to have a steady source of income on a W2 for at least 6 months right now or 2 years tax returns if your an entrepreneur.. unless you can manage to get your disability rating then you might qualify just based off your awards letter. On the topic of your house hack, it will make the most sense to house-hack with a duplex, triplex, or a quadplex as it might be more difficult to explain to a VA lender that you will be house hacking (Sharing or renting out rooms) on a VA loan with a SFH. Memphis might be a great market for you to try out a house hack because it has plenty of multi family properties that are move-in ready between $100K-$200k. Let me know if I can help you in this market and let me know if you would like my VA lender contact, talk soon!

That's awesome Robert! 

Definitely agree!

Thank you, I seen it come through. I will call you in the morning sir.

I think 38127 can be a great area to invest! It's not my personal favorite and I don't focus in 38127 for my own investing but I know the area and have helped my clients acquire some deals here and they seem to love the zip code! Goodluck investing and let me know if you need help with anything!

You should check out Patrick Burleson with RiverTown Realty. shoot me a DM and I can send over his contact info. They manage over 650 rentals in Memphis with very low vacancy rates and they are treating the tenants well.

Hey Aaron, be sure to find you a good partner/mentor/agent/etc to help you with the whole process from starting your LLC all the way to the cash hitting your bank account. You will need boots on the ground and someone that can give you personal experience for you to grow your portfolio and also be your go-to for connections locally. I specialize in investors & also self manage my own portfolio of rentals and it does really well, this experience helps me connect you to the absolute best property manager in Memphis since I know how its done. There are way to many PM's not getting properties rented and they are staying vacant, there is also way to many rentals being rented less than market rent to get a "quick tenant" causing investors to lose money, you will also need that PM to be completely productive and quick to the applicants and also not trying to incentivize off of your property needing repairs. Having a good real estate investor connection is super important in Memphis to make sure your not losing money when it can be avoided by a trusted partner. I look forward to your reply, talk soon!

Hey Amby, I don't believe the Ai super computer alone will spike up demand in Memphis due to the fact it will have a limited # of jobs (Around 200 or so) which is not really alot. However, there is alot of new developments in the area to include the Ai Super Computer, Bucce's gas station (This is national traveler attraction), the Blue Oval, and also lots of other developments but these are the recent highlights. I do believe the combination of these developments alone will bring in some good appreciation and maybe even help with increased rents. This is of course all speculation but Memphis is always a great market to invest. Hope that answers your question. Let me know if you need any help investing in Memphis! Talk soon!