All Forum Posts by: Jordan Ray

Hey everyone, I’m a new investor ready to get my first deal and wanted other opinions on several different directions I could go with my first purchase.

My Goals: start out with a focus on LTRs with SFHs, self-managing and beginning locally in Memphis. I would like to have at least a couple properties before moving out of state that will at minimum break-even on cash flow as a LTR with property management long-distance.

Other info:

• Looking to move out on Memphis with my wife in the next 2-4 years
• Looking to start a family in the next year or so
• Comfortably have ~50k ready to invest sitting in HYSA, excluding Cash reserves
  • Have an extra ~$70k in stocks
• Most interested in A- to C+ neighborhoods
• I currently own & live in a 2/1.5 Condo locally (3.5% interest rate)
  • Not allowed to rent it out
• HOA fees have risen to where PITI + HOA = $1100/mo.
• Have ~$100k trapped equity, good zip code I could sell quickly

Option A: Purchase another primary home locally I could live in for 2 years (lower interest rate), with intention of eventually converting it to LTR when I move out of state. Idea is I could "trade-up" houses, get some trapped equity out of condo, and eventually keep this in my portfolio long-term, for a similar PITI. Then I could start purchasing regular investment properties.

Option B: Find an investment property first (higher interest rate) that pencils out while continuing to live in my condo, and then find another primary I could “trade-up” for with my condo, where I could eventually use it as LTR

Option C: Just focus on finding investment deals that pencil out at a higher interest rate with existing cash, and when I eventually move out of state, sell Condo. This may potentially require a HELOC or something similar if I don't have enough cash left for deal #2.

Hi! I’m Shay Snipes, a Nashville native exploring the Memphis real estate market. I’m looking for some valuable tips on up-and-coming areas and would really appreciate any insight you can offer. Also, if you know of any investor-friendly title companies, I’d love your recommendations!

I've been studying real estate investing the past 3+ years but never took any action. After a recent wake-up call I realized I had the classic "paralysis by analysis" and am looking for some help in taking that first step. For some brief context on myself, I've always had a passion for investing, which led me to getting a BS in finance and a job in financial planning. I started with stocks & derivatives trading, but eventually realized that real estate is much more scalable and offers long-term financial freedom.

Being based of out LA county there's not many realistic 1st time investment opportunities, so my search has been aimed towards out of state single family rentals. It seems that TX/OH/TN are popular locations and easy to get into as a new investor. I know that out of state can be difficult, but my hope is that with proper due diligence and a solid team I can find success. I feel that single family will be the easiest to get started, but my goal is to eventually transition into multi-family & commercial properties.

I've always struggled with taking that first step, so I'd love to speak with someone experienced that can walk me through their first investment. If there's other 1st time investors that are open to having a conversation, I'd love to connect and learn from each other!

Hi everyone, happy Sunday!

I’m looking for some guidance on my next steps toward achieving financial freedom through real estate.

My long-term goal is to acquire enough rental properties to secure my financial future. In the short term, I aim to replace my monthly income from my current entry-level job, I dont make a ton of money so this shouldn't be too difficult. Since I don’t have many assets or a lot of cash on hand, I’ll need to be creative and strategic.

Currently, I own a single-family home that serves as my primary residence. I'm considering getting a HELOC for a down payment on another property. I've also heard about the possibility of buying a new property with a lower down payment while keeping my first home as a rental.


I understand that it may take time to build the capital for larger deals, but I’m committed to making it happen. I’m open to any suggestions or feedback you may have.

Thank you!

I'm a Los Angeles based Realtor w/ 17 years of experience and I am looking to invest out of California.  At this point I would like to keep each purchase under $200k.  Can anyone recommend any markets where one can make a purchase for $200k or less and still have positive cashflow?

The supercomputer went live last month. Everything's been pushed thru a bit hush hush without much debate. Will this help our economy? 300 jobs isn't a lot to bring to Memphis for a $3-4 billion dollar project (it doesn't take much to run a data center). personally I'm a musk fan, but we have to consider the ramifications to demanding this much energy. South Memphis is a target for industrial plants and its residents have increased cancer risks as a result (https://www.southernenvironment.org/press-release/sterilizat...). Is this a net positive or negative for Memphis? What are your thoughts?

https://www.instagram.com/p/C-dM9pbAzVJ/?locale=%E5%93%AA%E9...

https://www.hpcwire.com/2024/09/05/xai-colossus-the-elon-pro...

https://www.npr.org/2024/09/11/nx-s1-5088134/elon-musk-ai-xa...

Hey BP! I am a senior baseball player at the University of Memphis. I currently have one rental property in Alabama. I am extremely interested in learning everything that I can about real estate. I plan on getting my license after graduating and either staying in Memphis or possibly moving to Nashville. I'd love to make as many connections as I can, so I can hit the ground running when I get out of college. I know there is so much I will need to learn, but I am looking forward to the journey!