All Forum Posts by: Jordan Ray

Hey BP, I am currently playing my last year of baseball at the University of Memphis. I want to begin my real estate journey as soon as I get out of school. I already own one rental property, which is doing great, with cash flowing around $500-$600 per month. I am extremely interested in pursuing a career in real estate. I am going to get my real estate license as soon as I graduate.

I have lived in Memphis all my life but do not know if this is the market I want to pursue. If I wanted to move to Nashville and be an agent, what would some be that I needed to think about before making this decision. I think long-term Nashville is going to be a much healthier market than Memphis. Thanks for the insight!! I don't know what I don't know, and I want to learn as much as I can!!

Hey BP, I am currently playing my last year of baseball at the University of Memphis. I want to begin my real estate journey as soon as I get out of school. I already own one rental property, which is doing great, with cash flowing around $500-$600 per month. I am extremely interested in pursuing a career in real estate. I am going to get my real estate license as soon as I graduate. 

I have lived in Memphis all my life but do not know if this is the market I want to pursue. If I wanted to move to Nashville and be an agent, what would some be that I needed to think about before making this decision. I think long-term Nashville is going to be a much healthier market than Memphis. Thanks for the insight!! I don't know what I don't know, and I want to learn as much as I can!!

Hello BiggerPockets community! I'm Cindy Wirth from Oceanside, CA, passionate about real estate investing for the past few years. I'm particularly passionate about Memphis, TN.

Outside of real estate, I enjoy hiking, sunsets at the beach, and horseback riding.

Excited to learn and connect with you all!

Hello - looking for a local RE attorney that knows about zoning laws and how they get changed in Memphis.  

Awesome 3/2.5/1 home with tenant built in 2022!

Call me

Frank Colvett

Re/Max Experts

Hey Jordan, seems to be a theme of purchasing in cheaper markets! Out of curiosity, how did you manage to purchase a property with $1,100 out of pocket? Personally, I'd pay with cash or utilize hard money and obviously the market in Memphis is very different than in Phoenix, but I don't think there's any way investors could get something for that much out of pocket down here haha.

Hi there.  I’m a new investor and have begun using the rental property calculator on bigger pockets for my market.

I've only analyzed about ten properties so far, but I am getting about negative $1000 cash flow per month for most of the properties and negative cash on cash return. The properties I am looking at are on the MLS because I feel I do not yet have the skills needed for off market deals

These numbers are even with a 25-30% down payment.  I am using 5% for repairs, 10% for cap ex, 10% for vacancy, and 10% for property management.  Are these the numbers you use, or what am I doing incorrectly?  I definitely do not want negative cash flow on a deal.

Thanks in advance for any insight you can give!

I work with investors in the Phoenix market and had a conversation with a new investor the other day. He has $100k liquid set aside for investing and asked my advice on where he should start. He's comfortable waiting until the new year (post-election) or move forward now for the right deal.

I thought it was a great question and worth opening a thread to get some other opinions and input. Knowing how the market is now and where it's trending;

Where would you start and what would your approach be if you were a new investor with $100k set aside for RE investing? 

Hi everyone, my name is Timothy Floyd. I’m 22 years old and currently living in the Memphis, TN/Southaven, MS area. Right now, I’m focused on learning as much as I can and taking steps towards getting my first rental property.

However, I have a challenge: I need to connect with like-minded individuals. Most people I know aren’t interested in real estate and don’t share my passion for learning about it, which makes me feel a bit isolated. I really want to learn from those who are already active in the field.

If you're in my area, I’d love to buy you a coffee or lunch so I can ask you some questions and hear about your journey.