All Forum Posts by: Kenneth Williams

Hey @Michael Hodde! Happy to see you join the family. Let me know if you need anything or have any questions!

I am Kenneth, a realtor stationed here at the heart of Memphis, TN. Did you guys out there realize about how untamed stuffs are happening in our market? Our neighborhoods are turning into goldmines for investors!

Quick Insights:

Hot Areas: Some Memphis spots are heating up for ROI – it's not just BBQ that's hot around here!

Investor's Edge: Knowing when and where to invest in Memphis is key. It's a tricky game but oh so rewarding.

Let's Chat:

Got your eye on Memphis? Let's swap notes. I've got the inside scoop and I'm all ears for your take.

Memphis newbie or a seasoned pro? Either way, I'd love to hear your thoughts and experiences.

So, what's everyone's take on the future of Memphis real estate? Are there any hidden gems or trends you think are about to take off?

I think you are on the right track. I would do between 5-10% on vacancy. Also, I think you should make sure you are over-estimating repairs. You will see that once you start rehabbing things can get crazy very quickly. If you have any specific questions just DM me. 

What kind of financing are you using?

Thank you so much for sharing that story. As Mike said, the market is different than when your parents were doing REI. One thing that I would immediately look into is house hacking. That has been very helpful for a lot of people just starting their REI journey. This community can help you with any questions you may have. I know Mike will have you covered but if you ever need anything you can also DM me anytime. You got this my friend!

You can definitely call your lender and ask the question of how long you need to occupy the home before renting. A lot of mortgage companies have a short occupancy time before you can rent.

Hey Travis. It looks like you are a new investor. I would recommend you talk to some realtors in your area to see places that are up and coming. Places that they believe, based off data, will increase in value. Also, you can think about going into another area to stretch your cash as much as possible.

I won't lie. Finding a BRRR deal in this market is TOUGH but it can be done. I have people here in Memphis that I work with that get off market properties at a good deal. That definitely helps when trying to build your portfolio in a new market. Get with reliable wholesalers. YOU GOT! Please update us when you get your first deal. If you need anything you can message me.

Fannie Mae now allows you to put down 5% on a 2-4 unit but you have to live in one of the units. Bigger Pockets just did a podcast on it recently.

@Joe Lijoi I think this one is a pass unless you can negotiate the cost down.

@Zack Busch look at comment above. For some reason it would not allow me to tag you.