All Forum Posts by: Mallie Messri

Hey! @Prell Santi love the fact that you've identified multifamily as a starting investment point for an out of state portfolio. In my opinion managing 2-4 units or anything larger as an out of state investor can be a smoother run than managing flips or even SFR BRRRR's. Not being able to physically manage a medium to heavy rehab is scary for most OOS investors unless you're accounting for a project manager in your cost calculation. For me finding a light - medium value add duplex or an already occupied and performing 5 unit sounds is a bit more appetizing. Not being local to the market we invest in I like the idea of managing 5-10 units all at once rather than spread out singles that require individual attention. I'm also in Los Angeles and have been virtually wholesaling in Chattanooga for the past two and a half years and although we've never taken down our own flip but we're currently looking for multifamily to purchase and manage from CA. There are tons of reasons why we love markets down in the South and choose to build a long term portfolio there! If you're looking anywhere in TN or GA, let's chat and I'd be happy to give you the inside scoop down there and connect you with a few MF brokers to help you along. Best of luck to you whichever area you decide to invest in!

Hey @Sam Barnsley, congrats on what you and your wife were able to accomplish in Northern Michigan and great job on narrowing down the markets you mentioned. I'm familiar with Chattanooga and Georgia the most and both markets still prove to be solid for BRRRR's/LTR's and still hasn't capped yet with lots of promise of appreciation. If you're looking at Chattanooga, all of Hamilton County (except maybe not past Soddy Daisy on the W side of the river and not past Harrison/Ooltewah on the E side but include Cleveland) and for GA just below the TN border there are great markets in Walker and Catoosa County (Rossville and Ringgold are two growing neighborhoods). I hope that helps you narrow your research a bit!

@Cheyenne Nafe Thank you so much! I haven't heard of the last 3 you mentioned and will be definitely looking into those areas as well. I appreciate the insight as we love to be in those types of markets. I sent you a PM to connect :)

@David Nacco Would love to connect with you, I'll send you a message!

Hi there! @Gorden Lopes Thanks so much for that input! I see you're also in CA as well :) We've actually decided to pull our marketing material in all of the cities and suburbs you just mentioned! I sent you a PM to connect further, would love to hear what numbers you're getting on the deals your finding! Thanks again!

Hey everyone! We've been able to successfully build a stable wholesaling business in Chattanooga and N Georgia over the past few years and although we plan to stay in these markets we're itching to get into our next. We finally narrowed down AL after looking at various bordering states like Kentucky, Indiana and the Carolinas and we know that Huntsville is one of the mecas down there. While our main model is primarily wholesaling we are looking for that tertiary sweet point that we can fit into. As another investor or wholesaler, do you have any tips on what the next up and coming markets would be? Somewhere we can expect to see a lot of cash transactions in the next few years and revitalization and gentrification clearly happening? I appreciate any advice! 

@Tim King We usually use Rudy Title or Key Title for Knoxville. We've done one transaction with Smoky Mountain Title and their office is in Sevierville. 

@Patrick Allen PM Companies: Tunnel PM (Philip Rykwalder), First PM USA (Brian Leveredge), Whitewater Property Management (Ashley Cross) and Scenic South Property Management (Michael John Kelly)! Let me know if you need emails & phone numbers otherwise a google search should pull them up!

Hey there! @Alejandro Moreno  I don't physically live in Chattanooga myself so I'm missing out on the opportunity to meet with you but it sounds like you're looking for some help and I'm always willing to chat and share what I know. If you want to hop on a phone call I can answer as many questions for you based on my experience being in the market for the past 2 years. You've certainly got the right idea on connecting and making relationships, that will definitely get you farther quicker!

Hey Nick! I'm in CA myself and can agree with a lot of things said in this thread most especially the part regarding C class neighborhoods the Midwest and South being good cash flow markets. A lot of smaller tertiary areas in those types of markets are most likely on the uprise from another over appreciated capped out city or county nearby and will probably see appreciation as well in the short term future. That being said not every market rings true to this but I recently saw a newsletter put out on "Economic Factors to Real Estate" which are the following; Jobs & Income, Savings Rates & Loan Accessibility, Population Changes, Interest Rates and Debt Levels, Amenities, Comparable Sales, Neighborhood Area (Schools, Crime, etc), Local Supply & Availability. I think it's always a good idea to see how many people are also moving into the state, check out Uhaul's site. I found this link here https://www.uhaul.com/Articles...  I would use rescourses such as reicitydata.com or city-data.com/ to dig deeper and determine the best market for you. I typically like price points below 200K for good cash flowing markets which you'll certainly find in the Midwest or South. If you're looking to get a better idea on what's happening in Chattanooga you can check out timesfreepress.com for an idea on what real estate or economic growths are happening under their business section. Once you've chosen a market I'd connect not only with top Brokers/Agents but Property Management companies as they tend to know the market on a hyper local level as well as a few wholesalers to send you properties that may not reach the MLS. Reaching out to everyone is free and costs you nothing but time and in my experience in Tennessee the industry professionals are very willing to provide insightful information and work with OOS investors. I think you can easily narrow down maybe 2-3 states and then 2-3 cities in each state, do some more in depth research and come to a decision on one market. Best of luck to ya!