All Forum Posts by: Malorie Moore

Hi Celine,

Managing renovations, maintenance, and residents from a distance can definitely be challenging. I’d highly recommend considering a property management company to take that stress off your plate. Having a solid team in place can make all the difference in keeping things running smoothly while protecting your investment.

LLC's are never a bad idea! It adds that extra level of protection, so I say go for it!

Best of Luck!

Sung,

That is amazing, congrats! I'm from Alabama and Hoover is a great location.

Congrats on your upcoming closing! House hacking is a great way to get started, and it’s exciting that you’re already thinking ahead to your next move.

When choosing an out-of-state market, visiting in person can be helpful, but having a strong local team will matter even more in the long run. As you research, consider factors like job growth, population trends, landlord-friendly laws, and rental demand to find a market that aligns with your goals.

Since you both have full-time jobs and can’t be hands-on with renovations, a turnkey property might be a smart option to start generating cash flow without the stress of managing a rehab from a distance.

 If you’re planning to put $10K into renovations on your current home, it might be worth waiting a few months to build up more reserves. That being said, I don’t know your full financial picture, so it really comes down to what makes the most sense for you.

I’ve been in this space for a while, so if you ever want to chat, I’m happy to help. Wishing you the best of luck with everything!

Hi Sas,

It sounds like things are going well with your FL home—great to hear! As others have mentioned, I’d recommend looking into landlord-friendly markets first and seeing which one aligns best with your investment goals.

From my experience in this space every day, the 1% rule isn’t as common in many markets, though it can still be found. However, properties meeting that metric are typically in lower-class areas, which can come with higher risks due to the location and the type of residents occupying the home. Many of these properties also fall within Section 8 housing.

That said, you’re in the right place! There are plenty of investors here with great experiences, and I’m always available to chat if you’d like to discuss further.

Best of luck, and feel free to reach out anytime!

If you are ever interested in Southaven or HornLake let me know! Jackson is a great area to be in as well. Best of luck to you and your investing journey!

Hi Hailey!

If I were in your shoes, I’d start in Tennessee. The returns here are typically stronger than in Washington State, plus Tennessee has no state income tax—an added financial advantage!

Once you’ve secured your first property here, you’ll always have the flexibility to expand into Washington or explore other markets that align with your goals.

Good Luck on your investing journey!

Welcome Matthew!

Happy to chat about RE Investing! Feel free to message me any questions. Iv'e been in this space for a long time.

Best of luck!

Hi Douglas,

That's awesome! Best of luck with your next investments!

Hi Collin!

Welcome to BP! Sounds like you've been doing all the right things to get started—reading, networking, and now taking action with your first SFH rental. That's huge!

I have alot of experience in SFH if you have any questions on that let me know and I am more than happy to share any insights with you!

Goodluck on your journey!

Hi Brian, 

It's common, especially in Memphis, for long-term rentals not to include appliances. Since the resident provides their own, I wouldn't factor them into your CapEx calculations.

Additionally, if any maintenance is needed, the resident would be responsible since the appliances belong to them.