Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Matt C.

Matt C. has started 5 posts and replied 12 times.

@Kim Tucker - Was there a similar meeting yesterday? Any chance you have that recording as well? I am wanting to invest in the KC area and I am seeking updates.

@Lee Ripma - What are your thoughts on the new housing ordinances in KC?

Quote from @Nicholas L.:

@Matt C.

just to be direct, cash flow has really been compressed everywhere. unless you have some kind of advantage, or creative strategy, or both (boots on the ground, sourcing quality off market deals, MTR or STR, house hacking, etc.) there is really no market where you can get a few hundred plus in cash flow with current off the shelf rates.

you should 10000000000000000000% not buy a random property in Memphis because an Excel sheet tells you you will make $212 a month on it.

if you want to go to Memphis and spend a few weeks there, drive around, meet PMs and other investors, and really lean in - go for it.  it's just a really tough time to Internet your way to success.

@Jonathan Greene

you need to link to your other post about how to pick a market.  or put that in your signature block =)


 Totally get that. We aren't making moves solely because something looks good on paper. In Memphis, we are looking in very, very specific areas. Same as in Detroit. 

KC is looking halfway decent for a househack but seems to be getting some fairly consistent numbers without it. These last two weeks have been non-stop calls with PMs in all of these markets, but right now, leaning in on KC a bit more because we love that city. 

Quote from @Jonathan Greene:

It sounds like you are pulling cities off of lists, but have you been to any of the cities you are interested in investing in? Do you know anyone in those cities or do you have to build a team to trust from scratch? Too many investors are looking for a market and ignoring where they may have a competitive advantage. Where else have you lived, where else do you know, where do your closest friends and families live? Are any of these, or other areas you have thought of, areas close to those places or those people? That's a better place to start instead of putting all of your eggs into a stranger's basket.


 Nah, no lists for those markets. These are markets with somewhat to very affordable cash flow options that I have visted and loved and could see myself living for a temporary amount of time for a rehab/primary res, but don't have the minute data and information I am looking for. I've lived in not-so-great cashflow markets. Cali, NY, Hawaii. Been speaking to realtors but just looking for solid online resources I can also utilize. 

Hey All -

I am widdling down some areas I'd like to remote invest in. I have one house-hacking property in SLC, but homes here have gotten a bit too high to see any cash-flow. Looking for some less expensive areas that may not see a ton of equity growth, but should get a few hundred plus in cash flow each month. I have been hesitating on pulling the trigger for about a year now and I am getting frsutrated. Gotta make the jump. 

I am mainly seeking everybody's favorite resources for neighborhood analysis. I have a few that I utilize alongside Google Map Street View when I am really digging in, but I find I have to bounce around for resource to resource to get the full picture. Oftentimes, the data is at least a couple years old. 
What are your favorite resources?

Would also be interested in any suggestions for markets/neighborhoods that would be a good fit. On the higher end of what I am currently looking at, I have Twin Cities and Indianapolis. On the lower end, I have west of Detroit and some areas in Memphis, with preference currently in the Memphis area. If you have Realtor or PM teams in these areas, please let me know!


My wife and I are looking to get started in the Memphis area. Gonna be vetting out a team. Looking for some recommendations from this community first.

Looking for cash flow, willing to BRRRR (or moderate sweat equity if the home is in a nicer part of town).

My wife and I are looking to get started in the Memphis area. Gonna be vetting out a team. Looking for some recommendations from this community first. 

Looking for cash flow, willing to BRRRR (or moderate sweat equity if the home is in a nicer part of town).

Post: Looking for Property Managers in the SLC area

Matt C.Posted
  • Posts 13
  • Votes 16

Any solid recommendations are greatly appreciated!

@Manco Snead Haha I appreciate the insight. Finding the right PM is definitely my number priority. What are some occasional missed red flags? What should I be paying attention to? I am having conversations with PMs and trying to vet them - but what questions can I ask to best make an objective decision rather than a subjective one?