All Forum Posts by: Michael Mabrouk

Thank you all for the great feedback!

Bruce & Taylor, that if fantastic info and insight thank you so much! To answer your question Taylor, the goal for me would to move into it in 1-2 years.

That's some great info Jason thank you. One thing I should mention is I am a current renter and do not have a current mortgage and I would not be able to claim the investment property as a primary residence. Would that alter buying options between townhomes/condos and require a lot more in up front capital?

Hello,

I am thinking about the idea of looking to invest in a townhouse/condo in either the Dallas or Orlando/Tampa greater areas for a buy and hold rental property that I would like to move into down the road. Areas mentioned would be out of state for me so I wanted to see if anyone has recommendations for:

A. For first time investment property, if out of state investing might not make sense or if anyone has had success with it?

B. Experience with buying a townhouse/condo and renting it out with success? Or is single family home the real best way to go?

Reason I am looking more for townhouse/condo is maintenance for the property I do not want to deal too much with as I will be out of state so I'm not really looking for a fixer upper or a house where I will have to worry about taking care of lawn etc. if/when there is not tenant renting. 

Any general thoughts would be greatly appreciated!

Thanks everyone!
 

Hello. I am newer to the platform and have recently started investigating into property investment companies in Memphis Tn. Wanted to see if anyone has any recommendations for property investing companies based in Memphis? Also if anyone is from the area if there are good meetup groups to get started learning more from others?