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All Forum Posts by: Ryan Smith

Ryan Smith has started 2 posts and replied 7 times.

Post: Where are you buying in Memphis?

Ryan SmithPosted
  • Posts 7
  • Votes 5

Check out Dean Harris zip code breakdown on YouTube with crestcore real estate hour. Does a great job breaking them down. 

@Mike Hottinga

Thanks a lot. Yes it is a tricky market as I’ve been noticing. I am also looking into Fort Mohave/Bullhead area as prices are lower but some of the rent is close. Also yes I have noticed it is hard to get people to show up because so busy, but I am capable of doing much of the work my self if I had to and also have some family and friends out here who own flooring and dry wall companies. I am definitely interested in picking your brain too. Like trying to value homes for arv seems difficult because prices seem to be all over the place. 

@Jeff Copeland Thank You very much for response. Yea that's the dilemma I am in as I do intend to move in, but not sure if my wife can handle. I know if I was still single I would move anywhere. So that's why I am leaning more towards a SFR that won't as location will safer bet. I am not trying to scam or fraud. Just trying to maximize what I can do

I’m looking to house hack by buying a multi family unit, but have a few concerns. I have a 2 yr old and wife. What if I buy and end up not being comfortable with the area  as I work nights so they are home alone. Can I move back out? Or are you stuck there for at least one year?

@Theresa Harris thank you. I am interested in multi unit. My issue is getting my wife on board with me lol. 

Originally posted by @Odie Ayaga:

Hard money is a great way to start so long as you know what you're getting into. It costs more than a lot of newbies realize, but it was a great entry for us


Thank You for the advice!  If I may ask did you do it for a flip or buy and hold like brrrr? 

Hello, I Moved to Lake Havasu about 3 years ago from Northern CA. Out in CA I was able acquire several rentals with partners with seller carry and other methods. Unfortunately I got rid of everything do to some other issues. I spent about the last year trying to get back to a spot where I can begin to get back into real estate investing and rebuild bigger and better. I currently have about 25-30k to get started and am currently looking for a SFR to acquire move into then turn to a rental just to get back in. Any advice or direction would be greatly appreciated. I am interested in BRRRR method and trying to figure out if Hard money is a good way to get started or what options I should pursue. I am also open to other areas