All Forum Posts by: Stephen Akindona

@Matt C. Welcome to the BP community and welcome to investing in my favorite city! We have a very experienced team and we really are a one stop shop for the entire process in Memphis. I would love to chat about that with you but in the mean time you can shoot me a dm and you can have our free zip code guide to get you looking in the right areas!

@Devvrat Kumar welcome to the BP community. I am a local broker, investor and contractor in Memphis. Let me know if I can help you in any way! 

@Corey Logan we should link up we might be able to help you or connect you with the right folks in Memphis!

@Derek MacBay

Shoot me a DM and I can get you our zip code guide!

@Kathy Diamond as others have mentioned Memphis and other midwest locations are ideal for the 1% rule. Also as others have stated this is probably the metric that matters least in your analyzation. Send me a DM if you wish to discuss further. We also created a free Memphis zip code guide that will help you identify which areas you should be looking at!

@Jake Posner Welcome to BP! This is an excellent community of like minded individuals that can greatly help you achieve success in your investing pursuit! Don't be afraid to post questions and reach out to folks. I of course love Memphis! I live here, invest here and help OOS investors invest here so hit me up if you ever need anything! Also we created a free Memphis zip code guide that I can send you if you DM me. 

Happy Investing!

@Stacy McGee I would recommend just hiring an attorney to handle this for you. If you DM me I can share the contact info of the attorney we use for all our evictions. 

@Scheherazarde Roddie you can use Zillow as a free resource but if your willing to pay for more data pro stream can also be used to help you pull comps. You can always reach out to me anytime and I can send you a comp report on any potential properties you are evaluating.

Happy investing! 

@Alex C. I think there is more info we would need to give you good feedback. Neither approach is wrong but it is all about your goals and objectives and maybe your age. If you’re younger, then theoretically you have more run way to take on “good” debt to aggressively grow your portfolio. If you are a bit older then for you it might be wiser to leave you equity untouched as you might want to reduce debt obligation as you get older. As a general rule I would always say it is better to get a return on your equity rather than leaving it sitting in a property you own free and clear. Without knowing much about your goals my general advice would be to tap the equity and use that equity to purchase more real estate. The only thing I would guard against would be over leveraging I would try to maintain at least 25% equity in my portfolio at all times. 

@Philip Choi I would always recommend going with a professional property manager. Agents can offer management services but it’s often times not the only thing they do. They can have the best intentions and you may save some money using them but those perceived savings will end up costing you in the long run. Professional management companies will often times have the systems and processes in place to give your property the greatest chance for success. Obviously, this isn’t true in every single instance but in my experience property managers tend to out perform agents who also manage properties.