All Forum Posts by: Spence Rodman

 I have been buying and selling real estate for the last 20 years and I recently became a licensed salesperson in Mississippi.  The biggest advantage I see to having my license is the immediate access to information.  I no longer have to rely on others to get me numbers so that I can determine what is a good buy.  My wife and I are able to move much more quickly when a lead comes in and she is able to make a solid offer quicker than we have in the past.  

I also was able to list one of our flips as my first listing.  The money saved by listing this property was basically equal to what it will cost me to maintain my license for the year.  I have a broker who is fine with me only selling a few properties a year, but has encouraged me to dive in deeper to use this as a 2nd career when I retire from my current W2 job.

@Eric Banjo Camardelle I think it is legit but I have not received any funds from this program as of today.

Has anyone applied for funds through the Rental Assistance Program in Mississippi?  Do you know if any of the funds have been disbursed at this point, or what the time line might be.

@Rico Nasol is 25-30 year amortization typical in your area. The best I have found in the Memphis area is a 20 year amortization on a portfolio loan. Any suggestions where I should look to find 25-30 year amortizations?

@Diana Dorantes I am in the Memphis metro area and I bought 5 houses from September to December last year and have 1 under contract now. I plan to buy deals that make sense any time they come along. I am a long term buy and hold investor and plan to ride any downturn to the bottom and back up.

@Ali MirRasekhian @Joseph Reed

DeSoto County, MS is a great place to look for investment properties. I have 19 sfh’s in that area. I don’t think they are at a lower price range than properties in Memphis. Prices in DeSoto County have gone thru the roof over the last year. If you have any questions or need any help please feel free to reach out.

@Michael Ealy

We own 10 rentals properties and take care of about 15 others for my in-laws and dad. On a regular basis my wife and I spend about 3 hours a week “managing” those properties. We probably spend another 7 hours a week managing rehabs in new acquisitions. So in a typical month that’s about 40 hours a month between us. My full time job is in education and requires about 50 hours a week. I consider our real estate income highly passive and the best way I know how to build wealth.

@Jerell Edmonds

I think sfh is a great way to get started. My advice would be to buy one and see if you like it. Once you decide you like it buy 4 more as quickly as you can. Having five cash flowing properties gives you a cushion for times when you have vacancy or big maintenance issues.

North Mississippi specifically DeSoto county is a great place to have buy and hold. If you need help finding someone in the area I’ll be glad to connect you with the two turn key companies I have had dealings with in DeSoto County.

Thank you for all the replies.  The information has been helpful.