All Forum Posts by: Spencer Glaser

Thanks for the advice @Douglas Skipworth!

I second the Kiyosaki philosophy of using cashflow on another rental to pay car note, but I know a lot of work goes into finding a deal like that and you don't have much time. I was in a position where I had to buy a car last year. I got a used 2013 Hyundai Santa Fe Sport (mid size SUV) and I love it. It was under 14000 sticker price and lots of space. Look into the Tucson also.

Hello All!

I’ve been lurking on the forums and listening to the BP podcasts at every chance for the past month and I am finally making my intro.

I am a native Memphian and looking to get started in the Memphis real estate market. I grew up in the University of Memphis area and have lived in midtown and downtown. All of these are “hot areas” and I am very familiar these areas. I have been renting downtown for the last 5 years (what an idiot!).

I am employed full-time as an attorney (not real estate attorney) and I am wondering how I can use that law license to my advantage. I might start breaking out my property law books. What all do you use your real estate attorney for? Reviewing contracts, evictions, researching title…what else?

I am interested in buy and hold properties (BRRRR) and possibly wholesaling.

Ideally I want to get my feet wet with house hacking and buy a duplex or triplex with FHA or conventional loan and rent the other unit out. Am I too late to the game to find multi-family properties in Memphis? How competitive is it to find these properties. Am I crazy? How competitive is Memphis REI, really?

I look forward to attending a Memphis REIA (MIG) event in the near future.

Any specific tips for me for Memphis and the surrounding areas?

Thank you!