All Forum Posts by: Taz Zettergren

@Emily Ruiz in a market like that in TX it is worth the risk in my opinion because those values are going to continue going up at a faster pace than most others over the next 10-15 years. There is a smaller rental pool at the $2,800 a month rent range but typically properties at that price will appreciate faster than others lower in price in the same market. 

Best of luck! 

@Matt C. I work with a couple hundred out of state investors who purchase in Memphis. Also have references to PM's, GC's etc. Happy to help if any questions arise, best of luck! 

@Victor Nguyen I prefer the single families homes in the suburbs. The renter clientele is much more consistent and typically the appreciation is as well so it makes for a more passive investment. In markets like Memphis and others here in the southern/middle part of the country we are still able to cash flow despite the interest rate environment. 

Feel free to reach out if I can be of any assistance. Best of luck on the journey! 

If you are looking to invest passively then turnkey is the way to go if you have the right team in place. I have purchased a turnkey rental in DFW and I also have worked with hundreds of clients who have purchased turnkeys with a lot of success. It's all about the team you have in place, in my opinion a true turnkey rental is one where the provider purchased the property with their own money, did the renovation and own the property management company on the back end. So it's a one stop shop kind of deal and with everything being handled in house the interests have to be mutually aligned because that provider is married to you for the longevity of the investment. 

Full disclosure I help dispo deals for REI Nation who operates in several markets in the southern/middle part of the country. 70% of the sales go to existing clients so I think that speaks volumes to those investors experience.

@Jordan Roueche welcome to the forums. I started out house hacking then got into longterm single family rentals. I love a good value add deal but a majority of my properties have been relatively passive with very little repairs needed when I purchased. I prefer to stay in mostly owner occupied areas because it yields a higher quality resident that's more consistent over time and the homes typically appreciate at a faster pace. 

Best of luck on the journey! 

@Kirk Garner welcome to the forums Kirk. The southern/middle part of the country is a great place to invest, not only is it affordable but the landllord laws are very friendly. I work with hundreds of out of state clients who invest passively. Memphis is a great rental market.

Feel free to reach out if I can be of any assistance. Best of luck investing! 

@Gabe Morrell welcome to the forums Gabe. Where interest rates are today I wouldn't use that HELOC unless you're purchasing distressed properties and are able to pull most all your money back out of the deal after the rehab is finished. In regards to timing, definitely be patient and ensure the location is exactly where you want to be. The sooner the better in my opinion though, there are tons of investors waiting on rates to drop before they get into the marketplace so when they do that's going to bring so much demand back into the marketplace it'll cause prices to increase at a much faster pace again.

You can take advantage of the market that isn't as favorable right now and negotiate a great deal and still refinance in the next few years to help improve your position. That first step is always the toughest but like I say take your time, solidify your strategy and where you're looking to invest before jumping all the way in. 

@Pradeep R. both are great markets but I prefer the Memphis because it's a more robust economy and there's a higher probability for appreciation.

@Alex Johnson you're looking at the right things. I work with hundreds of investors who prefer the middle part of the country and south of the mason dixon line. Places like Memphis, Little Rock, TX, Oklahoma or even Alabama. 

Would be happy to discuss the pros and cons of each. Feel free to reach out if I can be of any assistance. Best of luck! 

@Bailey Cocuzzi are you looking to actively work on the real estate deal you purchase or would you prefer to passively invest for the rental income?