All Forum Posts by: Walter Jones

I agree with @Taz Zettergren, but for some reason I keep stumbling on the duplexes I'm up to 6 now. I do like the suburbs though - better rent growth, appreciation potential, and quality of tenant. 

@Nora Lugo we have a robust REIA here with Memphis Investors Group. Our monthly meetings are live and virtual. We also have a weekly Friday virtual meeting at noon CST https://www.memphisinvestorsgroup.com/

I wouldn't let the formulation of an LLC stop you. Get somewhat clear on what you want to focus on, and you're criteria will evolve as you acquire new properties. Make sure you are working with someone who has their own properties and has experience with out of state investors.

 Reach out to @Jenni Smith I've sent a lot of folks his way

I've done well in Memphis also. You give up some of the boom (and bust) that you get in some of the other areas, but there's a solid economy and a strong healthcare system. Good balance of strong cash flow and appreciation. 19 doors and counting.......

@Jamie Parker are you a member of the Memphis Investors Group?  https://www.memphisinvestorsgroup.com/

Thanks @Elvis Rosa! Great working together and looking forward to helping you grow!

Hey @Wes Holmes are you familiar with Memphis Investors Group? We have our big meeting once a month, usually a Saturday event, and several smaller weekly and monthly meetups.  Lots of investor friendly wholesalers, lenders, title companies, agents etc. Very robust and collaborative group. I bought my 1st property through an agent I met there 6 years ago and now I'm up to 19 doors.

https://www.memphisinvestorsgroup.com/

Hi @Gil Gilad I'd love to help! I've worked with a lot of out of state investors. Recently closed the 3rd and 4th property with one client, and 2nd and 3rd with another. All property classes, all areas in Shelby County TN and North MS.

I also have 19 doors of my own in the Memphis area. 

Shoot me a message and let's get a 15-30 minute call scheduled and see if we're a good fit for each other.

I was going to look at this one for an out of state client but it went under contract. We were going to make an offer on it. I think it's priced well also. Under contract in 3 days. Smart pool of buyers in the Memphis area.

Nothing wrong with paying asking price on something that fits my criteria and goals. I'd rather get a property that I like in my balance sheet now, rather than looking 6 months for the perfect "deal."    

Don't wait to buy real estate, buy real estate, then wait.
 

 I think @Jordan Ray is correct on this. Long term is probably the norm. I don't have any S-8s of my own but I'm not afraid of it. I have a copy of the Memphis Housing Authority Checklist and also the Landlord Guide if anyone needs it. Shoot me an email and I can send it to you.

Not gonna be there today. See you soon!