I've been speculating the markets in the Midwest for some time now and recently decided to make a post on BP to attain more insights from people who live & invest in these markets.

This is a great place to connect with people so take advantage of all the great resources.

How are people buying at 5 caps if rates are 6.5?

Your ability to accurately estimate costs and efficiently manage renovations makes you an extremely valuable partner in any deal.

I don't currently have any investment properties, but will likely work with a turn-key property managment in the Memphis/Little Rock area.My goal is to build a good cash-flow portfolio to ease into retirement. 

I’ve managed my fair share of properties, and the number one way I’ve gotten property management clients is by helping them solve a problem.

Hi Cecil,We're based in Redding as well and operate Authority Property Management.

Building a portfolio allows you to gain experience, develop systems, develop your own approach to managing properties etc.

There are a lot of really good people in the Memphis real estate community, and plenty of people will help.  

The most successful people that I have heard on podcasts and met in real estate know that it is all about getting a single here and there and then going to get a homerun while doing those singles.