What’s great about the lender I work with, they reimburse for soft costs, so all that soft cost money I put in I get right out of the first draw of the construction loan so I’m not out that money for long. 

I have an issue that I’m sure I’m not alone in.

@Michael NguyenManagement is key on any company that you work with, area that your investing in is 2nd most important, if you can tolerate more risk then lower cost housing is the way to go, if you go with the higher quality properties then returns will be less over time you will accumulate more wealth, memphis has a lot to offer in both areas, if I can help I’d be happy to!

for replying to my forum, I’m really new to RE but super excited to learn more and eventually become an investor, I’m very limited on cash as in I have nothing to invest with so I’m really looking to learn about buy and hold for income I’m really interested in how to BRRRR properly in multi family homes

All showings start 9/10 since the tenant told me she had surgery on the 31st and didn’t want to be getting up to let people in.

When someone breaks in I board it back up.That's a lot of extra on going work to keep your property looking presentable.

What parts of town are you invested in?

Im looking to analyze a large number of marketplaces to identify which one I would like to invest in.

I was reading your bio and I respect the work your putting in.

After 14 years of investing out of state, I'd say a great management company is more important than which city you invest in.