All, I will be at Summer Moon Coffee Shop on Main Street in Buda on Thursday from 12-1:30 if anyone would like to come within that window and meet up for a bit and talk more about establishing a set time and location going forward or creating a meetup.  

I'm wondering if anyone could provide some input on locations in Memphis for my first investment property.  

Hello,I need the following work done to my house, which is located Intown, to get it rent ready:- New roof installed- Tree cut down, basic landscaping and exterior fence repaired or replaced- Rent ready finishes - new kitchen cabinets, new doors, fresh paint, refinished hardwood floorsThis might be too small for a GC that is used to larger projects, but the roof is something that I would assume I should not be leaving to most handymen.

I can do 10% in a better location, vs. 16% in a worse one.On the cap rates: I have not held anything personally over 5 years.

I hope today was just as profitable as the day prior.

@Lisa Michaels are you located in Memphis?

I also want to see if I can locate a private bank that will do a construction loan tied to a conventional loan to cover the rehab.

I was also planning on attached garages , or depending on the location, drive into the basement is a possibility too.

Go to where cash buyers work....at the courthouse steps buying at foreclosure auctions.If you see a guy bid on and/or buy more than one property,they are or work for cash buyers with lots of investment cash or lines of credit.Walk up to them after the auction and compliment them on their property purchases and offer to bring them more just like it before they get to the auctions.Ask for their criteria (sizes,locations,ages,numbers of bedrooms,condition,etc).Promise to follow up with them ASAP with a property they might like to inspect and purchase.Go to every courthouse you can get to in a few hours driving and you could easily create a list of 30 to 40 real professional cash buyers who act fact and know what they're doing to be profitable in this business.

I've decided to get more educated prior to diving into Pro.