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BiggerPockets Resources

Forums » New Member Introductions » Newbie Memphis TN

Newbie Memphis TN Subscribe to Newbie Memphis TN

8 posts by 4 users

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Handyman · Memphis, TN


Hi everyone! My name is Amanda Harris from the Memphis and North Mississippi area. My husband and I own a home improvement company and I am also a licensed REALTOR in both Tennessee and Mississippi. I also have a degree in Business Finance. I ran across this website and decided to join in hopes of networking with other REALTORS, investor needing an agent or contractor, or an investor looking for a partner in Memphis. We also plan on investing ourselves in the future. My husband has 14 years experience as a builder, but with the market in our area we had to re-direct our business. We hope to start our own investing company and have everything in house from the purchase to the repairs, but we need to get our cash flow up. Any advise on how to get started either networking in the real estate or contractor areas of this website or starting our own investment company would be greatly appreciated.


BiggerPockets Founder · Denver, Colorado


Hi Amanda and Welcome! It sounds like you guys have a strong real estate background, and that will definitely help you in your networking and dealmaking.

Can you clarify what kind of investment company you're interested in establishing? Are you talking about building a business entity for your own personal investing, or are you suggesting something else altogether?

Let us know more so we can help you out! :mrgreen:

Small_bplogo20aJoshua Dorkin, BiggerPockets, Inc.
E-Mail: webmaster@biggerpockets.com
Telephone: 877-831-4704
Website: http://www.biggerpockets.com
Be sure to check out the BiggerPockets Blog at http://www.BiggerPockets.com/renewsblog/


Handyman · Memphis, TN


Josh,
Thank you for your reply. What a wonderful site you have built here!
Our long term goal is to invest personally, but until then we have set up a business of property management of sorts. We have the ability find, repair, and maintenance investment properties to other already active investors. We do have the ability to invest right now, but need to get over the fear first. We have for years earned our living from real estate but with the market change have suffered financially this past year. I would really like to start with this part of the REI world to help build up savings again. Once we feel safe again we will start investing ourselves. We do love the real estate business both in sales and construction and love being self employed. I feel like we are set up with most everything we need to start investing just need the help of fellow investors.

Thanks,
Amanda


BiggerPockets Founder · Denver, Colorado


Thanks for the complement! I actually find your strategy rather interesting, and hope that you can tell us how things go for you as time passes on. Do you expect to make a lot of money managing a multitude of properties for others? With high gas prices, many of the managers I know are seeing their margins slim down even more.

If you're trying to build up a cash pot to start investing with, I'd recommend you look at wholesaling instead. I think that it provides a better opportunity to analyze properties for yourself, and would likely be more profitable and less stressful for you.

Just a few thoughts . . .

Small_bplogo20aJoshua Dorkin, BiggerPockets, Inc.
E-Mail: webmaster@biggerpockets.com
Telephone: 877-831-4704
Website: http://www.biggerpockets.com
Be sure to check out the BiggerPockets Blog at http://www.BiggerPockets.com/renewsblog/


Handyman · Memphis, TN


Josh,

Thanks for your input. To answer your question, we do not expect to make huge bucks with this, but we are already 100% set up for construction and real estate. Ideally we would like to find an investor or two who can keep us busy and pay the bills. Once we get that we will move on to investing ourselves. We have a modest lifestyle that we would like to keep and hopefully build on. Just trying to make a living, I guess. If you know of anyone who needs us in the Memphis area send them our way...


BiggerPockets Founder · Denver, Colorado


Good luck to you Amanda!

Small_bplogo20aJoshua Dorkin, BiggerPockets, Inc.
E-Mail: webmaster@biggerpockets.com
Telephone: 877-831-4704
Website: http://www.biggerpockets.com
Be sure to check out the BiggerPockets Blog at http://www.BiggerPockets.com/renewsblog/


Real Estate Consultant · Memphis, Tennessee


Hi! My name is Jared and I work for,The Uptown Group, a full service real estate investment firm in Memphis. The best way to network with like minded individuals is to join your local REIA. Let me know how things are going. Thanks.
Jared


Real Estate Investor · memphis, Tennessee


Hey Amanda

There is a local non-profit REIA in Memphis that meets the first Wednesday of every month in Germantown called Mid South REIA. Their April meeting is all Networking if you are interested in meeting more investors.

Chris

Small_picture_3Chris Clothier, Memphis Invest, LLC
Telephone: 901-212-9647
Website: http://www.memphisinvest.com
www.MemphisInvest.com 1(877)-773-9998 Chris D Clothier


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