Thinking of changing strategies

[Edward Dandrea]

So I own a 5 unit and recently bought a trailer.

I make decent money and save a bit but the market near me is wacky.

I’ve avoided out of state for fear of management from a distance.

I’d like to try it and I’m unsure if it’s a good idea and welcome any advice.

I’m thinking Memphis but maybe someone has advice?

I chose Memphis because houses are 110-150k and I can pick them up for 25k cash.

It seems there are many large mgmt companies, how do you know who to trust? Any recommendations?

Any downsides or advice before I buy my first out of state property??

[Eric Gerakos]

The downside is that cheap properties are cheap because they are less desirable and will attract less desirable tenants. Higher maintenance, vacancy, evictions. Better to own fewer but better and more profitable properties.