New investor looking for a rental

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  • Denver McClurePro Member
    Financial Advisor · Flower Mound, TX · Member since 2018 · 659 posts · 479 votes
    1y

    Welcome @Kenzo Lackey, reach out if you need anything.

    [email protected]
    0Reply
  • Bernice RetzloffPro Member
    Memphis, TN · Member since 2024 · 234 posts · 100 votes
    1y

    Hey @Kenzo Lackey!

    Welcome to BiggerPockets! If ever investing out-of-state comes to your mind, I would love to introduce you to the Memphis market!

    901-664-1949
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  • Julio GonzalezPro Member
    Specialist · West Palm Beach, FL · Member since 2008 · 4k+ posts · 1k+ votes
    1y

    Welcome to the community, Kenzo! 

    561-253-6640
    0Reply
  • Drago Stanimirovic
    New to Real Estate · Miami, FL · Member since 2024 · 1k+ posts · 457 votes
    1y

    Hey Kenzo,

    Welcome! Buying your first rental is a big step and a great way to build long-term wealth. Since you're a few months out, now’s the time to start lining up financing, researching markets, and getting clear on your budget and goals.

    If you're planning to use rental income to qualify, a DSCR loan might be a solid option, it's based on the property's cash flow, not your personal income.

    Happy to support you on your REI journey!

    0Reply
  • Jordan RayBusiness Member
    Real Estate Agent · Memphis, TN · Member since 2023 · 642 posts · 333 votes
    1y
    Quote from @Kenzo Lackey:

    I’m new here.  I’m looking to buy my first rental property in a few months. 


    Hey Kenzo! Welcome to BiggerPockets! How much cash do you have to get started? I am seeing clients and myself buy deals with less than $10,000 out of pocket and 30-40% COC returns on BRRRR deals!

    Turnkey is also very lucrative with properties being ready to rent at the 1% rule in many locations in Memphis! Let me know if you have any interest in that!

    [email protected]662-642-1458
    Jordan Ray - eXp Realty5112 Reviews
    WebsiteView Page
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  • Min ZhangBusiness Member
    Real Estate Agent · Member since 2022 · 1k+ posts · 1k+ votes
    1y

    Welcome to the community, Kenzo! Great to hear you're getting ready to take the plunge into your first rental. Which market are you thinking about starting in?

    [email protected]614-412-2912
    Reafco.512 Reviews
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