Updated about 9 years ago on . Most recent reply
Where to start?!
I am finally ready to get in the rental property business. I currently live in East Memphis and want to invest in Memphis. I want to stick with properties that are less than $100k. I've found some neighborhoods that are around that price range but I've also found that there are a lot of other rentals in those areas. Should I talk to some property management companies and see what areas rent the best and then concentrate on buying in those areas? Or should I work with a real estate agent and find a property and then hope that it rents out amongst all the other competitors? Or am I putting the cart in front of the horse and I should be doing something else first instead? Thank you for any advice!
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- Rental Property Investor
- Memphis, TN
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Hi, @Sherri Li.
Welcome to BiggerPockets!
You should connect with my colleague @Tina Sandoval. She's very knowledgeable about all of the questions you have.
In the meantime, be sure to check out the blogs and podcasts as well as the forums. You can learn a ton from the real estate experts on the site.
Best wishes to you on your journey to real estate investing success!
- Douglas Skipworth
