memphisinvest.com

[Karolyn Son]

Hello all,

First time posting here.  I just got burned by turn key company in Birmingham, AL and desire not to repeat the mistake. I thought I can ask great group like BP before I dive into new investing this time.

Since my price point is not what goes on in Los Angeles area, I was looking other states to add few more rentals which will produce about 1% point you often discuss on BP.

Your advise would be very much appreciated...Karol

[Alex Craig]

Another bad Birmingham experience? I wonder if it is the same company that popped up on Bigger Pockets last month?  

There are other providers on this thread, maybe they can help you out.  The good thing about RE is that the property can be fixed, the tenant can be fixed and the PM can be fixed.  The only thing that can't be fixed is the area.  Your property can be turned around back in the black, you just need the right local person to get you there.  It may cost money, but certainly worth it to get it profitable.  Over time, you will get caught up.

You should share your experience as a learning tool for other buyers on BP.