All Forum Posts by: Chris Powell

@Jay Hinrichs I just saw you replied after I posted mine. Do you do any investing in Oregon or just in Mississippi? I can fix most things around the house so when I live nearby I don't worry too much about it but managing from afar will be new to me. The areas the homes are in attract good tenants and decent incomes as you have stated which is why I have even been considering hanging on to the houses. I'm originally from Chicago suburbs and lived there most of my life until living in Colorado for a few years and then moving to Mississippi there was a definitely a culture shock for my wife and I but it has been great for what we needed. Safe, cheap, and a ton of experience at the hospital for my wife. Eventually i would like to have properties in all of the precious mentioned areas, just on the fence about keeping Mississippi as one of them. I think from an investment standpoint though it's a great place. Still growing like crazy and houses are inexpensive for the rent that can be charged and the quality of tenant(at least thats my projection) haha hopefully it's the truth.

Thank you for the advice, I will definitely contact her. One house is in Castlewoods and the other is right by the reservoir. My wife is a physician finishing residency this year so we have contact with a lot of incoming residents and others at the hospital which makes finding a stable tenant pretty easy I would just like to build some more equity before selling and rolling it into a property closer to where we live so i can self manage. I will check out some options on property management for sure though that may be the route to go.

Hello everyone I moved to the suburbs of Jackson, Ms (Brandon) almost 4 years ago from Colorado. We ended up purchasing a newer house(2009) which we decided was too small for our growing family a year later when we found out we were having twins. I decided to rent it out and buy another. It worked out great, had a great tenant and was charging 1350.00 on a house we bought for 160k with low property taxes, expenses etc..Currently my mother in law lives in it so she can help with taking care of babies so we aren't making anything on it right now. The current house we live in we bought for 193k a few years ago and we are going to be moving here in the next 6 months. So far my experience with having an investment property has been great, but I know this always isn't the case.

When we move I plan on getting my real estate license, but also have a passion for rehab and woodworking (counter tops, furniture) so may want to get into some flips.

Maybe not the right place for questions, but I keep going back and forth whether we should continue to rent the property that my mother in law will be leaving and rent our current home, sell one or both and not have to worry about managing properties from across the country. I like the idea of building up our real estate portfolio and also believe the area is still growing and both houses are in desired areas with minimal available rentals. Just having some trouble deciding which route we should go. If we sold I think we would just about break even after associated costs.

Thanks for reading this and any advice you may have.