All Forum Posts by: Jordan Ray

You can get to hike, enjoy the beach, and horseback ride anytime you want once you have enough cashflow to retire. DM me and I will show you how to scale into a large portfolio to make this a reality. Talk soon!

The best thing to do for zoning laws is actually to call the local Zoning & Subdivision administration.

Quote from @Frank Colvett:

Awesome 3/2.5/1 home with tenant built in 2022!

Call me

Frank Colvett

Re/Max Experts

Looks great! What's the price? Address?

Man it was a steal, got it off market from another local agent I work with that knows I buy, used Avalon Capital's hard money loan which is 100% purchase/100% Rehab. I bought it at 60% of the ARV and it was a 22K rehab. Then paid the Hard Money points using my commission and $5,000 in concessions. Guess you can say its an anomaly but good deals are out there!

Deals are definitely found in the numbers, you will probably analyze 100s of properties and make 25-50 offers or so before getting a deal. Don't be afraid to offer at numbers that make the deal work for you. Asking price is irrelevant honestly, just make the offer because you never know what you might get under contract. Buying real estate is not like shopping at Kroger because you cant negotiate with the cashier but you can negotiate real estate with a seller anytime! Hope that helps! Let me know if I can help at all in Memphis TN or North Mississippi! Talk soon!

Man! $100K can get you so many properties with leverage in Memphis TN! I bought a deal 2 months ago with $1100 out of my pocket and I am in the middle of the refi now! Happy to connect if your interested in Memphis TN!

Hey Timothy! Welcome to BiggerPockets! I love investing and actively have a small portfolio I manage myself in Memphis, I also help investors build their portfolio and I do live in Southaven. Are you available tomorrow for lunch/coffee?

Looking for an investor savvy realtor that is literally your boots on the ground? Give me a call at 662-642-1458! Let’s get you a deal! 🔥 #BRRRR #investor #investoragent #biggerpockets #tennessee #realestateinvesting #memphis #cashflow #avaloncapitalmemphis #hardmoneyloan #renovation #cash #rentalproperty #investing #realestate

https://youtube.com/shorts/SBkACGSOrws?si=Vptw_Qw3PkFSmzMA

Hey Deal! Welcome to BiggerPockets! I bought my first property this way and it can be a great strategy.. however. My HELOC was locked up and I was constantly making the interest payment that was taking away from my cashflow. I would recommend using your HELOC for short term use and make sure to pay it back off quickly. I personally use my HELOC now to help with quick acquisition in combination with my 100% purchase/100% Reahb hard money loan and then i just pay it back off at the end of the BRRRR. Hope this helps! Best of luck! Ket me know if you find any interest investing in Memphis TN and I would love to be your POC here! Talk soon!

Goodmorning Saheed and welcome to BiggerPockets! Fix & Flips are great but they are not as easy to get due to the amount of margin needed and the cost of the rehabs being higher. If you make an offer on a property that's in a price point of a house that would also attract an investor looking to build their portfolio where rents are in an affordable price point, you will get out bidded more often than everyone else because you need a cheaper house. Investors looking to build their portfolio can take a property with tighter margins and also can make their rehabs cheaper.. this would be your biggest challenge as a flipper. Fix & flip in Memphis is definitely a number game with making offers. I have helped plenty of my clients do fix & flips and I also personally am looking for one in Desoto County, MS (Right below Memphis TN). Let me know if I can help you in any way!