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All Forum Posts by: Jordan Ray

Jordan Ray has started 24 posts and replied 374 times.

Post: Memphis Tennesee investing

Jordan Ray
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 390
  • Votes 185
Quote from @Steven Le:

Thoughts on Memphis Real Estate Investing?

invester from (Calgary, Alberta) 

I’ve been doing some research on Memphis as a potential real estate investment market and wanted to get insight from those with experience on the ground.

From what I’ve found, the city has stable economic growth, mainly driven by distribution, healthcare, and now Ford’s BlueOval City project. With a strong rental demand and affordable home prices, Memphis seems like a solid cash-flow market.

That said, my biggest concerns are the crime rate and population growth trends. While certain submarkets show promise, I want to ensure I’m investing in areas with long-term stability.

For those who invest in Memphis, how do you navigate these risks? What areas do you see the best returns in? Would love to hear from investors with boots on the ground!


Absolutely — Memphis is a market I know well, both from actively investing here myself and helping other investors build strong, cash-flowing portfolios. You're spot on with the economic fundamentals, which is already boosting investor confidence and market momentum. That said, concerns around crime and population trends are valid, and that's why local knowledge is critical when choosing the right submarkets. There are definitely pockets in Memphis with long-term stability, strong tenant demand, and solid returns — you just need to know where (and where not) to look. That's exactly how I've built my portfolio and how I help others do the same. To navigate this market, I've got a strong team behind me, including a reliable general contractor, a trusted property manager who keeps units rented and profitable, a local 100% purchase-and-rehab hard money lender, plus connections to DSCR and conventional loan products for purchases and refinances. These contacts help me navigate Memphis with confidence and get into the right deals that align with my personal investing and to help others do the same. Happy to connect and share more if you're serious about exploring Memphis further. Talk soon!

Post: Out of State investment & expected CoC

Jordan Ray
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 390
  • Votes 185
Quote from @Bhavin Patel:

Would you buy your first out of state investment if it's barely doing 4% CoC on the initial investment especially Memphis area?


Not at all. I am easily getting 40%+ returns when using hard money to do BRRRR deals in Memphis. 4% is a terrible return.

Post: Excited to Join the BiggerPockets Community!

Jordan Ray
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 390
  • Votes 185
Quote from @Jayson Ruiz Perez:

Hi everyone,

I’m Jayson, and I’m excited to join the BiggerPockets community! I’ve recently become interested in real estate investing, and I’m looking forward to learning from all of you and sharing my experiences.

A little bit about me:

  • Background: I currently serve in the military and have a strong background in human resources. My experience has honed my organizational skills, attention to detail, and ability to manage complex tasks, which I believe will be valuable as I dive into real estate investing.
  • Goals: I’m looking to build a real estate portfolio, specifically focusing on rental properties, multifamily properties, and commercial properties. I’d love to learn more about the financial side of things and strategies for growing my investments over time.
  • What I’m Looking for: I’m hoping to connect with others who have made the transition from military to real estate and seasoned investors who can offer advice on starting out and building a sustainable portfolio. I’m here to connect with like-minded individuals passionate about real estate and willing to share their experiences. I’m looking to learn from the experts, hear about others’ journeys, and gain insight into the strategies that have worked for them.

    Fun Fact: Outside of real estate, I’m passionate about working out, being outdoors, and I’m also a PADI certified diver! I love staying active and exploring new places, both under and above the water.
  • I look forward to being part of this supportive community and learning everything I can. One day, I hope to partner with others on a large-scale deal, and I’m confident that the knowledge and connections I gain here will help me achieve that goal.

Best,
Jayson 


Hey Jayson, welcome to BiggerPockets!

First off, I appreciate your service—I’m also in the military, serving as a Staff Sergeant in the TN Army National Guard and coming up on 9 years this May, all while being a full time real estate agent and investor. It’s always great to see fellow service members getting into real estate investing!

Your military background will definitely serve you well in this space. Analyzing properties and structuring deals all require organization and attention to detail—skills that translate perfectly from the military world.

I started my own real estate investing journey by using my VA loan to purchase my first property, which was a game-changer. Later, I leveraged the equity I built through a HELOC to acquire my first rental property. That first step with the VA loan set everything in motion, and while my strategy has evolved over time and I now follow the BRRRR strategy for myself, I wouldn't have gotten started without making that initial move.

I'd be happy to share insights on how to maximize VA loan benefits, financing strategies, and leveraging equity to scale your portfolio. Also, if you're interested in connecting with other military investors I have and currently work with or discussing different approaches, feel free to reach out.

Looking forward to seeing how your journey unfolds—stay after it!

Post: What is the norm in Memphis TN

Jordan Ray
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 390
  • Votes 185
Quote from @Brian James:

I have been looking at some properties and even been told by some property managers that it is not uncommon to rent a place with no appliances. In my experience places always had a stove and refrigerator. Anybody else come across this? I have been adding the cost of those two appliance to my CAPEX when analyzing potential deals.

Thanks in advance.


I never supply appliances in any of my rentals and always rent them above market rent.

Post: Transfer tax on quit claim deed from individual owner to LLC

Jordan Ray
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 390
  • Votes 185
Quote from @Pradeep R.:

Hello,

Will there be transfer tax in memphis if there is a quit claim deed done on a property owned by an individual to an LLC managed by the individual?


No sir. Just a filing fee (That's if your title company charges it) I have a realtionship with my title company and they don't charge me for it.

Post: BRRRR Refinance Done Right: True DSCR Loan with a Lender I Trust & Use Personally!

Jordan Ray
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 390
  • Votes 185

Hey Pankil! Tim is licensed in all states. Tim is also not on BiggerPockets but you can call him on the number provided in the advertisement to get started.

Post: BRRRR Refinance Done Right: True DSCR Loan with a Lender I Trust & Use Personally!

Jordan Ray
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 390
  • Votes 185

If anyone is looking for a trust worthy lender to refinance your BRRRR deals with! Give this guy a shot! Best in the game!

Tim Smith - Cross Country Mortgage

Post: BRRRR Refinance Done Right: True DSCR Loan with a Lender I Trust & Use Personally!

Jordan Ray
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 390
  • Votes 185

Tim Smith - Cross Country Mortgage

If anyone is looking for a trust worthy lender to refinance your BRRRR deals with! Give this guy a shot! Best in the game!

Post: Investing in SFH in Southaven Mississippi (near Memphis)

Jordan Ray
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 390
  • Votes 185
Quote from @Mendy M.:

Do you have any thoughts or experience on investing in single-family homes in Southaven, Mississippi (near Memphis), for a long-term buy-and-hold rental?


Yes! Southaven is still a great place for buy & hold! There is a great combination of appreciation and strong rental demand as result of its vicinity to Memphis TN! There is still quite a few locations that hit the 1% rule! I will say Desoto Co Mississippi is getting harder and harder to find investment deals so get in while you can! Let me know if I can help you in Southaven as I live here and I am licensed in TN & MS! Talk soon!

Post: 12k Down for a 3.8% rate. (NOT SUB TO) - Fully legal assumption for Investors

Jordan Ray
Posted
  • Real Estate Agent
  • Memphis, TN
  • Posts 390
  • Votes 185
Quote from @Ryan Thomson:
Quote from @Jordan Ray:
Quote from @Ryan Thomson:
Quote from @Jordan Ray:
Quote from @Ryan Thomson:

I'm surprised this isn't being talked about more in the BP forums. VA loans are assumable by investors! When the seller is willing to let their entitlement stay with the house anyone can assume their mortgage. This opens up a lot of opportunities for the seller to get their home sold quickly and maybe for a premium. Has anyone else done deals like this? I closed a couple last year and would love to connect with more people doing this!

This property is one of the best deals I've found and I'm looking for a buyer. The down payment is only 12k and the interest rate is 3.8%. It will cashflow. But more importantly than that you are paying 10k off in principal the first year of assumption on a 12k investment! 

I have a list of about 48 properties that are currently assumable by investors. I am a real estate agent and trying to represent buyers who want to purchase these properties. I would love to connect with people who....

- are serious about investing in real estate. Who understand the benefits of loan paydown and appreciation. 

- Who want a good return on their money (think 20%+ IRR) and aren't overly focused on cashflow.

- can qualify for a rental property (since this is a fully legal assumption the bank is involved the whole time and you have to qualify. But luckily the payments are so low with rates in the 2s and 3s that its not that hard to qualify. 

Reach out if you would like to learn more about how this works. Let's see if we can get you a rental property for less than 20% down and with rates in the 2s and 3s! 


This works if you plan to live in the property and move out then rent it out after 1 year (Rinse & Repeat). I am pretty sure your buyer wouldn't qualify if he plans to never live in the property at all. Hope this helps!


 That's actually not true! I know it's crazy. But it can be assumed by an investor who never has to move in. I closed 7 like this last quarter. 


How did you manage that? Mortgage fraud?

Nope! It's fully legal. Call the VA and ask them.


I might have too! Interesting! Thanks!