All Forum Posts by: Jordan Ray

Hello BP,

Buying my first property through Memphis Invest/REI tomorrow and need an inspector to make sure everything is alright. I will be out of town when this person inspects the property next week- any recommendations?

Thank you!

So I have some assets in the Memphis area and I want to self-manage from afar due to lack luster property management handling. I am looking for an agent to do the following.

1. Market the home

2. Get a qualified tenant based on thorough check

3. Place lock boxs on the property and get rekeys done. 

4. 6-12 month pop by to check on the property (paid for each pop by)

If this is something you are interested in, shoot me a DM or comment below. 

Hello all! I have heard a lot of investors investing out of state like Ohio, Memphis, Texas, Seattle, etc, but rarely they say they have apartments and anything similar in nature, in California. I live in California, and I know property prices are very high. Is it not smart to start in California because of this? Why do investors not consider CA in their investing? Where can I get information about investing out of state and learning the differences and advantages? 

Hey BiggerPockets Community!

I wanted to share some insights on the Memphis real estate market for July 2024. Home prices are rising steadily, with a 7% increase from last year. The rental market is strong too, especially in Midtown and East Memphis, with low vacancy rates and a 5% rise in rental prices. New developments in downtown Memphis are set to boost property values. With the city’s growing job market and affordable living, demand for housing should stay high. Interest rates might stay stable but keep an eye on them. Emerging neighborhoods like Binghampton and Cooper-Young are getting popular. For investors, multi-family properties are great for cash flow, and local networking is key. Let’s connect and discuss how you can make the most of your investments in Memphis. Feel free to reach out!

Hello! I am looking to house hack, but I am having issues finding the right markets in Northern California that have good population growth or at least a market that has a steady stream of tenants. I am mainly looking for single-family homes, but I am open to other options as well. For reference, I currently live in San Francisco, CA, and am willing to relocate anywhere if the opportunity is right, but preferably would love to find something up in NorCal.

I am a military veteran, but I am currently unemployed to go to college using my GI Bill as a source of income. I am also waiting on my VA disability which will act as another source of income while allowing me to qualify for the VA loan, yet that is a wild card option. Will it be difficult for me to secure any type of mortgage loan or will I have to find an investor? I have a credit score around the mid-700s, a pool of savings of $50,000, and no debt. I live comfortably and have never faced financial struggles.

What are my options for finding the right market and potentially securing a deal in this situation?

Jim Cramer suggests that Memphis RE is heating up in comparison to Nashville. Nice to get mentioned!

https://www.firsthorizon.com/Landing/Virtual-Events/Bryan-Jo...

 Thank you. I forgot about Patrick, great guy and knows his stuff. I'll send send you a DM

Hi Jordan 

I left a message for you at your office 

thanks

Jagan

One of my team members is seriously considering investing in Memphis zip code 38127

I am new to Memphis 

Is this good location to invest?

Anyone has local knowledge please?

thanks

Jagan 

Looking for referrals for  property management in memphis. Working with them would also be a huge bonus. Thanks in advance