All Forum Posts by: Jordan Ray

Hi BP, 

Based in CA and gearing up for my first BRRRR (remotely). I'm in the process of choosing a market to focus on and wanted input on strong BRRRR markets right now. Looking for your suggestions.

I'm aiming for the best shot at getting as much money out of the deal so I can do several more. Specifically, eyeing entry-level markets with all in purchase + rehab between $80k to $170k.

What markets do you think I could maximize the likelihood of recouping most, if not all, of my cash? I’m in discussions with teams in Memphis and Detroit, but I'm still open to exploring other markets before making a final decision.

Thanks in advance for any suggestion and input.

Hi Guys,

I am planning to get my 2nd rental in memphis. It will in he range or 140K to 150K (38118 or 38109). Are there any banks/lenders which would provide some incentives on closing cost and give good interest rates? I have heard there are some local financial institutions which encourage investing in certain areas and are willing to provide some incentives. Please advice..

Hey BP, was having a conversation with a newish investor and was discussing markets on a macro level.  We were talking hypothetically if you were targeting markets where investments were under 250k which would be the best markets to look in.  I gave him some ideas, (OKC, Omaha, parts of TX) and he was dead set on the south.
Thought this would be an interesting question that if you want to build a portfolio but only could target homes under 250k to hold as rentals, where would you look?

First post on BP, hi all.

I'm engaging Memphis agents so I can attempt a first BRRRR. This will be a long distance BRRRR (I'm located in California).

I've got 8 turn-key SFRs but now want the money to work harder.

Do out of state BRRRR investors have tips on getting started and/or pitfalls to avoid?

Memphis investors, is it realistic to expect deals where I can buy a SFH for $100,000, spend $40,000 on renovations, and then have it appraised for $170,000+? Trying to start small, learn the process, then do a few of these a year if it's successful.

Hi Guys,

I am looking to purchase a property in the White Haven-Coro Lake neighborhood on Berta Road, Memphis, Tennesse. This is a turnkey investment, and I would appreciate it if you guys could provide me with answers to the following questions.

1. I am looking at this as a cash flow play and would like to know if this neighbourhood has the potential for rental hikes around 3 to 5 percent in the next 5 years?

2. Could you guys provide me with insights on nearby industries? Do you anticipate any appreciation for the property in the next 5 to 10 years?

3. Are there potential risks you see in this neighborhood that I need to consider in my decision?
Buyan

My professional goal is to become a "sophisticated investor" and I am seeking any sort of Jr. Broker/Entry-level type role in the commercial real estate world. I have been trying to break into the residential space on my own by driving for dollars, knocking on doors, sending letters, and cold-calling lists of vacant, pre-foreclosure, and tax-delinquent properties. However, given the investor-heavy saturation of Memphis' residential options, my efforts have not amounted to any real results. I have been slowly shifting into the world of CRE and I'm seeking to work under an individual or a team of professionals in the commercial space to learn and grow in the world of real estate investing. I'm a 24 y/o Memphian looking to gain experience in any way I can.

Hello everyone,

Longtime lurker here, I've been educating myself about the space and saving up capital to start my real estate journey. My goals are primary to BRRR and value-add. Basically to buy a property below market value, add value/equity, rent, and refinance, however, I do want to draw out a lot of my capital or leave at most 20-30k in the property (or whatever the more experienced people think).

Because of my goal, the Canadian real estate market doesn't seem particularly great for this, especially with the overwhelming average and median prices of homes, so I believe it would be in my best interest to invest in the US market which has much better prices and can give you a better bang for your buck. I believe that starting out, you would need to find an investor lawyer and accountant to help you set up the legal entities in both countries, then research your market, find financing, build a team, and so on. 

I would love to hear from more experienced people who have done the following in the past, what your thoughts are, and any advice you could provide

Hello!  First post for long time forum reader.  Had a succesful investment with College friend 10 years ago and now we are cashing out and going our separate ways.  The property is in Texas and has been handled by the friend for the most part and I was working abroad for the majority of the time of the past 10 years, so sadly to say I am just starting out on my own.  Right now, I am anticipating 500+k cash soon and is trying to find the best place to put it to work before the interest rate goes down, i.e. acquire worthy assets and hold.  I have been looking around the LA county area with an agent for months and 600k can only get me a 2b2b condo for the most part, if I want to stay away from San Bernardino or other ghetto areas.  A friend who is a mortgage borker has been telling me to split the capital into 2 and buy 2 condos with mortgage instead, paying 50% downpayment.  I didn't like the idea at first but after the tiring search with no good targets at sight, I am beginning to toy with that idea.  If you were me, what would you do?  Newbie desperately needs some advice!  TIA!! 

memphis sfh off market 38122