All Forum Posts by: Jordan Ray

Hi,

I am an out of state investor and have been doing a lot of research on the area and ready to find some deals. Would love to know if anyone can recommend any wholesalers or websites that they have been using to find their deals. 

Thanks!

I’m excited to learn more about real estate investing from like-minded individuals. I’m currently looking at opportunities in the Coachella Valley as well as in Tennessee for short term, midterm, and long-term rental properties. I’m also looking forward to connecting with and learning from like-minded investors.

Hi BP Community !!

Need some advice - I have 3 properties and, have created an LLC for one of them. I am "testing the waters" before fully adding the remaining two into individual LLCs, as this is my first time doing this.

The property is in Memphis, however I live in Los Angeles. There are a couple of credit unions and small banks, which I can join to use their business banking services, even though I am not a resident of TN. OR, I can always go to Chase or BOA for their business banking options as they are national.

My question is which one is the better choice? Yes, there will be limitations of a TN financial institution as I live in CA, and I have read articles about potential tax and filling season issues if you bank outside the state where the business is registered. 

Thank you - Shant 

 Memphis?  I would just run.

Found some recommendation from a friend about reedyandcompany.com real estate company selling some of their short term rental and wondering if it's worth considering the deal? What all to look for when evaluating the criteria? Also if there are any specific zip code or neighborhood in Memphis which are more preffered for short term rental than other zip codes? Any/all suggestion is welcome.

So I get investors reaching out to me everyday and it goes like this:

"Hi, I know you offer turnkey properties and property management and am interested in the Toledo market, I don't want to buy turnkey but was hoping you could help me find a deal.

Also, do you have any contractor and lender referrals?

I'd also love to work with your property management company"

Diplomacy left me a long time ago so how would you guys reply?

Seems like to me that everyone wants something for nothing nowadays and nobody is willing to put in the work or to pay the margin for someone else that is willing to do the work...

Folks want to "own a monkey", play with the monkey, but not "carry the monkey" or clean it's S#@% when it does one hehe

I guess next time I go to McDonalds, I'll ask them for organic burger buns or where I can find them, I'll bring my own meat paddy and potatoes, get them to make a Big Mac meal for me and maybe I throw some change their way haha

How about those analogies above... lol

Have a great weekend guys and much success with your investing 🙏

Over the past couple of months I have been earnestly learning about the world of real estate and all that it has to offer. I’ve recently taken a jab at wholesaling, specifically marketing to the Memphis area, in an attempt to build enough capital to buy my first investment property with cash. I’m also beginning the process of getting my real estate license.

I am really trying to be a sponge of information right now because there is still so much I don’t know as a 21 year old finishing up college, so any tips or guidance will be much appreciated and put to good use! 

Hello to all the friends

Nice to meet you. Ilana Shalu, a student and new investor, part of a group of investors from Israel.

I personally, from a kibbutz in the north of the country

Real estate studies, the thing that is most emphasized is finding local connections for cooperation and mutual trust work

I would love to meet brokers, wholesalers, contractors, property managers in the Memphis area

I plan to purchase about 3 rental properties in the coming year. and one asset to reverse.

I would appreciate your help in achieving this goal soon

I would be happy to talk on the phone and get to know everything from you that will be relevant to me, and you can think that it is already so clear...and for me it will be a treasure.

I am attaching my email here, I would be very happy to be in touch

Thanks,

His Ilana

@Jordan Ray - thanks for the info. Yes it is east of US51. Close to nike and amazon..

Hey all

i am an out of state investor. Please let me know the best zipcode to invest in for good appreciation of the property at the moment in Memphis. 
i recently bought one in 38127 and looking into buying more in memphis but unclear on the latest market shifts from a appreciation standpoint and good rental income..