All Forum Posts by: Jordan Ray

I've lived in metro Memphis for over fifteen years and I'm just now discovering it's potential for REI. Would love to connect to any and all talent here!

Hey Orhi, 

Looks like it's priced at/above retail. It's been on the market 1 day which tells me the seller likely isn't motivated yet to give you a great price or terms. What is your overall goal/plan for this property? What are you looking to accomplish?

 Do not go outside without a Kevlar vest in Memphis.

Ok thanks Jordan. I suppose the lesson for me here is to validate across several sources, and to actually visit the area the area I'm planning to buy property in.

Hello,

I am new and looking to purchase my first property. I have zero interest in rehabbing/flipping, etc. and am looking at the turnkey approach for long term buy and hold rentals. There are several turnkey companies in Memphis that offer everything in house from purchase all the way to property mgmt. This approach actually seems very easy and streamlined. Looking for reviews on some of these companies - TurnkeyInvest.com, TurnkeyInvestProperties.com, etc. If anyone has worked with these companies or similar turnkey companies, I'd appreciate any info you have to share! Likewise if you have any advice on this strategy (for example - things to be aware of when working with a full service turnkey company like this?) I'd appreciate it! It almost seems too easy/good to be true.

Thanks!

@Hunter Cole welcome to BP! You're doing the right thing by getting your feet wet with wholesaling, let that flip come naturally don't feel like you have to force it to happen because that's a whole nother ballgame. I would advise listening to the Bigger Pockets podcast, tons of educational content in there.

Send some deals my way if you find them in the Memphis area, I'm an active investor here. Best of luck on the journey! 

 Marie: You are scaring me a little right now.  You don't seem to have the correct mindset.  You are not friends.  It is not your job to keep him happy. You are not planning a party together.  You are giving him legal notice that you are entering the building.  The notion that "... he will allow us to inspect our property."   This isn't some sort of meeting of the minds.  You follow the rules for your state about a note on the door or whatever is legal where you are and you do it.

Marie: I sense that you are a sweet, kind person.  Sweet and kind do not do you any good when you are dealing with the **** heads of the world.  You are dealing with a **** head right now.  

I get most of my Memphis news from the Daily Memphian and some from the Memphis Business Journal.  If I were only investing in one of those, I'd subscribe to the Daily Memphian. 

There are other options out there, too, like Memphis Magazine, but, in my experience, you can get 99% of the Memphis news just by reading the headlines of the Daily Memphian each morning.

If you're interested in Memphis and haven't seen this, you need to learn more about it. 

From the Wall Street Journal...

"The plant in Mississippi’s Marshall County, south of Memphis, Tenn., will be the nation’s largest dedicated to batteries for commercial vehicles, with initial output projected to be enough batteries annually to power more than 40,000 medium- and heavy-duty trucks."