All Forum Posts by: David Hutson

This was duplicated

Yes, as @ Alex Craig said keep in mind that I'm relatively new to Memphis, going on two years.  Disregard my 16 years of investing and property management experience because I may not have been able to tell how bad Frayser was when I drove through it and was researching the area.  It may take time for some to know that Frayser sucks but honestly I figured that out right away, especially since my wife grew up there and still spends several months there a year.  I see how bad it is but I'm fine with a portion of my portfolio being in that area/zip code. 

With that, I do agree with Alex's assessment, though I didn't speak of Frayser in my recommendations or bring up Frayser at all.   

Disregard that I only recommended a property inspector, Jason Lovelace, that I have used several times and which his friend Curt, that he was driving around with, also recommended.

Disregard that I only mentioned Mid South, who is by far my favorite turnkey company in Memphis at this time, who Alex also says that Douglas, as a long time local investor, would be a good person to listen to and have manage properties.  Alex, I agree with you. 

By the way, the company Douglas runs does manage my properties in Frayser and they can be a challenge. 

So @Sam Elder, since you are asking me what my opinion is I will tell you.  I would buy a home from Mid South in Frayser as I know their track record for properties in that area, at least for the past few years, you know, since I haven't lived there all of my life.  You would probably be better off buying in Raleigh or Hickory Hill though.  What Alex and the others have said are true.  It's a challenge but not as bad if you have the right company managing the home.

I don't know your experience or knowledge so again, Mid South will do a great job.  I would would recommend keeping only a small percentage of your properties in Frayser unless you are risk adverse or really want to focus in on the cheaper homes and plan to be very hands on.  In the long run the costs and vacancy will be higher.

That is totally crap.  I'm curious as to whether anyone will want to stay there for that much.  Not much you can do other than move.  I'll keep my eyes open for a good place.  You should start walking the neighborhoods that you like looking for a new home.

No, the meeting is a local, very small group of all levels.  There is no cost for membership.  It's usually $10 to attend and that pays for snacks that we order at the restaurant to get the room for free.  @al williamson normally hosts it and I have covered it for him when he is not around.  Just keep your eyes open for a sacramento meet up.  It's well advertised in advance here is the posts.

If you haven't already set up keyword alerts go into the settings here and add "Sacramento" so that you get an email every time it is discussed.

Welcome to the site. Attending the local REIA meetings as you stated is the best idea for meeting local people. There is also a meetup every three months, usually held downtown. That is a smaller informal setting where we hang out and discuss investing.

@Sam Elder

I have not used Brandon Dyles but I'll add my two cents.  Jason Lovelace is my primary inspector for my Memphis portfio.  He does a great job and can usually get to my inspections pretty quickly.  I was talking to him this week and he is getting over a serious cold/flu so give him a call if Brandon doesn't work out.

On a side note, I am also a major fan of Mid South Homebuyers and my partner and I have several homes from them.  They are my preferred company for turnkey at this time.

@Patrick Scifres,

Welcome.  It's good to have another BP member that is familiar with Mempis.

@Jessica Sorensen, a carpenter or fence company will.  I don't need fence work too often and it's easier to have one less person to contact.  My last few landscapers took care of my fence issues.  I'll give Craig at Valley Redwood a call.

If you find someone good let me know too.  I go through them like crazy.  I get a good one who ends up moving, or stops showing up or quality goes downhill...

I have a few hundred feet of fence to be done soon so hopefully you get some good replies.

I also agree with Douglas.  As a buy and hold person though, I kinda wish they would go down in value so that the taxes go down with it.  My taxes on all of my properties are all creeping up.

Memphis is a pretty steady market.  If you look at any of the home values over time Memphis has stayed fairly flat.  So while you may pay full price for a turnkey home it shouldn't go down much, but probably won't go up a lot either.