All Forum Posts by: Matthew Taylor

@Josh Day welcome to town.  I am also a transplant from Kentucky and my wife is a DPT.  

Sounds like you have a good plan outlined.  

There are lots of local investors on BP and great resources, like @Elizabeth Wilson .  

Thanks @Don Konipol.  I was hoping to have a few alternatives available but it doesnt appear that way.  Do you have any recommendations for what I could do to add some "selling points" (i.e. build a home, develop lots, etc. with a certain timeframe) to a lender and have other financing options?

I am looking at a piece of property that is 50 acres. It has some timber value as well as 10 or so tillable acres. This would be a long term investment with the benefits of recreational use and likelihood of homesites being developed or subdividing of the property. No home construction would take place for a couple of years. I am curious as to what my financing options would be for this type property. Owner has stated they may consider financing but that isn't ideal for them. I appreciate the feedback.

Like @James Wachob said, jump right in. It's the best way to learn.  You will likely be living rent free while gaining equity. You can't beat that. You have probably already considered it but make sure you are comfortable with the current lease agreement.  Best of luck, you will do great. 

@Dan Beaulieu congratulations and fantastic job.  Your overconfidence achieved you a confidence boost.  We are finishing up our first flip in Memphis and are excited to share our experiences. 

Hope your visit here is a good one.  There is a solid contingent from Memphis on BP.  @Elizabeth Wilson @Douglas Skipworth @James Wachob are all great points of contact.

@Christopher B. this is incredible. Keep up the good work. Hopefully you can continue to minimize that budget variance. Interested to hear more. 

@Faith Wicks I agree with @Elizabeth Wilson about gaining experience by working for a real estate company or another investor.  I hear lots of success stories from people starting that way. Wish I could've done it myself. 

@Allen Porter welcome to BiggerPockets. The information here is priceless.  There is a large Memphis presence as you will see. Best of luck. 

@Douglas Skipworth very interesting to see the cost comparison to other regional cities. A dollar goes a long way here in Memphis. 

@Santiago Mejia, welcome to BiggerPockets and investing in Memphis. @Douglas Skipworth is an incredible resource for investing in Memphis and is more than willing to help. @Alex Craig also provides lots of insightful and valuable information on BP.