All Forum Posts by: Susan Maneck

You are asking for two very different things. A real estate attorney doesn't normally take pictures for you. You would likely have to ask a real estate agent for that kind of help. 

I would think a bed and breakfast in Vicksburg would be great, although Natchez would be even better for that. I've never done a fix and flip myself, I've always stuck with BRRRR because rents were the only thing that can be counted on. Some of my best properties were often from people who tried to do fix and flip and ended up losing their shirt. The profit margin isn't that high, but I see a lot of people seem to be doing this in the area now. The people I know who made money doing other kinds of short term rentals had properties in the areas of Jackson right around the hospitals; the Belhaven and Fondren neighborhoods.

You really can't count on properties appreciating in Jackson. I bought my properties towards the end of the Great Recession which Jackson was slow to recover from. It took until the pandemic for my properties to appreciate much. The good news is that the returns in rent were always enough to make it worthwhile. 

Quote from @Jennifer Haliday:

Thank you. That’s a blessing and completely understandable. I reside in Hattiesburg and I recently invested 5K on a Wholesale Program, thinking it would be really hands on and structured more like a mentor program. Are there any mentee programs or anyone looking to mentor that you could refer?  Thanks again. 

I think Hattiesburg is a great place for buy and hold, thanks to Southern Miss. Be careful with wholesaling. Much of what goes on in the name of wholesaling in Mississippi is illegal. Your best bet might be joining a local real estate club. 

I've always invested in the Jackson area, mostly because that is where I lived and worked and I knew the neighborhoods. I live in California, having moved here during the pandemic to take care of my 91 year old mother, but I still own a fair bit of property there. Most investors seem to prefer the area around Memphis or the Gulf, but like I said, I invest where I know. 

Is this a cash deal? Because lenders often won't loan on a property with foundation problems. 

My understanding is that in Mississippi a property manager must have a real estate broker's license. I don't think there is a separate property management license.

I use Katrina Hawkins who owns Dove Realty. 

Quote from @Christina Hernandez:

Thanks, Susan, can they create a legal note or do they have an attorney?

 I think Luckett himself is a lawyer but I've never met him. They handle all the legal stuff. I've used them several times, in fact I have a property about to close with them right now. I've also used them when I bought property from a friend and  when I was the mortgage holder for a house I bought for my son. They handled all the paperwork for that. 

I've been happiest with Luckett Land and Title in Jackson.