All Forum Posts by: Timothy Lewis

Practice. Practice. A lot of YouTube. And more Practice

The title states that it is an illegal triplex but you described it as a legal triplex. Which is it? You have to be careful with FHA. They have much stricter requirements for the condition of properties before you can be funded.

I have been working with Memphis Investment Properties and I love them

You're on the right path Bryan. I would continue to research, educate yourself, and save. If possible, try and find investors in your area you can learn from. 

 I wholeheartedly second this advice. 

You took the first step! If I were you, I would look into out of state investing using the Turn Key model. 

Good Luck fellow pharmacist!

I'll shoot you a PM

Very valid point here. I think once you are comfortable with your team and the process of OOS investing, there will be no need to. The last 3 properties I've purchased were out of state (in Memphis to be exact) and I haven't seen them in person yet. It's really about developing the right team and establishing certain checks and balances in place to provide you a level of trust and comfort so you don't have to physically travel to your property. 

I am also in your same shoes. I currently live in Miami, FL and this is the reason I turned to OOS investing. You should take a look at the turnkey model. Very straight-forward and less stress involved here. However, if you are looking for a bit more returns (and difficulty...and stress lol) you should look at developing a team out of state. Check out David Greene's book. He outlines everything you need to know here: 

https://store.biggerpockets.co...