I pursued the Memphis Invest informational, phone chat, etc.
A bit of high pressure…“How much do you want to invest?”…“How many houses do you want to buy?”…kind-of-thing. All of it was to be done in-house, and with their folks. Closing was estimated to be $10K-$15K on top of a 25% or more down payment (if financing traditionally).
I spoke to a number of folks, some had good experiences, some had less-than-stellar experiences.
At the end of the day, I decided against, as I don’t think my dollars would go as far, and my returns may not be as rosy as they predicted.
Still looking / considering other options.
The fact is that we’ve done rental houses in the past, and they’ve been fairly seamless. Of course, there are issues that occur and will always do so - that’s the nature of the beast. However, I still think there is better value to be founbd somewhere between doing it yourself and completely farming it all out.
I haven’t figured out where that is ‘exactly’.
My income is good - so I don’t want to get bogged-down in spending a lot of time managing a handful of houses, versus making money doing what I do best (and get paid for, as such).
Apartment buying? Maybe. But again, I need to connect with the right folks / service provider, etc, wherein I don’t feel that the costs are so steep / they have me by the short-curly-hairs coming and going.
You have any insight, Edgar?