Here's What You Need to Know About Investing in Jackson MS

In this episode, Ryan Porter with Next Home Realty Experience tells us what we should know about investing in Jackson real estate. Learn about the particularities of the market, return metrics, the school zones, taxes, common problems, and what you need to do to win in this hot market. Ryan Porter: [email protected]. 601-238-6620 --- Transcript Michael: Hey everybody, welcome to another episode of the remote real estate investor. My name is Michael Albaum and today I'm joined by my colleague, Mark whittling. And we're going to be chatting with an agent out of Jackson, Mississippi. Ryan Porter. local guy knows a lot about the market and is just killing it out there. So let's jump into it with Ryan and learn a little bit more about the Jackson Mississippi market.   Alrighty, Ryan Porter out of Jackson, Mississippi, how you doing, man?   Ryan: Man doing great. So glad you guys could invite me on the show.   Michael: No, we're happy to have you and thanks for taking the time. Really appreciate it.   So let's just jump right into it. Man, you are a Jackson, Mississippi born and raised?   Ryan: Born and raised Rankin County just out of the Jackson area and lived here all my life.   Michael: Awesome. And I'm curious, how did you first get into the real estate game.   Ryan: So a friend of mine gave a book to me around Christmas Rich Dad, Poor Dad. And I'm sure a lot of people got into real estate with that book. And I bought in hook line and sinker several, several years ago. And it was one book led to another and I just never stopped. I've been scratching and calling ever since. And it's been a really, really cool, fun ride.   Michael: That's awesome. I think so many people share that similar experience. I know I did for with Rich Dad, Poor Dad. I just kind of smacked me upside the head. And I was like, Man, what have I been doing up till now?   Ryan: Right?   Michael: It takes just simple book to figure it out and explain it to me.   Ryan: They tried to tell us with monopoly, but we had to be pointed out it's   Michael: Right. Right, right. So you're an agent, you're a property manager, you're an investor. Talk to us a little bit about all the things that you're working on.   Ryan: So last year, I teamed up with a next home franchise and started a brokerage here in Brandon. We've got 22 agents. Now we teach a lot of investing class. That's a lot my background. And a lot of our agents are invested minded. We teach how to we'll do field trips on newer agents to show them how to video a house for someone that's out of town, how to work with clients, they'll never see that house.   So they'll have that special skill set to be able to point out potential problems going down the road, or a potential problem right now it says hey, this is just not a good fit for out of town, this house may need a lot of maintenance, something like that. We want to teach those agents. So we've, we've started that with next home, we've really had a lot of success, we've got a lot of really killer agents.   With our property management. I've teamed up with one of my high school friends that we've remained friends throughout our life, he's got his real estate license with us it next time we started a broker, Property Management Division. Super excited about next rental we used to build software we spent several several months doing our homework on property management, probably another year, doing our personal properties and just our local friends and acquaintances properties to where we felt comfortable. Okay, we could pretty much take anything on, we've seen so much within the last three years of running property management that it's just a really fun job for certain people.   Our employees we have, they love their relationships with the tenants, we've learned that if you can get that right tenant and teach them how to take care of a home in a way that we're not just putting them in a rental home, we want to show them how to take care of a