Flips in Memphis

[Jimmy Warr]

Good Day BP. Can anyone speak on the current market here in Memphis Tn and is it sustainable for Flips? I am starting out in investing, and any advice from local investors would be very appreciated.

[Curt Davis]

@Jimmy Warr 

Like @Dean Letfus stated there is a lot of competition here in Memphis with several companies like ours and there is also several smaller guys who only flip homes mostly to companies like ours.  

I would suggest you first start attending your local REIA club called MIG, its a great place to network and meet others in the local market though most of the heavy hitters dont attend.

A lot of guys like you starting out are looking to do some quick flips, get yourself some bandit signs that say things like " We Buy Houses, Fast Cash Offers " with your phone #.  I cant tell you how much money some of these guys make just by placing signs out, going to see if its a deal and then flipping it to companies like ours. 

Good luck