Starting out in Memphis, TN

[Greg Haygood]

Good Afternoon REI Community,

I'm very close to convincing a friend to dip his toe in REI with his first property. He lives in Collierville, TN, which I gather is a suburb of Memphis. I don't know the area very well, and he's suggesting that real estate taxes are a major concern in his cash flow analysis. Additionally, market values seem to be healthy and appreciating. He's also found a property manager whom he feels is experienced and knowledgeable of the area, a gold mine if true. He's a pretty smart guy, and if I can point him in the right direction, I know we'll have another convert (lol).

I live in Washington DC, so I know the market is dramatically different, and I'd like to give him local advice.  Are there any BP investors in the Memphis area willing to share their experience and/or advice?

Much appreciated,

Greg H