Memphis Areas

[Mike Space]

I am a virtual wholesaler new to the Memphis market. I have had a couple properties under contract where I have been told that they are in good areas but have been told later that they were not in good areas. I would be forever grateful if people could help me out and let me know which areas/zip codes investors are looking to buy in. I really don't like wasting my time but more importantly, my buyers time with properties no one is interested in purchasing.

Thank you all for your help!

[Kevin Perk]

Zip codes can be a bit tricky, plus it will be up to the particular buyer.

For example, 38111 has million dollar homes as well as stuff you cannot give away. Yet there are investors who buy in each area.

As another example, I like 38104 and parts of 38107, 38112 and 38114. There are parts of 38107, 38112 and 38114 that I would avoid.

38127 aka Frayser is an area many avoid, yet I also know several who invest and do well there. Same with Raleigh in 38128 or Berclair in 38122 or Hickory Hill in 38141 or Whitehaven in 38116.

We also just had a big discussion on values in 38118 in another forum post.

So I think it will be up to the investor. If I were you I would build a list of buyers by zip code or neighborhood. That way when you get a deal, you can get in touch with your buyers for that specific area.

Here is a link to a zip code map for reference:

http://cbana.memphis.edu/lending2006/Maps/MemphisShelby_ZipCodes.jpg

Hope this helps you out.