Updated almost 9 years ago on . Most recent reply
Tennessee investor looking into Memphis Real Estate
I have been looking at properties all around my home state (Tennessee) and have recently come across Memphis multifamily and single family properties for really good deals. I have run a lot of numbers on some of these properties and can determine that they definitely warrant further looking into. I'm interested in a buy and hold and BRRR strategy approach. What is your experience with real estate in Memphis? I feel overwhelmed by the amount of cheap properties that seem like they would be strong cash flow investments coming from there. I know I read an article earlier today from Bigger Pockets that showed Memphis as a top cash flow investor place for 2015. Surely there is something I am missing? Any Memphis investors that can attest to to whether Memphis would be a good place to begin my first investment?
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I don't fully agree. if you screen your Tennant's well, and have your checks and balances in place... Even the cheaper homes in Memphis can be a good start to an investment portfolio.
A good deal is a good deal. Whether it is a "cheap" deal is really relative. It all depends on what your appetite is. To me, I can stomach a "cheap" deal all day long if the returns are where I want them to be.