Buying & Selling Real Estate Discussion

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Nick Monge
  • Rental Property Investor
  • Denver, CO
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Potential quad in memphis?

Nick Monge
  • Rental Property Investor
  • Denver, CO
Posted Oct 9 2019, 14:35

I'm looking at a quad in 38106 (East of 69, on Bellevue).. Seems like an amazing deal.. It's a mom and pop run property right now. All 1/1s, fully occupied. currently grossing $2200 per month. Is this a good area?? Owners will be putting on a new roof before closing as well. I'm in the due diligence period, currently waiting on rent rolls, P+L, contracts on utilities/tv, etc..

Any input on this general area? I hear it's not the best for OOS investors but I also hear memphis is a street by street city for investing..

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