Need a good commercial realtor for the Memphis area

Residential Real Estate Investor · Jackson, MS · Member since 2015 · 19 posts · 7 votes

Hi All,

I'm considering some multi-family properties in the Memphis area. Would very much appreciate any recommendations for a great commercial realtor there.

Thank you!

Lisa

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James WachobBusiness Member

Real Estate Broker · Memphis, TN · Member since 2015 · 1k+ posts · 888 votes

10y

I would love to help in any way I can!

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James WachobBusiness Member
Real Estate Broker · Memphis, TN · Member since 2015 · 1k+ posts · 888 votes
10y
I would love to help in any way I can!
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Douglas SkipworthBusiness Member
Rental Property Investor · Memphis, TN · Member since 2014 · 1k+ posts · 1k+ votes
10y
Hi, @Lisa Schmidt.
I'd start with @Derrick Craig. He's very active on BP and on the smaller end of the Memphis multifamily business (50-units and below).
If you're going for 50+ units, I'd contact Lea Heilig. I'm happy to introduce you to her if you'd like.
Lea Heilig, CCIM
Multi-Housing Investments
(901) 842.5322 I Direct
(888) 252-0319 I Fax
Woodyard Realty Corporation
5865 Ridgeway Ctr Pkwy, #300 Memphis, TN 38120

www.WoodyardRealty.com
Best of luck to you!
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JP Moses
Real Estate Investor · Collierville, TN · Member since 2015 · 12 posts · 12 votes
10y
I know @James Wachob and he's a solid dude. Not knocking the others mentioned. James is just a great guy and works with a lot of investors.
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Lisa Schmidt
OP
Residential Real Estate Investor · Jackson, MS · Member since 2015 · 19 posts · 7 votes
10y
JP, Douglas and James,
Thank you all for the recommendations. I will be in contact tomorrow. Much appreciated.
Lisa
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Curt DavisBusiness Member
Flipper/Rehabber · Memphis, TN · Member since 2008 · 5k+ posts · 2k+ votes
10y
Jeff Moore with Crye-Leike and Steve Woodyard both probably have the best reputation in our market for commercial Realtors. Just bc someone is a Realtor doesnt make them an expert. I am a Realtor but my specialty is not multi-family.
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Joel OwensBusiness Member
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Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
10y
Lisa the biggest key is to work with someone who has the SPECIFIC skill set and experience you are looking for.
So for instance a broker/agent that works with investors on houses does not generally have the skill level to be working on 40 or 50 unit apartment buildings. Their inexperience of knowledge can costs hundreds of thousands of dollars in mistakes.
Not all commercial brokers/agents are created equal. Make sure whoever you work with has the track record in that niche. You definitely do not want agents dabbling in a new niche and experimenting on your transaction. If they are new and you want to use them make sure they have a very experienced broker backing them up in that asset class.
The commercial brokers that say they do everything scare me. They are generally the jack of all trades and the master of none. The people I know at the highest level of their field focus on one maybe two asset niches of commercial and that is it. They do not need to be doing anything else as it keeps them constantly busy.
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Lisa Schmidt
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Residential Real Estate Investor · Jackson, MS · Member since 2015 · 19 posts · 7 votes
10y
Joel,
Great advice! Thank you.
Lisa
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