Rental Property Investor · Miami, FL · Member since 2016 · 144 posts · 18 votes
Hi Guys,
I'm a New Investor looking to get into the Memphis Market, but I have no knowledge about this market. I was hoping if anyone has Experienced in the Memphis market, if so can you provide me insights of this market? Is it Ideal place for BUY and HOLD?
@Carlos Toussaint The key is to find a great team! Ideally you would find a company that has everything under one roof. Acquisitions team, renovation crews (fully licensed and insured), Property Management, and a Real Estate Investment Brokerage in case you ever decide to sell.
By teaming up with a solid firm you can mitigate your risk and have some "boots on the ground" that have your best interest in mind.
@Carlos Toussaint - I agree with @Rashard Alomari! While I love investing in Memphis, I won't go as far as to proclaim "ideal"; there issues with buy and holds here like any other city. But considering the number of renters, rentals, and investors, there are many good reasons to consider Memphis.
Let me know sorta what you are looking for and I can help point you in the right direction !
@Carlos Toussaint The key is to find a great team! Ideally you would find a company that has everything under one roof. Acquisitions team, renovation crews (fully licensed and insured), Property Management, and a Real Estate Investment Brokerage in case you ever decide to sell.
By teaming up with a solid firm you can mitigate your risk and have some "boots on the ground" that have your best interest in mind.
Carlos Toussaint , give James Wachob a holler, you won't be disappointed. I am also looking into investing in that market and so far it looks that James's company is pretty solid if you want turn-key! You must have a solid team there and boots on the ground unless you want to move there.
Good luck!