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Updated about 8 years ago on . Most recent reply

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47
Posts
11
Votes
Albert L.
  • Investor
  • Temple City, CA
11
Votes |
47
Posts

Want to invest in Memphis, but have reservations

Albert L.
  • Investor
  • Temple City, CA
Posted

In doing my research, I'm so-so on the Memphis market, but like some of the turnkey providers there with a long track record of credibility, trustworthiness and not disappointing investors, which is #1 in my mind.

Some of the concerns I've read, but I understand may be skewed as I haven't read as much regarding other markets are:

1 - Difficulty finding tenants without financial judgement against them from PMs? 2 - Common for no appliances supplied due to theft, even in higher end areas. Good for landlord as less things to fix, but does it say something about the market?

I understand you can't generalize a market, but I'd still like to gather some feedback. If I were to invest, I'd like to focus more on B+ areas, 120-160k, in hopes of a more hassle free tenant. Would this be a correct assumption?

Most Popular Reply

User Stats

39
Posts
10
Votes
Michelle LaRue
  • Roswell, GA
10
Votes |
39
Posts
Michelle LaRue
  • Roswell, GA
Replied

@Albert L. Just curious as to what you have decided about the Memphis market? I am new and looking to invest in Memphis as I grew up there. I still have family there and the prices aren't outrageous.  

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