Researching a 26 Door Portfolio in Memphis - help!
All, there is a portfolio I'm trying to do some due diligence on. I'm fairly familiar with the zip codes of Memphis but lack a bit on the street-by-street knowledge. I typically stay out of areas less than C+, like 38127. Can anyone take a quick peek at the map below and identify if any of these properties are in C+ to B neighborhoods? All of these were turnkey at one point and all but two doors are rented out currently. The financials appear great and cash flow looks great, but not sure if there's just too much risk with these ones.
Much appreciated!!!
Most Popular Reply
In my humble opinion, everything on your list was at a D at best. This will not turn out well.
- Curt Davis
Curt Davis - KAIZEN Realty
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