Updated over 5 years ago on . Most recent reply
fix and flip at Memphis, TN
Hi Everyone,
My name is Gili, and I am new to real estate investing in the US. I Did my research and decided
to invest in Memphis , TN.
My plan is to start out by purchasing SFHs, in a C class (and above) areas with a budget of
up to $70,000 (All in).
Can anyone provide some tips for me?
Any special or unusual RE rules that I should be aware of?
What are the best neighborhoods to invest in for fix & flip?
What are the worst (high crime areas)that I should stay away from ?
Thank you for your help.
Gili.
Most Popular Reply
Hi Gili,
Take a look at this video; I found it was consistent with months of research I had to do: https://www.youtube.com/watch?v=bwHPgnQJsbY
I have mostly looked at B/B+ neighborhoods; south of Germantown (38125) or around Bartlett (38135) have been most promising. Areas around the airport seem to be less desirable.
Property taxes (city of Memphis vs Shelby county) may also be a consideration.