New Investor Focused on BRRRR in Memphis – Looking to Connect

[Rodolfo Poe]

Hi everyone,
My name is Rudy, and I'm based in Tucson, AZ. I'm building a buy-and-hold portfolio using the BRRRR strategy, and I've chosen Memphis as my first target market because of its strong rent-to-price ratios and abundance of fix-and-hold opportunities.

I’m starting with about $90K in capital for my first project, and my buy box is primarily:

• Single-family homes (3/1 or 3/2 preferred)

• Purchase + rehab all-in under ~$80K–$90K

• Post-rehab rents in the $1,100+ range

• Stable, rent-friendly neighborhoods

For Year 1, my main focus is:

• Lining up investor-friendly agents who understand what cash-flow buyers are looking for

• Getting to know property managers who can help me rent quickly and keep tenants long-term

• Connecting with wholesalers who have off-market deals in my buy box

I’d also be open to talking with other Memphis investors about your experience in the market — what’s working well, what to watch out for.

If you’re local to Memphis and open to connecting, I’d love to hear from you!

Thanks,
Rudy

[Jordan Ray]

Quote from @Rodolfo Poe:

Hi everyone,
My name is Rudy, and I'm based in Tucson, AZ. I'm building a buy-and-hold portfolio using the BRRRR strategy, and I've chosen Memphis as my first target market because of its strong rent-to-price ratios and abundance of fix-and-hold opportunities.

I’m starting with about $90K in capital for my first project, and my buy box is primarily:

• Single-family homes (3/1 or 3/2 preferred)

• Purchase + rehab all-in under ~$80K–$90K

• Post-rehab rents in the $1,100+ range

• Stable, rent-friendly neighborhoods

For Year 1, my main focus is:

• Lining up investor-friendly agents who understand what cash-flow buyers are looking for

• Getting to know property managers who can help me rent quickly and keep tenants long-term

• Connecting with wholesalers who have off-market deals in my buy box

I’d also be open to talking with other Memphis investors about your experience in the market — what’s working well, what to watch out for.

If you’re local to Memphis and open to connecting, I’d love to hear from you!

Thanks,
Rudy

Welcome to the community, Rudy — love seeing someone come in with a clear buy box and capital ready to deploy. Memphis is a great choice for exactly the reasons you mentioned: strong rent-to-price ratios, landlord-friendly laws, and plenty of fix-and-hold opportunities that fit the BRRRR model.

With your criteria (3/1s and 3/2s, all-in under $90K, rents $1,100+), you're right in line with what a lot of out-of-state BRRRR investors are doing successfully here. The financing side makes it even more attractive — hard money lenders in Memphis often cover 100% of the purchase and 100% of the rehab, which puts most investors in for only about $10K out of pocket per deal. That structure is why so many people scale portfolios quickly here instead of tying up all their capital in one property.

The biggest advantage you can give yourself is leveraging local expertise. Working with an investor-friendly agent who also owns rentals, and who partners daily with property managers and contractors, gives you the most eyes on the ground. That’s what keeps rehab budgets in line, gets units rented fast, and avoids the headaches that make some people nervous about out-of-state investing.

I work with a lot of out-of-state BRRRR investors in Memphis and can connect you with the exact pieces you're looking for — investor-friendly management, vetted contractors, and deal flow. Happy to share how others in your same position are structuring successful projects here. Reach out if I can be of assistance! Talk soon!