Are there good Real Estate opportunities in Memphis

[Michael Kern]

I'm relatively new to real estate investing. I'm stationed here in Memphis for the next 3 years and was wondering if this was a good place to start my real estate career before I make the decision on whether or not I should get out of the military? 

[Will Fraser]

Hi @Michael Kern, there are certainly some good opportunities in Memphis, and some pitfalls to watch out for.  As to timing, the beauty of real estate investing is that it can be done in such a way that it is completely independent of your location, even if you are managing the property yourself.  In order to achieve that reality, though, you'll want to begin with that end in mind and build systems around it.

If you have the ability to do so, I'd recommend house-hacking at least once while you are still in Memphis, and then perhaps there will be some good opportunities to pick up rental properties outside of this strategy while you are there. This will give you a financially efficient way to test the local market and see if it is to your liking, while optimizing the benefits of the VA loan.

Here is an article you might find useful on that:  https://www.biggerpockets.com/...