Success in Memphis

[Pamela Starnes]

This might not be the usual "success" post in this forum category, but to me it belongs here as I can say I had a successful week as the first time evaluating an out-of-state investing market. I am currently investing in small apartments in the Los Angeles area and have looked into Memphis as a possible out-of-state area to consider for part of my future investing as it is known for good cash flow and I also have family there and a basic familiarity with the city. I label my trip a success as I was able to accomplish my goals for the week of: 1. putting into action the steps needed to go out and investigate a new market instead of just sitting back and talking about doing something and not taking action 2. getting a good grasp of the layout, neighborhoods, and demographics of the market 3. meet, interact with, and learn about the business model of many of the active members of REI in Memphis that I have met on BP.

My experience in REI thus far has led me to cross paths with many incredible people at all stages of experience in investing but with common traits of integrity, professionalism, ambition and a tendency to place a high value on life-long learning and being of value to others to help propel them toward their own goals. The individuals I encountered in Memphis lived up to this. So when people like @Alex Craig, @Patrick Bingham, @Douglas Skipworth, @Dan Butler, @Tina Sandoval, @Derrick Craig reach out to you on BP just know that these are quality people with a lot to offer and understand the concept of doing good for themselves by doing good for others. 

(my apologies that some of the names tagged don't appear as such for some reason).

[Bill Manassero]

@Pam Starnes

Congratulations!  You are doing it right!  Researching and knowing your market well are fundamental to real estate investing success.  I, too, am a Southern California-based Memphis investor.  I have two properties in Memphis (and others in Atlanta and Indianapolis) and am looking into buying a large multifamily apartment in Memphis.  In fact, @Derrick Craig is my property manager for my Memphis properties.  If I can be of any assistance regarding Memphis, out-of-state investing or multifamily properties, feel free to PM me.  Best, bill