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All Forum Posts by: James Wachob

James Wachob has started 132 posts and replied 988 times.

Post: What area is safe in the Memphis tn area?

James Wachob
Posted
  • Real Estate Broker
  • Memphis, TN
  • Posts 1,443
  • Votes 851

Hello @Antoine C.,

Our city holds a lot of hidden opportunities. Shoot me a message with your information, so I can give you a copy of the investment map of Memphis. 

Post: 🏡 Looking for a Property Manager in Memphis! 📢

James Wachob
Posted
  • Real Estate Broker
  • Memphis, TN
  • Posts 1,443
  • Votes 851

@Shai Shushan have you met @Bernice Retzloff? She has worked with several of my clients to find BRRRR properties in Memphis, TN.

Post: Most positive cash flow cities, tax friendly states, Landlord friendly states?

James Wachob
Posted
  • Real Estate Broker
  • Memphis, TN
  • Posts 1,443
  • Votes 851

Hello @Brian Jackson,


Memphis should definitely be on your radar. It’s one of the strongest cash flow markets in the country, with relatively low property prices and solid rental demand. Investors here consistently see properties that have cash flow from day one, and the barrier to entry is much lower than in California.

From a tax and landlord standpoint, Tennessee is also attractive. No state income tax, no rent control, and a straightforward eviction process make it one of the more landlord-friendly places to own rentals. And because it’s a logistics hub (FedEx HQ, major distribution centers, and growing industries), rental demand stays strong.

I’ve been in Memphis my whole life and have spent over two decades helping investors navigate this market and build profitable rental portfolios here. If you’re open to taking a closer look at Memphis, I’d be happy to run numbers for you on some properties that match your goals. Let me know how you’d like to proceed!

Post: What is the good location to buy a rental property for 250k cash ?

James Wachob
Posted
  • Real Estate Broker
  • Memphis, TN
  • Posts 1,443
  • Votes 851

Hello @Fulati,

With that budget, I would look for houses in East Memphis, Cordova, or Bartlett. Memphis is full of opportunities; whether you're looking for properties that are cash flow or appreciation focused, or both, the Memphis market will always have something for you. Please feel free to reach out if you want to learn about the Memphis market.

Post: Where To Buy My First Rental Property

James Wachob
Posted
  • Real Estate Broker
  • Memphis, TN
  • Posts 1,443
  • Votes 851

Hello @Zachary Young,

You should consider putting Memphis on your investment radar if you haven't already. Much like other markets in the Midwest, investors go to our market because of the low barrier to entry. You can find great investment opportunities out here that are under $200k. You can get something that's turnkey or new construction at this price point, and most importantly, there's a strong tenant base ready to rent out these homes. Our city holds a lot of gems if you know where to find them. Please feel free to reach out if you want to learn more.

Post: Where to start investing in real estate?

James Wachob
Posted
  • Real Estate Broker
  • Memphis, TN
  • Posts 1,443
  • Votes 851

Hi Matt,

Memphis holds a lot of hidden opportunities. Investors come to our market because of the low barrier to entry and that we have a solid tenant base that provides solid cash flow to out-of-state investors like yourself. Please feel free to reach out if you have any questions.

Post: Thoughts on Investing really close by international airport

James Wachob
Posted
  • Real Estate Broker
  • Memphis, TN
  • Posts 1,443
  • Votes 851

Hello @Sino U.,

I have sold and been managing properties that are near the MIA and haven't had any complaints from residents who are living in them. If anything, they love being close by, as most of them are working at FedEx. Our city holds a lot of hidden gems. Please feel free to connect if you have any questions. 

Post: Investment Opportunities in Memphis

James Wachob
Posted
  • Real Estate Broker
  • Memphis, TN
  • Posts 1,443
  • Votes 851

Hello @Daniel Summer,

The Memphis market has a solid MHA/Sec 8 rental. We've rented out some of our best investment properties (New Construction/Turnkey) to Sec 8 residents, and the rent guarantee always helps in achieving consistent cash flow each month. Also, our team has a lot of experience in working with Sec 8 residents and getting properties approved. What we've learned is that Sec 8 residents would usually stay longer than a non-Sec-8 resident. Please feel free to reach out to me and my team if you would like to come up with a game plan and build your buy box. 

Post: -- Out of State investing -- Locations

James Wachob
Posted
  • Real Estate Broker
  • Memphis, TN
  • Posts 1,443
  • Votes 851

Hello @Anthony DiSanzo,
I’ve lived in Memphis my whole life and have been helping investors like you build solid rental portfolios here for over 20 years. Memphis is a hidden gem for real estate investing. The prices are still really affordable compared to other cities, but you get solid rental income potential. It’s got a steady job market, especially with major companies like FedEx, Amazon, and international logistics hubs around here. That means there’s always a demand for rentals, especially in the right neighborhoods. Plus, the city’s been growing steadily, so there’s room for appreciation too. If you're looking to build a solid, long-term portfolio, Memphis is definitely worth considering! Please feel free to reach out if you want to learn about our market. 

Post: Newbie & long distance

James Wachob
Posted
  • Real Estate Broker
  • Memphis, TN
  • Posts 1,443
  • Votes 851

Hi @Radhika S.,

I totally get where you're coming from—diving into real estate can be a bit overwhelming, especially with kids and everything else on your plate. But it’s awesome that you’ve got a plan and are ready to make it happen!

I’ve lived in Memphis my whole life, and I’ve been helping investors for decades, so I can tell you that this market is one of the best for out-of-state investors. The prices here are affordable, which means your $50K can go a lot further than it would in places like California, and you can still get solid cash flow from rental properties. The big thing about Memphis is that it’s stable. There’s always demand for rental properties, and with the landlord-friendly laws, you don’t have to deal with all the red tape you might find in other markets. That’s huge when you’re investing from out of state, because it means less hassle and more reliable returns.

Turnkey properties are super popular here because they’re ready to go right away. No worrying about renovations or repairs, so you can start making money quickly. New construction is also a solid option because everything’s brand new, and you’re less likely to run into issues with maintenance early on.

As for research, I'd focus on the local economy and rental demand. Memphis has a steady, growing economy, and there's always demand for rentals, which makes it a great long-term bet. Also, make sure you're talking to your CPA and attorney about taxes, investment structures (LLC, etc.), and local landlord-tenant laws. Those are the key things you'll want to get squared away.

You’re definitely on the right track! Just take it one step at a time, and don’t hesitate to reach out if you need more insight into the Memphis market.