All Forum Posts by: Allie McAlister

Hi @Kaleb Johnson

Memphis offers some great options for first time investors like yourself. I'm happy to set up a call to discuss how Memphis could be a good fit for you depending on what strategy you're looking to implement. I only work with out of state investors to find great deals for them in the Memphis real estate market. 

Happy to help!

@Aristotle Kumpis

I would definitely advise you to look into hard money lending options if you're looking to buy with little to no money down. You'll have higher rates going that route, but it may be a good fit for you. 

What market are you looking to purchase in? 

@Fulati Paerhati

Memphis has a lot of options under the $200k mark for cash flowing investment deals. 

I'd be happy to connect and discuss how the Memphis market could be a great fit for you!

Best of luck. 

@S. Henderson

I'd definitely recommend you to reach out to Nick Bowen and Lawson Roberts with Triumph Construction. 

They do great contracting work for my clients' investment properties and have been working on our own personal investment properties at CrestCore for years. 

I trust these guys immensely, and I'd absolutely recommend you reach out and see how they could be a great fit for your rental business. 

Best of luck!

@Shayan Sameer

There's many opportunities in the Memphis market if you're looking in that $200k or less price range and trying to hit the 1% rule. 

There's a ton of blue collar and healthcare jobs that are providing a tenant demand for houses in that rent range, and more to come with Blue Oval City expecting to be operable in late 2027. 

@Matt Wan

Great question. Hiring a mobile notary is absolutely doable and how most of my out of state clients close on their SF/ Small MF deals. Larger multifamily deals may require you to be physically present for closing, but at that point is a better question for your lender/ title company. 

Hi, 

@Johnny Lynum

This depends on what market you're starting out in. For instance, if you're in some of the well known markets that multi-family does very well in ( Boston, Columbus, Etc. ) , multifamily could be a great starting point for your investment business. 

However, if you're looking for some steady cash flow in our market here in Memphis, single family is going to present you with a ton of opportunities that the multifamily market may not. Now of course, you can make both work here in Memphis, but you've got to be " all-in " in a sense to really build a good multifamily portfolio. 

I'd take that mindset to whatever market you're looking to start out in, that it's not necessarily always going to be more beneficial to start in single family vs. MF, but it's more about what that particular market supports.

Hi, @Celine Besson

I work exclusively to help my out of state investor clients find great deals in the Memphis real estate market. And many of my clients are taking on the BRRRR method. So, yes, you can absolutely have a great rental business as an out of state ( and even international ) investor, as long as you have a solid team that are your boots on the ground.

You need a rock solid property management company and a great general contractor that will keep a close eye on everything that's going on with your property, especially being out of country. It is essential to have a great team. 

Will this be your first time investing in real estate?

Hey, Femi. 

Education is a great goal to start with as you look to purchase your first investment property. Have you already chosen a market(s) that you're looking to get started in, or are you still evaluating market trends in order to make a decision? 

Bigger Pockets has tons of podcasts and forums like this one to help you get started. 
 

@Anthony DiSanzo

If you're looking for low entry point properties that will stay in demand with a strong tenant base, I'd advise you take a look into the Memphis market. 

Amazon and Nike both have large plants in the northwestern part of the city and Memphis is also home to FedEx world headquarters. In the next year, Blue Oval is about to provide 6,000 jobs from the manufacturer alone, and these are just a few of the companies feeding into the surplus of job opportunities ( and therefore tenants )  in the city. 

If you have questions, I'm happy to give you a better picture into what the rental market is currently looking like.