All Forum Posts by: Chatoyer Woodland

@Gail Gray

Hi Gail, we have experience with airline crashpads and are interested. Please PM me so we can discuss options. Look forward to hearing from you.

-Michael

Looking to turn my SFH about 6 miles away from CVG into a crashpad for airline employees. I am a regional FO and was wondering if anyone has had any experience in or has any. recommendations before starting this endeavor. I currently own several multifamily properties but this will be a new niche for me.

Any Advice or feedback is greatly appreciated. 

I was wondering if you ever moved forward with a crashpad. My wife is an FA and went want to do a crashpad in DFW.

Hey @Takeshia Martin

I'm an out of state investor. I own a property up in Memphis and currently under contract for another. I created this list about a year ago so the quality of these areas have probably changed as Memphis is rapidly growing. Needless to say, it still will provide you a general idea of what areas to look at:

Good areas:

• Raleigh 38128 (try to push as far east as you can)
• Bartlett- expensive, but solid
• Cordova - expensive, but strong. Still some unincorporated areas so those would be county only tax, very rare to find one
• East Memphis 38117, generally solid, drops off a bit south of Quince. E.
• East Memphis - 38111 -generally great, can get spotty when you go too west on the southern part of the zip code near the Orange Mound area. North of Southern Ave is $$ and University of Memphis. This is very street to street from 250k+ homes to shacks.
• Midtown/ Cooper young -38014, similar to 38111. Very complex area. Huge developments and improvements in this area. Really need to know your stuff if you're going to buy here.
• Whitehaven 38116, has its bad areas, but good investment areas. You'll find some rtv opportunities 1-1.5% here with less risk than Frayser. Working class neighborhoods
• Parkway Village and Hickory Hill -38118, 38115 similar to Whitehaven
• Westwood/west Whitehaven - 38109 - some good finds.
• Germantown - $$$, very few deals in general as it is similar to Collierville, maybe some on western edges, but those are very hard to find.

Areas to avoid:

• Frayser 38127
• Orange Mound 38114
• North Memphis - 38107
  South Memphis - 38126, 38106

I hope this helps.

@Jennifer Saylor Hello Jennifer, I actually have a few properties that fit your exact description. I personally invest in the areas you mentioned. If you like I can also share my Memphis Investment Map with you.