All Forum Posts by: Dean Harris

Jesse: Starting August 3, I am updating my podcast shows breaking down the investment zip codes in Memphis. I have been doing this Specific podcast episode every year since 2017 and I am a life long "Memphian". I also own a decent size portfolio of SF properties here in Memphis and I'm giving you free info based on my actual investing experience in Memphis. That's the one thing to be careful of here in our town. We see lots of providers and people offering advice and talking about certain zip codes knowing they have never owned a property there and likely haven't been in the business long. Proceed with caution and make sure you property source owns rentals themselves. I'm happy to answer any questions you have based off my own investing experience in Memphis. 

Take care and Good Luck!

@Devin Stewart Welcome to BP. You are going to get tons of replies to this email from agents and property providers. Be sure that this property source owns rentals. I don't mean 3-4 either. Make sure they own 30+ and have the proper experience to guide you and not "sell you". Huge difference in those two. Some of the locations that are desirable are becoming hard to source property in. So, some property sources are going into areas that are normally "Stay away" areas and selling the potential and the regentrification of that area. I would use extreme caution there as well. 

Best of Luck to you!!

I own a portfolio of rentals in Memphis and they are performing really well. In part because I take care of my houses and I don't buy in areas that haven't historically been good areas. Investor's go bad in Memphis by buying houses from a property source that is trying to make money and not trying to help you build a business by selling houses in areas where they found a cheap house that they can make money on. They don't realize that one comes with the other! Make sure your property source owns rentals in Memphis. I don't mean 5-10 either. I mean 40-50+ houses and has some experience in our market! Buy houses from that person, take care of your properties and properly vet your tenants. 

I also have a free podcast where I break down zip codes and talk about the city of Memphis and how to invest here. Its free and I share this with all of my investor colleagues and I'm happy to do that for anyone in here! This is all based on my personal investing experience in Memphis!

Take care and best of luck! 

Welcome, David! You are going to have 5-8 agents tell you they can help buy rentals. Be sure to interview them all. 

I own a portfolio here in Memphis and I am happy to answer any questions you may have about this market based on my personal experience. 

I have a free podcast breakdown of all the investment zip codes in Memphis that I created based on my personal experience investing here in Memphis. PM me and I am happy to share it. 

I own a SF family portfolio in Memphis, TN. As long as you stay in the right areas and have a trusted source that also has rental properties themselves, you should be fine. Feel free to PM me, I'm happy to answer any of your questions based on my personal experience here!

Best of Luck!

I BRRRR in Memphis!

@Sam Wilson We have a good amount of "generational renters". Whether they know they can qualify for a loan or not, most of these tenants are comfortable and see no reason to move. The condition of a $800 rental in North Mem vs South Mem is about the same. So, those tenants usually stay in their home and in their community. One thing that usually gets lost with investors or gets swept under the rug because its hard to properly value is the extremely high community pride lots of "Memphians" feel for their community. Memphis residents are a proud group of people for very good reasons. As a life long Memphian myself, I understand what that feeling is. Not all, but a large portion of these tenants don't want to leave their community. 

I just completed a free podcast on my opinion of the Memphis market and what I think 2022 will bring. The focus was on consistency and values. I think our market and the demand is as strong as it has ever been. I also think our pricing has flatlined. So, either way, if you are an investor and you are looking to enter the market, I think there are deals to be had. You just have to trust your property source and your boots on the ground. 

I buy houses from wholesalers all the time. I have a pretty decent size network of good wholesalers here in Memphis that I buy from. You just need to make sure you ask the right questions!