All Forum Posts by: Dean Harris

My portfolio in Memphis is strong because of the entry price point and the tenant base. I have had several vacancies pop up during the pandemic and I have not had any issues with finding quality tenants for higher rent than I expected. I have one on Obion in 38127 and this is a historically a $700-$750 rental and I got a 2 year lease (Non Section 8) for $800 on the 2nd day it was marketed for rent. 

The work force is driven by "Blue Collar" jobs with FedEx, IP, Logistical companies, etc and those people are usually tenants. 

Lastly, we have seen appreciation recently and that has historically been found here. 

Lots of really good reasons to invest in Memphis. 

@Cesar Castillo

I have completed 8 BRRRR's this year personally. I am happy to answer any question you may have about the BRRRR process in Memphis. Extremely affective for me and you don't have to buy someone's else profit! I'm happy to show you how I did it!

Best of Luck!

You guys can check it out wherever you find Podcasts or you can search the page on Facebook. The show is titled "The CrestCore Real Estate Hour". 

I host a weekly podcast where I discuss every investment zip code. I break down the price points and what to avoid along with industry news for certain areas as well as why we personally invest in these markets! I just completed these shows and they are free to listen. 

10-15% vacancy is outrageously high. I own 20 houses and none of them are vacant and they dont take but a week or two to rent. Buy in the right areas and do a great job on your rehab and you wont have nay issues finding a good tenant!

@Brandon Michael Allen Welcome!

Memphis actually has some of the best cash flow in the country. My rentals in Memphis are performing very well!!

@Greg Haygood

Hi Greg! I live in Memphis, TN and I personally own a buy and hold portfolio. You definitely need to be bale to trust your property source and they need to be in the same boat with you on their own personal investing. Memphis and the surrounding areas can be tricky so just make sure you are dealing with a trustworthy property source. If the source is an investor, ask them what they own and how they bought it. This will help you determine the difference in someone "selling" you a property versus offering up guidance and help with building your portfolio. 

Collierville is a great community but it doesn't have the returns you might be looking for or might not have the returns as other areas in Memphis. I'm happy to answer any question you may have based on my personal experience in Memphis. 

Best of Luck to you!

@Aron Schlabra

I personally own a rental portfolio here in Memphis and I host a weekly podcast and I just completed week 1 of 3 of a Memphis Investment Zip Code break down. Giving you sold house stats, average pricing and my opinions of each zip code. Make sure you trust your property source and make sure whoever gives you advice owns rentals themselves. Its hard to get proper advice unless your source is in the same boat you are in! You can find the podcast on Facebook and our YouTube channel. Just search "The CrestCore Real Estate Hour".

Best of luck and I'm happy to answer any question you may have based on my personal experiences in the city. 

@Joaquin M Dugan Jr

I own a rental portfolio in Memphis. I also work with OOS investors exclusively. There are certainly places you want to be in and places you definitely don't want to be in. Building a trustworthy team that can have the conversation with you about actual investing would be my advice. There are a lot of investment property sources in Memphis and the majority of them don't own a rental property themselves. To me, that would be like putting money in the stock market with a stock broker that doesn't have a dime in the market. 

There are thresholds that OOS investors should abide by when it comes to rental amounts and price for a property. Best of luck and I am happy to answer any questions for you based off my personal experience. 

@Jake Fahey

Of course. I am happy to talk with you about it.