All Forum Posts by: Dewayne Gammel

http://www.ag.idaho.gov/publications/consumer/LandlordTenant.pdf http://www.idaholegalaid.org/article/1333 Hope this helps!!

38111(borders and includes university of Memphis area) 38122( Macon and mendenhall area(borders good side of 38117) 38109(Whitehaven, good and bad spots) 38118(Getwell and knight Arnold area, good and bad spots) Yes Frayser is an average D+ area however it does have some good spots as well as some really really bad spots. So my advice is that you look at the streets on a case by case scenario instead of looking at the areas as a whole. Example 38117 is awesome but it also has some rough areas. (And I grew up in 38117) Just my two cents as a local guy who knows Memphis. I would not be the guy buying property in another city that I'm not familiar with. Unless it was with someone I trusted(and even then I would be hesitant only because it is out of my control and eye sight) Yes there are plenty of "turnkey" operations that would provide an out of town owner great returns regardless of price and with less hassle. However I stick to my invest local belief. I think the properties you are referring to Curt Davis are probably in better areas than what I invest, however there are still deals in all the areas of Memphis. Your better areas are still providing 20-30% returns right?

Biggerpockets podcast 30 Check it out! Talks about peer to peer lending.

Memphis is a very good area to purchase a multi-family or SFR for an inexpensive price. I personally have bought properties as low as 10k. However the purchase price reflect the amount of rehab you will need. I feel it's all in how you want to invest: you can buy the 10k house with 20k rehab or the 20k house with a 10k rehab. Both scenarios are equal, except that the tax benefits are different. All up to you! You want to look for a C+ property that sits on the border of a B+ area. There is a difference in a C+ street or community in a D+ area! I believe that if you don't like an area of Memphis, for real estate investments, move your search over a block or two and you can find something worth buying! I live and invest only in Memphis!