All Forum Posts by: Douglas Skipworth
Douglas Skipworth has started 239 posts and replied 1317 times.
Post: Are Memphis sellers motivated right now?
- Rental Property Investor
- Memphis, TN
- Posts 1,394
- Votes 1,177
It sounds like now might be a good time to be a buyer in Memphis.
If you want to learn more about trends in our market (or about buy and hold, fix and flip, SFR, turnkey, small multifamily, or hard money loans in Memphis), please check out our podcast on YouTube, TikTok, Instagram, Apple Podcasts, etc. Each week, @Dean Harris and I cover it all!
Special thanks to show sponsors CoreLend Financial and CrestCore Realty and to our buyers agent @Allie McAlister!
Post: New Episode Out Now!
- Rental Property Investor
- Memphis, TN
- Posts 1,394
- Votes 1,177
Great episode @Richey Ward! I've been a fan of Brandon's the whole time I've know him.
Thanks for putting out such good content for Memphis investors!
(Full disclosure, I am one of the founders of CoreLend and they are a longtime sponsor of our weekly Memphis podcast, The Investor's Guide to Memphis Real Estate with @Dean Harris of CrestCore Realty.)
Post: Real Estate Investing Coffee Meetup
- Rental Property Investor
- Memphis, TN
- Posts 1,394
- Votes 1,177
Great event this morning in Memphis, @Richey Ward! Thanks for hosting.
https://www.linkedin.com/feed/update/urn:li:activity:7363940...
Post: Why Partially Occupied Properties Are Smarter Investments During Rehab
- Rental Property Investor
- Memphis, TN
- Posts 1,394
- Votes 1,177
Stephen and Shaun have built a strong business in Memphis. I really enjoyed this episode @Richey Ward. Thank you and CoreLend for putting out such good content for investors.
(Full disclosure, I am one of the founders of CoreLend and they are a sponsor of our weekly Memphis podcast, The Investor's Guide to Memphis Real Estate with @Dean Harris of CrestCore Realty.)
Post: Turning $5K Land into Long-Term Wealth | Ground-Up Real Estate Investing
- Rental Property Investor
- Memphis, TN
- Posts 1,394
- Votes 1,177
This is a great episode @Richey Ward! Stephen and Shaun have built a strong business in Memphis.
I'm glad CoreLend is putting out such good content for investors.
(Full disclosure, I am one of the founders of CoreLend and they are a sponsor of our weekly Memphis podcast, The Investor's Guide to Memphis Real Estate with @Dean Harris of CrestCore Realty.)
Post: 1% Rule alive and well in Memphis
- Rental Property Investor
- Memphis, TN
- Posts 1,394
- Votes 1,177
The 1% Rule is alive and well in Memphis, but only for certain types of property. @Dean Harris tells me all about it in this 1-minute clip.
If you want to learn more about trends in our market (or about buy and hold, fix and flip, SFR, turnkey, small multifamily, or hard money loans in Memphis), please check out our podcast on YouTube, TikTok, Instagram, Apple Podcasts, etc. Each week, @Dean Harris and I cover it all!
Special thanks to show sponsors CoreLend Financial and CrestCore Realty and to our buyers agent @Allie McAlister!
Post: Real Estate Investing Coffee Meetup
- Rental Property Investor
- Memphis, TN
- Posts 1,394
- Votes 1,177
Thanks for hosting the Memphis investor meet up this week, @Richey Ward.
I'm looking forward to the next one!
Post: New Episode Out Now!
- Rental Property Investor
- Memphis, TN
- Posts 1,394
- Votes 1,177
This is a great episode @Richey Ward. Stephen and Shaun have built a strong business.
I'm glad CoreLend is putting out such good content for investors.
(Full disclosure, I am one of the founders of CoreLend and they are a sponsor of our weekly Memphis podcast, The Investor's Guide to Memphis Real Estate with @Dean Harris of CrestCore Realty.)
Post: Real Estate Investing Coffee Meetup
- Rental Property Investor
- Memphis, TN
- Posts 1,394
- Votes 1,177
Awesome! I'll be there @Richey Ward.
Post: First Time Investor
- Rental Property Investor
- Memphis, TN
- Posts 1,394
- Votes 1,177
Quote from @Don Jackson:
Quote from @Bernice Retzloff:
Hi @Don Jackson!
First off, huge respect for taking the initiative to shift gears after that wake-up call. Many people think about diversifying, but you're actually doing something about it. That mindset alone already puts you ahead.
Your long-term goals and structured approach are solid! Especially focusing on out-of-state BRRRR deals. Since you're looking to build cash flow and recycle capital, choosing the right market with the right team is going to be crucial.
If you’re still weighing options, Memphis, TN is worth a close look. I’m a licensed real estate agent here who works exclusively with out-of-state investors, and Memphis has a lot of what you're looking for:
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Low acquisition costs (often $100K–$150K for value-add SFRs)
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Strong rental demand and solid rent-to-price ratios
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Landlord-friendly laws
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Established investor ecosystem (contractors, PMs, investor-friendly lenders, etc.)
I’ve worked with several investors in a similar stage. Full-time job, young family, looking to build smart for the long haul. And the key has always been local boots on the ground you can trust.
Happy to be a resource if you’re looking to evaluate Memphis more seriously or just want someone to talk through the next few steps with. You’re laying a great foundation! Keep going, and welcome to the active side of BiggerPockets!
Thank you for your input! I've been looking at Memphis, like you said, the acquisition costs are reasonable for the amount of capital I have available, but the thing that concerns me is the lack of population growth, or more specifically, the population decline over the last several years. I know I don't live there and am only recently starting to research the city, but what I'm finding states that the decline is nothing new. Is there something I'm missing? This is just one example of what I'm finding when I research the population of Memphis.
https://memphismagazine.com/features/columns/living-in-a-shr...
Please let me know your thoughts.
Thanks,
Don
Great question, @Don Jackson! Here's what I've observed.
The actual City of Memphis is staying pretty stable over the past few decades, but the greater Memphis MSA is continuing to grow.
When people talk about investing in "Memphis," it can mean the city itself or several other municipalities in the area such as Bartlett, Collierville, Olive Branch, Southaven, Millington, etc.
Below is the historical population of the Memphis MSA, which shows continuous steady growth.
| Census | Pop. | Note | %± |
|---|---|---|---|
| 1900 | 153,557 | — | |
| 1910 | 191,439 | 24.7% | |
| 1920 | 223,216 | 16.6% | |
| 1930 | 306,482 | 37.3% | |
| 1940 | 358,250 | 16.9% | |
| 1950 | 482,393 | 34.7% | |
| 1960 | 811,082 | 68.1% | |
| 1970 | 911,123 | 12.3% | |
| 1980 | 997,844 | 9.5% | |
| 1990 | 1,067,263 | 7.0% | |
| 2000 | 1,205,204 | 12.9% | |
| 2010 | 1,316,100 | 9.2% | |
| 2020 | 1,346,172 | 2.3% |