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100% Turnkey Home Available For Sale

40.12% ROI w/ Tax Savings

10.02% Cash on Cash Return

9.11 Gross Rent Multiplier

Please call me at (847) 910 1967 or Click Here for additional information

*****Projected completion of renovation: 7/15/17

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Many millennials may be stuck renting for years

Affordability, meager savings delay homebuying

Posted: Jun 05, 2017 10:23 AM CDT

Updated: Jun 05, 2017 10:23 AM CDTSales of new single-family homes down

Millennials represent the biggest and most important segment of today's real estate market. But a recent survey found that more than a third of that generation don't expect to buy their first home for at least another five years.

The biggest hurdle to their home-owning dream? The down payment - especially for millennials who live in or near cities.

The survey, by the rental website Apartment List, found that cobbling together enough for a 20 percent down payment could take up to 20 years for many millennials. Saving even 10 percent would require at least five years of savings for one in three survey respondents.

The findings are important for several reasons.

The rate of homeownership in the U.S. - symbolic of the American Dream and the primary creator of wealth for families - has failed to recover from the 2008 recession. Younger Americans simply aren't buying homes at rates comparable to their parents' generation and, in fact, a significant percentage seem resigned to live in rental housing.

The survey also reflects the tightest market for affordable homes in years. Inventory is down, prices are up, and with many millennials already struggling with high student loan obligations and stagnant wages, it could be years before the once-healthy market for buyers under 34 recovers.

Indeed, according to Apartment List, which surveyed 24,000 renters born between 1982 and 2004, "a large share of millennials may be stuck renting for years."

Here's a closer look at some of the details of the survey findings:

• 68 percent have saved less than $1,000 for a down payment, while 44 percent have saved nothing;
• more millennials say they'll wait at least five years to buy a home, up 4 percent in 2016 to 27 percent;
• about two in three think it will take at least three years to buy their first home, while only 16 percent think it will become a reality within two years;
• nationally, 15 percent of millennials will save enough for a 10 percent down payment within the next year; nearly two-thirds of will need more than five years;
• millennials in San Jose will take the longest to save up a 20 percent down payment - 24 years - compared to the 5 1/2 year it will take someone in Kansas City.

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Memphis Investment Properties has 5 Turnkey properties for Sale

100% Occupied and cash flowing

Total Price: $431,500

Total Rent: $4,190 / month

Beds: 15

Baths: 9

Call Mark at (847) 910 - 1967 for additional information

Our company, Memphis Investment Properties offers complete turnkey service and has been working to buy, renovate and manage properties for the past 30 years. We currently manage 1500+ properties in the Memphis area and maintain the largest inventory of investment homes.

My acquisitions team focuses on areas that our tenants are asking to live in. By focusing on areas of town that are safe, and close to larger employers like FedEx World Headquarters, St. Jude Children's Research Hospital, and Nike's Worldwide Distribution Center - we are able to stay 98% + occupied and therefore keep your properties occupied with hard working, long-term tenants.

click here to watch a video of a recently renovated home that one of our clients added to their portfolio.

We add several "maintenance preventers" like hard surface flooring, new roofs, new HVAC, new plumbing, etc. This helps keep maintenance request to a minimum and our investors coming back when they decide to expand their portfolio.

click here to watch a video about our in-house Property Management company.

Click Here for a video introduction to my new construction opportunities. Click Here to read a recent article about new construction as investment properties.

Memphis has a lot of opportunities. I'd be happy to discuss in detail the reasons why and show you why so many people choose to invest here.

Our company, Memphis Investment Properties has been working to buy, renovate and manage properties for the past 30 years. We currently manage 1500+ properties in the Memphis area and maintain the largest inventory of investment homes.

My acquisitions team focuses on areas that our tenants are asking to live in. By focusing on areas of town that are safe, and close to larger employers like FedEx World Headquarters, St. Jude Children's Research Hospital, and Nike's Worldwide Distribution Center - we are able to stay 98% + occupied and therefore keep your properties occupied with hard working, long-term tenants.

click here to watch a video of a recently renovated home that one of our clients added to their portfolio.

We add several "maintenance preventers" like hard surface flooring, new roofs, new HVAC, new plumbing, etc. This helps keep maintenance request to a minimum and our investors coming back when they decide to expand their portfolio.

click here to watch a video about our in-house Property Management company.

Click Here for a video introduction to my new construction opportunities. Click Here to read a recent article about new construction as investment properties.

This Turnkey property is professionally managed by Reedy & Co

Cash Flow: $241

ROI w/ Tax Savings: 39.46%

Click Here for additional pictures and comps

Click below for more information!

https://sites.google.com/jameswachob.com/sanfranse...