What is going on in Memphis?

[Monica Westbrook]

Hello BP family. I am new to the forums and just getting started researching areas to invest in. I started looking at Memphis, TN, because it's a low pricepoint for market entry, and there are lots of properties available for rental income. However, the more I look in that area, the more properties I see up for sale. It seems like the whole city is on the market. 

Is anyone aware of any socioeconomic issues in that area that would raise any red flags? The only thing I can think of is that it's on the Mississippi River, and flooding may be a big concern. I did find some stats at this link, and everything looks great - https://www.johnquinnrealestat.... 

[Mike Mosee]

Hi Monica

Memphis is a good market ,IF, you have boots on ground you can trust to keep you out of war zones.   A good property manager is vital to your success.  We've been investing there for 11 years with good results.   All our properties were purchased site unseen because we had a property manager we could trust to guide us.

Good luck!