Looking to Invest in Memphis, TN!

[Calvin Clark]

Hello BP Members!

In November 2017, my wife and I completed our first RE deal in DFW area. It was a full-duplex with 4/2 on each side. The deal was a great learning experience for us just getting started, and to date, we're sitting at about 4-5% COC ROI. Didn't knock it out of the park, but we are happy to be positive!

We live in Newhall, CA, so buy-and-hold deals are hard to come by, which is why we looked out-of-state. We have always been interested in Memphis, TN for an investment property, so that is where we are setting our sights next! We are looking to build our team out there (RE agent, property manager, possible contractors, etc.) and will be traveling in the next month or so to get a lay of the land. Before we head out, we are looking to make some connections. Any recommendations our there in the BP community?

Kind Regards,

Calvin

[Sammy Paul]

Would you have any interest in Desoto County, MS?  It's directly south of Memphis and is a commuter community.

Memphis is a great market for rentals, but in many respects Desoto county is better.  Memphis has some very cheap houses that can get decent rents in rough neighborhoods.  I've had some success at that.  However, outside the rough neighborhoods, Desoto is cheaper than Memphis real estate and has lower property taxes.  Also, Desoto has better public schools compared to Memphis so that is a draw to many renters.

Memphis is great, but check out Horn Lake, Southaven, and Olive Branch in Desoto County as well.  Feel free to contact me if you need any additional information. My wife is a realtor and can help in either Mississippi or Tennessee.