Investing in the Hood of Memphis,TN/ Low-Income Area Investing

[Keisha Orr]

I don't usually ask for help but someone help me out,please! I want to invest in real estate full-time. The properties I want to invest in are in Memphis,TN. I own the land in Memphis and want to construct single family rental homes on them. There are 5 lots in total 3 surrounding each other.  The area is in the 'hood'. So I am trying to secure financing for this construction project. What do I need to do? What do I need to have? Who do I need to call? Are there investors who invest in low income areas in Memphis? Or any low income neighborhoods in any city for that matter? Please help me! I don't want to sound like I'm complaining but I feel like I am hitting a wall and I just want more insight other than my own.  

-Keisha

[Bill Manassero]

Keisha Orr I have been investing in Memphis for the last couple of years and it is tricky. I would look up Derrick Craig. He specializes in lower income areas and is a great property manager. Also, you should look up a guy named Al Williamson. He's out of Sacramento but his focus is on inner city investing. He's written a few great books on the subject and he has actively helped transform communities.