Memphis investment properties

[Brian Tumminello]

My name is Brian and I am a real estate investor in CA. I have been doing research to determine the best place for me to start buying rentals and to hold long-term for cash flow. My research led me to Memphis. I’m looking for single-family homes with 3 bedrooms and at least 1.5 bathrooms. My goal is to buy them with conventional financing (15-year mortgage), repair them to be rent ready, and hire a property manager to rent them out. I plan to buy 1-2 homes this year and have experience managing rental property already. My goal is to find properties that need work or are owned by motivated sellers that I can purchase for 80 cents on the dollar if possible. Please let me know if you are a real estate agent in Memphis who would be interested in taking me on as a client. If you or anyone you know has a property manager you can recommend, I would love to reach out and get in touch with that individual as well. Finally, if you work with a preferred contractor, that would be great. Regards, Brian My specific criteria: SFR 3BR 1.5+ Bath - purchase price less than $150k B or B+ property Cash-flow positive (minimum 10% net cap rates with at least 1% rental ratio) $5-10K budget to rehab property Rent out to family for long-term lease strong appreciation low vacancies / supply low property taxes low price to income ratios positive demographics - low unemployment, low crime, high % renters, population growth, etc. healthy local economy

[Caleb Heimsoth]

Brian Tumminello this is a very talked about topic on BP, so I also recommend you search for some of those.

I’ve bought one house in Memphis and closing on my second soon (turnkey). You can PM if you want but there’s lots of good stuff on here and if you look on my profile you can read a lot of my old comments that will include a lot on this topic.

Some well known TK providers in Memphis are Memphis invest and turnkey investment properties