Active Duty Military Moving to Memphis

[Brandon Mokris]

I am active duty military and moving to Memphis in July. Looking for some networking opportunities as I search for small multifamily properties to invest in. I am not familiar with the Memphis market and hoping to link up with some individuals who know the market. I look forward to the opportunities of working with some of the experts!

[David Hutson]

@Brandon Mokris, 

Message me after your PCS and settle in or if you aren't moving for awhile reach out now. I moved here last year after I retired but I have been investing here for seven years. The local REIA, Memphis Investors Group, has over 400 members with several subgroups, including a multifamily meetup. Multifamily doesn't do as well as single family homes in this market. I was looking for the same but have stopped due to all the issues with maintaining the properties and tenant issues. The numbers often look good initially but over time tend to perform poorly. This is definitely a hands on market meaning those who invest in multifamily from out of town tend to lose a lot of money, but not all. There are more than a few properties people from out of town have syndicated that are going back to the banks.