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Updated about 7 years ago on . Most recent reply
Multifamily Memphis TN
I'm going to investing in multifamily (class B&C) in the Memphis TN market. I really like what I see especially in the right areas of Memphis. Are there any investors in that market? I'm looking to build a team (atty, contractors, etc) and looking to connect with other multifamily investors in that market. Any suggestions from BP family...thanks!
Most Popular Reply
Hi Juan. I have just closed on a 80-unit multifamily in Memphis, TN this week. It is a syndication.
What size properties are you looking for? I always pay attention to the crime maps of the properties I research. Many large properties seem to be high crime magnets.
My recent acquisition is located in the Cooper-Young neighborhood, with low crime. The Frayser area has a bad reputation, meanwhile Nike opened its distribution center there 2 years ago, so it may be turning around.
Being out of state, like me, the key to the market is the property manager for most of the team members your look for.
PM me and I will share my contacts with you.