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Updated 9 months ago on . Most recent reply

Abhishek Agarwal's profile image
Abhishek Agarwal's profile image
Abhishek Agarwal
  • Investor
  • from San Jose, CA
  • Member since Apr 19, 2024
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Abhishek Agarwal's profile image
Abhishek Agarwal's profile image
Abhishek Agarwal
  • Investor
  • from San Jose, CA
  • Member since Apr 19, 2024
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Abhishek Agarwal
  • Investor
  • San Jose, CA
5
Votes |
20
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General Real Estate Investing

Memphis, TN 38118 - Turnkey Investment

Abhishek Agarwal
  • Investor
  • San Jose, CA
Posted

Hi,

I am looking for some advice on a turnkey investment in Memphis, TN 38118 zip code area. The property was sold for 70k two months ago and the Turnkey company did approx 40k renovations on it and selling it for 140k-150k now. 

I can see the numbers are showing positive cashflow if the property goes on rent. The area shows high rental estimate on the bigger pockets rental estimate tool. Is there anyone here who has invested in this area and could share some more insights about turnkey investment in this area?


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    Michael Hansen's profile image
    Michael Hansen's profile image
    Michael Hansen
    • Investor
    • from Madison, AL
    • Member since Jun 27, 2020
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    Michael Hansen's profile image
    Michael Hansen's profile image
    Michael Hansen
    • Investor
    • from Madison, AL
    • Member since Jun 27, 2020
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    Michael Hansen
    • Investor
    • Madison, AL
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    Michael Hansen
    • Investor
    • Madison, AL
    Replied

    I bought a turnkey rental in zip code 38127 (C class) area 3 years ago.  So far I have been happy with the results.  I used Memphis Investment Properties.

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