Recommendations for a team in Memphis, TN!

[Thomas Pae]

Hello BP Community! I am currently analyzing a few markets for my first REI purchase. I live in a very expensive area, SF Bay Area, and thus have decided that OOS investing will be my best option. As the title suggests, Memphis TN is one of the locations that popped up in my research. I know the Memphis community was hot a few years ago, but is this still the case (just generally asking)? Also, does anyone have any recommendations in regards to building a solid investor-friendly team? I have no connections to the area, so any referrals would be more than welcome :) Thanks in advance!

[Dean Harris]

@Thomas Pae

In my opinion, Memphis is still a great place to find deals. I have been able to come across them frequently to build my portfolio. One thing you have to make sure of is that you trust your property source. Whether that be an agent, a wholesaler or whoever sources property for you. One area that I know is a real  "No No" for investors that know what they are doing is Northaven. That is the 38127 zip code in the far Northwest corner. That area is notorious for being extremely difficult to own in. There is extreme high turnover in this area and very low community pride. I would encourage you to stay away from this area specifically so you can avoid those types of issues. There are several other areas like this in Memphis but the Northwest corner of 38127 is one of the worst. 

Best of luck to you in Memphis!