looking for Memphis information, good and bad areas etc

[Kevin Scott]

Hey there!

I'm out of the country, but an opportunity has come up that I'd like to explore some more. There is a Multi unit north of the Alta Vista area (North of Frayser blvd). I have no idea about any of the Good, bad nor ugly areas of the city. If anyone could help me with how I might find this information out, or boots on the ground, I would greatly appreciate it. I would love to learn the rental occupancy rates in the area, new businesses or leaving businesses etc. I will say that I have done some fix and flips in the past, but I am a complete newbie to buy and holds. Certainly VERY green to out of state investing. I know it can be done. Thank you for taking the time to read my post. Live long and prosper through real estate.

[Alex Craig]

Mutli Unit's for sale in Frayser are most of the time out of state who thought they could do something that no one else has never done.  The reality is, within a couple of years, after multiple evictions, vandalism, vacancy, etc. they are beat up and sell at a massive loss.  I once had a individual I met on Bigger Pockets reach out to me about managing his multi-unit in South Memphis; basically he blamed his manager on all the vacancy. I looked at the chain of title on the property and he was the 8th person in 12 years to own the property.  For this Alta Vista property, see if you can see the chain of title.