Multi-Family in Memphis, TN

[Robert Anderson]

Hello,

I am an appraiser and real estate broker in the Madison, WI area who is looking to expand my real estate portfolio into cities with stronger cash flow opportunities and Memphis seems to be a strong contender. I'm hoping to make some connections with real estate agents, property managers, or investors in the area that can might be able to help me get an idea of the local market or can point me to potential opportunities. Would likely be looking at a minimum of 8 units considering I don't live in the area. Any advice or connections would be appreciated!

[Elizabeth Wilson]

Hey @Robert Anderson, that is exciting that you are thinking of expanding!  I'm surprised more Memphis investors haven't responded to your questions. 

My biggest suggestion is to come down and drive the city and get to know the areas and meet with multiple property management teams. You will obviously learn way more about the city and the REI world from a visit than you will BP (and you get the extra benefit of Memphis cuisine! :)