East Memphis....good place to invest?

[Kevin Charles]

Hello all, I'm an OOS investor interested in Buy and Hold properties just under 100k. I've been trying to get an idea of where to invest in memphis for the long term. I plan on making a trip in a few weeks to get an idea of the areas. I have stumbled upon a possible investment in the 38112 zip code area right next to the Shelby Farms Greenline by Gracewood street. It seems like a good area in terms of proximity to Univ of Memphis and Midtown Memphis. I was wondering what people though of the area and prospects for the future. I read that the Greenline will extend towards Overtown Park. I am assuming this would make the area more desirable.Thoughts?  On a side note: what is the best resource to find out about more future projects planned for in Memphis?   

[Peter Cung]

@Kevin Charles Without the address, it's kind of tough to say. I'm an out-of-state investor too and would recommend you to look east of Highland Street/Prescott Road in 38111 or 38117. It can vary street-by-street, but there's some good rentals in that area and you're within the 240 loop. Definitely reach out to some of Memphis operators on BP like @Curt Davis, @James Martin, etc. - they're a great resource to talk to!