38127 - Frayser - Memphis

[Andrew Coulter]

Can anyone involved with investing in Memphis tell me what I’m not comprehending about Frayser? Or even Raleigh for that matter? Why are these two areas so attractive for investors? The only positive I’m able to come up with is the low cost of entry. From what I have gathered so far, the area is D class at best. Cash flow doesn’t seem that great from what I can tell. With conventional financing it seems like 200/month give or take are the going deals. It doesn’t seem like there is any appreciation. Possibly even depreciation. So what am I missing!?

I have heard of several successful individual investors and Turnkey providers operating there, so I must be missing something?

Those that do invest here, what is your plan for exit if you ever need to?

Thanks

[Curt Davis]

The Raleigh area is much better than the Frayzer area.  Frayser is in general a rougher part of town. If you buy there just know that it does come with a statistically higher risk overall.  Raleigh, the area closest to Frayser is a little rough but once you get more East/S. East it gets a lot better. I personally own several there and it is a popular zip code.  In my opinion, you would be better going there if you can afford it though the increase in price is minimal at best.

Good luck