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Updated over 4 years ago on . Most recent reply
Why do people invest (or not) in Memphis?
Your top 3 reasons to invest OR your top 3 reasons to avoid Memphis.
Most Popular Reply
#4 Classifieds Contributor
- Real Estate Agent
- Memphis, TN
- 1,329
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#4 Classifieds Contributor
- Real Estate Agent
- Memphis, TN
My portfolio in Memphis is strong because of the entry price point and the tenant base. I have had several vacancies pop up during the pandemic and I have not had any issues with finding quality tenants for higher rent than I expected. I have one on Obion in 38127 and this is a historically a $700-$750 rental and I got a 2 year lease (Non Section 8) for $800 on the 2nd day it was marketed for rent.
The work force is driven by "Blue Collar" jobs with FedEx, IP, Logistical companies, etc and those people are usually tenants.
Lastly, we have seen appreciation recently and that has historically been found here.
Lots of really good reasons to invest in Memphis.
- Dean Harris
