What is your ideal outcome? Investing in Memphis, TN

[James Wachob]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $140,000

One of my favorite zip codes is 38117. Yes, most of the homes are older than I prefer but the QUALITY OF RESIDENT is why I love 38117. Young professionals, baby boomers, and residents who "treat my properties like a HOME"
When you start with the end in mind you end up with a portfolio full of properties that will attract your IDEAL resident. To learn more about investing in Memphis real estate you need to reach out to my team.

What made you interested in investing in this type of deal?

LOCATION! Colonial Acres is one of my favorite communities!

How did you find this deal and how did you negotiate it?

Realtor listing

How did you finance this deal?

Cash.

How did you add value to the deal?

By placing a GREAT resident. Yes, I paid FULL PRICE for this one, but the home has already appreciated and I have had ZERO issues with my resident!

What was the outcome?

Great LONGTERM investment

Lessons learned? Challenges?

Begin every investment with the end in mind and KNOW YOUR BUY BOX!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am a real estate broker in Memphis and own FoundationPM.com a local property management company. I represented myself.