First investment property in Memphis, TN

[Taylor Davidson]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $175,000
Cash invested: $15,000

Bought this house in Memphis, TN, with the intention to either:
A.) fix up & rent out for cash flow
B.) fix up & flip for profit and use the profit to purchase my first multi-family home.

I have invested approx 15k in the property and it looks night and day different. Still deciding whether to pursue option A or B. Crime is high in Memphis and picking up in my area. I would like to rent the property if the number is right, but if not I will ultimately sell.

[Chris Clothier]

@Taylor Davidson, that is awesome to read your post!  Best of luck on whichever path you take.  What re the major cross-streets near your property.  Happy to share some management companies, including my families', based on the area of the property.  There are definitely areas of town and types of properties that management companies tend to specialize.

Good luck with the property!