Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago on . Most recent reply
Is my friend about to make a horrible investment?!?
Today, I was texting one of my good friends from Memphis, TN. We are both recent graduates from The University of Tennessee, and both have good paying full time jobs. I recently finished Set for Life by Scott Trench and I've texted all of my friends telling them to read it. I texted this guy about it today and he told me he was about to make the following "deal":
He currently rents a condo out in a decent area for $1250/month. He's looking to buy that condo for $155k, live in it for 5 years, then rent it out for 10-15 years later as a cash flow property. He said "It'll be worth double or triple in 15 years". I told him that the market could turn and cause him to lose a ton of money but he seems convinced. I know this isn't a ton of information, but am I missing something? Is there anyway this works out well? Is there anything I could say that would deter him? I know some people just need to learn the hard way but I would hate for him to buy this condo and lose thousands of dollars.
Most Popular Reply
![Caleb Heimsoth's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/634692/1621494300-avatar-calebh9.jpg?twic=v1/output=image/cover=128x128&v=2)
I'd have a hard time believing that the property would triple in value in 10-15 years in memphis. Memphis isn't an appreciation market