All Forum Posts by: Alex Evans

Hey nathan! Welcome to Memphis! It is a great city to get started in! I would be happy to connect and help answer any questions for you a long the way. I was born and raised here and now do real estate investing here as well! 

Hey @Jay A.

I work for a turnkey company in Memphis, TN, and below is a list of the most FAQs that I receive on a daily basis.

1 - What market do we invest in?

2 - What property classes do we invest in?

3 - Average rents? 

4 - Average prices? 

5 - What are your management fees? 

6 - What are your vacancy rates and eviction rates?

7 - How long does it take you to find a tenant? 

8 - How do you screen tenants? 

9 - What guarantees do you offer on the work or in general?

10 - What are the average returns? 

These are just a few but all great questions to ask! 

Hey Jake, 

Welcome to BP a DSCR loan may be the best option for you. The lender will look at the asset itself and not your income. Another option to explore is finding a co-signer or partner who does have income and can help you qualify for a traditional loan. This can be a good way to leverage your down payment and investment acumen while still meeting lender requirements.

In any case, it's wise to thoroughly research and understand the terms and risks associated with any loan before committing. Best of luck with your investment journey!Happy to help with questions! 

Hey Wes! I have lived in Memphis my whole life and would be happy to connect and discuss real estate here in Memphis!

I think its a good property in a great area of Memphis. I wish it was a tad more East in Bartlett because then the better schools would kick in. I think the price is good, but rental comps seem a bit tight. 

I think it is a great deal for any investor even if you get a little below the 1% rule. 

Hey Anant,

Are you looking just in the Jacksonville area? 

I would recommend Memphis! 

Memphis is a great market for many reasons, but three main things that Memphis has going for it are..

- Memphis has relatively affordable housing, and you may find properties within your budget.
- The city has a diverse economy, with sectors such as healthcare, transportation, and logistics.
- Memphis has a strong rental market, making it attractive for investors seeking cash flow.

With affordable prices and over 50% of the city being renters there is always opportunity in Memphis

Welcome to Memphis!

Congrats on graduating and welcome to BP! I have lived in Memphis my whole life and love it here. I just bought a new primary residency that I will eventually rent out when I move next. This is a great way to start your investing journey! Happy to help with any questions! 

Would be happy to take a look PM the details to me