All Forum Posts by: Alex Evans

Memphis is consistently talked about in these forums and across all sources nationwide as being one of the best Markets to invest in Rental Properties. 

With consistently good cash flow and decent appreciation across most of the market, many investors find a great deal of success when investing here in the City. \

Whether you are looking for cash flow on day one or are looking for more long-term hold plays this city has something to offer you. 

I would love to help answer any questions about REI here in Memphis. Feel free to reach out!

Hello @Marco Morkous

If you are still looking at the Memphis Market I would be more than happy to help answer any questions. I was born and raised here and have loved every minute of it!

If you are looking to avoid risk overall in the city I believe it is best to look at B+ to A+ properties. 

These properties consistently have fewer problems. Tenants in these neighborhoods consistently pay their rent on time more and do less damage to properties overall. 

Feel free to reach out!

Hello @Dereck Boatwright

Welcome to Bigger Pockets! REI is an incredible journey to start!

I don't know of any meet-ups here in Memphis but I would be more than happy to help answer any questions you have about the Memphis Market. 

The Memphis market is full of opportunities! There is steady cash flow as well as decent appreciation across most of the submarkets in the suburbs here.

What kind of investing are you looking to do here? BRRR, Turnkey, Multifamily???

Would love to connect and help however I can as you start your investment journey here in town!

Congrats Brian!!! @Brian McDonald

The Memphis Market is incredible! I think you will enjoy it a lot!

I was born and raised here in Memphis so if you have any questions about the city feel free to reach out!

@My Nguyen

Memphis is a great market to invest in! We are still seeing great cash flow and steady appreciation!

There are many exciting things happening in and around Memphis currently. 

Ford is moving just outside of Memphis and investing $5.8 Billion into a new electric car factory. St. Judes Children research hospital is investing over one billion to expand, and also our number one employer in the City FedEx has also invested more money in its downtown global headquarters. 

Memphis has seen the percentage of renters go up recently as well too after covid, especially in the suburbs. Many people in Memphis no longer wanted to live in apartments and decided to rent houses out in the suburbs. 

I would be more than happy to help answer any questions you have! Feel free to reach out!

Hey @Patrick Turner

Welcome to Bigger Pockets, and congrats on beginning your journey towards your first rental property. I was born and raised here in the Memphis area and have loved it my whole life!

There are still a ton of properties here in town that are under that $100k price point. When it comes down to areas I would be more than happy to answer any questions about any neighborhoods that you have. 

To my knowledge, there are no tax hikes here in TN for investors and we also do not have a state income tax. 

Feel free to reach out if you have any questions at all I would be more than happy to discuss!

@Anthony Taylor

It is definitely an exciting time getting into real estate! The first thing to look into when you start getting into REI is the goals you are trying to achieve. Are you looking to retire soon and want additional income to support your retirement, or are you looking for an investment that you can hold on to for a long time that will not produce as much cash flow on day 1 but will have a better chance of appreciation in the future? Finding out what your goals are and figuring out what you are trying to accomplish in real estate is definitely the first step to investing.

I would be more than happy to discuss this with you further feel free to reach out!

@Thomas O'Donnell

Hey Thomas I think it truly depends on the type of investment you are looking to acquire... 

If you are looking for more long-term holds I would definitely ask questions about what neighborhoods are best for long-term investing, what are their opinions on the future of the market, and also what appreciation has looked like recently as well as in the past. If you are going to look for shorter-length investments I think the questions are fairly similar but with maybe more focus on the cashflow aspect of the investment. 

When it comes down to specific market questions I think it is good to know:

- % of renters

-Average home price

-Average CoC return

-Average appreciation

-Average Rent to Value ratios

-Top employers

-Population Size

-Average Income

-Property Taxes

-Income Taxes

-Average Monthly Cost incurred by Owner

These are just a start, but I think it is a great place to start with any market. If you would like to learn more about the Memphis Market specifically I would be more than happy to help answer any questions. 

Hello @Max Lopez

I will post the contact information of the accountant that we recommend to a lot of people. I hope this helps!

Christopher J. Picciurro, CPA, MBA, PFS, ARA
Executive Officer & Co-Founder, Integrated Financial Group

Feel free to reach out to me with any questions! 

Hello @Eugene Pasechnik

There are a number of markets across the country that are great to look at to get more out of your money. Memphis, Tn is a great market to look into. We have seen great cash flow over time as well as pretty stable appreciation. We are still able to hit a pretty solid Rent to Value ratio and CoC returns even using the Turnkey model. The average property value here in Memphis is around $150,000 so you would be able to build your portfolio much quicker due to the affordability in Memphis.

I would be more than happy to discuss the many investment opportunities that are here in the city of Memphis and the metropolitan area. Feel free to reach out with any questions! have a great day!