All Forum Posts by: Daniel Wong

Anyone familiar with the West Muncie + Yorktown area? I'm looking at a potential long term rental there. From a cursory view it looks a decent area with a good rent to price ratio. Though I'm not sure how much activity there is out there, and if it'd be easy to find renters.

Do you mean this in the literal sense? Like there is actually a rule where they cannot discuss it? Or do you mean they are not incentivized to do this, because they are trying to make a sale?

Well, no promises on rent :). But they were advertising 1k to 1.1k. I think Rentometer said something similar for that area. Agreed, 145k sounds expensive.

Thanks, good to get another data point from a local.

Ok thanks Jordan. I suppose the lesson for me here is to validate across several sources, and to actually visit the area the area I'm planning to buy property in.

Hi all,

First time post! I'm an out of state investor looking to buy my first investment property. I'm working with a turn key company that operates in Memphis. They showed me a property in the area highlighted below. The person I am working with is a local and also mentioned that it is a desirable location with low crime. 

However I did some research myself on crime rates, and from 3 different sites, they all suggest that crime is rather high in that area:

https://www.neighborhoodscout.com/tn/memphis/crime
https://crimegrade.org/safest-places-in-memphis-tn/
https://www.memphisdailynews.com/CrimeReport.aspx

Checking city-data.com, the average salary for that median household income is around 39k.

Also, the property value is listed at 145k, which seems like it is on the lower end. And that number is higher because it is a turnkey company charging a premium.

A couple questions:

Having never been to Memphis, I think boots on the ground opinions about neighborhoods is as valuable, if not more, than data I can gather on the internet. However they are conflicting, so I'd like a) to get more opinions on this specific area, and b) get some feedback on what other data points I should be looking at.