All Forum Posts by: Dean Harris

I am seeing a good amount of 1% Rule properties in Memphis TN. I sourced 6-7 last week alone. I also just compelted an episode of my podcast titled "Do you know the 1% Rule". This info might be helpful and its free. 

Im happy to answer any quesiotn you have based on my personal expierences. 

Hi @Natan Lieber

Im a single fmaily proeprty investor in Memphis. I own a large portfolio here in town. I try to stick to the BRRRR strategy for all of my investments but I have purchased many ways. Im happy to share any info I have based on my personal expierences along with my referl network. I talk about "Building Your Team" on my weekly podcast about investing in Memphis. This is must for any new invesotor!

Best of luck!

Hi @Brooke Roundy 

Im also in Memphis, TN. I own single family rentals here and I am eager to buy more. I try to use the BRRRR strategy with every purchase. It gives me some security I dont find in other strategies. The BRRRR strategy is also a very hot topic on my podcast about investing in Memphis.

Best of luck to you!

I completed 16 BRRRR's in Mephis, TN last year. This has been my main focus and strategy for the last several years. I look to source these properties everyday and Im happy to share my expeirences with you

Good Luck!

I'm finding cash flow and appreciation in Memphis, TN! I typically work the BRRRR strategy myself

Good Luck!

Hi @Kathy Anderson

Welcome to the real estate world and welcome to BP! 

I personally completed 16 BRRRR's in Memphis in 2023. You can find these but they are harder to source. No matter what market you choose, the most important factor in a BRRRR strategy property is your GC. This has been a topic on my podcast Investors' Guide to Memphis Real Estate where I talk about how I personally invest in Memphis.

Best of Luck!

I own a large portfolio of single family rental in Memphis, TN, I'm happy to share my experiences and my network with you. 

Good luck!

I host a podcast where I break down all of the investment zip codes in Memphis based on my personal investment experience and pricing numbers from Chandler Reports. I'm happy to share this free info. 

Good Luck!

If you look at crime rates in Memphis, you will never buy here. There is crime everywhere. I own several properties in the 38118 zip code (14) and for the most part, it is a great zip code. The houses are typically brick, 3 bed and ranch style and although there is crime in 38118, it has a strong tenant base and these are some of my better performing houses. However, this little pocket that is south of Knight Arnold and west of Goodlett can be really tough on property owners. Crime is higher, turns are more common and the ROI in this pocket is lower.

I broke down every investment zip code in the city recently on my podcast. I'm happy to share that for free and that info is base don my own personal investing experience in Memphis. 

Another piece of advice would be to talk to other investors who actually own real estate in Memphis. To me, it would be hard to speak on an area and form an actual opinion of value if you don't or haven't invested in that specific city or location

Good Luck to you!

Hi Megan. 

Welcome to the BP community!

I own a large Buy & Hold rental portfolio here in Memphis and I have always stayed away from Turnkey properties. We have some good Turnkey providers here but that product never appealed to me due to the entry price, declining rent as the house deteriorates and there is no real exit strategy without taking a sizeable loss for the first 5-7 years in most cases. In my experience, the main reason for the construction "anxiety" from OOS investors is due to the lack or inability to develop real trust with an experienced GC. When I was able to source that GC and develop that trust, I was able to start to executing the BRRRR strategy. I have completed over 45 BRRRR deals in Memphis since I have found this GC. If you look, there are better options

Im happy to share more of my personal investing experiences here in Memphis!

Good Luck!