All Forum Posts by: Marc Marquez

Hi everyone, I live in Texas and a newbie of sorts.  I’m looking at buying one or two turnkey rental income investment homes in the Memphis TN area located in zip code 38127.  Doing my own due diligence it appears that that zip is not the greatest but also not the worst either in regards to crime, etc.  However, property values seem to be lower on average than what I’m being offered on the new homes I’m considering buying, i.e. about $150k for the property.  In fact it’s way to the top end of the scale. It also seems that the rents being projected by sellers of $1350/m is also to the high end as well for this area.  So I’m not sure what to believe here by what the sales folks are saying and what’s reality. Hence my posting today to get some help.

The homes are build by Bryce and Brown Home Builders. Does anyone in the forum have any feedback to share regarding these turnkey rental properties or the builders? Positive or negative feedback is appreciated as I’m trying to learn on the fly and make a decision as to if to move forward with them or not.  
Thanks in advance!