All Forum Posts by: Patrick Galphin

@Shayan Sameer,

Welcome to BiggerPockets! The Memphis market here in Tennessee continues to be strong. Properties are routinely hitting right at the 1% mark and generating good returns for investors. Our team works exclusively with out-of-town investors and have the support program in place to help build a strong portfolio. I would love to connect and share more about the Memphis market. 

Let's connect soon! 

All the best,

Patrick

@Zachary Young

The Memphis market has been a great place for new investors to start and build a portfolio. I am both a long time Memphian and investor here in the city, I am able to help investors (both seasoned and new) find properties that are best for their portfolios. 

Would love to connect and learn more about how you are wanting to invest! 

Thanks,
Patrick

@Dennis Li,

The Memphis market continues to see strong growth in the investment segment and properties have good cash flow. There are options for cash flowing, rent ready properties as well as opportunities to BRRRR properties.

As someone who has lived in and invested in Memphis for more than 20 years, I have a great understanding of the nuances between areas and which ones can be the best fit for your portfolio. 

Would love to connect and discuss the options Memphis has to offer! 

Best,
Patrick

Happy to help answer any questions about the flight path, but in general there aren’t many areas where that is a concern. There are large areas in the direction of the flight paths that do not have dense populations so it’s mostly a non-issue. Happy to connect and point out areas by the airport, and all over the city that have worked well for investors. 
happy hunting!

I also use Appfolio in our property management business in Memphis. The onboarding was extensive, and I don’t think they do a great job of explaining that most of what they need is related to the banking side of things and actually nothing to do with setting up the software. The requirements are actually set by federal banking standards and not software related. I have integrated a couple of other platforms and had to do the exact same steps when it came to being able to receive payments online. Overall the juice was worth the squeeze with Appfolio. We were able to get everything up and running in about 6 weeks. 

Happy to connect if anyone has questions or wants tips/tricks for the software! 

@Sino U.,

I've sold a good many properties near the airport here in Memphis, and it has never been an issue. Not only is the FedEx super hub close by(as @Aristotle Kumpis mentioned), but airports in general are usually near commerce drivers, meaning they work well for finding good tenants. I havent had any clients that have an aversion to being near the airport. 

Happy to connect and answer any questions you might have! 

Thanks,
Patrick

Daniel,

Memphis is a great market for investors and we have continually seen growth in both rental rates and property values. 

Our team here at CrestCore is dedicated to working with the out of state investor and have the team in place to make us a "one stop shop" for everything you could need to build a portfolio here in Memphis. 

Good morning @Tonya Cox!

Congrats on getting your first investment property up and running. 

I work specifically with investors and have a portfolio myself. I would love to connect and help answer any questions you may have. 

Our team is built to work with investors and we have the resources to make the processes as painless as possible. 

Looking forward to connecting! 

Patrick

@Timothy Floyd,

Welcome to BiggerPockets and the Memphis market! I am both an investor with a large portfolio and an agent that works exclusively with investors. 

Would love to connect with you sometime! 

Thanks,
Patrick

@Saheed Adekunle Amuda,

The Memphis market is great for fix & flips, if you can find them, and get them under agreement quickly. This is where having a great team with boots on the ground here in Memphis makes all the difference. I have personally done fix & flips, and have several clients that have completed projects this year. 

I would love to connect if you have any questions about the market and how to best find fix and flips in town. 

All the best,

Patrick