Originally posted by @Michael Slabitcher:
Originally posted by @Jeff L.:
Hi.
I have two properties with MemphisInvest since 2011 and have been quite pleased. Do you have any specific questions or concerns? I will be glad to try and answer.
Hi Jeff,
Were the numbers provided accurate? What kind of neighborhoods are these properties in? What's your experience so far with the property management company that was in place when you purchased these properties (assuming you are still using the same property management company)? Thank you.
Happy Easter!
Yes, the numbers were accurate. I use my own cash-flow projections (similar to Ali's cash-flow napkin and others) and what they were offering fell line with what I was seeking.
The "kind of neighborhood" question is always tough. My two properties are in average suburban neighborhoods. Definitely not high-risk, high-crime areas but not country-club types either. they are your basic, early 1990's builds. I definitely don't feel uneasy walking through them. I have been in both of my houses and walked/driven the neighborhoods.
MemphisInvest understands customer service. You definitely are not forgotten after the sale. I feel that my properties are in good hands. In short, property management is great. I worked with another turn-key company prior to MemphisInvest and had a bad experience so I went in with the B.S. meter turned on high.
All in all, I believe that MemphisInvest is truly interested in helping you build a real estate portfolio. Are you going to get the same returns as if you did it yourself? No, but that's not the point. They provide a means of investing in real estate so that does't require you to become a full-time real estate investor which appeals to folks like me who are busy managing their own businesses and live many states away. Also, I understand that it is their business as well. They have to make money to provide the service. For turn-key investing, I am interested in above-average returns that do not require a full-time commitment and I feel that they provide that.