All Forum Posts by: Tyler Tapley

@Michael Kern

Hey Michael,
Currently in the Memphis market we're seeing pretty high demand and pretty low inventory. It's definitely competitive. But if you're committed and have a good team in place we're seeing a lot of excellent buy and hold opportunities, as well as a fair amount of value add, cash-out-refi and fix and flip options. It sort of just depends on what you want to and how hard you want to work.

Hope this gives you something of an overview.

@Sean Tagge

Always happy to help. Let me know if you need anymore recommendations.

@Shaya Ray,

I'm pretty experienced with BRRR's in the Memphis market. To be frank, right now it's ultra competitive. Low inventory, high demand. For 50k you'll be able to find some good buy and hold options, for sure. But any good BRRR candidates in that price range are either going to get bid up or are going to be bought up quickly by one of the local turnkey companies. It's definitely doable, but you'll need to be patient, you'll need to either be watching the market everyday (multiple times a day really) or have a team in place to do so for you. Not to discourage you, it is definitely a worthwhile goal, just one that requires some dedication and preparation. Hope this helps!

-Tyler

Hey all

A lot of my clients speak really highly of Advantage Property Management. I don't own any rental properties myself and I don't us them. But they always get glowing review. Capital Realty, Home River Group and Reedy and Company are really good too. Just make sure to get some seasoned folks with the same values as you. Renting in Memphis is an industry as ingrained as politics. There are tons of great mgmt teams as well as a good number of ones to avoid.... 

Congrats @Arron Paulino!
What area did you buy in?

-Tyler

Hi

We have people buy homes off the MLS all the time. Don't get discouraged...there are good deals out there.

Please private message us. We have tons of clients who have done BRRRR.

Thanks,

Hi

We are happy to get you an agent for the state of TN or the state of Georgia if you need.  Just let us know what areas of town you are inquiring about.

Thanks,

We lost a lot of money in Memphis.  Selling about 340 houses a year (just me) my 3 person team another 40 houses.

My wife sold 4 that were $150K or more which was nice....I sold maybe 2...probably sold 10 homes under $100K in April.

May looks good.

Hi

I'm an agent here in Memphis.  Happy to provide input and advice (Free of charge).  I don't want to step on any toes if yo have an agent, but if you send me a private message I'll be happy to discuss with you.  I may even be near it one day (I drive a lot) and would be happy to drive by and text you photos or videos.

Just let me know how I can assist.

We have some in Memphis!  Have your agent reach out to us.