All Forum Posts by: Will Jo

Thank you for your replies.

Digging a big deeper, what neighborhoods in Memphis are good for investors currently? I've heard that Cordorva, Bartlett, parts of Midtown / East Memphis are "hot" and up and coming neighborhoods that droves of people are moving towards.

Comparing it to NYC, Brooklyn and the Bronx have become very "hip" and "gentrified" the past couple of years. I want to be investing in a neighborhood near Memphis that would take on the same effect. Not being from Memphis, I have no way of verifying this information.

If anyone could verify this information and provide some suggestions on neighborhoods to invest, the next move on my part would be finding a vendor / realtor for properties in these areas. All help is appreciated!

@Douglas Skipworth  @James Wachob  @Ben Roberts

Hello BP,

I am ready to take the plunge into a turnkey property. I live in NYC and am just simply priced out of my own area. I am looking into Memphis currently and am looking primarily looking for strong cash flow with appreciation being a secondary concern.

I have a question for those investors who already have turnkeys in their portfolios who have similar goals as I do (positive cash flow) who may or may not be investing in this area already.

I like Memphis because of the numbers and strong cash flow it generates. In the BP spreadsheet section:

https://www.biggerpockets.com/files/user/ScottTren...

Memphis is the clear front runner in rent % of price, which is attractive from a cash flow standpoint. However as @Mike D'Arrigo points out in this thread:

https://www.biggerpockets.com/forums/12/topics/405...

the population is stagnant (?) with a lower GDP / capita than Kansas City or Indianapolis which may hinder future job growth in the area. (Granted I am not sure where his data is being sourced from).

Additionally, with Memphis being such a hotbed for investors currently I feel like I am late to the game and may not see as good returns as others have been seeing.

I am curious about other "turnkey" markets that investors are considering right now.

My first question is: If you were me, cognisant of the goals, where would you invest TODAY? Is Memphis still attractive for future growth / cash flow? Additionally, if you are investing in Memphis TODAY what are some selling points for an investor like myself?

My second question involves financing. There are lenders out there that work with turnkey companies that provide financing in all 50 states. Generally, are these lenders as competitive as smaller LOCAL banks? i.e. National lenders vs. smaller Memphis lenders.

I am a financial analyst and would love to base my decisions solely on numbers. If anyone can provide some analytical input to the discussion, it would be much appreciated.

Thank you for the input

@Christopher Phillips'

Thank you!

@Christopher Phillips,

Where do you grab this data from? All very valuable information. Was wondering if this was a website or program? Would be much appreciated if you could enlighten me.

Thank you,

Will

@Nathaniel Carswell Thanks for the input. How do you feel about investing in the West Forsyth county area in a SFH? There is a new gated community being built and I am looking to invest in a brand new house to buy and hold. Any input is appreciated!

Thank you for the info!

@Yoochul C.

Hi Yoochul,

Are you currently investing in this market?

I'm from NYC and have been looking into investing in Atlanta but wanted to get a better feel for the market.

@Karen O. I am in the same situation as you.

Not enough capital to get started locally. As a fresh investor with limited capital I'd like to get hands on experience investing locally along with the ability to view the property easily. However, this has been difficult to find in NYC and even in the surrounding areas.

It's difficult for me to get started because the deals I am finding in my area just don't make sense for a BRRRR or even a house hack.

Considering exploring other markets but am very hesitant to invest in markets I am not familiar with at all.

:(

Ceasar,

Sent payment and sent you the information via BP.

Looking forward to meeting everyone!

@Devan Mcclish Just finished watching your podcast and came searching the forums for some info on what content / wording I should be using when sending out direct mail? Greatly enjoyed the podcast by the way. Got some great ideas from it. I'm right around your age and admire what you've accomplished.