It's a great time to invest in Memphis.
I've got a few investors who live in California who are having great success in investing in Memphis.
One investor who lives here in Memphis bought a 4 bedroom 2 bath home last year for $25,000.00 and had to do about $10,000.00 worth of repairs and upgrades.
The great thing about it is he's rented the home for $950.00 a month through the Section 8 Government Housing Assistance program.
Less than 5 years he'll have his initial investment paid back and if the Retail Sales Market has returned he'll be setting on a $75,000.0 to $80,000.00 4 bedroom, 2 bath with den home in a pretty good area of Memphis.
I don't know what your looking for, as per return on investment, but 22% to 23% return on investment can be had here in Memphis.
Also, Memphis is growing, take a look at the Ports as far as Distribution & Transportation of Freight and you'll find Memphis is the largest inland distribution center in the nation.
Last time I checked,, that's pretty labor intensive, and that means JOBS,,, and those people need places to live, preferably close to where they work, with gas prices high..
Providing Real Estate Investor with quality properties that give them the return on their investment that they are looking for is what I specialize in.
I also have contractors that I work with that do quality renovations and repairs to homes to get them market ready and I work with a few Property Management Companies who are good at placing quality tenants in your rentals and collect your rent for a reasonable price.
I've been in and around the Memphis Real Estate business for the last 15 years,, the last 10 years I've spent working closely with real estate investors and helped them create profitable Memphis Real Estate Portfolios.
Contact me if your interested.
Keller Williams realty