WHY MEMPHIS? The Perfect Storm of a Buyer’s Market, Low Rates, and Plentiful Renters
Memphis, TN <ul><li>Largest city in Tennessee </li></ul><ul><li>17 th  largest in the nation with a metro population of 1....
 
Memphis Real Estate Market <ul><li>The #1 city for most affordable homes! (CNNMoney.com) </li></ul><ul><li>The 2 nd  metro...
 
HERE’S AN OLD EXAMPLE… <ul><li>This is property in Bartlett that was purchased for $117,000 2 years ago by a homeowner. It...
SAME AREA, W/ 4 BEDROOMS <ul><li>Here’s a 4Br/2BA in the Memphis Area. Appraised value was $95,000. Our client purchased t...
AND ANOTHER… <ul><li>Here’s another 3BR/2BA  SFR that we sold for 44,900. It needed around $15,000 in work and appraised f...
Streetvestor, LLC <ul><li>Edwin Brown </li></ul><ul><li>“ Invest in Main Street” </li></ul><ul><li>246 Briarwood Dr Suite ...
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Why Invest in Memphis?

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A brief overview of why Memphis was named 1 of the 10 best markets for investing in real estate.

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Why Invest in Memphis?

  1. 1. WHY MEMPHIS? The Perfect Storm of a Buyer’s Market, Low Rates, and Plentiful Renters
  2. 2. Memphis, TN <ul><li>Largest city in Tennessee </li></ul><ul><li>17 th largest in the nation with a metro population of 1.2 Million </li></ul><ul><li>Home to 3 of the Fortune 500 (FED Ex, International Paper, Auto Zone) </li></ul><ul><li>Recognized as one of the country’s most vibrant transportation & distribution centers. </li></ul><ul><li>Memphis International Airport is home to FED Ex and the #1 air distribution center in the world!! </li></ul><ul><li>Memphis is the largest spot cotton market in the world, with nearly half of the U.S. cotton crop going through Memphis. </li></ul><ul><li>Memphis is a major center for medicine, biomedical engineering, biomedical research & pharmaceuticals. </li></ul><ul><li>Home to University of Memphis with over 20,000 students </li></ul><ul><li>Home to the Memphis Grizzles, NBA Franchise </li></ul><ul><li>Home to the Memphis Redbirds, AAA Team to the St. Louis Cardinals </li></ul><ul><li>Home to Beale Street, Graceland, Liberty Bowl Stadium, & Fed Ex St Jude Classic </li></ul><ul><li>Memphis is indeed a city on the move with increased population every year! </li></ul>
  3. 4. Memphis Real Estate Market <ul><li>The #1 city for most affordable homes! (CNNMoney.com) </li></ul><ul><li>The 2 nd metropolitan city in regards to having the lowest risk to investing in Real Estate (CNNMoney.com) </li></ul><ul><li>The 3 rd most undervalued metropolitan market in the U.S. (CNNMoney.com) </li></ul><ul><li>The 6 th best market for investing in Real Estate (CNNMoney.com) </li></ul><ul><li>Bartlett, a suburb, is ranked amongst Top 100 cities in America (CNNMoney.com) </li></ul><ul><li>A revitalization to many parts of Memphis, i.e. Downtown, Mid-Town, High Point Terrace, Cooper Young, Highland Heights, and other inner city areas enjoying above average appreciation </li></ul><ul><li>One of the lowest cost of living of all major cities (FORTUNE magazine) </li></ul><ul><li>Surrounding cities support continued manufacturing development with Memphis as the distribution hub </li></ul><ul><li>Recent Subprime crunch has resulted in a hungry Renter Pool </li></ul>
  4. 6. HERE’S AN OLD EXAMPLE… <ul><li>This is property in Bartlett that was purchased for $117,000 2 years ago by a homeowner. It is a 3Br/2Ba that currently rents for $1100/m. Our client purchased the property for 70,000 and we did 6,500 in rehab work to get the property up to speed. His cash flow including management is $153/month. </li></ul>
  5. 7. SAME AREA, W/ 4 BEDROOMS <ul><li>Here’s a 4Br/2BA in the Memphis Area. Appraised value was $95,000. Our client purchased the property for $57,000 and we did $12,500 in repairs. It rented out for 900/month. That’s $175/month cash flow with 19,000 in equity and no money out of pocket. </li></ul>
  6. 8. AND ANOTHER… <ul><li>Here’s another 3BR/2BA SFR that we sold for 44,900. It needed around $15,000 in work and appraised for $81,000. Cash flow of 154/month at 80%. </li></ul>
  7. 9. Streetvestor, LLC <ul><li>Edwin Brown </li></ul><ul><li>“ Invest in Main Street” </li></ul><ul><li>246 Briarwood Dr Suite B </li></ul><ul><li>Jackson, MS 39206 </li></ul><ul><li>601-952-0350 Office </li></ul><ul><li>601-952-0354 Fax </li></ul><ul><li>www.Streetvestor.com </li></ul>

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