Memphis Market Increasingly Popular: Recent Seminar Yielded Significant Investment Purchases
MEMPHIS, Tenn., April 27 /PRNewswire/ -- Memphis, Tennessee real estate provides stable profits, especially with this environment of regular foreclosures.
According to foreclosure.com, 200+ homes in Memphis are currently in foreclosure and fall into the $40,000-$60,000 price range, though regularly appraise for much higher.
In line with those statistics, Urban Land Institute, over 45% of the Memphis population rents. As a result, this consistent combination of affordable property that steadily appreciates and an ample amount of renters leads to ongoing opportunities for positive cash flow.
Andrew Waite, publisher of Personal Real Estate Investor Magazine, elaborates, "When a company like MemphisInvest.com emphasizes the fact that they are selling an investment return with the underlying asset being real estate and promises to sell a pretty portfolio, not a pretty house, they are more likely to meet expectations of the investor. That is a point that the real estate industry often misses. Paired with the fact that Memphis is a middle market, which is good news, Memphis becomes a great market for those looking to build their long-term portfolio."
Ray Stroud, a real estate investor who resides in New York City, continues, "Memphis is a profitable market for real estate because it's not a boom or bust city, the market does not fluctuate to the country's real estate highs or lows." In addition, Memphis continues on a steady growth cycle in job creation, new development and property value.
The above facts explain why a recent two day event hosted by MemphisInvest.com sold 27 homes in 48 hours. Kent Clothier, Sr., principal of MemphisInvest.com, adds, "An investor, who will spend $400,000 in California on the purchase of a home and lose $200 per month, can purchase a home with the same square footage in Memphis for $60,000 and cash flow approximately $250 per month. We offer a turnkey program to assist with long-term wealth building through a real estate portfolio."
MemphisInvest.com is an expert in the Memphis real estate market and advises clients from California to New York. MemphisInvest.com offers a unique, turnkey approach to wealth management through real estate expertise, customer service and long-term relationship building. The firm finds undervalued properties through advertising, bank relationships and distressed sellers, purchases them through their own portfolio and sells the properties at wholesale to other investors.