There are several reasons we like Memphis:
1. Cash flow
3. 60% Tenant Base
4. Healthy job market
Memphis is located in Tennessee, which is a no tax state. It’s also very affordable – not just for real estate investors and residents, but for businesses as well. As the main U.S. hub for FedEx and conveniently located on the Mississippi River, Memphis is known as a major distribution center. And while lots of manufacturing jobs have been sent offshore, when the finished goods come back to the U.S., many of them pass through Memphis. This has created a very stable job base. Many Businesses have come to Memphis in order to be close to FedEx. All other cities must have their orders to FedEx by 5 PM but businesses located in Memphis have a much wider berth being able to take an order at night and still get it delivered the next day, which gives them a huge competitive edge.
We have personally invested in Memphis since 2010 and have developed a strong team of experts there. Through these relationships we have established and with our knowledge of the market place, we are uniquely qualified to assist investors with finding cash flowing property in this market.
If you have interest in learning more about opportunities in Memphis, Please Contact us.