If you are going to transform your financial future, you need to be sure you’re doing it effectively to give you the best shot at success… that is why Memphis should be a part of your portfolio.
We aren’t the only ones who think Memphis is a worthwhile investment; in their recent article, NuWire Investor breaks down the top 5 reasons to invest in the Memphis real estate market.
1 – Strong Local Economy
Home to three Fortune 500 companies, more than 300 separate trucking companies and over 1.3 million people, Memphis’ robust and growing economy creates low vacancy rates and healthy rental property demand.
2 – Surplus of Renters
Compared to most other markets in the country, Memphis has a low owner-occupied housing unit rate. Over 50% of Memphis residents rent instead of own, which decreases the local vacancy rates even further.
3 – Undervalued Linear Market
Unlike the volatile and cyclical markets such as NYC and San Francisco, the Memphis investment real estate market is considered linear. This is due to rental properties in the surrounding area providing positive cashflows while still increasing in appreciation.
4 – High Quality, Low Cost
With low housing costs and no state income tax, Memphis is a very inexpensive place to live. The low cost of living combined with several unique entertainment options makes Memphis a cheap and attractive place to live.
5 – Landlord Friendly
Memphis has fair laws that generally favor landlords but also protect tenants at the same time. With quick eviction processes and a landlord registry in the making, the investing process in Memphis is more efficient and stress-free than ever.
Take a look at some recently transacted Memphis properties below and let us know if you would like to make some Memphis real estate part of your future.
To view some of our recently transacted Memphis properties: CLICK HERE
To read the entire NuWire Investor article: CLICK HERE