Why Should You Invest in Memphis?

The Memphis, Tennessee Real Estate Market offers a package of investing benefits that are unavailable in other major metropolitan areas. Due to inflation and increasing property values relative to rental markets, this is the ideal time for investors.

 

These benefits include:

 

• Immediate Equity
• Instant cash flow in most cases
• Tax Advantages
• Income and Appreciation
• Low Down Payments
• Leverage-Equity Build Up
• Undervalued Properties

What is driving the market in Memphis?

• Large blue-collar work force that has kept housing costs low
• Median home price is less than $120,000
     -Comparison: Palm Beach County, FL $390,000
• Memphis has the 7th highest foreclosure rate in the U.S.
• According to MarketWatch – Memphis is one of the highest rated cities to be at risk for rising interest rates on existing mortgages (#2)
• According to Money Magazine May 2007 – Top 100 Biggest U.S. Markets, Memphis is in the top 3 projected appreciating markets in the South

These circumstances create inexpensive investment properties and a strong rental market.

Fortune Magazine recently picked Memphis as the #10 real estate market for investing. (March 20, 2006)

Fortune predicts appreciation of 6% - 7% a year in Memphis for 2006 – 2007.

When factored into these deals – Appreciation and Depreciation make these deals even more attractive.