Creating Wealth Real Estate Investing with Jason Hartman CW 539 - Memphis Market Profile from Ryan, Local Market Specialist
It’s unclear exactly why Memphis is a rental property owners dream investment city but it is. Vacancy rates are consistently 5% or less year over year. Even when people are qualified to purchase a property they insist on renting. Add to that the dynamic nature of this culture filled town and major distribution companies who do business there and you get a perfect bluesy mix of properties and opportunities for your next investment.
Key Takeaways:
Jason’s Editorial:
[1:42] Chicago property tour 7/15 -7/17
[2:58] 3 cities now that Detroit is confirmed
[4:12] Voicemail from Roger about managing your property managers
[6:10] An entire episode on managing your manager coming
[6:40] Search Jasonhartman.com with the keyword property manager
[8:00] CNBC video - Rents rising and supply is constrained
[9:59] Let’s get in the game and take action
Ryan from Memphis:
[11:57] Invest in Memphis - it’s great for rental properties
[13:10] Is Memphis saturated with investors?
[13:48] Why you should love Memphis as a rental property buyer
[14:44] Vacancy rates are 5% or less
[16:00] The reasons tenants rent
[17:03] Rent a nicer place than they can own
[20:02] Society is changing towards not planting roots
[20:48] Time Magazine home ownership article
[22:56] People are looking for dynamic, cultured cities
[24:53] Different levels of property available in Memphis
[26:38] The evaluation process for finding properties
[29:12] The government assisted housing dilemma
[32:00] The benefits of a section 8 housing tenant
[34:45] Ryan’s unique selling proposition
[36:24] When choosing which markets are best, Memphis is growing
Mentions:
La Banque - Chicago hotel of choice - $131 per night - (708) 798-6000