Acquire a Memphis Property Investment and Leave the Rat Race for Good!

[Shiela Harroway]

A major city where half of the population are leasers is truly an investor’s dream come true. The potential profit from owning multiple rentals from a location like that is just astounding! Acquiring money to put into your other ventures is only achievable if you’re financially free by having a dependable passive income from a constant cash flow. But then again, going to the real question, is there such a city or location that exists despite the housing bubble burst in addition to the economic downturn? There must be at least one, in a certain place here in America because it is, not surprisingly, an expansive nation. A great candidate would be the city of Memphis in Tennessee.

The United States’ 17th largest city is Memphis. It has a population of approximately 600,000 as given by the last census, while its greater metropolitan area has over 1.3 million. You can’t go wrong if you were to invest in Memphis through renting real estate property out, short selling or even flipping properties for buying and holding, and at some point, selling specially in the midtown area.

What really is notable is the prospering economy of the Memphis metropolis. You will find three fortune 500 companies, one of which has the biggest and busiest cargo hub in the US, FedEx’s “Superhub” provides jobs for 30,000 workers.

Its one of a kind location makes Memphis amongst the only four cities in the United States in which the new I-69 Interstate (Mexico to Canada) passes through. Additionally, this logistical advantage is home to the largest volume of trucking companies anywhere in the United States. Even Warren Buffett himself has invested in its train hub, being it as the third biggest in the country. So with all that being said about the growth and development of Memphis, the important question to ask is “Why would I like to invest in property in Memphis?”

Even in post economic slowdown, the real estate investing scene in Memphis is alive and kicking. . It’s inexpensive to rent than to get yourself a house in Memphis and this shows in the high number of renters (46% in the city, 28% in the National average) in the area. Even with the more expensive rental rates in comparison with actual real estate property prices, the apartment occupancy is up to around 92%. Retirement in Memphis is also excellent with the low-cost of living and low property taxes. All these great factors made Memphis have a position in the top ten locations to invest in real estate according to the business publication, Business 2.0.

Memphis is not only great for its cheap and affordable cost of living, the Graceland, or its barbecues (Dee-lish!); Memphis is excellent for all real estate investors who are interested to earn money through real estate investment to establish a sure cash flow.