Memphis Real Estate Investment

6 Reasons to Invest in Real Estate in Memphis

If you’re thinking about buying a Memphis investment property, you're probably aware of Memphis and its many amazing qualities. However, you may not know all the reasons why the River City is a fantastic place to invest in real estate and rental properties. Here are six reasons why this is so.

1. Memphis Is Not in a Housing Bubble

There's less danger in investing in the Memphis real estate market than in other areas where housing prices are already high. It's crucial to leave room for appreciation; otherwise, your investment is facing an uphill battle.

Staying away from bubbles is a wise move. You won't end up overpaying at the top of the housing market. Instead, Memphis prices are relatively stable and predictable. That fact means the job of predicting and maximizing your return on investment is that much easier.

2. Memphis Is the Second-Largest Metro Area in the Region

Memphis is a growing city with more than 600,000 residents. The area has plenty of industry and other workplaces with major employers such as FedEx, so demand for housing is reliably high. That means there's no shortage of potential renters for real estate investors.

The city is an essential center of a thriving community of people. It's also a mecca for commerce, industry and artistic endeavors. Invest in a growing town that has all the most beneficial characteristics for profitable real estate investments, including a robust rental market.

3. Home Costs Are Below the National Average

There are still bargains in Memphis, which is not the case in the nation's most run-up areas. That's fantastic because when it's time to sell or rent, you will do so with competitive prices. If you're investing in higher-value regions, the final deal total and all the accompanying numbers will be sky-high. For investors who want to risk a bit less and are looking for affordable home prices, Memphis is a fantastic alternative.

4. Memphis Has Many Attractions

Memphis has a world-class entertainment industry that draws visitors from around the world. The southwest Tennessee city is known for a distinctive blues strain, and both rock'n'roll and soul music had their beginnings in the town. 

Memphis is home to Sun Studio, where many legends like B.B. King, Johnny Cash and Elvis Presley laid down recordings.

Speaking of Elvis, his former home is now the Graceland mansion museum, which is a famous attraction. Visitors and residents never get bored in Memphis with tons of things to do. That's another reason the city is attractive to people who need rental units. Investing in real estate in Memphis makes sense because all these factors stack up nicely in the town's favor.

5. The Memphis Economy Is Doing Well

The economy shows robust health, which is a primary requirement for excellent rental and real estate investment environment. Strong demand for workers keeps people coming into the area, and they need places to live. 

FedEx, International Paper and AutoZone are all in Memphis, and they employ many workers. There are other large companies with large workforces, which also keep the area booming. As long as these companies continue to thrive, the city will benefit in the form of rental demands. Investors who are willing to put money into the area should have no problem finding someone to live in the building.

6. Memphis Is a Town of Renters

The majority of people in Memphis rent apartments and homes. That means it's attractive for investors who want to own and manage the properties. There is no shortage of willing applicants seeking to take on a new unit.

Landlords have a decent set of rights in Memphis, including the ability to evict someone if they're 14 days late on rent. 

Memphis has many benefits and is catching on with real estate investors from around the world. If you're considering the area, it's worth researching to find out if it’s right for you. It's a case of weighing the risk versus the reward, and for Memphis, it will mitigate some of the dangers.

If you're looking into bubble areas, you'll find that it's nearly impossible to find bargains, let alone at the price you will discover them in Memphis. That's reason enough to focus some of your attention here. Getting a high return requires buying an in-demand property at a price that makes sense.

As Memphis real estate investing experts, Revid Realty should be the first place you contact. Our experienced team understands the area better than anyone and would love to assist you with your next investment. And once you've bought an investment property, Revid Realty's property management services can help you get the most out of it by taking care of maintenance requests, screening for qualified tenants, rent collection and more.

Contact us today to find out more about Memphis investment properties! Our real estate professionals will be happy to help you find the investment opportunity that's right for you.