It is easy for us to be pro-Memphis as we live here and are actively invested, and we have a diverse group of investors from around the world that shares our opinions. We currently manage homes for investors from eight countries and from all across the continental United States and Hawaii. Simply put, Memphis is on the map as a cash flow market. Memphis makes sense because:
Acquisition price vs. rental amount is favorable for excellent cash flow
Low Property Taxes
Linear market provides steady cash flow
Favorable Landlord Laws
Acquisition price vs. rental amount is favorable for excellent cash flow
Backbone of the Economy-Logistics
Memphis is one of only three U.S. cities that is served by five Class I railroads. These include the Norfolk Southern, Burlington Northern Santa Fe, Canadian National, Union Pacific, and CSX. All the railroads have identified Memphis as a high-growth market for intermodal traffic, and four of them have invested significantly to expand the capacity of their terminals.
Additionally, Memphis is served by two national interstate highways: I-40 and I-55. Together these two interstates provide north-south and east-west access across the entire country, connecting ports, gateways, and other major distribution centers. These two interstates are being supplemented with two additional interstates, I-69 and I-22, as well as a regional interstate bypass to provide increased highway capacity for the coming decades. I-69 is the so-called “NAFTA Highway,” which will extend from Canada to Mexico, passing through Memphis. It has been identified as a “Highway of National Significance.” When completed, I-22 will be an important route connecting Memphis to Birmingham and Atlanta. This is why Memphis has more than 400 trucking companies enabling local operations that provide easy access to local, long distance, truckload, less than truckload, and specialized freight options. Located less than 500 miles from the mean center of U.S. population, Memphis is well-positioned to serve a major portion of the country. In fact, 36% of the country can be reached overnight and almost 70% can be reached by the second day.
Bottom line: these are well-paying jobs that provide the backbone of our economy. The 4 R’s (railway, roads, rivers and runways) are here to stay!
Massive Investments Now!
The Memphis market is experiencing a huge commercial boom with $4 billion worth of “major recreational, medical, educational, tourism, and lifestyle-oriented projects” that have either been recently completed or are currently in progress. These projects will significantly affect the economic growth and quality of life in Memphis.
What are others saying?
Market Stability: #7 in Property Appreciation 2014 (RealtyTrac)
Hot Market: Top 10 Hottest Real Estate Market for 2016 – CNN January 2016
# 1 Most Profitable City to Invest – Wall Street Journal 2013
# 1 Place to Buy Rental Homes – RealtyTrac 2013
Just Because!
Each year, Memphis in May honors a different country with a fantastic month featuring one of the largest outdoor musical festivals and the world’s largest BBQ competition. http://www.memphisinmay.org/
Sports fans with the best grammar. Not sure how they rate this, but we will take it. http://ftw.usatoday.com/2015/12/grammar-rankings-every-sports-city-in-america-memphis-grizzlies
Travel + Leisure included Memphis on a list of five family-friendly places to visit in the South.
ESPN voted the Memphis Grizzlies the second-best franchise in all of pro sports. Our strengths? The arena’s proximity to Beale Street, one of the least expensive tickets in the NBA, and great players.
Thrillist named Memphis the “King of Barbecue Cities” because there’s no better place to “explore multiple varieties of barbecue — from pure traditional to modern renditions.”
Voters in USA TODAY 10 Best reader polls really love Graceland. It’s been named “#1 Best Iconic American Attraction,” “#1 Best Musical Attraction,” and “#1 Best Historic Southern Attraction.”
Sun Studio named as a “Best Musical Attraction” by USA TODAY 10 Best.
Beale Street named as “America’s Most Iconic Street” by USA TODAY 10 Best.
