The Memphis Market and Our Next Investment Tour | PREI 098
Passive Real Estate Investing
Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.
4.6 • 968 Ratings
🗓️ 9 April 2018
⏱️ 26 minutes
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| 0:00.0 | Welcome to passive real estate investing, the show where busy people like you learn how to build substantial passive income while creating wealth for the long term. |
| 0:10.0 | And now here's your host Marco Santorelli's. |
| 0:14.0 | Welcome to another episode of passive real estate investing. |
| 0:17.1 | I'm your host, Marco Santorelli. |
| 0:18.9 | And today I want to talk about Memphis and our next upcoming Memphis Investment Tour. |
| 0:24.0 | Now for many of you you know that we did a property slash investment tour last year. |
| 0:29.0 | I believe it was around the October, September, October time frame. |
| 0:32.0 | I'm going to let James correct me here in a minute. But if you remember, if you go back to an earlier episode, I believe it was episode 80 something, you will know that we talked about the Memphis market and why invest in Memphis and why it's such a great cash flow market and now we can actually look back and talk about what we did on this two day Memphis Investment and Property Tour because it was quite amazing. |
| 0:55.2 | There was a lot of great content and education. |
| 0:57.6 | We had some great speakers from all over the country and it was all packed into one and a half |
| 1:02.4 | days and so guess what it's happening again |
| 1:05.3 | we're having another event in May and it's an opportune time because they happen to have |
| 1:10.5 | this world famous barbecue festival or event that goes on and so the |
| 1:15.1 | timing is purposely done to coincide with that event. So I brought James back on |
| 1:20.3 | the show here and for those of you that don't remember James leads the team that we work with in Memphis they are a great |
| 1:27.3 | great company and a great provider in terms of putting out fantastic income producing rental properties. |
| 1:34.6 | So in last year in 2017 James and his team they renovated, they purchased renovated and sold |
| 1:41.2 | over 235 single family homes in Memphis, Tennessee. |
| 1:45.4 | The average price of those properties were $101,000. |
| 1:48.8 | So we're not talking super expensive properties, but they're affordable, they cash for |
| 1:52.3 | well, they rent for a very high dollar amount making the cash. expensive properties. |
| 1:57.0 | So, James and they're affordable, they cash for well, they rent for a very high dollar amount, making the cash on cash returns very attractive. |
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