The Market is Stable: Memphis Real Estate 2023

The Market is Stable: Memphis Real Estate 2023

This podcast episode is about real estate investing and why Memphis is a stable market for investing. Brett Bernard talks about how Memphis has been one of the most stable markets in the country, even during the 2008 crash. He explains that this is because of the large number of renters in the area, who work in the service industry in places like FedEx, St. Jude, the Memphis Airport, Amazon, and Nike. These people continue to go to work, even during economic downturns, which keeps the rental market and real estate market stable.

We also discuss a case study regarding a couple who live in California and wanted to invest in, and ultimately move to, Memphis. After a rough start with another agent, they contacted Brett and bought a package of 7 properties, quickly expanding their rental portfolio to 11 properties. They are now making $7,800 a month in rental income and are planning to sell their house in California and buy a "mini mansion" in Collierville, Tennessee with the money. This story shows that with hard work and smart investing, it is possible to make a lot of money and move to a better lifestyle.

 

For more information about this episode of our real estate investing podcast:

https://epmrealestate.com/podcast/the-market-is-stable-memphis-real-estate-2023