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Memphis Real Estate Investing

5 min read

Memphis Invest Turnkey Transformation of the Week!

Wed, Jan 2, 2019


We're starting off 2019 with a drastic Horn Lake, MS 'Turnkey Transformation'! You can probably tell that this property has encountered quite a bit of fire damage, so these before and after pictures are very dramatic to say the least. And you may also be wondering, when did Memphis Invest start acquiring properties in Mississippi? In addition to Memphis, Dallas, Houston, Little Rock, St. Louis and Oklahoma City, there are plenty of smaller, nearby markets that Memphis Invest has been able to enter in these sprawling cities.

It's somewhat common for Memphis Invest to purchase slightly distressed or damaged properties. If the home is located in an area that fits our strategic criteria and just needs a lot of work, we're not 'scared away'. After 15 years and more than 5,000 properties, we've seen and done most everything when it comes to real estate! It's common to have a different set of issues when it comes to fire-damaged homes though. We definitely take a 'fine-tooth comb' approach when considering all electrical, plumbing and structural items, making any repairs recommended by licensed contractors.

When it comes to acquiring our properties, Memphis Invest bought it's first home in Horn Lake, Mississippi back in 2015. Like many metro cities, Memphis draws a lot of attraction from it's closely neighboring states like Arkansas and Mississippi. With cities like Southaven, Olive Branch, and Horn Lake being right along the border of Tennessee and Mississippi, it is natural for us to occasionally expand to these areas when a property meets our criteria. The proximity to Memphis and the similar affordability of these areas allow for investors to take advantage of these markets and diversify their portfolios even further.

Related Article: Investors Can't Afford to Sleep on the Booming Memphis Real Estate Market

North Mississippi properties are attractive to residents as well because of the growing job market Memphis has to offer and the available attractions. Southaven, Horn Lake and Olive Branch are all about a 15-30 minute drive to Memphis, providing a reasonable commute for those looking to experience a bigger city and all it has to offer.

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After a whopping 212 days of renovation and a $64,000 budget, we were able to truly transform this burned-out Mississippi home into a freshly renovated property for our investors. Within 2 days of the property's completion, we already had qualified, approved residents lined up to move into the home with a 2-year lease.

About this Transformation:

The owner of this Turnkey Transformation is from Colorado. This investor purchased FIVE properties from us, all closing within 2 weeks of each other! They found Memphis Invest through other Memphis Invest clients and are now members of our WOW group. For investors who own 5 or more properties, they are a preferred Memphis Invest client and belong to our 'WOW' Group.

This property was renovated for our Memphis Invest client, here's more info about the house:
- 4 bedrooms, 2 baths
- 1,996 sq. ft.
- House was Built in 2003
- New Water Heater
- New Furnace
- New AC
- Updated Electrical Panel
- New Dishwasher
- New Roof
- Poured a New Driveway
- HVAC, Plumbing and Electrical repairs as recommended by licensed contractors.

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Chris Clothier
Written by Chris Clothier

Entrepreneur, writer, speaker, ultra-endurance athlete, husband & father of five beautiful children. Chris puts these natural talents on display every day. As a partner at Memphis Invest, Chris addresses small and large audiences of real estate investors and business professionals nationwide several times each year. Chris is also an active writer, weekly publishing real estate, leadership, and endurance training articles.