24 W Colorado Ave, Memphis, TN 38106
16 Unit 1 Bed 1 bath Apartment Complex-Near Downtown Memphis!!! • Price: $640,000 • 16 bed • 16 bath
16 Unit 1 Bed 1 bath Apartment Complex-Near Downtown Memphis!!! • Price: $640,000 • 16 bed • 16 bath
Income Property – Rented $875 a Month LONG term Tenant • Price: $75,500 • 3 beds • 2.5 baths • Townhouse
Turnkey investments are booming for a reason - no fixing, no tenant hunt, just pure passive income. Learn why hands-off investing is gaining ground.
NEW ROOF!! GREAT ROI! SUPER NICE TURNKEY PROPERTY Price: $119,500, 4 beds, 1.5 baths, Single Family
Rented $1,150 Per Month! Built in 1995 Price: $113,500 (SOLD), 3 Beds, 1 Baths, Single Family
Over 2000 Sq Feet HUGE HOME!! Rented $1725 Per Month! Price: $159,000 (SOLD) • 4 bed • 2 bath • Single Family
This financial literacy article is based on my experience as an out-of-state landlord with three rental properties in and around the Memphis, TN area. I bought my first rental property in 2011, my second in 2013, and my third in 2014. Investing in turnkey rental properties outside of your local area is cash intensive. You'll need 20% down for a 30-year mortgage. However, if you invest in a real estate market that has property values more affordable than your own, the reward is a nice monthly coupon you can bank on.