Understanding Investment of Income Property

Understanding-Investment-of-Income-Property

Many investors find rental income property a good way to build wealth. As an investor, it is essential to have income producing properties as part of your portfolio. The idea of owning real estate is gaining popularity as investors tire of the stock market’s volatility. However, not everyone has what it takes to be a landlord. Correctly investing in rental income properties requires an effort to acquire knowledge which is crucial to your success. Don’t be completely dependent on so-called “experts” to make decisions for you. Remember, it’s your money, not theirs. Timing is a critical component because buying in an overheated market will require a bigger potential annual return to make up for that risk. You should also have a good idea regarding how long you plan to own a rental property. The longer you plan to own the property, the more you’ll probably need to invest in maintenance, repairs and improvements. A 20 year old property will require more money to maintain then a 5 year old property. Avoiding the expense of any major improvements will naturally result in a better investment.

Lenders and their requirements

During the last 25 years as a mortgage banker, my career has evolved around lending, underwriting and approving loans to potential clients. Lenders look at any loan as an investment and the stability of that investment and the applicant seeking financing to is part of that approval. Potential investors should understand what and how lenders look at applicants and what it means. The better your credit rating, the better the chance of having your loan approved. This translates into the less credit card and other consumer debt you have, the better your prospects for getting a decent loan. Lenders also look at the down payment towards the purchase. A bigger down payment is an indication of strength as a borrower and that is important. Lenders look favorably on a large down payment because they see you as an investor that has the resources and ability to save by properly and efficiently managing your finances since the default ratio on investment property tends to be higher. The amount of cash reserve left over after buying a property is as important as the initial down payment. Lenders need to approve the borrower as well as the investment property. Know that the property will be thoroughly scrutinized before approval is given. It is extremely important to understand the Debt Coverage Ratio (DCR). It is also known as (DSCR). Debt Service Cover Ratio is a widely used benchmark which measures an the income producing property’s ability to cover the monthly mortgage payments. A debt coverage ratio of 1 to 1 or 1.0 indicates that the income generated by a property is insufficient to cover the mortgage payments and operating expenses. A DCR of.95 indicates of a negative income. A property with a DCR of 1.25 generates 1.25 times as much annual income. Let’s use the DCR of 1.25 as an example. The property creates 25% more net operating income (NOI) than is required to cover the annual debt service. It is imperative to get a good interest rate as the interest rate has a direct impact on the DCR. Verify the current interest rate given by your local lender on a similar property prior to your purchase. Start asking you lender what they prefer to lend on in terms of the DCR and down payment. This step will alleviate most of your problems early in the process and allow you to present the proper offer to meet your lender’s requirement.

Overpaying

Keep in mind that profit is made when you purchase the property, not when you sell it. It is important to spend some time researching the property and the area in which you are interested in buying. The rental real estate market is generally tougher on investors who overpay for an income producing property. This is not an emotional purchase. Successful investors look strictly at the numbers to see if their investments will pay off. If you pay too much for a rental property, don’t count on getting bailed out by another fool. Some investors tend to use a single formula to analyze their purchase such as a gross multiplier (GM), Net Multiplier (NM) or cap rate (CR). Others try to estimate what the property could be worth after needed repairs and upgrades. All that is fine but it is really not enough. The truly successful investor examines all of these factors and more in order to make a correct calculation. A comprehensive assessment achieves the desired result: a clear picture of your investment.

Expense

Analyzing the expense of any income property is tedious and can be an inaccurate presentation. The national average operating expense in the US is approximately 40 to 45% plus or minus 2% which includes management fees, vacancy rate of 3 to 5%, operating expense, maintenance, property taxes, legal fees and so on. It is important to verify the information before you commit to the purchase of the property and all offers should be subject to proper verification and validation of the income and expense statement. If not properly verified, false information will skew the numbers and result in an incorrect analysis of the property. You also should know how repairs and improvements are treated for tax purposes. Understand that some improvements can also mean an addition to the amount you paid for the property to determine your tax basis when selling. The higher the basis, the lower your taxable profit. Any property income-expense statements prepared by the seller that typically show operating expense of around 30% or less is called the “Liar’s Statement”. An income property’s expense usually runs at 40% to 45% depending upon the age of the property. Many property buyers tend to ignore or overlook expenses such as vacancy, collection loss, managing the property (time that it takes you to manage the property has to have a value attached to it of about 6%), eviction fees, attorney cost replacement of capital such as ( water heaters, repairs, roofs), and other non common expenses. Utilize 40% to 45% as the percentage to use for calculating operating expenses, regardless of what the seller gives. Another option is to employ the percentage used by lenders in your area since it will probably be more accurate than the figures issued by the seller.

Inspection

Although property inspections are often thought of as being for owner-occupant purchasers of single-family homes, there is no reason not to use a home inspector, as well as other specialized inspectors, in the purchase of investment properties of all types. Such inspection will give you a better understanding of your potential investment. You should request a non biased third party to thoroughly inspect the property as part of your offer to purchase.

Conclusion

Determining whether a property is giving you a cash flow or not depends on several factors. The seller of a particular property is not going to give you something for nothing, Investigate your options and be ready for a great ride. Most investors use appreciation to get most of the return on an investment. However, this is not the whole picture. A positive cash flow remains a priority when investing in an income producing property. Sustaining a negative cash flow for an undetermined period of time is neither safe nor smart. If investors are willing to accept a negative cash flow, then they must have better reasons to justify the negative cash. Most properties that are purchased without proper analysis will have the exact opposite effect on your cash flow and your cash will be held hostage while trying to feed that rental property. Negative cash flow properties require constant support or else will turn on you quickly. Whether you can afford the financial drain of your well earned cash depends on your ability to generate cash somewhere else. If depreciation of asset is your need to acquire the asset please note that assets depreciation is not to avoid paying taxes but a merely a deferment of the tax obligation. Upon the liquidation of your assets, all appreciation will be added back to your capital gain tax bill. Even in this depressed economy, investors stand to make good buys and profit if they are armed with the knowledge of what it takes.

Article Source: http://EzineArticles.com/3283399


Memphis Buy And Hold is specializing in locating, purchasing, renovating and managing single-family and multi-unit properties and possesses over 8 years of experience in real estate investing and property management in the Memphis and Nashville markets… Learn More…… www.memphisbuyandhold.com

Buying a Real Estate Property That Will Generate Positive Cash Flow

Buying-a-Real-Estate-Property-That-Will-Generate-Positive-Cash-Flow

When looking at real estate properties as financial investments, you will have to decide whether an appreciated value or positive cash flow is your main goal for getting properties. There are some things you need to consider before you make that decision.

Since you would more than likely be looking at single family homes and multifamily homes, there is a difference between the two.

With the former, the value of the property usually increases in value quicker. However, since more expenses are attached, you may not be looking at the kind of positive cash flow that you want.

On the other hand, multifamily units (i.e., duplexes) can generate more positive cash flow. However, they may not appreciate quickly like single-family homes do. Also, not as many expenses are attached to the latter.

Since most real estate investors look to create wealth, they will choose having a positive cash flow. In this case, you will need a reliable real estate agent that is willing to help you find real estate properties that will produce the positive cash flow you want.

Look at the balance sheets and see what you will look forward to as far as repairs, maintenance, fees and other miscellaneous expenses.

In order to maintain a steady stream of positive cash flow, you need to have the right tenants, so take your time. There are some people who will spend lots of money on real estate courses that don’t teach much of anything.

They end up being back at square one. Find a good real estate agent that is willing to genuinely help you. Sometimes, you may be fortunate enough to find one that is also an investor on the side.

Calculating Your Cash Flow

As a real estate investor, you need to be able to calculate all of the cash flow that comes from your properties. You want to make sure that you are making a profit. You will also be able to make decisions on real estate investments that you may purchase in the future.

In order to calculate your cash flow, you will need to add up how much rent you will get from your tenants. If you have more than one unit, take into consideration any vacancies you may have. Depending on how your property looks, include a small percentage of the vacancy rate into the equation.

With the total rental amount, get a figure for your losses. You will have to include property expenses, mortgage loan interest and property depreciation.

Deduct the expenses from your total rental income in order to get your losses or savings for taxes. With that, you will either add or deduct that from your expected amount from your tenants. Take your operating expenses and monthly mortgage payment(s) and deduct them for a second time. The result will be your cash flow.

When you come up with a cash flow amount, you will be able to figure out how much you will charge for rent if you decide to purchase future real estate properties. It’s important that whatever money you make, that you don’t squander it. Put it away because eventually you will need it for other things relating to your investment properties.

Changing Negative Cash Flow To Positive Cash Flow

When you have negative cash flow, you are not making a profit. You are paying out more in expenses than you are taking in as profit. That’s not how you want to operate when you’re investing in real estate properties.

Here are some ways that you can chance the negative cash flow to a positive one:

  • Implement a rent increase. Only increase it to the amount of the current market. Don’t overdo it, other wise you may not have any tenants.
  • Make the tenants pay the utilities. This would relieve a burden from you. Besides, since they are living in your property, they will be using utilities every day.
  • Go over your property taxes to see if you can find anything that may have been missed before. Who knows-you may find out that you were charged more in taxes than you should have been charged.
  • Contact your insurance company and see about paying more for your deductible. Then make inquiries about getting a better deal for coverage on the property.
Article Source: http://EzineArticles.com/1984942

Memphis Buy And Hold is specializing in locating, purchasing, renovating and managing single-family and multi-unit properties and possesses over 8 years of experience in real estate investing and property management in the Memphis and Nashville markets… Learn More…… www.memphisbuyandhold.com

Finding the Best Locations for Buying Rental Property That Nets the Highest Returns

Turnkey-Rental-Property

You have heard it before. T, the first three rules of real estate are Location, Location, Location, and this is no different when buying rental property. If you are in the market to purchase rental property real estate, you need to know your market. Below is a series of steps you can take to fundamentally understand your real estate market and determine the best areas in which to purchase your buy and hold properties.

Establish Where the Rental Markets Are

Here is a systematic way to figure out which rental markets in your area will have the highest potential returns.

  1. Have a realtor put together a list of properties that have sold in your area. You are going to want to find sales data on “bread and butter” rental properties – properties with 3 bedrooms, 1 bathroom, 800sq ft – 1200sq ft with a basement and a garage.
  2. Take the list of properties and sort them by sales price.
  3. Once you have the properties sorted by price, break them up into 3 groups – the lower third by price, the middle third by price, and the upper third by price.
  4. Next, take a map and start to plot out the three groups of properties. For each group use a different color marker on the map.

Once you have the map populated with, you should start to see trends on the map. The properties priced in the lower third will likely have the potential to generate the highest return. These are the areas you are going to want to investigate further. If you have lived in the area, you probably have a general idea about these areas, but you need to set that aside for now because to truly know the market you need to complete the next steps.

Drive the Targeted Market

Once you have established a few areas, you are going to want to get in your car and drive through the neighborhoods. When you do this, you need to take note of the things listed below. Please keep in mind that you should be looking for trends in the area. You may see one house that is particularly good or bad, but you are really trying to look at the neighborhood in general, so look for trends.

What is the condition of the homes in the area?

Do you see solid homes, with good roofs and freshly painted trim, or do you see you see old dilapidated homes with broken windows?

Are the properties kept up?

An easy way to tell this is by looking at the condition of the landscaping. Do you see mowed lawns with flowers planted all around, or do you see long grass and overgrown weeds? The condition of the landscaping can provide a great deal of insight about the people living in that neighborhood.

What does the neighborhood look like?

Look at the streets, are they clean, or is there trash strewn around. Look for sidewalks. If you are driving around outside of school hours are kids playing in the streets? Or in contrast does the neighborhood give you the creeps. You are really looking to answer the question “Do my tenants want to live here?”

Talk to People in the Neighborhood

It is really a good idea to speak with people in the neighborhood. If you see someone walking down the street, stop and let them know you are looking to buy real estate in the area and ask them about the neighborhood. Or, you can stop in a local business like a market or a gas station and talk to the guy behind the counter about the area.

Once you have established your target markets, and driven the areas, you should be able to quickly see which markets you want to invest in, and which markets you do not. To document this you can easily take a map and highlight the streets where you will consider investing.

Determine the Returns

The next step is to look at the potential returns you will generate. This is a very simple thing to do, and you can follow these steps.

  1. Speak with a local property management company about the rental rates for a 3 bedroom, 1 bath home with a garage and a basement in the area you have selected. The property management company should be able to give you a very good idea of the rental rates and also give you some more feedback about the area in general. You should also inquire with them about their rates for property management.
  2. Look up the taxes on a few properties to establish what you can expect to pay in taxes for properties in the area you have selected.
  3. Speak to an insurance agent about the cost of insurance for a property in your target market.
  4. Calculate your net income. To do this, simply take your rental income expected for the year and subtract the taxes, insurance, and property management expense.
  5. Calculate your return. To do this simply divide the net income you calculated in step 4 by the price you will be paying for the property.

With this information you should be able to see what kinds of returns you can generate for your targeted area. An interesting exercise to perform is to also calculate your return on areas where homes are selling at a higher price. What you will find is that the neighborhoods may be a bit nicer, but your returns are going to drop quickly.

 


Memphis Buy And Hold is specializing in locating, purchasing, renovating and managing single-family and multi-unit properties and possesses over 8 years of experience in real estate investing and property management in the Memphis and Nashville markets… Learn More…… www.memphisbuyandhold.com

6 Benefits of Real Estate Investment for Savvy Entrepreneurs

6-Benefits-of-Real-Estate-Investment-for-Savvy-Entrepreneurs

As being a property investor isn’t always glamorous however it is among the how to build wealth within the Long haul, specifically for the entrepreneurial-minded. Listed here are six reasons why you need to consider purchasing rental properties.

1. Income.

Lots of people purchase rental properties due to the money flow – the additional money that’s left in the end the debts happen to be compensated. The money flow can offer ongoing, monthly earnings that are mostly passive, enabling you to spend time creating a business, traveling or reinvesting in additional property.

Income from property is stable and more foreseeable than other companies. That’s ideal for entrepreneurs long lasting the good and the bad of start-up existence. The money flow might help float you although the bad occasions and live well throughout the good occasions.

2. Tax benefits.

Allow me to inquire quick questions: should you earn $100,000 at the own small business and that I earn $100,000 through rental properties, who get’s to help keep more?

Actually: I actually do. Since the government rewards apartment proprietors.

Not just may be the income caused by your rentals not susceptible to self-employment tax, the federal government offers tax benefits including depreciation and considerably lower tax-rates for lengthy-term profits.

3. The borrowed funds pay lower.

When you purchase accommodations property utilizing a mortgage, your tenant is really the main one having to pay the loan payment, thus growing your internet worth every month. Due to the loan pay, lower accommodations rentals are basically a checking account that grows instantly, without you depositing money every month.

Today you may owe $200,000 on the apartment, but the coming year you may only owe $195,000 since the tenant is making the payment for you personally, causing you to $5,000 more potent. Three decades lower the street, or regardless of the term of the loan, it’s compensated lower to $. You have a substantial asset that you could sell or continue renting, all because of your tenant having to pay the mortgage.

4. Appreciation.

As the loan has been compensated lower the need for the property, generally, rises. Yes, I understand, recessions do happen. Values do increase and lower. Use in the wrong duration of the marketplace. I receive it.

However…

With time, values do climb greater and greater. This is exactly why I am not within this property game for one year or perhaps a decade. I’m within this for existence. I understand my qualities continuously climb to ensure that 3 decades from now, everything is definitely worth way over I’m having to pay for this today.

5. A hedge against inflation.

Are you able to imagine having to pay $ 10 for any gallon of milk? Or $ 5 for any chocolate bar? While individuals prices appear exorbitant for you, this is actually the future due to inflation. Inflation is the procedure through which prices increase because of the worth of money decreasing.

Some people fear inflation, like an apartment owner, I expect it!

Once the cost of the gallon of milk hits ten dollars a gallon, you know what else will shoot over the top? Everything, including rents and property values! The main one factor that won’t increase, however, is my fixed-rate loan payment. As inflation pushes living costs greater and greater, my income is only going to increase. For this reason, the property is frequently known as “a hedge against inflation.” When inflation hits – I am ready!

6. Control.

I do not like my future associated with a boardroom on Wall Street or perhaps a nervous Chief executive officer in Plastic Valley.

For this reason, I select to take a position the majority of my earnings in tangible estate, knowing that I’m the one that accounts for my failure or success.

Basically, desire a better deal, I have to hustle to locate it.

When the rental market will get more competitive, I’m able to compensate by growing my advertising.

If values drop, I’m able to decide to wait for it or enhance the property they are driving the worth support.

Quite simply, I receive to manage the problem, and my financial future, with my very own two hands. Which suits me all right.

Don’t believe that simply by owning some rentals you’re instantly likely to begin building wealth. The property is effective – as long as you’re employed it right.

You have to learn to find bargains, how you can evaluate an investment and the way to finance any qualities you need to buy. Furthermore, you have to address it just like a business and nurture it as being it matures. It’s likely not really totally passive in advance, but because countless individuals throughout history have found, the payoff is worth the journey.

Article Source: http://EzineArticles.com/9600570


Memphis Buy And Hold is specializing in locating, purchasing, renovating and managing single-family and multi-unit properties and possesses over 8 years of experience in real estate investing and property management in the Memphis and Nashville markets… Learn More…… www.memphisbuyandhold.com

Finding Real Estate Investment Property – Hidden Gems

finding-real-estate-investment-property

Investing in Real estate can be a satisfying and profitable endeavor even for those who are just starting out if they know what to look for. The key is finding property that has real potential that others have overlooked without laying out too much cash in the beginning. Although there are lots of books, websites and seminars to guide you, sticking to some basics is still essential.

Maximize your information sources by using all available options. The Internet has hundreds of sites advertising real estate for sale, many of them by-passing realtors in order to save cash for both the buyer and seller. Google Base, Ebay, CraigsList and numerous others have houses listed For Sale by Owner (FSBO, a term you’ll quickly become familiar with). Don’t neglect property listed with realtors, though. Get to know realtors and let them know you’re seeking those hard to sell properties that need some work – they will often lower their commission to sell a house that’s been hanging around for a while.

Always, always visit the property yourself to evaluate it. No amount of pictures can substitute for walking the property yourself and seeing the rooms, fixtures and neighborhood up close. If you can, visit on two days – once during bad weather so you can check the basement, eaves and roof for signs of potential problems. Introduce yourself to the neighbors and get a feel for what the area is like – is it mostly retirees, or families with young children? This information will be invaluable down the line when you begin remodeling if you decide to purchase the house.

If you find problems like older pipes and wiring while checking out the property, you’ve given yourself some real bargaining power when it comes time to make an offer on the real estate. These are often the properties that can turn into a great profit margin. By pointing out potential problems (“I’ll need to upgrade all the wiring, and those pipes have had it.”), you may get the price reduced even further, or you can negotiate to have that work done at the owner’s expense before you’ll close on the house.

A complete home inspection is always a must – the report the inspector provides can point out other problems you, as a lay person, may have missed. This can mean the difference between purchasing a basically solid house that you can turn into a real gem and buying a house that looks sound but will end up being a money pit of repairs and major reconstruction! The report will cover details from leaks, carpet and floor damage to problems with the foundation or heating system. Be sure to determine what things are deal-breakers – talk to an expert about whether flaws are worth repairing, or are too major to be dealt with.

Some repairs should always be done by an expert, such as heating and air conditioning problems, repairing chimneys and flues and anything to do with the foundation of the house. Others, however, you can do yourself if you are handy yourself or are willing to learn. Fixing leaky faucets, repairing minor leaks, patching drywall, even refinishing floors can be done yourself at a greatly reduced cost – and can give you real bargaining power on the price when negotiating with the seller (after all, he/she doesn’t need to know you’re going to do it yourself!). Keeping these tips in mind will help you keep things realistic and maintain focus as you look for that hidden gem that you can turn into a showplace.

Article Source: http://EzineArticles.com/275627

Memphis Buy And Hold is specializing in locating, purchasing, renovating and managing single-family and multi-unit properties and possesses over 8 years of experience in real estate investing and property management in the Memphis and Nashville markets… Learn More…… www.memphisbuyandhold.com

Your Home Maintenance Schedule

property-management

Property management is almost always considered, in considerable detail, regarding commercial properties. However, each homeowner needs to pay particular attention, to maintaining, enhancing, and focusing, on a plan, to manage his personal property. Most home buyers consider their monthly carrying charges, and think about their mortgage interest and principal, escrow items (such as insurance, real estate taxes, etc), and utilities. However, far too often, there is no planning for the other necessities and obligations of home ownership, and because of this, many are unprepared for major repairs, or even minor ones. For that reason, I have created these 6 items every homeowner needs to plan for, prepare for, and pay attention to.

1. Painting/ power – washing: Depending upon where your home is, and what material is on the exterior, your schedule for these things will differ. If you are in a region where there is a lot of snow and ice, or one which is close to the ocean, you will need to maintain it more often. If the property is in the woods, it will probably require special care. If you have a wood house (such as cedar shingles, etc), ask a local paint store, how often houses in your area need painting. If you have a vinyl, etc – sided house, you should probably power – wash it, once every year or two. Doing regularly scheduled preventative maintenance, will often cost far less, than waiting for the major disasters.

2. Grounds: What kind of property is your home situated on? Is it level, or sloped, clear or wooded, etc? If there are lots of trees, regular leaf removal is needed. Obviously, mowing, repairing and maintaining your lawn, which includes regular watering, etc. Do you need in – ground sprinklers, and if you have these, prepare for regular maintenance, including winterizing, back – flow devices, repair, etc? How about your gardens, etc? How will you care for them?

3. Heating/ air conditioning systems: Make sure you have your boiler maintained and cleaned, and that a Preventive Maintenance, is performed, prior to the winter! Change/ clean your air conditioning systems, winterize (if needed), and make sure these are kept clean and well – maintained. Don’t forget your air filters.

4. Windows/ doors: Are you heating the inside or outside of your home? Unless your windows and doors are somewhat air – tight, you will be wasting lots of money, on your heating bills, as well as on your utility bills when you use your air conditioners! Make sure windows are caulked, when needed, and doors have sweeps, and close securely!

5. Roof: Two considerations in this area of the house. A new roof will usually last 25 years or more, but that doesn’t mean, there may not be a faulty area. Remember to clean leaves from your gutters, etc, and at the same time, take a look at your roof. Are there any areas, either in your house, or attic, which appear to indicate some dampness?

6. Interior: floors, walls, etc: Don’t forget the inside of your house. Remember, you often need to paint around windows and window sills, more often than the rest of the house. Consider a rotating painting schedule, so you paint one or two rooms, every year, on an alternate schedule! Inspect your floors, and do your wood floors need care? How are your tiles holding up? Inspect your carpet.

Create a budget for maintaining your home annually, Put aside money in a separate Home Maintenance account, and only use it, for those purposes. Anything you don’t use in one year, add to the next year’s contribution. Do this weekly, but do it always!


Memphis Buy And Hold is specializing in locating, purchasing, renovating and managing single-family and multi-unit properties and possesses over 8 years of experience in real estate investing and property management in the Memphis and Nashville markets… Learn More…… www.memphisbuyandhold.com

Real Estate – Investing for Retirement

real-estate-investing-for-retirement

Currently, this is one of the better ways of investing money but the main drawback is that it requires a lot of liquid cash but the returns are better than other investments. Before investing in real estate check out all of the loopholes before you invest. It is more than just living on a piece of land. Investing in real estate offers plenty of lucrative opportunities but it can be more complicated than dealing in bonds and stocks. Here are some ways you can invest in real estate.

Real estate trading

This is the fasted way of making money in the real estate market. The traders will purchase properties from owners with the intent to hold them temporarily and then later sell them for a better profit. This practice is also referred to as Flipping Properties. Traders will normally purchase properties that are very high-priced or highly undervalued. Sometimes when a trader purchases a property with a low price they will try to increase the value by doing some renovations. By doing this it can actually result in the trader getting a huge profit when they sell.

REITs

This stands for the Real Estate Investment Fund and is one of the easiest ways of investing. The invested money is put into this fund. It is created when a corporation or trust uses the investor’s money to operate and buy properties. It functions like a stock exchange. The corporation or trust will have to pay out ninety percent of its taxable profits to the various investors in the form of dividends. When they pay these dividends they are exempted from paying any corporate income taxes. This investment is the right choice for someone who wants to earn a regular income.

Giving on rent

Buying a vacant habitable house can be rented for a period of time with the owner of the property paying for the mortgage, various taxes, and maintenance. The rent is normally decided on the basis of where it is located. The owner will get a fixed amount of money each month in rent. Some owners like to charge more for rent so they can get more of a profit. The best thing to do is charge enough rent to cover the mortgage payment. When the tenant moves out you should put the property on the market to sell to get additional profits.

These are just three ways you can invest in real estate for your retirement. Make sure that when you are investing in real estate that you keep yourself updated with the latest strategies and regulations of the market.


Memphis Buy And Hold is specializing in locating, purchasing, renovating and managing single-family and multi-unit properties and possesses over 8 years of experience in real estate investing and property management in the Memphis and Nashville markets… Learn More…… www.memphisbuyandhold.com