Memphis Investment Properties Enjoy Banner Year as Investors from Across the Country and Around the World Buy Real Estate in Memphis, Tenn.
Online PR News – 23-June-2010 – – (Memphis, Tenn.) The Memphis real estate investment climate keeps getting hotter and hotter, as investors from around the world look at real estate investment properties in Memphis.
“Every day I get a call from a new out-of-town investor. We have investors from all over the country and that’s rapidly expanding to around the world,” said Craig Jennings, partner in Memphis Investment Properties.
Investors from The Netherlands, the United Kingdom, Australia and China are coming to Memphis in search of the best real estate investment property.
U.S. News and World Report’s web site ranked Memphis No. 1 city for Best Real Estate Steals on February 18, 2010.
The economy in Memphis is not only thriving, but growing, with more distribution companies steadily relocating to Memphis.
“With nearly half of the population of Memphis renting their housing, our investment homes stay pretty full and our vacancy rate is very low,” said Jim Reedy, company founder.
Memphis Investment Properties currently manages more than 850 rental homes and that number is growing every day.
California investors also are finding Memphis a prime place to invest in real estate.
“In May, we closed on 16 houses for a single investor from Southern California,” Reedy said.
For more information about investing in Memphis real estate, call 901-859-9070, or visit www.memphisinvestmentproperties.net.