1. Understand the local real estate market and the factors that can impact property values. This includes studying economic trends, the job market, and the state of the housing market.

2. Develop a solid investment strategy and stick to it. This may involve identifying specific property types or geographic areas to focus on, or setting target rental rates or return on investment goals.

3. Be prepared for the costs and responsibilities of being a landlord. This includes budgeting for repairs and maintenance, understanding local rental laws and regulations, and having the ability to screen and manage tenants.

4. Build a network of professionals to assist with the buying and managing process. This may include real estate agents, property managers, attorneys, and accountants.

5. Be patient and willing to learn from mistakes. Real estate investing is not a get-rich-quick scheme, and success often comes from staying the course and continuing to learn and grow as an investor.

 Memphis Real Estate Investment News 2018 

Are you curious about how things are going in the Memphis Real Estate Investing Market? REdiversifiedassets.com  (REDA) Real Estate Diversified Assets is an all-inclusive platform that affords you insight, information, properties of all type and a tailored approach to meet your needs. 

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.