Memphis Investment Properties‘ First-Half 2011 Sales Point to Record Year for 30-Year-Old Company
On track for a banner year in the company’s 30-year history, Memphis Investment Properties sold 49 homes during the first quarter and 51 during the second quarter for a total of 100 homes in the first-half of 2011. The majority of these sales have been to out-of-town real estate investors, as MIP has continued to sell Memphis real estate properties to investors around the country and the world.
“Interest in Memphis property from foreign investors throughout the world continues to increase at a rapid clip,” said Jim Reedy, company president.
In 2010, the company began to receive calls from investors in Australia and New Zealand. Since that time, investors from the Netherlands, Italy, as well as China, Thailand, and other countries in the Far East have emerged interested in purchasing Memphis properties for investment purposes.
Investors from Australia and other countries sometime surprise Reedy, by just popping in the office, having made the trip to Memphis to make impromptu tours of the city in search of investment property, because Memphis has proven to provide consistent returns on investment for foreign and domestic investors alike.
Now managing more than 1,000 homes for investors with its turn-key service, Memphis Investment Properties continues to be a leader in providing top-quality property management.
With nearly half of residents in Memphis renting their housing, the demand for rental property remains high. Companies such as Mitsubishi and Electrolux moving into Memphis, is bringing with them a pool of potential tenants with high incomes.
“With high demand and the steady arrival of potential new tenants, we anticipate that we will sell 250 houses by year-end,” Reedy said.
For more information about Memphis Investment Properties, visit http://www.MemphisInvestmentProperties.net, or call 1.888.INVEST3 (468-3783)
Tagged with: Adjustable Rate Mortgages • Apartment Complex • Bank Owned • Bankruptcy • Broker • Business • Cash flow • Chapter 11 • Chapter 13 • Commercial bank • Commercial property • Commercial Real Estate • Credit Rate • Deed in Lieu • Defaulted Loans • Discounted Mortgage • Distressed Property • Electrolux • Far East • Foreclosure • Foreclosure Auction • Industrial Property • Investment • Investment Property • Investor • Lease Purchase • Loan Modification • Loan Mods • Markets • Memphis Investment Property • Memphis Tennessee • Mortgage loan • Multi Family Property • NAR • Rate of return • Real estate • Real Estate Investing • Real estate investment trust • REIT • Rental Property • REO • Self Storage Buildings • Sheriff Sale • Short Sale • Wholesaling
Filed under: Real Estate