Unveiling Memphis Gems: Uncovering Profitable Real Estate Deals

Unveiling Memphis Gems: Uncovering Profitable Real Estate Deals

Real Estate Investing Podcast

31/07/2023 5:56PM

Episode Synopsis "Unveiling Memphis Gems: Uncovering Profitable Real Estate Deals"

Aaron Ivey welcomes back Mac from California. They discuss real estate investment opportunities in Memphis. They focus on areas with potential for value addition and share their experiences touring properties. Mack reveals his personal journey into real estate investment after inheriting properties from his grandparents and managing the family's portfolio. He mentions a nontraditional loan product called DSCR (Debt Service Coverage Ratio) that allows lending against the property's cash flow rather than the investor's income. They plan to explore opportunities in the Whitehaven neighborhood and near the airport. The episode includes a story about banks' reluctance to offer nontraditional loans before the real estate market correction.

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