Memphis Voted No 1 for Discount Property by US News

“They’ve got catfish on the table … they’ve got gospel in the air …”

So sang Marc Cohn about Memphis, Tennessee. Best known for its cultural contributions to the identity of the American south and its musical heritage, Memphis is now stepping up as one of the USA’s hottest investment locations.

Axis offers two Memphis propositions

Access to the bulk wholesale property market, for investors with capital of £100,000. This exclusive strategy enables investors to tap into the USA bulk wholesale market for the first time and purchase from £15,260 per property. You can expect a 20% guaranteed rental income for two years, with a potential 100% profit when you ‘flip’ (resell) with one of four exit strategies.

Investors can also purchase single properties from £31,875 which deliver 40% returns in just 12 months. Again, this is a ‘flip’ strategy, with US Government tenant-buyers already in place, ready to purchase the property at a pre-agreed price.

These Memphis investment strategies are designed for short-term profit, delivering the highest returns in 12 – 24 months; and are not available anywhere else!

Memphis facts at a glance

So why is Memphis taking the lead as a top US location for international property investors? Let’s look at some facts.

Fact: Business 2.0 listed Memphis in the top 10 property investment cities.

Fact: CNN Money named Memphis the 3^rd fastest area for property market recovery in the whole of the USA.

Fact: US News and World Reports listed Memphis as number 1 for bargain property.

Fact: Money Magazine listed Memphis is the top 10 cities for economic recovery overall.

About Memphis

Memphis has a population of around 680,000, making it the biggest city in the state of Tennessee; and the greater Memphis metro area extends that population to 1.3 million. Residents are drawn to Memphis for a number of reasons, including its subtropical climate; low cost of living (10% below the US national average); and the fact there is no state income tax.

Plus, 45% of the population rents, compared to the US national average of 28%.

Fortune 500 business

Historically, Memphis was the world’s largest cotton, hardwood lumber and mule market. Today, the city’s central location of being on the Mississippi River and intersected by several freight railroads and two Interstate highways, has led to much of its business development. There are more trucking companies based in Memphis than anywhere else in the USA.

Memphis is ideally located for commerce in the transportation and shipping industries and the Memphis International Airport is also the busiest cargo airport in the world, serving as the primary hub for Federal Express.

Memphis is home to three Fortune 500 companies: FedEx Corporation, Auto-Zone Incorporated and International Paper. It is also home to pharmaceutical and healthcare firm Schering-Plough Corporation, serving as the company’s research and development centre.

Booming employment and economy

FedEx alone provides employment for 30,000 people and continued expansion of Memphis as a major medical hub for the USA is set to boost employment and the economy even further. The $300 million Memphis BioTech Research Park, currently under construction, is already being likened to Florida’s Medical City development in Orlando (projected to transform the local economy by $8 billion by 2020).

Other major corporations based in Memphis include: Medtronic Sofamor Danek; First Tennessee National Corporation; Pinnacle Airlines Inc; Thomas and Betts Corporation; Mueller Industries; Fred’s Inc; Verso Paper; Allenberg Cotton Co,; Baptist Memorial Hospital; Methodist LeBonheur Healthcare; Baker Donelson; and more.

Businesses with major operations in Memphis include: Hilton Worldwide; Technicolour Home Entertainment Services; Smith & Nephew; Sharp Manufacturing; Brother International; and Harry’s Entertainment.

Films and festivals provide a further boost

The entertainment and film industry has also boomed in recent years, with several major motion pictures being filmed in Memphis. Films include: The Firm; Cast Away; Walk The Line; and Great Balls of Fire to name but a few. This also provides additional work for local residents. As do several annual festivals, including: Memphis in May; the Memphis Greek Festival; Memphis Italian Festival; Carnival Memphis; the Cooper-Young Arts Festival; and two film events (indie and international).

The perfect addition to any portfolio

Considering all these facts and figures, you can see how Memphis property investments make a perfect addition to any portfolio!

Whilst it is not necessary to visit Memphis in order to invest there, many of our clients make the trip for pleasure, as much as business. If you are ready to invest in Memphis property and want to take a trip to see for yourself, just let us know and we can arrange for our partners to give you the tour.

Next steps for success

Call our portfolio managers, David Ball and Russell Bonner for a no obligation chat on +44(0)1273 447 300.
View our currently available single Memphis investment properties.

Download our bulk wholesale investment guide.

We welcome your opinion and invite you to leave your comments below.

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