Real Estate investors buying discount properties in Memphis have been keeping a sharp eye lately on the economic numbers coming out. Some of the big story lines that have so many excited are those around employment. With Memphis landing several big announcements in the past two months from major international companies, economic recovery and the roll Memphis is going to play for the nation seems to be forefront.
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Memphis, Tennessee has not been immune to the pains of a slow economy and some small companies have certainly suffered over the past few years. However, while the economy has put the squeeze on many small businesses and single man operations, the investment housing boom in cities like Memphis has helped some small businesses flourish. MemphisInvest.com, formally known as Memphis Invest, GP, is a family owned real estate investment company who has led a resurgence for several local small businesses and even helped grow their services during the recession.
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Memphis continues to be the beneficiary to big announcements from major corporations intent on growing and developing new operations in Memphis. With the announcement this week of 275 additional long term jobs, those who are investing in Memphis real estate have have 275 more reasons to smile!
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Mortgage interest rates continue to rise on almost a weekly basis, according to information released by Freddie Mac. The average rate on a 30-year fixed mortgage jumped to 5.05 percent last week. That is the highest the rate has been in over three years and is the 6th straight week that the rate has gone up.
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Today, I am going to share a little wisdom I heard from a group of the best real estate investing minds I have ever met. When we met Fortune Builders a couple of years ago, they had already made a name for themselves as a premier property flipping company and had gained national notoriety as one of the hit companies on A&E T.V.'s "Flip This House". We were interested in having them speak to our investors about real estate in general and they were interested in seeing our operation up close. What resulted from that first meeting has been two of the absolute BEST companies in their respective fields teaming up to help investors around the world take advantage of this crazy real estate market.