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.
"Memphis is not only a great location geographically for companies looking to relocate, but there are so many communities around the city with affordable housing options from owning to renting" says Brian Rowan, a local airline Captain with Jet Blue Airlines and a Memphis real estate investor. "Knowing that more companies are looking at Memphis as a good option to build new warehouses and manufacturing plants makes me want to continue to build my portfolio".
Recent announcements from Electrolux and Mitsubishi that promise to add over 1 million square feet of manufacturing space and 3,000 plus jobs were greeted with cheers. On Saturday February 26th, the Great American Steamboat company announced that Memphis is a finalist to land the new operation headquarters for the company on the Mississippi river. That headquarters will bring between 250 and 500 new jobs to the Memphis area.
I stay on top of what is happening in Memphis, but I let the team of experts at Memphis Invest direct me where to go" says Brian Douglas an investor with MemphisInvest.com. "I know why I like Memphis and the recent news is great, but I let them do the dirty work of finding the deals and turning them into cash flow properties".
But manufacturing are not the only jobs that are being brought to the Memphis area. Memphis is also quickly becoming one of the premier areas for Bio-Medical research with the Memphis Bio-works Foundation spearheading the drive to highlight and grow this burgeoning field. Memphis is expected to add 10,000 jobs in the Bio-Medical field in the next 6 years.
"As an investor I am watching for trends not only in the pricing of houses and rental rates, but also in the employment figures and especially the medical fields which tend to be higher paid jobs and will definitely increase the value of the properties I am buying" stated James Fields, a professional real estate investor and hospital administrator from California.
Watching these trends and keeping investors abreast of the changes is what MemphisInvest.com is tasked to do as part of the Customer Service process put in place for investors. Helping investors make smart decisions and build cash flow portfolios is made easier with news like this. If you would like to get emails once a month with all of the recent economic news you can register here: