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Frequently Asked Questions
Do you have questions about real estate investing with Memphis Investment Properties? Below you'll find commonly asked questions.
If you don't see the question you're looking for, we invite you to call us at:
866-311-7933
Leasing Guarantee: If, after 90 days of you owning the property and we have yet to have found a tenant, Memphis Investment Properties will pay your mortgage on day 91 until the day a tenant moves in. Fortunately, our in-house property management by Reedy and Company has the best full-time leasing department. 70% of the time, our investors close on a property, there is already a tenant in place, or the home is pre-leased!
Maintenance Guarantee: We are proud to provide the highest quality renovations in town, which is why we are able to offer a 1-year maintenance guarantee. Within one year of owning the property, if there are any maintenance issues that arise that were originally on our scope of work, than our team will make the repairs at no charge to the owners. Tenant damages and acts of God are not covered.
Yes, we are well-versed in the guidelines of the 1031 Exchange and can assist in putting together a portfolio of properties for you.
70% of the time, when the investor closes, there is a tenant either in place or pre-leased.
Yes, although they are rare, we will occasionally offer duplexes available for investors.