Eager Foreign Investors Seize Opportunities to Invest in Memphis Real Estate; Memphis Investment Properties 2011 Sales Soar

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Memphis, Tenn. continues to attract global investors realizing the high ROI for this market. With high rental prices and low vacancies, Memphis rental homes provide a steady income stream

Sales figures climbed steadily for Memphis Investment Properties during 2011 as real investors from other countries continued to seek out the expertise of the 30-year company to expand their portfolios.

Sales have more than doubled during the third quarter 2011 compared to the same period in 2010. With ever-increasing sales to global investors, the company closed on 70 homes during the third quarter in 2011, while in the same period last year 32 homes were sold, representing an increase of 119 percent.

The total number of home sale for MIP during 2011 is up 43 percent compared to the total the same time last year. To-date in 2011, 173 homes have been sold. The 2010 sales total was 121.

“Purchasing investment properties is one of the most secure investments you can make, which is particularly especially attractive in this period of economic uncertainty,” said Jim Reedy, president of MIP.

Reedy and his team members have circled the globe making presentations to foreign investors. Because MIP maintains an inventory of more than 70 homes, many investors buy the houses sight unseen, trusting Reedy’s more than 30 years’ experience in real estate.

“In our travels to other countries, we have seen increasing interest in the Memphis market from foreign investors,” said Brad Reedy, investment counselor. Brad Reedy joined the family business in 2010.

Specializing in investments and property management for foreign investor who seek high returns on their investments, MIP is on track for the 2011 sales total of 250 properties Reedy set early in 2011.

For more information about Memphis Investing Properties, visit http://www.memphisinvestmentproperties.net.

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