Website is Live!!

February 12th, 2008 we officially launched our investor website. You can access from my personal real estate website or you can log in directly to www.bcpmemphis.com If you have a property you want to post or you are interested in obtaining a property, please call Jon or I with any questions and we will be happy to assist you!

New Investment Website

Announcing the launch of our new website www.BCPMemphis.com that is dedicated to real estate investors that are looking for Memphis and Jackson rental properties already occupied with little to no repairs needed. We are currently updating and adding new content believe it will be completely updated by the start of 2008. This website is full of solid performing properties that are currently occupied with tenants and available to purchase at whole sale prices.

Many of the listings will cash flow on 10 year fixed loans to help those that want to expedite paying off there investment properties in relatively short time to expedite the retirement plans. This is a great way to supplement your income when your retirement years arrive. With home prices holding steady and interest rates low, this is the perfect time to add rental properties to your own investment portfolio.

You can access the Memphis Real Estate Investment website from my personal site www.MemphisTNRealEstate.com or from the link above. Take a look at the site and give me some feedback on this blog about the information provided and any additional information you think should be part of the website. We are always changing an updating the website.

Scrap Metal Dealer Ordinance

Finally a little support from the Memphis City Council for rental property owners. On December 4, 2007 the city council approved an ordinance to help deter the theft of AC condensers. In fact, they even added to the ordinance during the final reading by adding a "Tag and hold provision". Here are the items included in the ordinance.

1. Scrap metal dealers must have a city permit to operate.
2. Scrap metal purchases (other than aluminum cans and HVAC coils/condensers) must be paid via voucher.
3. HVAC coils and condensers can only be purchased / sold from HVAC Contractors.
4. Property with name on it, must present valid sales receipt from property owner.
5. Scrap metal dealers must tag and hold purchased metals for 10 days.

It is anticipated the state will follow suite during the 2008 legislation. I found an article in The Commercial Appeal that has some great postings to read bringing you up to date on the problems Memphis is having with copper theft.

How to Survive the Real Estate Market

A good article came out in CNNMoney.com this morning and thought I would share the link with you. It’s title “How to survive the real estate market” . Here is a section of it below and you can decide if you want to read further.

If your business suffers from real estate blues brought on by plummeting prices, it may come as little comfort to know that this trend was supposed to have ended by now. When the market began its downturn in early 2006, some of the smartest economists in the country, as well as the CEOs of major home-builders and the National Association of Realtors, predicted that prices would rebound by mid-2007. Instead the experts have been humbled by the depth and breadth of the downturn - and the resulting sub-prime credit crisis has shaken financial markets around the world.

Memphis Real Estate Market Sales Down

An article in today’s Wall Street Journal talked about the worst Real Estate glut since the 1980’s. I have attached the article for your review in the link above. If you continue to read on. You will note that some experts are predicting 2009 for the market to bottom out. They have several reasons to blame the causes but I see the biggest reason to be the freewheeling loans that took place in the last five years.


Looking at Memphis Area Association of Realtor's Septembers numbers below, it shows that the Memphis market sales dropped 25% as compared to last year’s September's sales. Timing is everything and the market is prime to get involved as an investor. We are seeing median price sales figures compare to the 2001 median prices. Please go to my Website and contact me to discuss your options further.

YouTube Ride on a Real Estate Roller Coaster

Found this on youtube this morning, thought I would share it with you. How far will the next drop be is the big question? Watch it and give me your opinion.

Real Estate in Memphis is a whole different ride with very little drops as compared to the Coastal states.

Lenders Continue to Change Policies

An article posted in today’s Wall Street Journal discussed the rise in delinquency rates and how it is affecting or changing policies for the lending industry. The article was written to talk about certain counties with rising delinquency rates coupled with depreciating property values to tighten restrictions on specific loans.

What was interesting in the article was that Tennessee was ranked 10th in the country in late payments. The article did not state that the Shelby County was the reason Tennessee was so high, but is has been mentioned in previous stories that Shelby County is the highest county in the state with delinquencies.

The full story can be read in today’s Wall Street Journal.