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.