Memphis Investment Properties

What Memphis Investment Properties does

Memphis Investment Properties is a privately held Memphis, Tennessee-based turnkey real estate investment firm founded in 1979 by Jim Reedy. The company locates and purchases distressed single-family properties in qualified Memphis neighborhoods using its owned "We Buy Houses" franchise and hard-money financing, performs full renovations (new architectural-shingle roof, HVAC, water heater, hard-surface flooring; ~$40,000-$45,000 average rehab cost), and resells these cash-flowing rental homes to investors on 1-year leases. After sale, the firm continues to manage the assets through its wholly-owned subsidiary Reedy & Company Realtors, LLC, which provides tenant placement, in-house maintenance (25+ workers and a 7,000 sq ft materials warehouse), and rent collection, reporting a 96.5-97% monthly collection rate across 2,400+ managed units and average 45-day vacancies.

Name

Memphis Investment Properties

Legal name

Memphis Investment Properties

Website

https://memphisinvestmentproperties.net

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

11–50 employees

Short description

Memphis Investment Properties is a Memphis-based turnkey real estate firm founded in 1979 that acquires, renovates, and resells single-family rental properties to primarily out-of-state investors, and provides ongoing property management through its Reedy & Company subsidiary across 2,400+ units.

Ownership category

akta.pro rank

Product category

Turnkey Real Estate Investment

NAICS

Rental and Leasing Services (532), Lessors of Real Estate (5311)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE)

akta.pro secondary industry

Residential Maintenance & Turnover Services (Make-Ready, Inspections) (BPAJAFAM)

Keywords

• Turnkey rental properties
• Property management services
• Real estate investing
• Rental property acquisition
• Single-family rentals

Headquarters

HQ city

Memphis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Turnkey Property Sales: Company acquires distressed properties, renovates them, and sells turnkey rental properties to investors. Properties sold with tenants in place on 1-year leases. Average rehab cost is approximately $40,000-$45,000 per property. Sells 200+ turnkey properties per year.
2. Property Management Services: Ongoing property management fees charged to investors. Collections team averages 96.5-97% monthly collection rate. Includes tenant placement, rent collection, maintenance coordination, and accounting. Some properties have 0% PM fee for year 1 as promotion.
3. Acquisition Services: Locates and purchases distressed properties through We Buy Houses franchise. Uses hard money loans for acquisitions. Provides agency representation to buyers during property purchase.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Memphis Investment Properties acquires and renovates Memphis rental houses, then sells newly renovated, cash-flowing turnkey investment properties to investors. It also provides in-house property management through Reedy & Co, including tenant placement, rent collection, maintenance coordination, and owner reporting.

Product overview

Memphis Investment Properties offers a turnkey real estate investment platform centered on acquiring, renovating, and managing single-family rental properties in Memphis, TN. The core offering is Turnkey Investment Properties — fully renovated, rent-ready homes sold to investors with in-house property management provided by Reedy & Co. The service spans four integrated modules: Acquisitions (off-market distressed property sourcing), Renovations (comprehensive rehabs averaging $40,000 with construction warranty), Sales (agency representation using standard Tennessee Association of Realtors contracts), and In-House Property Management (tenant placement, 96.5% average rent collection, 25+ maintenance workers). Supporting products include a Buyers List newsletter (new listings weekly) and a free Turnkey Starter Pack educational guide. The company manages over 2,400 properties with $250 million in assets under management.

Differentiator

Problem solved

Functional benefit

Products and services

• Turnkey Investment Properties
• In-House Property Management by Reedy & Co

Quantifiable outcome

• 96.5-97% monthly rent collection rate
• +6 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• We Buy Houses (Franchise)coreChannel Partner/ Reseller/ DistributorOwned franchise of We Buy Houses brand providing off-market distressed property acquisition pipeline. Allows access to distressed properties before they reach market, enabling acquisition of 300+ properties per year with 1 in 16 purchase criteria.

Scale indicators15 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Invitation Homes: Largest U.S. SFR REIT with ~80,000+ homes; competes for both SFR investment customers and third-party property-management relationships.
• Progress Residential: Institutionally owned SFR rental and property-management platform operating across 30+ U.S. markets — a broad incumbent in the residential property management space.
• American Homes 4 Rent (AMH): Public SFR REIT owning and operating ~60,000 single-family rentals — a broad incumbent in the SFR rental market in which MIP operates.

Direct peers

• Roofstock: Online marketplace and turnkey SFR investment platform that buys, renovates, and sells single-family rental properties to individual investors with optional property management — directly overlapping MIP's core offering.
• Offerpad: iBuyer that acquires, renovates, and resells single-family homes directly to consumers; comparable in the renovation-and-resale motion though at different scale.
• New Western Acquisitions: Distressed-property marketplace connecting investors with off-market single-family acquisitions — same off-market acquisition motion MIP's We Buy Houses franchise pursues.
• HomeVestors of America: Franchisor of the We Buy Houses brand; MIP owns one of its franchises. Highly comparable as the parent system for off-market SFR acquisitions in the U.S.
• Arrived Homes: SFR investment platform that sources, renovates, and sells single-family rental properties to retail investors and manages them through partner property managers — a direct peer on the turnkey SFR model.
• Opendoor: Largest U.S. iBuyer; competing on speed, certainty, and renovated-resale of single-family homes to retail and institutional buyers — adjacent acquisition-and-resale business model.

Emerging players

• Fundrise: Online real estate investment platform offering SFR and multifamily exposure to retail investors via pooled funds — an emerging alternative channel competing for the same passive-income investor dollar.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/mem_invest_prop
• Facebookfacebook.com/MemphisInvestmentpropertiesllc
• LinkedInlinkedin.com/company/memphis-investment

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Memphis Investment Properties