Which Strategy Best Fits YOUR Investment Needs?
Every investor is unique in their goals and objectives! Propono Asset Management works with you to develop a strategy based on the investor's needs considering risks and tolerance levels for each individual. We offer an array of options from purchasing for long term hold to flipping for more immediate profit. These are just a few examples. We welcome the opportunity to discuss and customize a portfolio to satisfy your specific needs.
Buy & Hold
Memphis provides a unique opportunity for those investors who wish to purchase a property to hold for long term appreciation and rent for cashflow. Roughly 52% of Memphis residents rent versus the national average of 36% based on figures from 2018.
Memphis also has a large blue collar workforce driven by employment opportunities. The city has the second busiest cargo airport thanks to Fed Ex headquarters located here. In addition, rent-to-home price ratios are favorable. All this makes Memphis a great opportunity for those investors who want to purchase property allowing for appreciation over the years as well as provide rental income. There are also great tax benefits to holding property long term!
Renovate & Flip
There are many opportunities in transforming and transitioning neighborhoods such as Midtown to purchase property, renovate and flip. We find properties, renovate following design trends by partnering with interior designers and sell the homes.
The key to renovating and flipping is to make money on the buy! We seek homes that are under-valued and under-performing in transitioning neighborhoods. Through extensive analysis, we calculate After Repair Value (ARV), the price the home sells for after renovations, as well as holding costs and closing costs to ensure profitable margins.
We leverage existing relationships with general contractors and landscapers to secure the most competitive renovation pricing. We adhere to project management guidelines to ensure renovation projects are completed on time and on budget.
