When we studied over 366 metropolitan statistical areas for the best investment property criteria, Memphis came out as a top performer in a variety of key areas including:

- Major regional employers and economic forecast

- Strong market fundamentals related to home prices

- Stable market appreciation

- Rents relative to home values (the rent ratio)

- Regional unemployment rates and employment trends

- Home valuations relative to median incomes

- Property tax rates and insurance  

- Weather and geographic factors (e.g. tornados, hurricanes, earthquakes, cold weather, flood zone, etc)

Meridian Pacific Properties purchases properties close to the median price for the metropolitan area. Our average sales price is between $90- $140K. This is done with an eye for resale.  The typical Meridian property is built in the 1980s or newer with three bedrooms, two baths, two car garage, detached single family dwelling.  All properties are newly renovated at the highest standards for both structure and aesthetics.

All of our properties must meet the highest quality standards in the following areas:

- Cosmetic appearance, inside and out

- Structural integrity: framing, walls, and roof

- Systems: electrical, plumbing, and HVAC

- Painting, flooring, countertops and fixtures

- Landscaping and outdoor structures

We buy our properties all cash and own them free and clear.  The properties are acquired by Meridian Pacific Properties, or some cases, by a Meridian affiliated partner company in Memphis. 

Once purchased from Meridian, the property is owned by you. When the closing process of the sale is complete, the buyer owns the property with clear title and full legal ownership.

Meridian Pacific Properties makes money only between our initial purchase price and the sale to the client, less the renovation and holding costs.

Meridian Pacific Properties does not receive any referral fees from insurers, property management companies, lenders or any preferred vendor Meridian suggests to our clients.

Our properties range from $90- $140K, requiring 20% down plus closing costs.  So the anticipated initial investment is $20-$30K.

Clients obtain financing from lenders recommended by Meridian Pacific Properties or their own lenders.  Investors must have high credit scores (680 is minimum; 740 will have the lowest loan fees), meet the debt-to-income ratio (DTI), and provide documentation to the lender to verify all of the numbers.

Most Meridian Pacific clients purchase three to four homes based on the Meridian Investment Plan.  Most banks allow individual investors to have 10 loans in their portfolio, including their primary residence.  Generally lending and underwriting guidelines become more restrictive after the fourth loan.

All Meridian Pacific Properties are tenanted before closing with tenants signed to at least one year leases.  Additionally, all of our homes come with a rent warranty.

Meridian Pacific Properties backs each tenanted property with a one-year rent warranty from the closing date on every property sold.  This warranty remedies rent payment shortfalls caused by willful or negligent violation or breach of the terms of the lease by the tenant during the first year the property is owned.