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Memphis, TN

Acquiring, renovating, and renting a residential property to generate passive income and long-term value.

• Stable Rental Income: Targeting Section 8 tenants for predictable, government-backed rental payments.
• Comprehensive Renovation: Property improvements include new roofing, electrical, plumbing, HVAC, and modern interiors.
• Fully Equity-Financed: No debt financing, reducing risk and maximizing investor returns.
• Strategic Location: Positioned in a revitalizing neighborhood with increasing investment interest.
• Exit Flexibility: Investors collectively decide whether to hold for rental income or sell for potential appreciation.
• Experienced Management: Led by a team with extensive experience managing residential real estate in Memphis.

Pie 102 LLC is an entity formed to acquire, renovate, and rent out a residential property in the Riverside neighborhood of South Memphis. The project follows a fix-and-hold strategy, with the goal of stabilizing the property with a Section 8 tenant to generate predictable, government-backed rental income. The investment is structured to provide quarterly distributions to investors, with an initial focus on renovations to modernize the home, improve its structural integrity, and enhance long-term tenant appeal.

The funds raised will cover the purchase price, renovation costs, legal and administrative fees, and operating reserves. The property will undergo a complete renovation, including roofing, electrical, plumbing, HVAC, and interior upgrades, before being rented out. With a targeted hold period of three or more years, investors will receive rental income distributions and later determine whether to continue holding or sell the asset for potential appreciation. Given the neighborhood’s ongoing revitalization and proximity to a major new technology facility, this investment presents an opportunity for long-term value growth.

Company Info

Pie 102 LLC will acquire and reposition a residential property in Memphis, leveraging local experience for stable rental income and long-term growth.

Pie 102 LLC is a real estate investment vehicle established to hold and manage a residential property located at 133 Ingle Ave, Memphis, TN. The company is led by a team with over four years of experience in the Memphis real estate market and currently manages over 95 units as buy-and-hold properties. This extensive experience allows the team to execute renovation and management strategies efficiently, using local expertise to navigate market conditions and maximize property value. The LLC’s first asset, 133 Ingle Ave, is undergoing a full renovation, with a focus on making the property a stable, government-backed Section 8 rental. The renovation will modernize the home’s infrastructure and enhance its rental appeal, ensuring long-term value and minimal maintenance.

Pie 102 LLC’s management team is well-connected with local real estate agents, contractors, and vendors, providing a strong foundation for successful project execution. Their experience in handling property acquisitions, renovations, and leasing processes in the South Memphis market ensures that each project is carried out effectively and cost-efficiently. The LLC’s strategy involves a fix-and-hold approach, with plans to lease out the property to qualified Section 8 tenants. Over the next three years, the team will evaluate whether to sell the property for potential capital appreciation or continue renting for long-term income.