MemphisInvest.com Blog

Wednesday, March 31, 2010

What can I do to help YOU with business building or real estate investing? Without others helping ME, I would have never succeeded!

Monday, March 29, 2010

Hard work pays off in Real Estate education...a

Marq Cobb getting in the mix!

I liked his personal post so much the other day that I decided to bring over to the big board.

Enjoy!

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Brett and Chris were giving me a hard time the other day as we sat in a restaurant over the fact that a few gray hairs have popped up on both sides of my temples. My reaction, of course, was to point out to Chris that if he would quit sending out emails to our entire mailing list with typos in the headline, maybe my hairline would still be all the same color. You can say things like that to your boss when you also consider him a good friend.

The more I thought about it, though, the truth is that over the last three years I have earned a few of those gray hairs. Having worked in every division of our company at some point and currently serving as the Director of Sales, I realized that the experience that I have accumulated in my tenure here at MI is really helping me explain to our clients see why there has never been a better time to invest in cash flow investment property.

The main reason I think now is the perfect time to buy is the quality of the properties at the various price points. A $45,000 home on our website is miles ahead of a property at the same price in 2007 in terms of quality and the amount of rent that the property will command. That $45,000 house bought 3 years ago was probably bringing in $550-650, and creating a nice return for its investor. Today there are several houses in our inventory at the same price point bringing in as much as $800 per month in rent. Now those are some serious cash flow and cash on cash return numbers, aren’t they?

And it’s not just the numbers. It’s the quality and size of the house, and the attributes of the neighborhood that are going to command the rent. Following my example of a $45,000 house, it’s safe it to say that a home purchased at this price point today is going to probably be a 3 bedroom house in a solid, working class neighborhood near good public schools. It’s going to be a bigger, nicer, and in a better location than house brought at this price point 3 years ago.

When you’re on our website this week checking out the available properties, keep in mind that this isn’t going to last forever. Brett told me last week that he is seeing some prices slowly creep up in some areas, and there’s no one more willing to help you pick out your next property than David and I.

My goal is to buy 5 more properties before Christmas. I’m going to hit my goal. Will you?


Sunday, March 28, 2010

tampa and orlando are nice, but I am happy to be heading home to Memphis, Tennessee. have 4 good reasons waiting for me at home

Friday, March 26, 2010

"work is the secret behind talent. I don't know anyone with talent that hasn't worked hard to get it." Tomas Maier - ever heard of him?
need a good restaurant for tonight in Orlando. don't suggest any Disney restaurants either!

Tuesday, March 23, 2010

How can Memphis Invest rent 30 investment properties a month?

It's no secret that MemphisInvest.com set out to be the best investment real estate services company in the country several years ago. As with any company, there is a learning curve, a growth curve and ultimately an improvement curve if they are going to be successful in the long run. Being experienced business owners and entrepreneurs as well as very experienced real estate investors, we recognized how to grow and how to develop a team to make our company the top investment real estate company in Memphis, Tennessee.

One of the ways that we have achieved our success is surrounding ourselves with great people and holding them accountable to do great things. Recently we filmed a short 1-minute clip showing how we are able to rent and manage so many properties and filter all of the pertinent information back to hundreds of Memphis investment property owners around the country. Check it out here:




video
would love some feedback on my Wordpress blog. Tell me what you think on the most recent posting on cash buyers http://budurl.com/xgrk

Sunday, March 14, 2010

looking forward to hearing @marqcobb and David on their Memphis Investment real estate Webinar. U can join them here http://budurl.com/5umr

Thursday, March 11, 2010

"Middle America Gold Mine for Smart Real Estate Investors" | Webinar http://ping.fm/4V4MU

Tuesday, March 9, 2010

definitely believe in surrounding yourself w/people more successful than you. heading to FL n 2 weeks to mastermind w/other entrepreneurs

Friday, March 5, 2010

no wonder real estate foreclosures keep going up http://budurl.com/92b7 Survey says only 10% of Realtors think HAMP is reducing foreclosures

Thursday, March 4, 2010

are u looking to take your real estate investment business to the next level - hear tips from Memphis' best on Sunday http://budurl.com/l9xc

Tuesday, March 2, 2010

Earning passive income is easy with Memphis investment properties - just stay involved!

Although many will be amazed at this statement, when it comes to real estate investing, there is no such thing as "passive income". For the new investor attracted to promises of huge wealth in Tennessee real estate like moths to a flame, the words passive income have become all too common as the main attractor when looking at Memphis real estate.

Memphis property management
companies, as in most cities, are often hired to do all of the leg work of promoting, showing, renting and managing an investment property which leads investors to believe all the hard jobs are done and the income in passive. Either way, the passive part comes in to play because the investor does not have to actively market or actively manage the property. This is where the breakdown in terminology occurs.

Being involved in the day to day operations of your property is the responsibility of your property management company. But you are still responsible for keeping them accountable to the management of your portfolio. Investors set out their goals for number of investment properties that they want to purchase, the style, location, desired number of bedrooms and baths and most importantly a minimum monthly cash flow. These are clear cut criteria for purchasing properties and building a portfolio. After purchasing your property, do not simply assume that your property management is operating your property and sending you a monthly passive income check.

Carefully maintaining your properties, including monthly drive-byes, quarterly interior inspections from your management company, review monthly maintenance records and work being performed are all actions that a successful investor will implement to watch over his "passive investment". Monitoring your monthly costs and statements for incidental charges is an often over-looked, but very necessary task that an owner must perform each month. Those include the interest rate, opportunity buy-downs (where you can pay additional principle early), monthly insurance premiums and keeping an eye out for lower cost property management. Each of these can lead to lower monthly notes and higher positive cash flow.

Just because it is called passive income, doesn't mean you have to be passive about it. Actively working on your portfolio each month does not mean having to actively work "in" your portfolio each month. If you want to keep your monthly cash flow high and your stress low, then doing a small list of minimum tasks will go a long way.
Article: Local Memphis real estate investor unveils 5 MUST HAVE characteristics for successful real estate investing http://ping.fm/LErfd
Success - Free-Press-Release.com http://ping.fm/LErfd

Monday, March 1, 2010

Investment real estate article by me on earning passive income for retirement or positive cash flow. http://budurl.com/vlzr
short, online magazine article about tips for simple real estate investing. http://budurl.com/39ls