When we think about the principles of finance, money management, and investing, I think most of us, on a basic level, understand that owning real estate is a good thing. It’s ingrained in us that we should own a home. The American Dream has lauded it for centuries.

In part one of our interview with Mark Anderson, executive and head of renovations for Memphis Invest in Tennessee, as well as Dave Smith, head of renovations for Memphis Invest in Texas, we dove in depth about the day-to-day operations of the renovations team, how we distinguish ourselves from other investment companies in the renovations process, and our “WOW” relationship with our vendors.

Our Turnkey Transformation for this week is located in the Houston, TX market. You'll see how this 1980's home is turned into a modern, clean space. Plus, check out the 'before' kitchen pics below and you'll notice there wasn't really much of a kitchen at all when we got started! 

Wherever real estate investment and taxes are concerned, people tend to get a little nervous. After all, taxes and all the legal trappings that come with exchanges, exemptions, exceptions, write-offs, benefits, and penalties get tricky if you’re unfamiliar with it all. And if we’re honest, it’s not in most of our proverbial wheelhouses.

At Memphis Invest, each and every one of our teams, from customer service representatives and property management to sales and renovations, work together to create a stand-out “WOW” experience for everyone we come in contact with. We know that we couldn’t do it without our investors, vendors, residents, and these dedicated teams.

This week's 'Turnkey Transformation' comes from Memphis, TN. Memphis is where we got started in the turnkey business over 15 years ago, and have since expanded into 5 other markets (Oklahoma City, St. Louis, Little Rock, Houston, and Dallas). We're so proud to call Memphis our home town, and I encourage real estate entrepreneurs to always get to know the communities in which they invest. 

If you’re at all familiar with real estate investing, you know that one of the biggest advantages that proponents of real estate investment laud are tax benefits. This benefit, however, can sound vague to anyone who isn’t familiar with tax law or doesn’t handle their own taxes—and let’s be honest, most of us don’t!

If you have ambitions of becoming truly successful in real estate investment, one thing that you will come to learn quickly is that one or two investment properties are not going to cut it. If you have a desire to quit your day job, grow your passive income into a dream retirement, or reach sustainable long-term wealth, you’re going to find that scaling your portfolio is an absolute necessity.

This week for our Turnkey Transformation, we have another Dallas/Ft. Worth property for you! A house fire destroyed much of the interior and exterior of this house, but it was nothing the Memphis Invest team couldn't handle! See some great before and after pictures, as well as some much needed modifications that we made to the layout of the home.

Financial strategy can be a tricky skill to master. It can leave many of us feeling anxious, particularly if we are new to things like investing—be it in stocks and bonds or in real estate and business ventures.

One of the biggest and most important concepts to master no matter what your financial goals are, however, is portfolio diversification. This is the idea of putting your money to work across multiple disciplines, markets, and types of investments.