With 2018’s first quarter for real estate in the books, many real estate experts are starting to revisit their predictions, examine patterns, and make adjustments to their theories and projections. For real estate investors, it’s always valuable to keep abreast of market conditions, particularly for the markets you happen to be invested in.

Where finances are concerned, we have this “tried and true” mentality that often keeps us from updating age-old financial advice. We believe that if it worked in the past—for our grandparents and parents—hey, it’ll work for us and our kids, too, right?

Every community has a distinct and unique environment. Their economy is their own, their job market is specific, and the real estate market is distinct.

As real estate investors, it’s dangerous to treat any real estate market exactly like another. You’re dealing with an entirely unique set of factors that can profoundly affect not only your buying potential, but your investment opportunities, growth potential, passive income, and future risk.

When you think about what it takes to succeed in real estate investment, what comes to mind? Many times, we think of our physical assets and resources. We think we need money. We think about opportunity. We think that if we just have enough cash, the right property, and the right people, boy. We’d be set!

For real estate investors, opportunities are at the heart of financial success. At Memphis Invest, we’re always looking to bring our investors new avenues for passive income. That doesn’t reveal itself only in our curated turnkey properties but in our ever-expanding repertoire of investment markets.

For any buy-and-hold real estate investor, passive income is the most important factor in any investment. Sure, appreciation is nice, but it’s the bonus: the cherry on top. Cash flow is what actually makes the investment worthwhile.

This idea can seem pretty difficult to swallow. Most of us have trouble tolerating our mistakes. We can barely grasp the idea of learning to be okay with our missteps. You can forget liking them, and loving them is totally out of the question.

Nothing is more important in real estate investment than due diligence. It’s that attention to detail, that dedication to taking the steps to ensure that you have done everything in your ability to protect your investment and your cash flow. Without due diligence, you expose yourself to untold risk and the possibility of losing your investments altogether.

Who is turnkey real estate investment for?

There’s a lot of discussion about investing in real estate. If you’re researching it for the first time, you’re going to find a lot of mixed messages floating around. As a family-owned turnkey real estate company, we definitely want to let you know about the benefits of investing in turnkey real estate. We want you to become part of our investment family!

I wanted to share a helpful article I wrote that is featured on McGraw-Hill's Business Blog right now, How to Passively Build Your Real Estate Portfolio. It's the first in a series of guest posts I'll be doing for them, and as one of the biggest educational publishers, it's an honor to be working with McGraw Hill!