2016 was a good year for real estate. In fact, a recent National Association for Realtors report showed that it was the best year in a decade for existing home sales, with 5.45 million homes sold—not including new construction.
With strong numbers through the end of the year and into January, real estate professionals were hopeful going into 2017. But what can we realistically expect this year?
Out of all the ways to prepare for your financial future, investing in real estate has grown increasingly in popularity over the past few decades. There are compelling reasons for that. For one, real estate investment offers flexibility that other types of investments, like stocks and bonds, just don’t. You direct the course of your real estate investments yourself—choosing what properties to buy, where to buy them, how and when to scale, what types of properties to choose, how to leverage capital, and more.
With Turnkey Real Estate investing gaining in popularity as investor realize there is a way to be passive and invest in long-term buy & hold at the same time, real estate as an option has grown even more. Passive options like investing in turnkey properties have attracted many investors, both experienced and inexperienced, both flush with resources and just starting out. The one thing in common among passive investors is that they know they do not have the time to devote to learning how to actively learn real estate.
There are endless variations on strategy and practice when it comes to building your financial...
Every real estate investor starts in pretty much the same place: feeling more than a little nervous, with a vague ‘in theory’ idea of what they’re doing, and with a lot of work ahead of them.
For new real estate investors, getting your proverbial ducks in a row can seem like a huge task from the get-go. For everyone that reads our blog and sees a $100 Million company, just remember that there was a time when we were beginners too! Memphis Invest knows exactly what it feels like to be getting started and the details an investor needs to pay attention to.
There are so many details to take care of and so many things that you need before you can really get going! However, our experience has shown us that investors often put the emphasis on the wrong "must-haves" and "must-dos". Investors have to stay focused on the right priorities and a big priority is the environment a real estate investor creates to work.
Kent Sr. launches the first podcast for Memphis Invest and is joined by co-host Kevin Hommel. Kent Sr. plans to cover all kinds of topics from real estate investing in general, to specifics about Memphis Invest, his years as an entrepreneur and maybe even a few more topics. 50 years in business and 35 as an entrepreneur give Kent, Sr. a little leg-up as a podcaster! He will have plenty to share...
The seasons play a huge role in ebb and flow of the real estate market. It varies depending on where you are in the country, but it’s still true wherever you go: the seasons mean business.
For the most part, we see that spring and summer are the busiest times for the real estate market, with a flurry of activity as buyers buy and sellers sell.
That said, fall and winter are far from dead months, and come with their own pros. Winter sellers usually mean business: they’re usually motivated, and investors can take advantage of a lack of competition.
But we’re here to talk about summertime...
New investors have a lot on their shoulders—a mixture of hopes and dreams for a bright financial future with some anxieties that it might not work out quite like they’ve built it up in their minds.
When it comes to real estate investment, we never really stop having some of these thoughts.
Kent Sr. launches the first podcast for Memphis Invest and is joined by co-host Kevin Hommel. Kent Sr. plans to cover all kinds of topics from real estate investing in general, to specifics about Memphis Invest, his years as an entrepreneur and maybe even a few more topics. 50 years in business and 35 as an entrepreneur give Kent, Sr. a little leg-up as a podcaster! He will have plenty to share...
Some real estate investors find themselves feeling nervous at the idea of buying a piece of property that they’ve never seen before. The Clothier family had to get over this same fear in the early 2000's when several family members were building portfolios sight unseen.
Kent Clothier, Sr. the CEO of Memphis Invest was the out-of-town real estate investors' early advocate by recognizing the risks investors would have and building a team and systems to address those risks. Investors' minds after-all and the horror stories of buying out-of-state were the biggest hurdle to work at over-coming.
Let’s do a quick self-evaluation. On a scale of one to ten, how good do you consider yourself with money?
There’s a lot of different criteria that could go into your answer. If you really think hard about it and try to answer honestly, it might take some time to come to a conclusion. If we’re honest with ourselves, most of us have weaknesses when it comes to money management.
Getting into the real estate business can be a daunting thought. Not becasue you dont have the passion or mindset to be great...it's mostly due to lack of experience (especially when negotiating deals). That is one of the main reasons that Turnkey real estate investing became so popular.
There aren’t that many people out there that can say that they truly, genuinely enjoy the process of a real estate negotiation. It’s tedious, there are all these concessions to make, back-and-forth, and it might not even pay off.
For the inexperienced real estate investor, negotiating your first deal can seem particulary intimidating.
