What do you think it takes to succeed in real estate investment? When the rubber meets the road, success in real estate investment isn’t about the newest technology, the flashiest marketing, or the newest investment platform. No, if you want to find financial security and build your wealth through passive real estate investment, you have to rely on proven strategies. 

This week’s Transformation Tuesday is located in Memphis, TN. From a decrepit kitchen to a neglected yard, our team worked inside out to transform this ramshackle house into the cozy home it is now. Thanks to Memphis Invest’s long presence in the Memphis Market, 47 days is all it took to accomplish this complete renovation. Keep scrolling to see the stark contrast between the before and after photos for yourself.

While those of us in the real estate investment industry know the bread-and-butter concepts of turnkey investing, we also recognize that there are new and would-be investors out there. Because an educational foundation is necessary for success, we thought we’d cover some of the most common and most crucial concepts for turnkey investors to know. 

In October, Memphis Invest was listed among Fit Small Business’ Best Turnkey Real Estate Companies in 2019. If you’re unfamiliar with Fit Small Business, it is a digital resource for small business owners located in New York. They have been featured by the New York Times, Inc. Magazine, Entrepreneur, and Forbes.

We've got another great renovation for you, coming from Fort Worth, TX! This property was in need of interior and exterior renovations. Our goal for this property was to rehab to rent ready condition and therefore, on the interior, we installed new carpet, painted, laid new flooring and installed new light fixtures. On the exterior, we installed a new roof, replaced any rotten wood, painted, and installed new light fixtures.

There are some things that every investor needs. An exit strategy is certainly on the list. An exit strategy isn’t necessarily for when you want out of the investment business altogether. While this can happen, it’s more about having an exit strategy for individual properties. 

We've got another great renovation for you, coming from Tulsa, OK! With missing counters, walls and bathtubs, this property looks like it was in the middle of a renovation before we even began making repairs. Our team took dark, outdated fixtures and turned them into beautiful, modern accents that transformed this ghastly site into a renter and investor dream property.

Over the past several months, you may have heard the term “opportunity zone” in discussions about investing in real estate. The concept involves things that real estate investors really, really like — namely, low prices and tax breaks. That said, are opportunity zones worth pursuing? Are they all they’re cracked up to be?

We’re well into the fourth quarter of the year. For many of us, our minds are turning to thoughts of holiday meals, gift-giving, and time with friends and family. However, as we approach the new year, it’s crucial that you, as an investor, ensure that your financial house is in order.

According to a report by Morningstar Credit Ratings LLC, resident retention is up in single-borrower, single-family rentals. Back in 2017, the retention rate rose to over 70 percent in the spring. The most recent 2019 report shows that retention rates have grown significantly since then. In March, it was 80.2 percent! For real estate investors, resident retention is one of the most crucial elements to success.