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Mark Anderson, MemphisInvest.com
For all you Memphis real estate investors out there, tell me if you’ve heard this before. “You make your money when you buy. You realize it when you sell.” Heck, I guess it doesn't matter if you are a Memphis investor or where you're located, that advice holds true almost anywhere you are investing. It’s hard to dispute this sage advice passed down by those who’ve gone before us. But a lot happens between the time you buy and the time you sell, and most of it involves contractors. For many beginning investors, finding a good team of contractors is one of the toughest tasks to completing your first deal. At MemphisInvest.com, some of our own clients came to us because they struggled so much with finding responsible, reliable and reasonable contractors. Indeed, some of the worst real estate horror stories you will ever hear involve contractors, which is why this is such an important topic.