While our primary concern throughout the COVID-19 pandemic has been the health and safety of those around us, all of us share economic concerns as well. When we look to the future, uncertainty abounds.
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We have been hard at work this year and some BIG changes have been happening at Memphis Invest. We’ve grown to over 110 full time team members in four states. The Clothier family purchased a 40,000 sq. ft. Class A office building in Germantown, TN. to move our corporate headquarters into. We made three C-Suite hires for the first time including our first Director of Human Resources, CIO and CFO. All three are incredibly additions to our company and strengthen the leadership team at Memphis Invest. We are on pace to grow our clients portfolios by nearly 20% in one year to over 6,000 properties under management. If you know our company, you know none of this is happening by accident. It is all planned and the culmination of these changes is coming with the new year…
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Some days, investing in real estate can give you a real headache. Maybe you’ve been doing this thing on your own. You that one resident is driving you crazy. Or maybe you’ve been up late, worried sick about that one property that just isn’t turning a profit, and you’re sick of seeing red month after month. Or those property renovations that were supposed to be finished in three weeks are still going after three months.
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There are a thousand different ways to invest in real estate. While single-family properties have and continue to be at the forefront, they are far from the only way to invest. Multifamily properties, commercial real estate, land, wholesaling, and yes...vacation homes.
The summer vacation rental has been around for a long time. It’s a strategy that seems like it’s best left to the experts, and, in many ways, that’s true. Vacation rentals aren’t for the faint of heart. I'll be very clear on the front end of this article and say that vacation homes are not our forte.
Kent Sr. owns several short-term, vacation rentals and as a company we have certainly explored them as an alternative investment for clients. So in our research and with Kent Sr.'s experience, we have a few thoughts.
While you might have pictures in your head of sipping a mojito on the beach while the money pours in, that’s not reality. Like any investment property, vacation rentals come with their own unique risks and challenges.
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Summer. It’s hot. The real estate market is also hot. It’s the time of year when everyone wants to buy and everyone is selling.
For real estate investors who want to get in on the frenzy, there are a few things that you need to know so that you don’t get caught up in the heat of the moment and make critical errors.
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For a lot of us, 2016 was a little rough. Maybe not for our real estate investment endeavors, but in other ways. Even if one area goes well, when others seem shaky or uncertain—maybe it’s global politics or the death of a beloved celebrity, or some other turmoil—it can be hard to believe that everything is going to go right.
2017 hasn't exactly been cupcakes and rainbows either, but this is where we have to start taking stock of our year. We are halfway done and regardless of the ares where things could be better, we have to plan for the second half of the year and how to improve the things we can control. We have control over items such as our investment mindset, where we choose to focus, steps we take to grow and improve our real estate investments.
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For those of us thinking towards retirement planning, there are a lot of options put in front of us. While historically, many have relied on career retirement plans—do they really cut it anymore?
Those who are serious about having a solid retirement fund will want to look into investment options well before their golden years. Some might just settle for IRAs, stocks, and bonds, while others will look into more ambitious options. And those options can be hit-or-miss!
There are bad investment options out there. You know the ones. Gold. Gemstones. Tax shelters. Collectibles. Even stocks, except for the most experienced and savvy investors. For the average American, you’re going to want an investment that really pays off. Not one that you spend time hoping and praying works out.
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One of the unique features of the Memphis Invest story, is the transition from a transaction based company focused on selling houses, to a customer service based company focused on providing an experience.
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Friday October 7th 6:00PM to 7:30PM ~ Memphis Invest offices, Grapevine, TX.
Saturday October 8th 8:30AM to 12:30PM ~ The Palace Theater, Grapevine, TX.
Saturday October 8th 12:30PM to 2:30 PM ~ Lunch at Memphis Invest offices, Grapevine, TX.
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As with just about everyone, real estate investors can fall prey to hype. While the tried-and-true ways to invest still reign supreme, there are new trends constantly popping up—flavors of the week that don’t last and rarely deliver on their promises.
In real estate investment, hype can look like a lot of different things...