Real estate investors and professionals have been collectively buzzing about Houston for some time now. Because Space City weathered the housing bubble better than other comparable markets around the country, projections going into 2015 were very good. Millennials were flocking to this hub for job opportunities, tech and energy careers and a steadily increasing urban life — everything Houston spelled promise.
Memphis Real Estate Investing
Winter is over, spring has sprung, and with it comes a new to-do list for taking care of your investment property’s roof. Real Estate Investors around the country are getting ready for warmer days and the opportunity to do some preventative maintenance to their properties. We hope you saw to it that the proverbial hatches were battened down for winter.
Now that the days are warmer, it’s time to venture outside for a fresh round of roof maintenance.
Like its sister city Houston, all signs in Dallas are pointing to a great year in real estate. While the Dallas-Fort Worth boom has attracted a little less attention than Houston’s, it’s no less significant. They both felt softer effects from the recession and, now that the economy is picking back up, are at the forefront of recovering markets.
Real Estate is a diverse industry. It spans generations and numerous iterations, ranging from realtors and developers to buy-and-hold investors and the fix n’ flip crowd. Real estate professionals came from all over — but not all of them talk about what they’re doing.
While plenty of folks in real estate have reaped the benefits of online marketing through real estate blogs and social media, many still don’t. For those of us who enjoy reading and following the writings of real estate professionals, it can be hard to find those who are both experts in the field and active online.
Spring is here! Things are warming up around the country little by little, and that means investors should be turning their thoughts to Spring and Summer trends for real estate, particularly when looking for new tenants and buyers. Besides regular maintenance and renovations, perhaps it’s time to consider increasing value through outdoor amenities.
Generally speaking, good amenities and drawing points not only help your property stand out as desirable, but that added value can be extra cash in your pocket, either from a sale or from monthly rent payments. Outdoor retreats have become popular among homeowners — and investors might need to take a page from their book, especially in prime outdoor seasons.
So what kind of outdoor amenities can boost your property value and help your success in real estate investment?
Topics: property renovations
There are plenty of pet people on planet earth. From cats and cockatoos to puppies and chinchillas, people love pets. For real estate investors, however, tenants who bring Fido in tow can post some unique challenges — and costs — for your investments. Many property managers and real estate investors have pet policies that outright say “no”. After all, they shed, the damage furniture and floors, dig up prized petunias and can be quite the liability.
But should we be so quick to rule out man’s best friends? Perhaps not. Pets aren’t just pets for people — they’re valued and loved members of the family. There are tons of tenants out there who immediately rule out any property that doesn’t allow pets. When you allow pets, you open yourself up to a new demographic of tenants — pet owners — that aren’t always as bad as horror stories would have you believe.
If you’re considering making allowances for pets on your investment property (beyond service animals, which you have to accommodate by law), check out these tips.
Topics: pet policies
There are many, many different types of real estate investments. When it comes down to residential real estate, there are some pretty distinctive lines. Single-family homes and multifamily properties are just one division, but one differentiation affects how investors invest: those in the fix and flip game and those interested in buy and hold real estate.
What’s the difference?
There are hundreds of news sources and blogs out there for real estate investors to read. There’s advice to be taken in, projections to be considered and trends to be analyzed.
Catching up on real estate news can be a challenge — but at Memphis Invest, we wanted to lend a hand. These are just a few of the articles and sources that we read on a consistent basis to stay up to date with real estate happenings! Check back in with these sources weekly to keep an eye on real estate investing news.
Topics: real estate news
One of the fundamental lessons we’re taught in kindergarten is that of teamwork. Teamwork isn’t something that everyone enjoys, but in life, it’s very necessary. For real estate investors, it can be essential. There are plenty of sayings, books and poems that go back to a single, central idea: two are better than one.
From “no man is an island” to heartwarming tales of individuals joining together for a like cause, teamwork is everywhere. We eat up sports movies and instill these ideas into our children.
So why do so many of us ignore the notion of collaboration in our professional lives?
Topics: real estate strategies
There’s really no short cut to real estate investing success. So many people try to find some magic combination that will turn them into overnight millionaires with ultra cash-flow producing portfolios. Some real estate investors do find spontaneous success, it’s not the standard. It is often a long, patient road for many real estate investors to reach their standard of success and to develop a performing, self-sustaining portfolio . Some never reach it at all.
What divides successful real estate investors from those who don’t succeed? It’s not so surprising, but many people don't stop and consider how they can change habits and mindsets in ways that will put them in the right trajectory for success.
There are many, many qualities that people will tell you lead to success. These, however, are a good place to start. Our combined nearly 100 years of real estate investing experience and our work with over 1100 investors has been extremely beneficial in identifying these qualities.