Modern technology is regarded by many real estate investors as both blessing and curse. One one hand, we see claims of how distracted we become with our vast numbers of technological gizmos and gadgets. While it’s true that unregulated use of our smartphones can lead to sinking far too much time into Facebook and creating undue (and sometimes dangerous) distractions, there’s no doubt that responsible use of our digital devices can go a long way in increasing productivity.
Memphis Real Estate Investing
Slow Growing Trees Bear the Best Fruits
I have been writing many articles lately with advice for real estate investors. Those articles, when read in sequence, provide a road map for current and future investors to navigate the sometimes difficult decisions that come with owning investment property. However, one decision that should not be difficult is the decision to hold steady with your long-term investment properties and allow them to work the way real estate is intended to work.
Often times, we as real estate investors in a world full of instant gratification, look for that same instant gratification from our properties. At Memphis Invest, we are careful with the way we market and advertise our services. The last type of investor that we want to attract is one without the patience to let their long-term real estate investments actually perform over time.
The biggest risk to a long-term investors real estate portfolio is their short-term view! This instant-gratification, short-term viewpoint when it comes to long-term investing leads investors to make mistakes and evaluate properties on a "what have you done for me this month" basis rather than looking at a return over time. This article is written to be read along with the other articles in a sequence that teaches us to let time (increase our principal) and renters reduce our debt.
I am often reminded of one of my favorite Moliere quotes that "...the trees that are slow to grow bear the best fruit".
Topics: real estate investing
Knowing that so many of our readers are not just real estate investors. Many are entrepreneurs and small business owners s well and we thought this was a great article to publish this week. 2015 is starting with a bang and as unbelievable as it sounds....January is already half way gone! So this article is all about big decisions and big improvements and how to make both!
Work it harder and do it faster, as the band Daft Punk would tell us, and it makes us better. While we can certainly psyche ourselves up with the notion of being more fast and efficient, different businesses need different things. Some think that becoming bigger is the right course of action for any business. After all, growth is a sign of progress, right?
Topics: real estate investing
In real estate investment, there are always things we can do better. As owners, our property managers are one of our greatest assets. They ensure that your real estate investments run smoothly in the day-to-day nitty gritty.
There’s a gleam in the big city that attracts investors. In a lot of ways, they’re attractive. Living in New York City is a dream for some people, as is settling down in big gleaming West Coast metropolises like Los Angeles and San Francisco. Memphis, while it is a big city, is nothing compared to Dallas and Houston in terms or the size of the city. Memphis is small city real estate and investors sometimes don't recognize it as a gem!
These big cities get most of the attention from investors and truth be told, you can go anywhere in the world and mention these cities and people know exactly where you are talking about. Ask them about small and medium cities and the chances of people knowing about them get slim. Real estate investing is about more than the name and size of the city.
The new year offers new opportunity. We tell ourselves that this is our year. To find our dream jobs, to achieve our goals, to make big changes, find love and see our dreams come true. In many cases, these remain wishes rather than realizations. Why?
When I first wrote this article over two years ago, I wanted to document what I felt were the three best business websites, apps and decisions we had made that all effected the incredible rise of our company. We had almost 10,000 views of that original article and many requests for an update.
To be very direct, the same three companies that helped us vault to the top of our niche in real estate investing are the same three that help keep us there today. There are no “magic bullets” or any “next, new programs” that we have to tell the world about. Business is business and often the same basic ideas, decisions and systems – utilized correctly- are the ones that continue to help companies grow.
As we head into 2015, there’s no shortage of people making real estate market predictions for the new year. As always, predictions, speculations and forecasts have to be taken with a grain of salt. We can’t rely on them entirely when it comes to decision making. Still, it’s good for those of us investing in real estate to look at where we’re going as much as where we’ve been. Professionals do study trends and their forecasts do come from a place of expertise.
Topics: real estate market
We all have regrets in life. Some of us have real estate investment regrets. If you’re stuck with a rental property that’s weighing you down, you may find yourself wondering if you should just cut your losses and move on. Maybe you want to stick it out and hope for things to get better down the line. There are several options to weigh if you’ve found yourself at a crossroads with a property you own.
At the same time, understanding the big picture is just as important and learning that fluctuations in the way a property performs and the way a property fits into your portfolio are important too. A down year is not always a reason to let a property go. It takes careful and thoughtful evaluation before deciding to let got of a long-term investment property.
A new year. We ring it in with champagne, fireworks, kisses and confetti. Along with it comes a hope for something different — something better than before. No matter how good or how bad your 2014 was, 2015 just seems like the kind of year to get it right.
Plenty of people make resolutions — to lose weight, to change jobs, to buy their first investment property, to buy their fifth investment property, to achieve a previously unconquered goal. Within a week or two, we usually fall back into old habits and quietly forget we decided to make a change at all.Don’t let that happen this year!
Topics: new years resolutions