Responsible Lending = Better Investment opportunities in Memphis

Posted by Chris Clothier on Mon, Nov 30, 2009

Memphis, like so many other cities in America, continues to see rising foreclosures and a rise in delinquent notes.  Some caused by circumstance, some caused by the economy and many caused by the initial actions of the lender.  Not all the news is bad for Memphis real estate investors, but as the economy worsens, investors are having a harder time finding the funding needed for continued purchasing.  This is a great article highlighting where the MBA stands and how the Center for Responsible Lending, a non-profit that protects consumers from abusive lending practices, views the current situation.

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The Mortgage Bankers Association (MBA) reported this week that a record number of loans — 1 in 7 — is delinquent, up from 1 in 10 a year ago. The numbers also show that 1 in 22 families in the United States is in the process of losing their home, up from 1 in 34 this time last year.

Based on these figures, the Center for Responsible Lending says the industry is on track for 2.9 million foreclosure starts in this year alone.

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Topics: residential real estate investing, real estate investing advice, investing in Memphis foreclosures

Numbers show improvement - Good or Bad for Memphis Real Estate?

Posted by Chris Clothier on Sun, Nov 22, 2009

Zillow has recently reported that is shows the percentage of U.S. homes with mortgage debt higher than the value of the home has actually decreased from the second quarter to the third quarter.  What does this mean for you and I and all the other real estate investors out there who are jumping into the Memphis investment property pool?

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Topics: Real estate investment news, real estate investing advice, investing in Memphis foreclosures

Will Federal assistance help Memphis real estate investing?

Posted by Chris Clothier on Wed, Nov 18, 2009

I found a great article from RISMEDIA on line detailing how the tax credits work and thought I would share it with everyone while also giving my take on how the tax credit can help investors.  I have been asked several times over the last couple of weeks if the tax credits would help with the Memphis investment real estate market.  I think it can if investors are smart with how they try to utilize it.  Whether selling an exising property to a tenant or purchasing a new property for fix n flip, investors need to be realistic with how much play they will actually get from the program.

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Topics: MemmphisInvest.com, build long term wealth

News Headlines Show Positives of Memphis to Real Estate Investors!

Posted by Chris Clothier on Fri, Nov 13, 2009

Recent headlines, including those touting Tennessee Senators fighting for federal funds for Memphis, serve to highlight that Memphis is going to out perform most other investment cities as the recovery takes hold over the next few years.  For investors who are looking to build portfolios of great Memphis investment properties, headlines like these should point to a bright future.

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Topics: invest in Memphis real estate, real estate investing advice, Memphis Community Service

Raleigh is a GREAT suburb for Memphis investment property steals!

Posted by Chris Clothier on Mon, Nov 9, 2009
Raleigh is a fantastic area of town for real estate investors.  There are many great features to this part of town including access to freeways, proximity to hospitals, schools and shopping as well as several new projects bringing additional jobs. 
Raleigh is one of the more popular areas for Memphis Invest to purchase investment properties as our clients like the pricing, the returns and the steady rental area.  We have attached an appraisal to the property from a certified appraiser and are developing a full rehab list.  Call us today and ask how you can get started investing with our Full Turn-Key investment services company.
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Topics: invest in Memphis real estate, buy discounted properties Memphis, Cash Flow Properties, turn key real estate investing

Memphis is HOT for Cash Flow Property Investors!

Posted by Chris Clothier on Mon, Nov 2, 2009
Southeast Memphis continues to be a hot area to invest in Memphis real estate.  This 3/2.5 property is no exception!  With a double digit return for cash buyers and over $250 monthly cash flow after long-term financing, this property is an absolute winner at .54 cents on the dollar!

5593 Newberry, Memphis, TN 38115--Memphis Investment Property


Southeast Memphis investment properties are known for being fantastic income producers when Memphis real estate investors purchase correctly.  At ..54 cents on the dollar, an investor would definitely be in at the right price!  The unique layout of this three bedroom brick house located on a beautiful street in the Fox Meadows area of Memphis, will attract tenants quickly and possibly a Lease Purchase contract. This property has nice hardwood floors, a two car carport, an extra half bath, separate den, and large bedrooms. Compared to other investment properties in Memphis, the half bath and unique layout will help this property stay occupied.  As an investor, the $40,000 in wquity coupled with the uniqueness of the property, make this a very solid investment.

Repairs include: refinishing of hardwood floors, interior paint, servicing of HVAC, plumbing repairs, yard work, and house cleaning.

Due to perpetually changing market conditions, estimated values can vary due to external factors such as lender requirements, appraiser used, and length of time to refinance after purchase. Estimated values indicated are from time of posting.

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Topics: Memphis investment properties, Memphis cash flow, Cash Flow Properties, turn-key investing, Memphis wholesale property