An Interesting Development in Distressed Real Estate Investing

Posted by Chris Clothier on Wed, Dec 19, 2012

Preachers encouraging squatters? A recent NBC news report revealed an unusual development in the housing market. In one Atlanta neighborhood, residents and church members have seen a rise in distressed property that is foreclosed and then abandoned, growing dilapidated and becoming what neighbors call "crime magnets." In order to preserve their neighborhood, residents have encouraged families to move into distressed property, fix it up, and keep the neighborhood clean and safe.  This approach is being encouraged to prevent neighborhoods from sliding further into disrepair and decline while also trying to bring in families from shelters and off the streets, especially during the winter months.  I can't say that I agree with this approach, but I understand where they are coming from.  I also think there may be another option.

Not all neighborhoods are taking that approach to distressed property. Some areas benefit from the help of real estate investment companies. In areas of Tennessee and Texas, for example, Memphis Invest and Dallas Invest are buying quality foreclosures, renovating them, and assisting passive real estate investors who want to purchse the properties and rent them out to tenants. In this scenario, neighbors, investors, tenants, and the real estate investment company all have a stake in the success of the sale of distressed property, and everyone can benefit from this model of neighborhood maintenance and revitalization.  Often, these companies are in contact with local neighborhood leaders including church leaders and can provide a tremendous financial benefit to a community. 

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Topics: real estate investing, Memphis real estate, real estate investment companies

Memphis Invest & uDirect Self Directed IRA Information Webinar

Posted by Chris Clothier on Sun, Dec 16, 2012

Kaaren Hall of uDirect IRA Services and Chris Clothier of Memphis Invest

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Topics: Chris Clothier, Memphis Invest, Self Directed IRA, uDirect IRA Services, Kaaren Hall, Dallas Invest

Premier Property Management Memphis | November Rental Numbers

Posted by Chris Clothier on Sat, Dec 15, 2012

Premier Property Management Memphis Performance

Another month has come and gone and it feels like the Memphis real estate market continues to heat up on multiple fronts.  Their are definitely conflicting numbers being released by different groups all wanting to paint the real estate picture in Memphis a certain way.  Home sales are up and sale prices are up.  But, foreclosures and short sales are also up and while it appears homes are selling for slightly higher prices, the pace is still way off from what a normal housing market looks like.

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Topics: Memphis investment properties, Memphis cash flow, Memphis real estate, Memphis property management, Memphis Turn-Key

The Effect of the Housing Market on Investment Real Estate

Posted by Chris Clothier on Sun, Dec 9, 2012

Real Estate Investing

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Topics: real estate investing, Memphis real estate, housing market recovery

Pet Friendly Real Estate Can Boost Your Real Estate Cash Flow

Posted by Chris Clothier on Mon, Dec 3, 2012

For any investor wanting to get started in real estate investing, it is a dilemma. For others, it is a clear-cut issue. If you own investment property, you may feel hesitant to allow renters to have pets inside, especially if you have dreams of keeping that property pristine over time. You may also want to direct your property management company to no allow pets in your properties if you have a management company in place.  However, you may be surprised to find that there are many benefits to allowing animals, and it can even boost your real estate cash flow.  A great article from Karen Aho on MSN Real Estate points out the benefits of renting to tenants with pets while also pointing out that some of the 'best" horror stories are often far from reality.  The story also highlights one of the few if only studies conducted on rental properties and pets and it found that units allowing pets experienced a longer occupancy term, 46 months, compared to those that openly prohibited pets, 18 months. 

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Topics: real estate investing, Memphis property management, rental property investing