Using 6 Poignant Quotes About Failure as a Guide to Success

Posted by Chris Clothier on Wed, Jul 26, 2017

In the real estate investment world, risk is always a part of the equation. When starting out, there are no doubt some big questions in mind: What if I fail? What if I can’t do this? What happens next if this doesn't work? Am I paying too much? Am I charging too little? Did I hire the right contractor? Did I hire the right Turnkey company? Is my property manager going to take care of my property?

Just as we can grow to worry about any venture in life—a career change, a new relationship, moving to a new city—our investments can be a source of anxiety. But we’re here to tell you something: failure is no reason to fear. In fact, risk and failure are essential on the road to becoming the very best you can be in real estate investment.  

The beauty of working with a Turnkey real estate investing company is that, hopefully, you've chosen a company with a little grey hair at the helm.  A company that has been through the fire a time or two and has had setbacks and failures to lean on.  Those setbacks are exactly the types of things you want your team to have experienced so they can help minimize your own.

Still, failure and fear of it are not unhealthy.  They can be excellent teachers and motivators for real estate investors.  Does that mean lose-everything-you’ve-worked-for failure? No! 

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Topics: learning from failure

The 4 Stages of Finding Your Niche Real Estate Investment Strategy

Posted by Chris Clothier on Mon, Jul 24, 2017

Have you ever felt overwhelmed by options?

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Topics: real estate investment

The How-To Guide to Real Estate Investing on a Time Crunch

Posted by Chris Clothier on Fri, Jul 21, 2017

We’re surrounded by busy people. You’re likely one of them! We always have a million and one things to do and it doesn’t seem like we can squeeze in one more thing. No matter how hard we try, it’s always a challenge to fit in those trips to the grocery store and that time to visit relatives and spending quality time with the kids.

In a world that never stops, how do you find time for something like real estate investment?

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Topics: passive investing, effective time management

5 Smart Strategies for Securing Your Retirement Savings

Posted by Chris Clothier on Wed, Jul 19, 2017

Each and every one of us wants a good retirement. Better than good! We want to be able to have more than enough to live out our golden years doing what we want to do, seeing what we want to see, and leaving a legacy for the next generation.

However, before we can even think about legacy building and how real estate investing can play a role, we have to plan for a retirement that fits our needs.  A retirement that we have envisioned, prepared for and brought made a reality!

Saving for retirement, however, isn’t like it used to be. Just a few decades ago, you could work for the same company for 40 years, retire, and live on your savings and a pension and not really worry about it. Not so anymore!  

Work culture has changed, and so have our retirement plans, our expenses, and our life expectancies. Planning for retirement takes a more active hand. So if you really want to lock down your financial future...

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Topics: Retirement planning

The Quick & Dirty Guide to Investing in Single-Family Rental Properties

Posted by Chris Clothier on Fri, Jul 14, 2017

Every real estate investor starts somewhere. Deciding how you want to invest is one of the toughest decision you’ll make in the beginning, and you’ll likely find yourself caught between a few big choices: commercial or residential real estate and, if residential, single-family or multifamily properties?

(We’re not here to debate the pros and cons between the types of investments. If you’re interested in that conversation, we’ve covered it extensively here!)

Single-family properties make up a massive portion of the investing market: they’re an easy place to start for new investors, largely because they’re more affordable than buying an apartment complex or an office building. 

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Topics: single-family rentals

Are Summer Vacation Rentals a Worthwhile Investment?

Posted by Chris Clothier on Tue, Jul 11, 2017

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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Topics: real estate investing, vacation rentals

Crucial Summer Homebuying Tips for Real Estate Investing

Posted by Chris Clothier on Wed, Jul 5, 2017

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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Topics: real estate investing, buying a property

Real Estate Investors Can Follow These Tips To Finish 2017 Strong! 

Posted by Chris Clothier on Sat, Jul 1, 2017

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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Topics: real estate investing, Memphis real estate investing