5 Crucial Parts of Every Passive Real Estate Investment Business

Posted by Chris Clothier on Thu, Aug 17, 2017

Businesses are often compared to machines. It’s a tired metaphor, but it doesn’t make it less apt. Machines rely on many moving parts to function, and it is true of investing in real estate, too.

Unlike businesses, these parts don’t come in the form of jobs to be filled, departments, or complex infrastructure. Most of the time, the “parts” that a real estate investor’s business needs to function rest solely in his or her hands.

Even passive real estate investors are responsible for the moving parts of their investment portfolio.  Memphis Invest learned long ago that addressing those moving parts with investors honestly, from the beginning and including a willingness to tell some investors that they simply were not ready to move forward, was the only way to build a Turnkey company.  Why?  No matter how passive an investment is or an investor wants to be, the investment success or failure rests solely in their hands.

That’s a lot of pressure!

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Topics: passive investing

Can I Invest in Real Estate with Bad Credit or Limited Funds?

Posted by Chris Clothier on Fri, Aug 11, 2017

If you’ve ever wanted to invest in real estate, the first thought that likely comes to mind is whether or not you can afford it.

Money is the central theme around investing in real estate—spending it to get properties and improve properties, and then earning it from tenants, building up savings or a retirement fund, and then repeating the cycle as it builds on itself.

But there’s a major hurdle than can come across the path of a would-be investor: bad credit. Bad credit or a general lack of funds can seem like a massive problem. After all, doesn’t acquiring real estate require a down payment and approval for a mortgage? How in the world can you get approved if your credit is terrible?

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Topics: credit score

Critical List | 7 Actionable Steps When New Real Estate Investors Feel Totally Lost

Posted by Chris Clothier on Wed, Aug 9, 2017

Investing in real estate can get overwhelming, especially when you’re new to the game. It’s filled with a lot of different processes and variables. When your investments are totally self-directed and filled with possibilities that span markets nationwide, no wonder new investors find themselves feeling paralyzed!

If you’re at a loss as to what to do next, don’t worry. We have all been there.  The Clothier family has been investing at some level in Memphis and Dallas for the better part of 30 years!  So we know what it feels like to feel a little overwhelmed or even confused.  You don’t have to feel overwhelmed by all there is to do and all that you could do.

These are 7 steps that you can take towards real progress in your real estate investing career without feeling overwhelmed.  Pay attention to this list.  We have worked now with over 1,600 real estate investors and are managing close to $500 MIllion in asset value for our clients.

We know what it feels like to be overwhelmed and we know are intimately familiar with what real estate investors go through!   Hopefully, this list of seven reall important steps are able to help guide you.

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Topics: new real estate investors

Top Tips for Out of State Property Hunting

Posted by Chris Clothier on Sat, Aug 5, 2017

Did you know that most real estate investors don’t live where they invest? It’s true! While many investors do choose to stick with their local markets, the vast majority venture out into markets in other states, regions, and countries to make their fortunes!  

Memphis Invest has been helping investors with their real estate investing plans for close to 15 years.  In that time have worked closely with thousands of out of state real estate investors.  Our mission, from day 1, has been to make investing far from home comfortable and safe with reliably consistent returns.  As you may have already guessed, we do it well but it is not easy.

Investing remotely isn’t necessarily a cakewalk. Once you have properties and a network of support and connections, it’s certainly easier.  We've detailed recently in our articles steps you can take to be a better passive real estate investor.

But how do you get started in a market that you know little to nothing about? How to reach into the unknown and find the best deals, the right neighborhoods, and solid investments?

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Topics: buying out of area

Top 5 Ways Investors Can Support Their Property Management Team

Posted by Chris Clothier on Fri, Aug 4, 2017

Property owners who started off landlording know just how tough the job can be. You know that property management is a whole different game, and you understand that having a good team supporting and maintaining your properties is just about the best asset you can have in this business.

But just having a property management team isn’t really good enough. Some real estate investors might be content to hire the first property management company that comes along, but you might want to dig a little deeper than that!

Investors who are lucky enough to work with Memphis Invest have heard us say over and over again that being passive about your passive investments is a sure-fire way to fall to frustration.  YOU must be an engaged investor!  There are a few minimal actions you can follow that will greatly improve your experience and reduce your levels of frustration as an out of state investor.  

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Topics: property management