As human beings, we’re all prone to making excuses for ourselves. Everyone deals with insecurities and fears—it’s natural. For anyone looking to have a successful business of any kind, getting past the excuses born out of these fears and negative thoughts is a crucial first step.
Getting into the business of real estate is an infinitely rewarding journey. Investing now means building up a solid financial future: something you, your family, and future generations can depend on and enjoy.
Investing in real estate, however, isn’t as simple as just starting. It’s a business that demands a lot of education and time to be done right and profitably, and, really: the stakes can get high. Should that deter you from starting? Absolutely not! The reward is worth the work it takes, and many times over.
Investing in real estate just isn’t a get-rich-quick scheme, and if that’s what people are expecting, they’re in the wrong place!
Beyond getting started, there are questions you as an investor have to answer for yourself: what kind of investor do you want to be? There are endless opportunities out there to fit the particular style that captivates and excites you.
Topics: real estate investing
Investing in real estate is a long-term commitment—at least, to achieve the kind of success we read about so often on books and blogs. Sure, some investors hit it big or have a lot of resources to leverage from the very beginning. But for most of us, it’s years of hard work on a solid buy-and-hold strategy that guides our investments.
Over time, our passive income adds up to something big—something that fuels retirements, futures, and lifelong passions.
The dream is great. The reality is hard.
Topics: real estate investing
Many of our investors are investing out-of-state. They don’t call Memphis home, but they know that this place has something great to offer. Before really drilling down into the other six incredible characteristics that make Memphis such a unique city, let me add one that rarely makes too many lists.
The Memphis Invest & Premier Property Management teams!
This is an extraordinary group of men and women who do an outstanding job every day managing an incredibly large portfolio. They are a tremendous factor in the success of over 1,600 real estate investors investing their hard earned incomes and retirement accounts into investment real estate. This team is second to none in the country and they are an extremely unique value for real estate investors and this city alike!
Now, onto the amazing things that Memphis has to offer. And boy, does Memphis have some amazing things going for it! Every city has problems, sure: we’re not trying to romanticize. But at the end of the day, we can’t help but love Memphis.
If you’ve ever considered investing here, visiting, or even moving to Memphis, let us tell you a few of the things that make Memphis so incredible.
At the tail end of 2007, America rang in a recession alongside the new year. This economic downturn officially lasted until June of 2009...though many negative effects having continued to linger well into 2015. As it’s been one of the most significant economic crises in the United States in the last century, many now call it “The Great Recession.”
As real estate investors, it’s vital to pay attention to the economic climate—not just in our local markets, but in the U.S. as a whole.
We still struggle with the aftershocks of the recession. Its causes, recovery, and future are intrinsically tied to the real estate market, unlike that of recessions past. Especially as so much is hinging on the housing market, now more than ever, we should strive to understand how it happened and where we need to go from here.
Topics: real estate investing
Smartphones are so handy. We use them to connect with the world around us—through news, social media, and...okay, maybe a little bit of Candy Crush, too. There are also tons of tools out there to increase productivity and keep track of all of things life throws at us. Not everyone thinks to effective utilize their devices for work, though.
There’s really no short cut to real estate
What divides successful real estate investors from those who don’t succeed? It’s not so surprising, but many people don't stop and consider how they can change habits and mindsets in ways that will put them in the right trajectory for success.
There are many, many qualities that people will tell you lead to success. These, however, are a good place to start. Our combined nearly 100 years of real estate investing experience and our work with over 1100 investors has been extremely beneficial in identifying these qualities.
It seems like we’re always on the go. Whether for business or for pleasure, it’s a good idea to take advantage of modern technology when it comes to your travel plans. There are plenty of useful smartphone apps — many free — available on a variety of devices that can streamline your plans and made any trip less stressful.
Speaking of trips....
Memphis Invest is hosting its annual celebration weekend where we host 120-150 real estate investors in Memphis. On April 24th and 25th, we plan on having another fantastic investors weekend full of great opportunities to learn, connect and even get started as an investor with one of America's Top 50 Home Buyers! Here is just a quick rundown of what we cover with investors who come in to meet our team:
For many businesses, customer service can be an elusive art. However, offering the best customer service possible should be at the top of your business priorities, even at its' most demanding, inconvenient and difficult times. Real estate investing, especially from long-dstances and with Turnkey companies can be very taxing on the mind and uncomfortable or some investors. More than ever, real estate service companies need to be great at customer service.
There will be days when clients, tenants and customers will frustrate you, make you want to lose your cool, scream and quit. Here at Memphis Invest, we have spent countless hours studying, reviewing, training and in general trying to learn and improve on everything we do from a customer service standpoint. We have even had business and customer service author, Joe Calloway, feature our company in his book, Be The Best At What Matters Most.
There’s very little fun about customer service, but that doesn’t mean that it’s not rewarding — personally and professionally. For a company like us, customer service is not just a slogan...it is literally our core proficiency. Memphis Invest may be in the business or managing real estate investments for real estate investors, but first and foremost we are a customer service company!