Our Family Business Specializes in Rental Properties for Sale

Posted by Chris Clothier on Fri, May 4, 2012

In the recession, one of the economic sectors that suffered greatly was the housing market. Even today, the housing market has not recovered to its former level. However, there are some sectors that are experiencing great success.

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Topics: Cash Flow Properties, property management, rental properties for sale, turn-key investing

Real Estate Investing | Diversify in Memphis

Posted by Chris Clothier on Mon, Dec 13, 2010

It is funny sometimes to get the reactions of investors when they hear me talk about diversification in Memphis real estate because they are not used to hearing those terms come from real estate investing companies.  Maybe from professional stock brokers or stodgy old men in black suits discussing the economy in terms most of us would never use.  But in truth, diversification in your real estate portfolio is very important and can oftern mitigate the over all risk you take as an investor.

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Topics: MemphisInvest.com, Cash Flow Properties, turn-key investing, Wholesale Properties in Memphis, Memphis discount properties, turn key real estate investing

Memphis Invest Increases Home Buying Events

Posted by Chris Clothier on Mon, Sep 27, 2010

Memphis Invest Increases Home Buying Events

Monday, September 27, 2010, Vol. 125, No. 187
SARAH BAKER | The Daily News

With the recent completion of Memphis Invest LLC’s office space expansion for its sister company, Premier Property Management Group, and new implementation of traditional rehab services for those wanting to remodel their home, the family-owned company continues to do the majority of its business with out-of-town investors.

A 1,200-square-foot development on the west side of Premier’s existing building was completed earlier this year by the Memphis Invest rehab services. The expansion offers offices for the staff of five full-time and 14 part-time employees.

The addition is also equipped with closing office and tenant waiting room where tenants can come inside and wait for an appointment, make a rental payment, receive a receipt or wait for their closing.

Chris Clothier, director of sales and marketing, said Memphis Invest built a separate entrance just for Premier’s tenants.

“It definitely makes it a more formal process, which benefits everyone – not only the tenants but also the owners whose properties we’re managing because it really makes it a more professional approach to managing the properties,” he said.

Memphis Invest now also provides rehab services, refurbishing full renovations on more than 200 properties a year for investors around the world. A supplementary service company, Memphis Invest Renovation Services, renovates investment properties and performs rehab work for homeowners looking to upgrade their houses.

The majority of Memphis Invest’s clients – 75 percent – are located outside of the Memphis market. And it’s all due to exposure and the lure of Memphis investment properties, Clothier said.

“Local investors are just a little more timid about buying here in town because of their preconceived ideas about what Memphis is like,” he said.

Memphians are “insulated,” and often overlook the treasures right in front of them, Clothier said. And investors inhabiting other cities with a higher cost of living cannot buy properties there for $20 to $40 per square foot.

In fact, investors came this past weekend to learn about the Memphis market and the Memphis Invest process and, of course, to buy property.

Memphis Invest hosts these buying parties once a quarter, bringing in anywhere from 40 to 60 investors at a time, with 30 to 40 serious buyers, and the rest wanting to learn more about the market or Memphis Invest.

“We go to Graceland, and depending on the time of year, we’ll go to a Redbirds or Grizzlies game – just little things so they can see that Memphis is more than just the bad crime list that you hear about each year,” Clotheir said. “There’s a lot more to the city than just that, and that’s really what these weekends highlight.”

But since the demand is so high, Memphis Invest is changing the event to the second weekend of every month, limiting the attendance to 25 investors who are qualified and ready to invest in the Memphis real estate market.

And now with its new 400-square-foot multimedia room at its 130 Timber Creek headquarters, Memphis Invest will begin these smaller tours the weekend of Nov. 6.

Just one weekend is all it usually takes for many investors to get hooked. They not only return to purchase more, but they also bring colleagues, friends and family to invest as well.

Brack Shaver of Fort Worth, Texas, attended the weekend event in April and returned this weekend, bringing his son with him.

Shaver, a registered investment adviser, said Memphis Invest spares him the one thing that matter the most – time.

“As an investor, you are always looking for a situation that lends itself to you that is turnkey,” Shaver said. “This way, I get a good property, it’s already been rehabbed – in my case, it’s already been rented – and I get a check every month.”

Brian Rowan, on the other hand, is one of the select few investors from Memphis. He has bought 15 properties from Memphis Invest and hopes to acquire five more within the next two and a half years.

“I want to get in, get out and have my properties paid for before the market changes,” Rowan said.

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Topics: Memphis investment properties, real estate education, investment property management, Cash Flow Properties, Chris Clothier, turn-key investing, Wholesale Properties in Memphis, Fortune Builders, Kent Clothier, Brett Clothier

Invest in Memphis real estate with Memphisinvest.com

Posted by Chris Clothier on Wed, Sep 15, 2010

Many of our Memphis investment property blog readers might recall this blast from the past video from two years ago.  The Clothier family, who owns MemphisInvest.com, decied it was time to make a promotional video telling clients who we were and why we thought we could help investors to be successful. I think from the testimonials included, you'll see we were successful!

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Topics: Memphis investment properties, buy discounted properties Memphis, investment property management, Cash Flow Properties, turn-key investing, Memphis discount properties

Investing in real estate requires continuing education.

Posted by Chris Clothier on Mon, Aug 9, 2010

So you all know that we are constantly working to improve our operations and educating ourselves when it comes to investing in real estate and we urge you all to do so as well.  Last week we spent 4 days at the Fortune Builders Rehab Bootcamp in sunny San Diego, CA learning new processes and touring the  properties that Fortune Builders are currently rehabbing.  Ryan, who heads the rehab department at Memphis Invest, joined us in continuing his education. This is by far one of the best educational opportunities of the year and we are happy that Ryan could join us.

Kent, Jr., Brett and I had the opportunity to speak to the 300+ attendees in regards to systems implementation, business building and stayed over to give a special presentation to a select group of attendees on the inner workings of the Memphis investment property bus tours that we host.  See below for pictures from last week's workshops.

Be sure to check out the Fortune Builders' home page for future events and make plans to join us for one of the upcoming educational boot camps.  Even the experts still attend workshop weekends to continue to grow and learn as business owners.

See you on the road soon...

Chris

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Topics: invest in Memphis real estate, buy discounted properties Memphis, MemphisInvest.com, real estate education, investment property management, Cash Flow Properties, positive cash flow, Chris Clothier, turn-key investing, Fortune Builders

Partnering for success in Memphis Real Estate Investing part 2 of 2!

Posted by Chris Clothier on Thu, Jul 22, 2010

So after reading part 1 of this 2 part posting, hopefully you can sense where I am going with this advice.  Investing in Memphis real estate can be very lucrative and a fantastic addition to a retirement portfolio.  However, there are a lot of companies and individuals who make a living selling bad properties and bad investment in Memphis to outside investors.  Heck, I am pretty sure that is a problem that occurs across the nation. 

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Topics: invest in Memphis real estate, Memphis investment properties, MemphisInvest.com, investment property management, Memphis foreclosures, turn-key investing, Wholesale Properties in Memphis, Memphis discount properties, real estate investing advice, Marq Cobb

Cusomter Service is Critical for Real Estate Investors in Memphis

Posted by Chris Clothier on Mon, Jun 21, 2010

MemphisInvest.com took on the task of designing a new customer service department over the past year for our real estate investing clients.  The stoy of my visit to a Chart House in California is a great example of where part of our inspiration comes from...

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Topics: invest in Memphis real estate, Memphis investment properties, MemphisInvest.com, investment property management, customer service, turn-key investing, Memphis discount properties, real estate investing advice

Why Size Matters with Memphis Investment Real Estate

Posted by Chris Clothier on Wed, Jun 16, 2010

Mark Anderson, MemphisInvest.com
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Topics: invest in Memphis real estate, Memphis investment properties, buy discounted properties Memphis, MemphisInvest.com, Cash Flow Properties, Chris Clothier, Memphis foreclosures, turn-key investing, Wholesale Properties in Memphis, real estate investing advice

Investing in Wholesale Properties in Memphis, TN.

Posted by Chris Clothier on Fri, May 28, 2010

I am writing to let you know how impressed I am with your complete done-for-you real estate investing system. I just closed on the re-finance of my second wholesale property in Memphis, and signed the contract for the third. When this third deal is completed, I will have put very little of my own money into any of these wholesale properties and will have a positive monthly cash flow of almost $500 per month on each property after all expenses.

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Topics: buy discounted properties Memphis, MemphisInvest.com, investment property management, turn-key investing, Wholesale Properties in Memphis, Memphis wholesale property

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