If you’re at all familiar with real estate investing, you know that one of the biggest advantages that proponents of real estate investment laud are tax benefits. This benefit, however, can sound vague to anyone who isn’t familiar with tax law or doesn’t handle their own taxes—and let’s be honest, most of us don’t!
If you have ambitions of becoming truly successful in real estate investment, one thing that you will come to learn quickly is that one or two investment properties are not going to cut it. If you have a desire to quit your day job, grow your passive income into a dream retirement, or reach sustainable long-term wealth, you’re going to find that scaling your portfolio is an absolute necessity.
This week for our Turnkey Transformation, we have another Dallas/Ft. Worth property for you! A house fire destroyed much of the interior and exterior of this house, but it was nothing the Memphis Invest team couldn't handle! See some great before and after pictures, as well as some much needed modifications that we made to the layout of the home.
Financial strategy can be a tricky skill to master. It can leave many of us feeling anxious, particularly if we are new to things like investing—be it in stocks and bonds or in real estate and business ventures.
One of the biggest and most important concepts to master no matter what your financial goals are, however, is portfolio diversification. This is the idea of putting your money to work across multiple disciplines, markets, and types of investments.
Successful real estate investors all have this pivotal moment where their thinking makes the critical shift from average homeowner to investor. You see, mastering an investor mindset is an overlooked yet critical piece of the puzzle when it comes to investing in real estate. Because we often think of investing as something we do “on the side” and not as a highly skilled job, we don’t often think of ourselves as truly in need of any training or in need of a fundamental shift in thinking to succeed.
Topics: new real estate investors
Coming to you from the Dallas/Ft. Worth area, we have this week's Turnkey Transformation! We'll see how a lot of landscaping and a great rehab team are able to bring this property and it's curb appeal up to the Memphis Invest standards. Plus the backyard on this particular home needed a lot of elbow grease, check out the before and after pics to see how much this property can shine!
In the real estate investment business, we talk a lot about risk management. Much of the time, this is relegated to concepts like portfolio diversification, insurance, and savvy business decisions. One of the things we don’t always talk about, however, is asset protection.
Naturally, we assume that only the biggest, boldest, and best survive when it comes to the Lone Star state and especially where its biggest cities are concerned. Dallas is certainly no exception. That said, Dallas ranks in the top 10 for capital venture investing with an average return of 3.4 times the initial investment.
$5.4 billion dollars were invested in local Dallas businesses in the past seven years, which actually represented a cooling of the Dallas venture capital market.
We've got another great renovation for you, coming from Oklahoma City, OK! We've been in Oklahoma for about a year now, and with job growth, affordability and population growth, this market is ripe for turnkey investors! We'll see how a great team, streamlined processes, and a $44,000 renovation budget turned this disheveled property into the best looking house on the block!
What is holding you back from fulfilling your potential as a real estate investor? That might not even be the right question to ask. Maybe you haven’t started yet. Maybe you’ve been making mistakes. Sometimes it comes down to this: we’ve got this whole investment thing wrong from the very beginning. Maybe we’ve been listening to the wrong people and leaning into bad advice.