Memphis Real Estate Investing

One of the most compelling reasons to choose to invest in real estate over other investments is the vast tax benefits. In fact, it’s one of the main points of discussion each time we talk about why to invest in real estate. However, navigating the tax code and legal nuance can be a mystifying exercise in frustration.

These days it seems as though we can never get a definite answer on the state of the real estate market. One day we're hearing great news and the next people make it sound as if the sky is falling. When it comes to real estate, it is important to remember that the market will always be shifting and fluctuating. There are so many complex contributing factors to the health and balance of the real estate market on the whole that predicting these changes is incredibly difficult, if not outright impossible.

For real estate investors, taxes and tax legislation are one of the most important things to keep up with. Not only are the vast tax benefits that investors can capitalize on important, but so is the local legislation that affects our individual investment markets.

Thus, we recommend that our investors, including our out-of-area investors, pay attention to stories such as this because they can have real effects on portfolio success. So pay attention, we have good news for investors with properties in Texas!

This week's 'Turnkey Transformation' comes from Memphis, TN. As many of you may know, Memphis is where we  started in the turnkey business over 15 years ago. We're so proud to call Memphis our home town, and headquarters and we encourage real estate entrepreneurs to always get to know the communities they are investing in. 

Depending on the market and what type of investor you are, many property owners like to get familiar with the area they intend to invest in. While getting to know a city's statistics about population and job growth are certainly very important, there's a lot to be said when you learn more about the actual community that your property belongs to. For many real estate entrepreneurs, there's a sense of connection and pride, which only makes you even more devoted in your overall investing goals!

Here's a list of blog posts where you can learn a little more about the cities we invest in and belong to:

Whether we believe it or not, all of us share a personal relationship with our finances. In most cases, we tend to view money from a clinical, number-crunching perspective. As much as we try to treat money rationally, we often do not act that way. Our emotions can be wrapped up in our finances, which leads to poor decision making, planning, and overall financial well-being. 

If you're new to investing in real estate, there might be some mystique left around how. How does it work? How do I even start? These are just some of the questions that may plague you when you first consider real estate as an investment. 

Our amazing 'Turnkey Transformation' for today is in Little Rock, AR!  It's now been about 2 years since we started in the Little Rock market, and it was a smooth transition for us with the city being so similar to Memphis. This 1,686 sq. ft. home has four bedrooms and two bathrooms. Check out the before and after pictures to see the total transformation!

You've decided you want to invest in real estate. You're determined, but you don't yet have the capital to comfortably pull the trigger. Because investments are best made as soon as you can (more time to earn passive income, benefit from appreciation, and build a portfolio), you really need to get your finances in order. 

It's safe to say that none of us are perfect when it comes to our finances. That said, we aren't striving for perfection: we're striving for success. What separates success from failure often isn't in our initial action, it is in our response to the outcome. How well we learn from financial missteps is telling of where we will end up in the future.