Memphis Invest was in Dallas, TX. on November 20th and found a room full of investors ready to take action! After announcing that Memphis Invest and Fortune Builders would be in Dallas for a one-day event at the Embassy Suites in Grapevine, the room quickly filled up with 72 investors confirming their seats and getting ready to learn about Memphis real estate investing.
Having talked to hundreds of investors each year at Memphis Invest, I have stopped being surprised by the different reasons investors list for purchasing investment property. Often times, the criteria that investors use to determine a"good deal" are as varied as the colors in a box of crayons. As a seasoned investor, I can tell you with atuthority, that if I had to choose one measure for an investment deal it would be its cash on cash return.
Buying rental properties can be a tricky proposition and being a new investor makes it even tougher. After acquiring over 4,500 properties, serving 1,700 clients and managing $600 million in assets, we know a thing or two about real estate investing. Over the past 10+ years, we've grown from a handful of employees to an 88 member team in 5 markets (Memphis, Little Rock, Oklahoma City, Dallas and Houston) and we pride ourselves on being the best at what we do! And we got here by following a lot of the tips I'm sharing with you today in this video. We've heard from so many people that have learned the hard way, and we want nothing more than to help others reach their investment goals by avoiding these common mistakes.
As a Memphis real estate investor, I try to devour as many books, magazines, articles and blogs on real estate as possible without getting over-whelmed. Every once in a while I will find myself going back to the bookshelf and pulling down a real estate investment book and re-discovering something that lit a fire under me in the past. This weekend, I found Frank McKinney's book "Make It Big!".
This is a re-print from a post I made over a year ago. I think its always good for Memphis real estate invetors to get a refresher on the questions they should ask before buying investment properties.