Investing in real estate comes with many questions and uncertainties. When we look at the state of the real estate market, the economy at large, and the political landscape, it can all feel that much more volatile. So why aren't we worried?
As real estate investors, keeping abreast of our various investment markets is absolutely essential. Even as passive investors who trust their turnkey providers and management teams to know their markets inside and out, there are great benefits to knowing the markets in which you invest.
Topics: real estate market
The Dallas area is a huge opportunity for turnkey investors, and this week's Turnkey Transformation is in North Richland Hills, a suburb just outside of Dallas. The DFW metro area is ranked among the top three U.S. metropolitan areas for employment growth, business expansions, and relocations. With all the benefits of the Dallas area, we see why residents and investors alike are excited about the opportunities here!
Even for a turnkey investor, the act of investing in real estate can be a process. For anyone looking to buy a property, lending is often involved. However, the act of acquiring a loan for an investment property versus acquiring a loan for a personal home can be a drastically different process.
It's no real secret that more and more Americans have been choosing to rent over buying a home for some time now. Most people, however, have been under the assumption that this was merely a consequence brought on in the wake of the 2008 Great Recession. The foreclosure crisis at the time scared many would-be homeowners away and the subsequent market boom in areas with job opportunities quickly grew out-of-reach for millennials.
We're in Memphis, TN this week for our Turnkey Transformation. This home is more than fifty years old and has some really great bones, but we started out with a massive undertaking on the exterior. While having a mature yard is a great asset and makes the property look more homey, the landscaping on this house was extremely neglected and almost dangerous. Watch how our team turned this dark, overgrown property into a clean, bright home!
Most of us aspire to be in a better position than where we are right now. Taking that aspiration and channeling it into real, meaningful life change that turns into success—be it in career, wealth, or relationships—is another story entirely.
Topics: habits for success
Our investments are infinitely valuable. That might sound like we're overselling it a little bit, but think about how much people really put into their investments. When people choose to pour their time, resources, and money into investing, they are striving to build up financial security and resources often not only for themselves but for their families.
Topics: building a portfolio
This week we're in Little Rock, AR for our Transformation Tuesday. Little Rock is a more recent addition to the Memphis Invest team of markets, but it has proven over and over a solid opportunity for turnkey investors. This 40+ year old property has had a massive makeover, and when a a well-renovated home in a stable market is available, we have the best of both worlds for investors and residents!
When we embark on the journey of investing in real estate, we all have some sort of vision for ourselves and our financial future. For many of us, it looks like a worry-free retirement, escaping the rat race, or supporting our family's future. Maybe we're looking to take vacations or pay for a child's education. Whatever the motivation is, we have this in common: we want to take financial control back.
Topics: building a portfolio
For many of us, the fears of the Great Recession are still fresh in our minds. These fears aren't entirely unfounded. We remember the feeling of waking up to countless property values bottomed out and the complete Wall Street chaos of the late 2000s. But now, as we near 2020, we have to both recognize that we are in separate circumstances while also understanding the inherent risk of any investment.
This pink painted house in Memphis, TN is this week's Turnkey Transformation! As you can tell, there were quite a few bright features of the home we wanted to neutralize, as well as get rid of some of the outdated exterior elements. Find out how our Memphis team was able to get this property renovated for $45,500 and in an amazing 80 day timeline!
Over the past several months, murmurs of an economic slowdown have been steady. While some would see this as a cause to worry, we know that this is all a part of the natural economic and real estate cycle. There is nothing to fear from the natural ebb and flow of things, provided other red flags are not present.
When we think about U.S. markets with opportunity and potential, Memphis probably doesn’t come immediately to mind. You likely think of primary markets first, like New York City or Los Angeles. However, no real estate investor should make the mistake of underestimating the power and potential in secondary markets.
Topics: Memphis economy