3 Real Estate Book Recommendations to Make You a Better Investor

Posted by Chris Clothier on Mon, Jan 7, 2013

Fortunately for real estate investors everywhere, there are a lot of real estate titles that have some great information on real estate investing.  Unfortunately, there are also a lot of books on real estate out there by get-rich-quick schemers and authors who may have completed a small handful of transactions and now want to tell everyone else how it is done. Many of these books are little more than promotional fluff to get you to buy whatever "can't lose" investment system these fast-talkers and new-comers to the real estate world are shilling. It can be difficult to wade through all the snake oil and "too-dumb to know I was lucky" books to find quality information. Here at Memphis Invest we have done some of the work for you by selecting a few good books. Here are three real estate book recommendations, in no particular order, that can actually leave you smarter than they found you. 

Read More

Topics: real estate investing, Cash Flow Properties, Memphis Invest, real estate books

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.

Read More

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

Tax Tips for Investors in Cash Flow Real Estate

Posted by Chris Clothier on Mon, Mar 12, 2012
If you haven't yet completed your 2011 tax returns, the time to start thinking about doing so is now. Even if you know your market and are confident in your success, if you are a cash flow real estate investor, then your tax return is likely to be much more complicated than the basic 1040 EZ form, but it isn't too difficult to do things right. Here are a few tips to get you started:

Cash Flow Real Estate Investor Tax Tips:

1. Keep all receipts.

The U.S. Government Accountability Office (GAO) explains the most common problem with the tax returns of those who buy investment property: lack of documentation. According to one article, "individuals (or couples filing joint returns) tend to misreport their net income from rental real estate activities more frequently than other types of income." The most common issue is cash flow real estate investors who don't keep excellent track of their rental income and their property expenses. If you want to be certain to avoid these problems, keep all of your receipts together in a safe place.

2. Go green.

Certain property improvements or renovations can help save you money on long-term utility costs as well as offering generous tax credits, rebates, or deductions. Alternative energy installations, for example, often have excellent federal, state, and even local tax incentives. Such installations might also help attract potential renters and increase the value of the property itself as well as the amount that you can charge in rent for such an upgraded cash flow property.

3. Hire a professional.

Even with the best organization and planning, it can still be complicated to manage your existing properties and to buy investment property. This perhaps explains why the GAO reports that about 80% of real estate investors choose to pay an accountant to help them keep their taxes straight. A paid tax professional is likely to help you know how to categorize different expenses for maximum tax benefit. For example, according to one recent article, "if your year has been profitable enough to place you in a high tax bracket, then your goal at year-end should be to increase real estate tax deductions while putting off more income until the coming year (January 1). On the other hand, if your year has been less than stellar, placing you in a low tax bracket, then you want to do the reverseóput off tax deductions until the following year while increasing your income for the present year." Many cash flow real estate investors are more comfortable letting a professional make that decision each year.

 Click me

Photo credit
Read More

Topics: Cash Flow Properties, buy investment property, Tax tips

Passive Income | Real Estate Investing is Crucial for Retirement

Posted by Chris Clothier on Thu, Nov 17, 2011

Real estate is being added to the investment portfolios of Americans and more are looking for real estate to provide a passive income stream in their retirement years.  

Real estate investing sometimes gets a bad rap from investment advisers.  They often prefer REIT's and other supposed easier forms of investing in real estate because it's easy for them to track and control their clients portfolios.  I don't begrudge them for that attitude, I just think it short changes an investor and eliminates a very powerful source of income when investors will need it most...retirement.

Read More

Topics: real estate investing, Cash Flow Properties, BiggerPockets.com, Passive Cash Flow, Retirement planning

Memphis Property Management | Details make the Difference

Posted by Chris Clothier on Mon, Jul 18, 2011

In residential real estate investing, it is often the smallest details that make or break the profitability of an investment property.  For many of our clients these all important details fall on our shoulders as the property management company who oversees their properties and in some cases, their profitability.

Read More

Topics: invest in Memphis real estate, Memphis investment properties, Cash Flow Properties, Memphis property management, turn key real estate investing

Memphis Real Estate | Memphis Invest releases Smart Phone App

Posted by Chris Clothier on Sat, Jul 9, 2011

For all of our investment real estate clients and even interested investors who have been asking for an easy way to see properties on the go, we are releasing the first version of our smart phone app.  Memphis real estate is hot and our new app is just one of the new ways we are developing for investors to stay on top of what's going on here at Memphis Invest...AND the download is F-R-E-E!

Read More

Topics: MemmphisInvest.com, Discount investment property, Cash Flow Properties, Memphis real estate news

Typical Memphis Investment Property | Video Walk Through

Posted by Chris Clothier on Tue, Jun 14, 2011

So this ain't your typical video walk through of an investment property.  When Memphis Invest tackles a new investment property, they are concentrating on one thing...how much passive cash flow will this property produce for an investor!  MemphisInvest.com has helped over 300 investors purchase cash flow real estate in Memphis and today operates one of the top property management companies in the country. 

Read More

Topics: invest in Memphis real estate, Memphis investment properties, Memphis cash flow, Cash Flow Properties, Chris Clothier, Memphis property management, Brett Clothier, Ryan Flannery

Real Estate Investing - What Cash Investors really want

Posted by Chris Clothier on Mon, Mar 28, 2011

As I was reading a report last week on the status of real estate investing in different markets around the United States, one number kept jumping out at me - the percentage of real estate investors paying cash was huge!  In some markets around the country, real estate investors paying cash made up more than 75% of the transactions.  Since real estate is a hyper-local industry, with each individual market able to vary wildly from the next, keeping an eye on the trends of investors before making assumptions is a huge task.

Read More

Topics: Cash Flow Properties, Buy & Hold Strategy, investing in Memphis real estate, real estate investing advice

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.

Read More

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

4 Keys to Real Estate Investing Success in Memphis, Tennessee

Posted by Chris Clothier on Wed, Dec 8, 2010

I spent some time in Colorado in the early 2000's and was pretty active in the real estate market at the time.  One of the comments that we regularly heard was that "there is no more land being manufactured".  Being land locked by the mountains, real estate was at a premium and investing was considered to be a sound long term investment.  

Read More

Topics: Discount investment property, real estate education, Cash Flow Properties, Chris Clothier, real estate investing advice