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Memphis Real Estate Investing

3 min read

Memphis Invest Increases Home Buying Events

By Chris Clothier on Mon, Sep 27, 2010

Memphis Invest Increases Home Buying Events

Monday, September 27, 2010, Vol. 125, No. 187
SARAH BAKER | The Daily News

With the recent completion of Memphis Invest LLC’s office space expansion for its sister company, Premier Property Management Group, and new implementation of traditional rehab services for those wanting to remodel their home, the family-owned company continues to do the majority of its business with out-of-town investors.

A 1,200-square-foot development on the west side of Premier’s existing building was completed earlier this year by the Memphis Invest rehab services. The expansion offers offices for the staff of five full-time and 14 part-time employees.

The addition is also equipped with closing office and tenant waiting room where tenants can come inside and wait for an appointment, make a rental payment, receive a receipt or wait for their closing.

Chris Clothier, director of sales and marketing, said Memphis Invest built a separate entrance just for Premier’s tenants.

“It definitely makes it a more formal process, which benefits everyone – not only the tenants but also the owners whose properties we’re managing because it really makes it a more professional approach to managing the properties,” he said.

Memphis Invest now also provides rehab services, refurbishing full renovations on more than 200 properties a year for investors around the world. A supplementary service company, Memphis Invest Renovation Services, renovates investment properties and performs rehab work for homeowners looking to upgrade their houses.

The majority of Memphis Invest’s clients – 75 percent – are located outside of the Memphis market. And it’s all due to exposure and the lure of Memphis investment properties, Clothier said.

“Local investors are just a little more timid about buying here in town because of their preconceived ideas about what Memphis is like,” he said.

Memphians are “insulated,” and often overlook the treasures right in front of them, Clothier said. And investors inhabiting other cities with a higher cost of living cannot buy properties there for $20 to $40 per square foot.

In fact, investors came this past weekend to learn about the Memphis market and the Memphis Invest process and, of course, to buy property.

Memphis Invest hosts these buying parties once a quarter, bringing in anywhere from 40 to 60 investors at a time, with 30 to 40 serious buyers, and the rest wanting to learn more about the market or Memphis Invest.

“We go to Graceland, and depending on the time of year, we’ll go to a Redbirds or Grizzlies game – just little things so they can see that Memphis is more than just the bad crime list that you hear about each year,” Clothier said. “There’s a lot more to the city than just that, and that’s really what these weekends highlight.”

But since the demand is so high, Memphis Invest is changing the event to the second weekend of every month, limiting the attendance to 25 investors who are qualified and ready to invest in the Memphis real estate market.

And now with its new 400-square-foot multimedia room at its 130 Timber Creek headquarters, Memphis Invest will begin these smaller tours the weekend of Nov. 6.

Just one weekend is all it usually takes for many investors to get hooked. They not only return to purchase more, but they also bring colleagues, friends and family to invest as well.

Brack Shaver of Fort Worth, Texas, attended the weekend event in April and returned this weekend, bringing his son with him.

Shaver, a registered investment adviser, said Memphis Invest spares him the one thing that matter the most – time.

“As an investor, you are always looking for a situation that lends itself to you that is turnkey,” Shaver said. “This way, I get a good property, it’s already been rehabbed – in my case, it’s already been rented – and I get a check every month.”

Brian Rowan, on the other hand, is one of the select few investors from Memphis. He has bought 15 properties from Memphis Invest and hopes to acquire five more within the next two and a half years.

“I want to get in, get out and have my properties paid for before the market changes,” Rowan said.

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1 min read

MemphisInvest.com Announces Cash Flow Pros Expo

By Chris Clothier on Thu, Aug 19, 2010

Kent Clothier & Family are hosting a one time only 3-Day Bootcamp for Building an INCREDIBLE Real Estate Business...

Are you going to be one of the lucky few who ACTUALLY USES this opportunity to take action!!  Learn from the best and get on the right track to success.  

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2 min read

Build a Wholesale Real Estate Business

By Chris Clothier on Tue, Aug 17, 2010

Kent Clothier & Family are hosting a one time only 3-Day Bootcamp for Building an INCREDIBLE Wholesale Real Estate Business...

Are you going to be one of the lucky few who ACTUALLY USES this opportunity to learn from the best and take action?  One of the best ways to learn any new endeavor or even how to improve on what you are already doing is to follow in the footsteps of those who have gone before you.  The Clothier family have had tremendous success in each business they have built and have been leaders in the Memphis wholesale real estate business.  Do not miss your chance to hear form them on the exact methods and tools they have used to build and develop each area of their business.  This is an amazing opportunity...

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2 min read

Follow Successful Real Estate Investors to find SUCCESS of your own!

By Chris Clothier on Fri, Apr 2, 2010

What's on your bookshelf?

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1 min read

WEBINAR: Kent Clothier of Memphis Invest hosts a call for Investors!

By Chris Clothier on Tue, Feb 23, 2010

Learn from the Pros! Kent Clothier on Building your business and achieving your best!

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1 min read

Learn to invest in Memphis real estate with the experts

By Chris Clothier on Tue, Feb 9, 2010

Kent Clothier and JD Esajian of A&E's "Flip This House" and Fortune Builders, talk with the hosts of News Channel 3's "Live @9" in Memphis, TN. about the great opportunities that Memphis investment properties offer investors looking to invest in Memphis real estate.

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3 min read

Want to Invest in Real Estate? Read these books...

By Chris Clothier on Mon, Feb 8, 2010

Educate yourself as an investor with these Real Estate Investing, Business and Life in general books!

I've been asked repeatedly over the last few weeks by investors to put together a list of books that I have read or could recommend to other real estate investors who are looking to get started.  Most of the clients or prospective clients that I talk to are familiar with my rise as a real estate investor and the fact that my family today operates one of the largest real estate wholesaling companies, MemphisInvest.com, in the country.  They know that we own 1800SellNow.com and that we operate the largest non-profit real estate investors association, Mid-South REIA, in the Mid-South. 

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9 min read

MemphisInvest.com Monhly Real Estate Investor Newsletter

By Chris Clothier on Mon, Feb 1, 2010

MemphisInvest.com Monthly Newsletter

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6 min read

Kent Clothier - 2010 Memphis Investment real estate newsletter

By Chris Clothier on Mon, Jan 4, 2010

MemphisInvest.com Monthly Newsletter

Issue: # 13

January 2010

Welcome to 2010!

Thank you so much for giving us the opportunity to assist you with your real estate investing.  Whether you have taken advantage of the services our family owned business provides or are waiting for the right time to invest, your interest in our company and the opportunity to do business together is very important to us.

In this issue I will share with you my thoughts on the year 2009 as well as insight into how fantastic 2010 will be!  MemphisInvest.com is adding some additional events as well as weekly events which maximize your opportunity as an investor to get information about our great city and all the value added benefits of doing business with MemphisInvest.com.

I want to wish all of you a prosperous 2010 and I look forward to continuing our relationship with you as a top provider of turnkey investment real estate properties in Memphis!

Kent Clothier, Sr.

Value of investing in Memphis real estate on the rise!

Reasons to get started investing TODAY continue to mount.

  • If you haven't figured out why you are investing in Memphis real estate then maybe some of these stats will help you out.
  • Memphis is 21% undervalue entering 2010.
  • Analysts believe job market will stabilize with unemployment around 6%-8% for Memphis.
  • The over-all consensus is that Memphis will continue to see opportunity for investors as home prices remain below value.  A second wave of foreclosures will keep the supply side high and pricing for investors well below value in 2010.
  • Mortgage rates are expected to climb to an average of 5.86% by year end which remains HISTORICALLY low even after the climb!
  • With the job market predicted to see growth in the supply, defense, medical, staffing and distribution fields, demand for Memphis rental housing should continue to be strong.

MemphisInvest.com is owned by investors who are constantly keeping our eyes on the local economy and specifically the housing and rental markets.  We feel that 2010 will continue the recent trend of years with outstanding opportunity to take advantage of low entry pricing with high rates of return on investment.

 

Welcome to our new investors!

MemphisInvest.com welcomes 11 new investors in December.

We get a lot of pleasure and real satisfaction out of being able to assist real estate investors from around the country and the world.  They look to us because of our deep involvement in the local real estate community, our commitment to customer service and our knowledge of the local trends.  One of the ways that we measure our success is by our growth in new investors each month and December was no exception.  We want to thank our 11 first time investors who chose to purchase investment properties in Memphis and to use the turn-key program that MemphisInvest.com provides!

Thanks again and we look forward to building strong relationships with each of you!

 

Thank you very much for taking the time to read this email.  It is always a pleasure getting the opportunity to communicate with you.  If I can assist you with anything please feel free to contact me at info@memphisinvest.com!

Sincerely,

Kent Clothier
MemphisInvest.com

In This Issue

Invest in Memphis for Value

New Investors

Commercial Appeal

Quick Links

MemphisInvest.com

Register for Bus Tour

See our Inventory

Join me on Twitter

 

Home price stability seen for Memphis!

Memphis will be among the best areas in the nation this year for stable home prices, according to SmartMoney.com.

The article, based on data from Moody's Economy.com, projects that home prices in Memphis will rise .99 percent in 2010.

That would be second only to Tacoma, Wash., (2.44 percent) and ahead of Pittsburgh (.89 percent), Charleston, S.C. (.18 percent) and Seattle (a decline of .5 percent).

Much of the credit for the healthy Memphis forecast goes to the city's major employer, FedEx, the article states.

The transportation industry is among the first sectors to rebound as the economy regains strength, the article states.

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2 min read

Invest in Memphis Real Estate with Good People - Not Gimmicks!

By Chris Clothier on Tue, Oct 6, 2009

If you've ever listened to one of my webinars introducing Memphis Invest, you've me heard me say time and time again that this is absolutely a people business and has very little to do with the product.  That's speaking strictly from the providers point of view of course.  But what about from the investor's point of view.

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