Investor's Guide to Memphis Real Estate

There are opportunities galore for the investor who is willing to BRRRR right now in Memphis. And if you’re interested in buying a BRRRR, shoot me an email: dean@crestcore.com Link to weekly Zoom Calls:  https://linktr.ee/crestcore Dean Harris, VP of Sales at CrestCore Realty Douglas Skipworth, Founder & Principal Broker at CrestCore Realty Podcast production and design by Parasaur Studios Thi...

Here are our top 10 advice clips of 2023 Clip 1: “Identify your market” from ep.113 (Top 5 Must-Do’s for First-Time Investors) Clip 2: “No heroes in real estate” from ep.114 (Pitfalls of First-Time Investors) Clip 3: “What to ask potential property managers” from ep.115 (How to Build Your First Real Estate Team) Clip 4: “Do it right on the front end” from ep.116 (Biggest F!@# Ups We’ve Made Buying...

Strong cashflow, steady appreciation, and a whole lot more! Tune in this week where we answer the question “Why should I invest in Memphis real estate?” Link to weekly Zoom Calls:  https://linktr.ee/crestcore Have any questions? Shoot me an email: dean@crestcore.com Dean Harris, VP of Sales at CrestCore Realty Douglas Skipworth, Founder & Principal Broker at CrestCore Realty Podcast production...

All we heard in December was “a crash in 2023!” “the summer of 2023 will be death!” but it hasn’t been carnage. Why is that? Today we discuss what happened to the 2023 Market Crash. Link to weekly Zoom Calls:  https://linktr.ee/crestcore Have any questions? Shoot me an email: dean@crestcore.com Dean Harris, VP of Sales at CrestCore Realty Douglas Skipworth, Founder & Principal Broker at CrestC...

This is going to be our playing field for the next 24 months, so get used to it! Link to weekly Zoom Calls: https://linktr.ee/crestcore Have any questions? Shoot me an email: dean@crestcore.com Dean Harris, VP of Sales at CrestCore Realty Douglas Skipworth, Founder & Principal Broker at CrestCore Realty Podcast production and design by Parasaur Studios This podcast is brought to you by Griffin...

Is it hard to use hard money? This week we are discussing Hard Money and how to use it as a tool in this market. Link to weekly Zoom Calls: https://linktr.ee/crestcore Have any questions? Shoot me an email: dean@crestcore.com Dean Harris, VP of Sales at CrestCore Realty Douglas Skipworth, Founder & Principal Broker at CrestCore Realty Podcast production and design by Parasaur Studios This podc...

We discuss the top four actions you can take to better take advantage of this opportunity. And guess what? These actions cost nothing! Have you stayed the course searching for houses? Have you been educating yourself? Have you been talking to your bankers? Have you been checking in on your team? Have any questions? Shoot me an email: dean@crestcore.com Dean Harris, VP of Sales at CrestCore Realty...

One topic we get asked about a lot is: how can I make my offer more appealing? How can I be the shiny object? In this episode, we answer that question! We cover Hard Money Earnest Money Waiving Contingencies Shorter Contingencies ‌ Have any questions? Shoot me an email:  dean@crestcore.com Dean Harris, VP of Sales at CrestCore Realty Douglas Skipworth, Founder & Principal Broker at CrestCore R...

Who should you buy an investment deal from? This week we cover the big three: Agents, Wholesalers, and Private Individuals and the pros and cons of each of them. Ignore this episode at your own risk! ‌ Have any questions? Shoot me an email:  dean@crestcore.com Dean Harris, VP of Sales at CrestCore Realty Douglas Skipworth, Founder & Principal Broker at CrestCore Realty Podcast production and d...

There are soooo many different ways to invest: Wholesale? Fix n' Flip? Lender? Buy & Hold? Single Fam? Duplex? Triplex? Apartment? Commercial? So, what is REALLY working? Today we are breaking down a strategy we use with our clients that simply WORKS. Here's the basic breakdown: We start with 2 FOUNDATION houses. These are in a safe area, good tenants, good appreciation, out in the sub...

Market Update Q1 2023 Because of the interest rates and all the hoopla everyone's hearing, we wanted to do a Q1 market update for 2023. Times are changing so it's easy to get off course. Listen to this episode to get your bearings straight. Key takeaways: There is a NUMBERS crash, not a value crash. Smart Money (AKA hedge funds with huge market analysis departments) have decided "Now is the time t...

Today we’re talking about how to get your investment deal ready to list. We’ve got more listings right now than we’ve had in the past 20 months so believe it or not, it’s a good time to sell.  Here are the SparkNotes: 1. Talk to an agent to get an idea of the value right up front. (I’d recommend a guy named Dean Harris!) 2. Want maximum value? Tenants need to be paying market rent. (preferabl...

You’re telling me I can borrow millions of dollars from a bank to buy a property, I can borrow millions to rehab ‘em, and I can get someone else to pay it back for me? Yes. This week we break down each step of the B.R.R.R.R strategy. Buy, Rehab, Rent, Refinance, Repeat! Here are some tips from the episode: PRO-TIP #1: “Turn it into a TANK.” If you are buying and holding for the long term, fix ever...

This episode can save your rear end. We're gonna eat a little humble pie and tell you about our worst buys. And man, have we screwed up. These are expensive lessons. Costly mistakes but priceless mistakes. How can you learn from our most embarrassing failures? Lesson #1: Do it right on the front end. Lesson #2: Do it right on the front end with COMPETENT CONTRACTORS. Lesson #3: You would rather ha...

This may be the most important thing you do as an investor. It is on YOU to build your team. And I'm here to tell you, it doesn't work without the right partnerships. Period. We learned all of this the hard way. So, here's some of the experienced investor advice you won't want to miss from this episode:  The difference between a bank and a mortgage company.  What to ask potential agents....

The three deadly sins of investing: Overpaying, Over-leveraging, and Mismanagement. Today we are discussing the top four pitfalls of first-time investors. Here are the SparkNotes: Pitfall #1: Not doing the 5 things we recommended in Episode 113 (Top 5 MUST-Do's for First-Time Investors.) Pitfall #2: Having a desire to break records. There are no heroes in real estate! Pitfall #3: Losing focus befo...

We are hearing from more first-time home investors than ever before. So, today's episode is our best advice on the five things you simply MUST do to succeed in your new journey as a real estate investor. 1. Get pre-approved for a loan. 2. Identify your market. 3. Choose your property source / agent. 4. Start to interview property managers, contractors, and title companies. 5. Have patience. Trust...

You've heard the scare tactics: "High-interest rates! There's a recession! The crash is coming!" But I've got news for everyone: If you're waiting for another 2008 it ain't coming. Truth is rents are sky high, occupancy is sky high, collections are sky high. This episode is about why RIGHT NOW is a great time to be a landlord and buy rentals. Here are the four headlines of this episode: There are...

"Marry the property, date the rate!" Today we break down three ways you can obtain properties and stay out of the bank's high-interest rate crosshairs. These unique times call for unique approaches...AKA MacGyver financing. The three creative financing options we explore include: Owner Financing  Hard Money Private Lenders HARD MONEY PRO-TIP Why no money down is great: Leverage your return. I...

"25% DECLINE!" That is the scary headline. But Halloween is over so don't be spooked. This is a market reset and we're going to see a lot of opportunities. The hedge funds have paused and with them not competing there are more options for you. The rates are higher but you're getting a better-quality house. So, stop reading the headlines. People are buying. The sales are there. There are fifty hous...

Do you feel like you're living in the wild west right now? You've got your holster, your cowboy hat, and you have no idea what's going to happen. Over the past six months, we've entered a new era of real estate and things continue to change dramatically. In today's episode, we're going to discuss what has changed, how to adapt to it, and what to expect. This is an adjustment period and you're goin...

Interest rates are up, up, up and you've got two choices. You can sit on the sidelines or you can get in and learn. Believe it or not occupancy, rent, and collections go up during hard economic times. This week's episode is all about how you can navigate the rising interest rates and thrive as an investor. Pro-tip #1: Buy Deeper. This means offering less and buying cheaper. Don't be embarrassed or...

How can real estate protect you from inflation? Well, that's the hot topic we are covering in today's episode. Listen up to learn how you can take advantage of the opportunity.  We've also got two practical pro-tips for you this week: Pro-tip #1: Short-term, 12-month leases ONLY. That is where inflation is your friend— where you can increase rent as inflation goes up. Don't lock into a long-t...

You want people on your team who have experienced markets like this before and are in the trenches with you. Choose partners who own rental properties. So, your insurance guy owns houses. Your closing attorney owns houses. You get the idea. START WITH THE BASICS: Property Source/ Deal (Agent, Wholesaler, Insurance, Accounting, Closing Attorney, Title Companies) Financing (Hard Money Lenders, Banke...

From a real estate investment point of view, why can a recession be a good thing? That's our topic for today. And I'll be honest, we are going to see investors in trouble. We're going to see mismanagement. But we've seen these cycles before and we know how to prepare. Here are some pro-tips from this episode: Pro-tip #1: Talk to your banker and keep them updated on how your portfolio is doing. "I...