Investor's Guide to Memphis Real Estate

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, Clift, Everton & Maschmeyer PLLC. https://www.gcemlaw.com/contact-us/ CoreLend Financial https://www.corelendfinancial.com/contact_us.html Local Title & Closing Services https://localtitle.com/contact/ CrestCore Property Managment https://www.crestcore.com/ Odyssey Construction

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, Clift, Everton & Maschmeyer PLLC. https://www.gcemlaw.com/contact-us/ CoreLend Financial https://www.corelendfinancial.com/contact_us.html Local Title & Closing Services https://localtitle.com/contact/ CrestCore Property Managment https://www.crestcore.com/ Odyssey Construction

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, Clift, Everton & Maschmeyer PLLC. https://www.gcemlaw.com/contact-us/ CoreLend Financial https://www.corelendfinancial.com/contact_us.html Local Title & Closing Services https://localtitle.com/contact/ CrestCore Property Managment https://www.crestcore.com/ Odyssey Construction

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, Clift, Everton & Maschmeyer PLLC. https://www.gcemlaw.com/contact-us/ CoreLend Financial https://www.corelendfinancial.com/contact_us.html Local Title & Closing Services https://localtitle.com/contact/ CrestCore Property Managment https://www.crestcore.com/ Odyssey Construction

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, Clift, Everton & Maschmeyer PLLC. https://www.gcemlaw.com/contact-us/ CoreLend Financial https://www.corelendfinancial.com/contact_us.html Local Title & Closing Services https://localtitle.com/contact/ CrestCore Property Managment https://www.crestcore.com/ Odyssey Construction

Today we discuss the do's and don'ts of multifamily real estate investing in Memphis. 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, Clift, Everton & Maschmeyer PLLC. https://www.gcemlaw.com/contact-us/ CoreLend Financial https://www.corelendfinancial.com/contact_us.html Local Title & Closing Services https://localtitle.com/contact/ CrestCore Property Managment https://www.crestcore.com/ Odyssey Construction

38127 - Frayser - 4:24 38128 - Raleigh - 7:45 38134 - Bartlett - 11:16 38133 - Bartlett Brunswick - 14:29 38135 - Bartlett Ellendale - 16:37 38002 - Arlington - 18:27 38016 - Cordova North - 21:27 38018 - Cordova South - 24:49 38138 - Germantown - 28:00 38139 - Germantown East - 30:31 38125 - South East Shelby County - 32:42 38141 - Hickory Hill South - 35:44 38115 - Hickory Hill North - 38:33 38118 - Oakhaven Parkway Village - 40:28 38116 - Whitehaven - 43:44 38109 - Westwood - 47:05 38111 - University - 51:04 38117 - East Memphis - 54:29 38122 - Berclair - 58:40 38104 - Midtown - 1:02:04 38119 - Quince Ridgeway - 1:05:39 38105 - Greenlaw - 1:07:32 38107 - North Memphis - 1:09:13 38112 - Rhodes College - 1:10:51 38106 - West Person - 1:13:18 38126 - South Memphis - 1:15:57 38114 - Orange Mound - 1:18:05 38108 - Jackson Farmville - 1:19:57 38053 - Millington - 1:22:59 Mississippi - Desoto County - 1:25:13 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, Clift, Everton & Maschmeyer PLLC. https://www.gcemlaw.com/contact-us/ CoreLend Financial https://www.corelendfinancial.com/contact_us.html Local Title & Closing Services https://localtitle.com/contact/ CrestCore Property Managment https://www.crestcore.com/ Odyssey Construction

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) Clip 5: “Rehab advice” from ep.117 (BRRRR Strategy 101) Clip 6: “Talk to an agent about value” from ep.118 (How to Get Your Property Ready to Sell) Clip 7: “Explain smart money” from ep.119 (Smart Money is Selling Now) Clip 8: “Step 1: Get to know Memphis” from ep.120 (How to Enter the Memphis Market) Clip 9: “Wholesalers” from ep.121 (Who to Buy From and Who NOT To) Clip 10: “Use Hard Money” from ep.122 (How to Win Deals Making Your Offer Stand Out) 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, Clift, Everton & Maschmeyer PLLC. https://www.gcemlaw.com/contact-us/ CoreLend Financial https://www.corelendfinancial.com/contact_us.html Local Title & Closing Services https://localtitle.com/contact/ CrestCore Property Management https://www.crestcore.com/ Odyssey Construction

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 have a fair property in a great location than a great property in a fair location.
• Lesson #4: The true identity of the deal doesn't reveal itself until 3 years later.

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 William N. Griffin, Jr., Atty

Griffin, Clift, Everton & Maschmeyer PLLC.

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 before mastering one thing. (We recommend reading The ONE Thing by Gary W. Keller and Jay Papasan.)

• Pitfall #4: Taking chances in ZIP codes that aren't historically strong due to low entry price.

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 William N. Griffin, Jr., Atty

Griffin, Clift, Everton & Maschmeyer PLLC.

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 but verify. Stick to your plan. Constantly educate yourself.

Step one in constantly educating yourself is to listen to this episode! And remember what Arnold Schwarzenegger says "VERK YOUR AZZ OFF."

PRO-TIP: When interviewing prop managers, contractors, and title companies, use a company someone else has used. Don't just search the internet. Ask around to real people. 

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 William N. Griffin, Jr., Atty

Griffin, Clift, Everton & Maschmeyer PLLC.

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:

1. There are way less buyers in the market. (60% - 70% fewer buyers!)
2. Prices have stabilized. The crash was in buyers, not in prices.
3. Buyers can be way more strict in their criteria.
4. Banks are willing to loan.

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 William N. Griffin, Jr., Atty

Griffin, Clift, Everton & Maschmeyer PLLC.

"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:

1. Owner Financing 
2. Hard Money
3. Private Lenders
   

HARD MONEY PRO-TIP
Why no money down is great:

1. Leverage your return.
2. I've yet to meet someone with unlimited cash.
3. Conserve your own cash. Save that dry powder!

Interested in a hard money loan? Reach out to us at Corelend. https://corelendfinancial.com/

Have any other 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 William N. Griffin, Jr., Atty

Griffin, Clift, Everton & Maschmeyer PLLC.

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 going to have to adjust. Below are some pro-tips from the episode.

PRO-TIP #1: You marry houses. But you date rates.

PRO-TIP #2: You're buying the property, not the tenant. 

PRO-TIP #3: When you're selling/listing: it's going to take longer.

PRO-TIP #4: Remember if you're listing a house that the buyer now qualifies for less. They were looking at 200k properties now they only qualify for 150k properties.

PRO-TIP #5: Spruce up your house. Make it appealing. Imagine you're on a tv show competing in front of the judges now.

PRO-TIP #6: Make your offer and stick to it. Don't feel the pressure to move on it. There will be another opportunity.

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