We discuss the top four actions you can take to better take advantage of this opportunity. And guess what? These actions cost nothing!

Have any questions? Shoot me an email: [email protected]

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 https://localtitle.com/contact/

CrestCore Property Managment https://www.crestcore.com/

Odyssey Construction

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

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Have any questions? Shoot me an email: [email protected]

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.

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!

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Have any questions? Shoot me an email: [email protected]

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.

Production

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 suburbs. These are "get to know Memphis" houses. You get to know your title company, your closing attorneys, your construction contractors, your property managers and your agent.

THEN we start BRRRR-ing with the rest of your investment budget.

This is a simple strategy but if you want to enter the Memphis market this is the way to go.

Have any questions or want to hop on our live Q&A on Zoom? Shoot me an email: [email protected]

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.

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 to sell." They are selectively culling their portfolio and you should too.

If you bought in 2017 or 2018 at 5% or 6% and your 5-year rate is about to balloon up to 9% talk to me NOW. -> [email protected]

Also, I'm considering doing a weekly live Q&A for investors on Zoom. If you'd like to hop on the call or send a question in advance shoot me an email at [email protected]

Dean Harris, VP of Sales at CrestCore Realty

This podcast is brought to you by William N. Griffin, Jr., Atty

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. (preferably a 12-month lease)

3. Is the property vacant? Broom sweep! Have it in at least a somewhat clean condition for buyers.

4. Make sure back taxes and leans on the title are clear and paid at closing.

5. Now you're ready for the market: How do you price it? As of March 2023, we are at Market Value or a bit under it.

‌6. Now you've sold... go buy another one!

Have any questions? Shoot me an email: [email protected]

Dean Harris, VP of Sales at CrestCore Realty

This podcast is brought to you by William N. Griffin, Jr., Atty

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 everything that is wrong with the property upfront. HVAC, water heater, roof, plumbing, electrical, hard surface floors, etc. Make sure all of this is included in the purchase price.

PRO-TIP #2: 50% of the rent should cover all of your expenses. The remaining 50% can be applied to the mortgage.

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Have any questions? Shoot me an email: [email protected]

Dean Harris, VP of Sales at CrestCore Realty

This podcast is brought to you by William N. Griffin, Jr., Atty

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?

Have any questions? Shoot me an email: [email protected]

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.

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:

PRO-TIP: In Memphis, we have a lot of title companies that pop up, and let's be honest, they can be pretty SLICK. (Oily, careless, sloppy at best.)

However, we have two reputable title companies that we close with. They are:

1) William N. Griffin, Jr., Atty

Griffin, Clift, Everton & Maschmeyer PLLC.

https://www.gcemlaw.com/

2) Local Title April McDowell 

 https://localtitle.com/

Need more recommendations? Need a property source in Memphis? Shoot me an email: [email protected]

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:

Have any questions? Shoot me an email: [email protected]

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.