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: [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.

You've heard the scare tactics:

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:

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.

"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:

HARD MONEY PRO-TIP

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

Have any other 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.

"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 houses being bought and sold in Memphis today. You may be down by ten at halftime but you can still make adjustments and win.

PRO-TIP #1: Econ. 101: Inventory demand is too high and supply is too low for the market to plummet.

PRO-TIP #2: Preparation leads to luck. Strategy leads to luck. Planning leads to luck.

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

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: [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

Interest rates are up, up, up and you've got two choices.

Pro-tip #1: Buy Deeper. This means offering less and buying cheaper. Don't be embarrassed or afraid that you'll insult the seller by asking below list price.

Pro-tip #2: If real estate has a superpower it's the ability to raise rent. If you're not raising rent you're not using your superpower.

Pro-tip #3: Need to increase cash flow? Buy more houses. Remember the "Law of Large Numbers." The bigger your numbers get the better you can predict what is going to happen. The danger here is if you buy the wrong property it can affect you negatively. So, buy right.

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

Dean Harris, VP of Sales at CrestCore Realty

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-term 24-month lease. You could be leaving money on the table.

Pro-tip #2: If you're borrowing, lock-in interest rates as soon as possible because they are only going up.

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

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:

WHO WE USE

We aren't going to recommend any services we don't use ourselves.

PROTIP: Remember there are 3 levels of agents. 

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

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 know the market is headed to the toilet. Here's what I'm doing."

Pro-tip #2: Use this time to do all those things you've been putting off. (Look at your insurance, be prepared to appeal your tax evaluation, look at your maintenance, and other paperwork.)

Pro-tip #3: When facing a challenge use this line of questioning:

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

If you plan on selling in the next one to five years you need to be thinking about this because you may be leaving money on the table. The only way to MAXIMIZE the value of your investment property over time is to raise the rent.

Today we cover:

Here are some quick pro-tips from the episode:

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.