Memphis Real Estate Hour

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: How do I fix this? How do I avoid this? How do I move on? 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

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:  The most important variables you need to consider.  How to determine market rent.  And the different lenses buyers and sellers must look through. Here are some quick pro-tips from the episode: Pro-tip #1: Use the 1% rule of thumb: In general properties rent at 1% of their value per month. Example: $80,000 House = $800 Rent Pro-tip #2: Don't sign a 24-month lease right now. It might cost you if market rents continue to rise. Pro-tip #3: If you up the rent and your tenant says "Nope!" Ask them to call around. They will discover you are at market rent. Pro-tip #4: When determining market rent, ask your leasing agent or your property management company. They're going to tell you. It's what they do all day every day! But be sure to ask them w

We are breaking down the Memphis ZIP codes so you have the boots-on-the-ground knowledge you need to win in the Memphis real estate market! 1:51 - Frayser 38127 7:22 - Raleigh 38128 12:04 - Bartlett 12:54 - Bartlett 38134 15:07 - Bartlett 38133 18:00 - Bartlett 38135 21:46 - Arlington/Lakeland 38002 25:11 - Cordova 38016 26:57 - Cordova 38018 28:43 - Germantown 38138 30:14 - Germantown 38139 31:53 - Southeast Shelby County 38125 35:13 - Hickory Hill South 38141 37:41 - Hickory Hill North 38115 40:05 - Oakhaven Parkway Village 38118 43:17 - Whitehaven 38116 46:49 - Westwood 38109 49:30 - East Memphis 38117 51:34 - Orange Mound 38114 53:46 - South Memphis 38106 56:20 - North Memphis 38107 58:24 - Rhodes College Area 38112 1:00:23 - Berclair 38122 1:03:16 - Nutbush 38108 1:05:27 - University 38111 1:08:59 - Desoto County 1:16:15 - Midtown 38104 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

You want to look smart three to five years from now? Well, you're gonna have to do a few things differently because we will see some massive changes in the next six to nine months. Expenses and rates are going up and cash flow is going down. So, how are you going to navigate your way through what's coming? Well, we've got some advice for you. Here are a few points covered in this episode: Clear your lines of credit. Hang tight and wait on unnecessary expenses for rentals.  Make sure your lease renewals are up to market rent. Buy in traditionally solid areas. (Location, location, location!) And remember: “A recession is a terrible thing to waste.” ― Paul Romer, Stanford economist. 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 & Masc

Things are shifting, and we are gonna hit some tough times, but we think you can thrive in this. We aren't trying to scare. This isn't click-bait. But now is the time to pay more attention. Focus. Sharpen your skill. You can learn how to be a savvy investor right now. This is an opportunity for you to jump in. Look, there were a hundred people in the pool but after hearing some distant thunder everyone jumped out. Now it's just you and good opportunities.  And let's be clear: are not Pollyanna saying everything is great. We're just saying it's not the end of the world and you can still make decisions.  You're not going to get a deal right now. But you can get the house you couldn't get before. Remember: You are more nimble than the slow bureaucratic hedge funds. “Be fearful when others are greedy and greedy when others are fearful.” ― Warren Buffett Have any questions? Shoot me an email: dean@crestcore.com Dean Harris, VP of Sales at CrestCore Realty Douglas Skipworth, Founder & Principal Broke

The pendulum swung to the height of the seller market and as it comes back down you have a choice:  Be in control and sell now. Wait to be out of control and sell.  Waiting is actually a gamble. You could be waiting for the opportunity that may never come. To the buyers: When was the best time to plant a tree? 20 years ago. When is the next best time? Today!  If you buy a home you're immediately getting equity in it. And remember what real estate gives you is I.D.E.A.L Income Depreciation Expenses  Appreciation Leverage 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.

In residential real estate rent is your income and if you're not raising rents you are likely leaving money on the table. Raising rent is the real estate investor's tool to hedge inflation-- so if you're not upping rent, you may actually be losing money. In this week's episode, we cover everything you need to know about raising rent and why you should. 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

Historically, this is still an unprecedented time, but coming out of the ridiculously low "free money" stage— don't panic. Inventory is as low as we've seen. It's more difficult than it's ever been to find good deals. But now is not the time to hang tight on the sidelines. If you want to buy something, buy it now. It's only going to get more expensive. If you want to refinance something, refi now. If you want to sell something, the rates are only going to go up— sell it now. Maximize profitability by taking action now. 'Cause down the road things will change. 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

They used to say Memphis is not an appreciation market, well, now the data says otherwise— and data don't lie! In today's episode, we are reviewing the Q1 2022 Chandler Reports and some of the average price increases since last year may surprise you.  Some of the topics we cover are: Rates are going up. Increasing rents. Unload, sell, and restart Expecting competitive offers CREATIVE offers are winning. STAY PREPARED. Big take away: ACT NOW. Buy now before things change and sell now before things change. Rates are going up which will affect the mortgage market which will affect the investor market. Link to our Chandler Reports PDF Download 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

What is a line of credit? Two words: CASH OFFERS!  This is probably the most important topic for any real estate investor. Especially if you want to scale, move quicker, and build something enduring. Because cash is king. Now and always. So, having an LOC is important today but even more important moving forward. Everything we teach this week is as applicable to the beginner as it is to the seasoned pro. In this episode we cover: Where do you get a line of credit? Incredible examples of using LOCs that can help you think creatively and could spark a new thought process. Creative collateral so you don't have to jeopardize your home. (Your wife and kids will thank you!) How to leverage banking relationships that you already have at home to invest out-of-state in Memphis The downsides of LOCs to beware of. 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

For more information visit CrestCoreRealty.com Podcast Production Services by Parasaur Studios

For more information visit CrestCoreRealty.com Podcast Production Services by Parasaur Studios

For more information visit CrestCore.com Podcast Production Services by Parasaur Studios

For more information visit CrestCore.com Podcast Production Services by Parasaur Studios

For more information visit CrestCore.com Podcast Production Services by Parasaur Studios

For more information visit CrestCore.com Podcast Production Services by Parasaur Studios

For more information visit CrestCore.com Podcast Production Services by Parasaur Studios

For more information visit CrestCore.com Podcast Production Services by Parasaur Studios

For more information visit CrestCore.com Podcast Production Services by Parasaur Studios

For more information visit CrestCore.com Podcast Production Services by Parasaur Studios