Get Rich Education

#59: Learn why buying fully renovated, already rehabbed, already tenanted, cash-flowing property in Memphis, Tennessee can put you on the path to financial freedom with Terry Kerr of MidSouthHomeBuyers.com

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Listen to this week’s show and learn:

02:18  You want more money with less of your time invested. Today’s episode makes this actionable.

03:58  “Instead of wondering when your next vacation is, maybe you should set up a life you don’t need to escape from.”

04:22  The element of altruism in turnkey real estate investing.

06:10  An advantage of single-family home investing that you’ve likely never thought of.

07:50  Keith joins you from Managua, Nicaragua today.

11:24  Terry Kerr interview begins. He answers “Why Memphis?”

14:34  These $60K-$70K cash-flowing homes are in decent Memphis neighborhoods.

16:07  Advantages of MidSouth having both their renovation and management company under one roof.

18:04  MidSouth now has their own warehouse. This reduces maintenance costs.

21:00  Renovating to “retail standards” vs. “rental standards.”

24:06  Memphis submarkets and neighborhoods.

28:12  Single family homes often work best for Memphis cash flow.

29:17  In Memphis, tenants supply their own appliances!

31:01  In Memphis, one utility company supplies: water, wastewater, gas, and electricity.

32:30  Tenant qualification.

34:08  Occupancy is currently 98%+ in an 1,155-unit management portfolio.

35:35  Warranties and guarantees to investors.

36:30  The vital importance of property management.

38:52  Why the distribution business sector is more durable in supporting cash-flowing real estate income streams.

40:02  You’ll spend about $15K-$19K as a down payment & closing costs to invest in these cash-flowing homes.

Resources:

MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

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Direct download: GREepisode59.mp3
Category:general -- posted at: 4:00am EDT

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