Get Rich Education 59: Memphis Turnkey Real Estate Investing with Terry Kerr
#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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