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Archive for September, 2010

Memphis Invest Increases Home Buying Events

Monday, September 27, 2010
SARAH BAKER | The Daily News

With the recent completion of Memphis Invest LLC’s office space expansion for its sister company, Premier Property Management Group, and new implementation of traditional rehab services for those wanting to remodel their home, the family-owned company continues to do the majority of its business with out-of-town investors.

A 1,200-square-foot development on the west side of Premier’s existing building was completed earlier this year by the Memphis Invest rehab services. The expansion offers offices for the staff of five full-time and 14 part-time employees.

The addition is also equipped with closing office and tenant waiting room where tenants can come inside and wait for an appointment, make a rental payment, receive a receipt or wait for their closing.

Chris Clothier, director of sales and marketing, said Memphis Invest built a separate entrance just for Premier’s tenants.

“It definitely makes it a more formal process, which benefits everyone – not only the tenants but also the owners whose properties we’re managing because it really makes it a more professional approach to managing the properties,” he said.

Memphis Invest now also provides rehab services, refurbishing full renovations on more than 200 properties a year for investors around the world. A supplementary service company, Memphis Invest Renovation Services, renovates investment properties and performs rehab work for homeowners looking to upgrade their houses.

The majority of Memphis Invest’s clients – 75 percent – are located outside of the Memphis market. And it’s all due to exposure and the lure of Memphis investment properties, Clothier said.

“Local investors are just a little more timid about buying here in town because of their preconceived ideas about what Memphis is like,” he said.

Memphians are “insulated,” and often overlook the treasures right in front of them, Clothier said. And investors inhabiting other cities with a higher cost of living cannot buy properties there for $20 to $40 per square foot.

In fact, investors came this past weekend to learn about the Memphis market and the Memphis Invest process and, of course, to buy property.

Memphis Invest hosts these buying parties once a quarter, bringing in anywhere from 40 to 60 investors at a time, with 30 to 40 serious buyers, and the rest wanting to learn more about the market or Memphis Invest.

“We go to Graceland, and depending on the time of year, we’ll go to a Redbirds or Grizzlies game – just little things so they can see that Memphis is more than just the bad crime list that you hear about each year,” Clotheir said. “There’s a lot more to the city than just that, and that’s really what these weekends highlight.”

But since the demand is so high, Memphis Invest is changing the event to the second weekend of every month, limiting the attendance to 25 investors who are qualified and ready to invest in the Memphis real estate market.

And now with its new 400-square-foot multimedia room at its 130 Timber Creek headquarters, Memphis Invest will begin these smaller tours the weekend of Nov. 6.

Just one weekend is all it usually takes for many investors to get hooked. They not only return to purchase more, but they also bring colleagues, friends and family to invest as well.

Brack Shaver of Fort Worth, Texas, attended the weekend event in April and returned this weekend, bringing his son with him.

Shaver, a registered investment adviser, said Memphis Invest spares him the one thing that matter the most – time.

“As an investor, you are always looking for a situation that lends itself to you that is turnkey,” Shaver said. “This way, I get a good property, it’s already been rehabbed – in my case, it’s already been rented – and I get a check every month.”

Brian Rowan, on the other hand, is one of the select few investors from Memphis. He has bought 15 properties from Memphis Invest and hopes to acquire five more within the next two and a half years.

“I want to get in, get out and have my properties paid for before the market changes,” Rowan said.

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A Well Done Renovation by MemphisInvest.com

MemphisInvest.com is now providing traditional rehab services to those wanting to remodel their home.

“We have remodeled over 500 properties in the past three years for investors across the country.  We have reliable and professional local contractors that we have kept very busy in these tough economic conditions, allowing us to maintain competitive pricing and high quality work. This is the reason we have formed the remodeling side of our business, catering to local Memphis homeowners,” says Ryan Flannery, Project Manager at MemphisInvest.com. “Our high quality rehab coupled with the low prices we deliver are fundamental keys to making purchasing and investing in Memphis successful and profitable.”

Fix Magazine, a bi-monthly publication that is distributed through the Commercial Appeal, covered a before and after of a recent MemphisInvest.com renovation. See the full article here.

Brian Douglas finds the missing link in MemphisInvest.com

“I have to admit that when I first heard about your process, I was skeptical. Would and could a company actually do everything hat you promised? You set the bar high for yourself, and I thought that it would be difficult to reach your goals. You have far exceeded what was promised.”

“When people ask me what  I do in investment real estate in Memphis and I explain that I have ‘People’ that help me purchase rental property for little or no money down, rehab the property, locate tenants and manage the property for me, most people don’t believe me.”

“You have shown me that missing link in the process and made the outlook for my future brighter.”

– Brian Douglas

Memphis, Tennessee

MEMPHISINVEST.COM ANNOUNCES REAL ESTATE INVESTING SEMINAR AND BUYING TOUR

MemphisInvest.com is pleased to announce that Than Merrill and JD Esajian, stars of A&E’s Flip This House, and FortuneBuilders have teamed up with MemphisInvest.com to host the Ultimate Cash Flow Buying Tour, a two day buying conference and tour to be held in Memphis on September 24-25, 2010.
Day one of The Ultimate Cash Flow Buying Tour will be held at the Holiday Inn Downtown where guests will have a chance to learn about investing in Memphis from the experts and an opportunity to network with the MemphisInvest.com and FortuneBuilders teams. Other teams will also be available to meet one on one to discuss the buying and investing process including property locators, closing attorneys, insurance agents, rehab specialists and property managers. Day two will begin at the Holiday Inn Downtown, where guests will depart to tour available homes in the stages before, during and after the rehab process. An optional day three will be available for those guests who chose to stay over a second night for a hosted tour of Elvis’ home.
Memphis is the perfect city to invest for many reasons. Due to its low cost of living, affordable housing and surprisingly stable rental market, Memphis offers advantages that few cities in America can boast. A few other statistics: Memphis was 21% undervalue entering 2010. Over 48% of Memphis residents rent their housing. Memphis is home to four Fortune 500 company headquarters. If you are interested in earning positive cash flow each month and building wealth over time, Memphis is the place to invest.

For more information or to register for this great opportunity, go to http://bit.ly/bkxbis.

Roy Stroud purchases investment homes from MemphisInvest.com

When I got back from my trip to visit you, people started asking where I had gone and what I was doing. I  am sure my excitement showed on my face and in my voice as I started to tell people about your company. The reason that I am sure is that 4 of my friends have already purchased their first houses in Memphis and others are watching thinking it is too good to be true. (I try to assure them that it is not too good to be true. Your company is the real deal.) I am sure some of them will be buying in the future.

I have now purchased 4 houses in 4 months and I am in the process of buying my 5th house in my 5th month. The 4 houses that I have already purchased are all refinanced with permanent financing and have ll been rented within 1 week of the rehab being complete.

It is a pleasure to see that there are still honest people like you in the world.

Roy Stroud