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Get Rich Education

109: Memphis Turnkey Real Estate Investing with Mid South Home Buyers

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3602 Ratings

🗓️ 11 November 2016

⏱️ 38 minutes

🧾️ Download transcript

Summary

#109: Memphis, Tennessee is the longtime King Of Real Estate Cash Flow.

Mid South Home Buyers in Memphis is the turnkey company with smart systems and great service. Learn how they got their advantage.

Founder Terry Kerr and Investment Coordinator Liz Nowlin tell us what makes Memphis unique.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities.
 
Listen to this week’s show and learn:
 
02:44  Return From Equity (RFE) and Return On Equity (ROE) are two different things.
 
06:18  Equity positioning is key to your investing strategy.
 
07:18  Volatile markets vs. Stable markets.
 
10:23  Terry Kerr and Liz Nowlin interview begins.
 
12:15  Mid South Home Buyers manages 1,450 properties, 98%+ occupancy, 77%+ of tenants renew their leases.
 
14:28  Memphis is a distribution hub.
 
15:27  52% of Memphis residents rent rather than own.
 
17:33  Some turnkey providers “mark up” materials.
 
20:58  The best-renovated houses in Memphis: roofs, HVAC, kitchen, bathroom, electrical, plumbing, flooring, more.
 
23:48  Under-market rent amounts.
 
24:40  Warehousing of materials creates efficiencies.
 
25:49  Communication.
 
29:07  A larger pool of tenants to select from.
 
 
Resources Mentioned:
 
 
 
 
 

Transcript

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0:00.0

Get Rich Education is brought to by Norrida Real Estate Corporate Direct and Ridge Lending Group.

0:08.6

Cash flow real estate investors. This is Get Rich Education's Keith Weinhold. Did you know that you can finance up to 35 income properties all with one lender?

0:18.4

Ridge Lending Group specializes in investment property loans,

0:22.4

and they do it in almost every U.S. state. Ridge has worked with tens of thousands of real

0:27.6

estate investors and homeowners all over the country. They've been doing this for investors

0:32.1

for so long that at this point, they've helped more families realize their dreams of becoming

0:37.4

real estate investors

0:38.3

than any other mortgage lender in the country. To find out more, visit ridglinggroup.com.

0:51.1

Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires than anything else, and can provide you with more wealth and happiness than you ever thought possible.

1:09.6

Now, here's your host, investor, entrepreneur,

1:13.6

business owner, and educator, Keith Weinhold.

1:20.7

Hey, welcome to GRE. This is Get Rich Education, Episode 109. I'm your host, Keith Weinhold.

1:27.1

With listeners in 172 nations, I'm back to

1:30.4

help you build durable streams of wealth with an abundance mindset because the scarcity mentality

1:36.4

is abundant and the abundance mentality is scarce. If you're rearranging your schedule tomorrow

1:42.4

because that's the day when there's buy one jar of pickles, get one free at the grocery store, or some zero impact nonsense like that, then this is not the show for you. Why live even one day of your life below your means? Use those same energies to instead expand your means and you'll live a life even better than you ever

2:02.7

thought you could. Today we're talking turnkey real estate investing with Mid-South homebuyers

2:07.8

Terry Kerr and Liz Nallon in Memphis, Tennessee, the longtime capital of United States

2:13.6

cash flow, passive income that will make a positive difference in your life.

2:18.9

Next week I'm going to do, well, you and I are going to be in for a chat where I've got,

2:24.6

I guess, a rather emotional show next week. I'm going to be on the microphone all by myself,

2:30.0

and you and I are going to get, well, rather personal and, gee, maybe even emotional together.

...

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