The Easiest Way To Invest In Rentals With Terry Kerr & Liz Nowlin (Ep 491)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.9 • 805 Ratings

🗓️ 15 October 2024

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Terry Kerr and Liz Nowlin of MidSouth Home Buyers share how they help people invest in rentals by doing all the work for them.

They find a distressed property, do a full renovation, find a well-qualified resident, and then sell the property to an investor.

MidSouth also continues to manage the properties for their investors after the sale.

Everything Is completely done for the investor.

Do you think it sounds too good to be true?

It's not. Dan Lane has bought four properties from Terry and Liz over the last seven years and has had a great experience.

On this episode, we go into detail about exactly how this works; we also talk about what the neighborhoods and what the properties are like, the guarantees that come with every property, and the little details that MidSouth does to help make the investment profitable.

Dan also shares his experience and we look at one of his rentals and go over the numbers.

https://rentalincomepodcast.com/episode491

Midsouth Home Buyers

Thanks To Our Sponsor:

Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing.

Transcript

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0:00.0	Inspiring interviews with today's top landlords.
0:04.7	This is the rental income podcast.
0:07.6	And now, Dan Lane.
0:09.8	About seven years ago, I was interested in diversifying my rental portfolio a bit and
0:15.5	buying a few properties at a state.
0:17.7	And my guests on the show today helped me do it.
0:24.3	Terry, you run a really incredible company called Mid-South Homebuyers. Can you walk us through what your company does? Sure, sure. So we are a
0:32.0	turnkey real estate seller. And at its heart, what that means is we buy distressed properties we do a full-blown
0:39.6	top-to-bottom gut job renovation we place a well-qualified resident in the property and then
0:47.1	we sell those houses to our repeat investor buyers that are looking for a cash-flowing investment
0:53.9	property and we manage those properties for
0:56.8	the investors that purchase from us for the long term. I've bought four properties from Terry.
1:02.1	And honestly, it's the easiest thing I've ever done. Terry and his team literally take care
1:07.1	of every little detail. On the podcast today, we're going to see what it's like to buy an out-of-state turnkey property.
1:13.7	We'll talk about what Terry's properties are like, what the neighborhoods are like.
1:17.5	We'll talk about the little things that they do to make sure that their properties are profitable.
1:22.4	And we'll take a look at one of my deals and go over all my numbers.
1:26.6	Joining us on the show today from Memphis, Tennessee,
1:29.8	are Terry Kerr and Liz Nallan. We'll take a quick break to thank our sponsors. We'll come right
1:35.4	back and we'll talk to Terry and Liz. It's a lot of work to find a really good rental property.
1:40.5	And when you actually find that property, you want to make sure you're working with a lender
1:44.2	that can get that loan closed. The lender that I recommend is Chaley Ridge from Ridge Lending Group.
	...

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