Memphis Real Estate Investing

Why Do It?

Perils, Pitfalls, and Promises

Buying investment real estate from a wholesaler can seem, at times, like a good idea.  I should know – I was a full time wholesaler for the past 3.5 years, and founded one of the top wholesale companies in the Mid South.  Anyway, I know wholesaling – but the question is, do you?

Wholesaling is essentially buying a property not from a licensed broker or Realtor, but from an individual who usually controls the property through a Purchase and Sale Agreement.  The difference is, essentially, that when you buy from a wholesaler you are not buying it at cost: you are buying it at their cost plus a premium markup.

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Analyzing Real Estate Prospects

In the statistical world, or more specifically the world of probability, the term ‘risk of ruin’ is usually defined in terms as the threshold chance that someone’s risk of loss exists(relative to their current financial/investing pursuit), in as much that if they were to suffer large and prolonged losses over a period of time, their capital base would be eroded to the point where it would be highly unlikely that they could continue their financial endeavors with any chance of success.  This article is not a primer in statistical probability, but for the sake of this article it is helpful to understand what this term means a bit more to see its application for today’s modern real estate investor. Read the rest of this entry »

1.) To follow the path, look to the master,

Follow the master, walk with the master.

See through the master, become the master.

2.) From the withered tree, a flower blooms

-Zen Proverbs

Day I

What is interesting to me, and I mean really interesting, is that the more we become connected as a global society, and the more that information becomes freely available through the internet, the harder it is to find people that are not only true experts in their chosen discipline, but who are also able to teach their subject matter with great facility and in doing so create a student who is ultimately capable of emulating their success.  Listeners of my radio show know that, whenever people offer to be your ‘mentor’ without you asking, you need to run the other way.  Along these lines I have found, personally, that it is hard to find people who lead by example and have integrity.  Knowing this, Read the rest of this entry »

Shannon Feol, Guest Contributor

Shannon Feol, Guest contributor

We had a busy but great day yesterday.  Robert had Don Derosa and Pete Youngs on the radio show yesterday morning.  They spoke a lot about private lending – which is getting ever so popular these days, and had quite a few callers.  Don and Pete have a huge event coming up on September 30th in Atlanta called Investor Bonanza, a 5-day investor boot-camp.  Robert will be there to emcee.  Should be a POWERFUL event!  Listen to the latest show here:  http://www.wrecradio.com/pages/expert.html

Meanwhile, I was getting ready for the investing workshop yesterday afternoon.  Robert, Jim Reedy, and Craig Jennings shared the microphone and talked about getting started in real estate, building a power team,  and financial goal setting.  We had about 45 attendees and a catered lunch, and we got some great feedback.  Save-1-Pets, a local animal rescue group, was there with two dogs and a cat and we took donations to help their organization.  We raised over $800!  We had about 45 people in attendance, saw some familiar faces and a lot of new ones.  I am looking forward to following up on Monday with new contacts I made at the meeting!

We will have another workshop next month, date TBA.   Read the rest of this entry »

Pieces of the Puzzle: Community Education Workshop Series

Introduction to the Fundamentals of Real Estate Investing and Financial Goal Setting

Robert Feol and Jim Reedy, Instructors

The fundamentals of real estate investing form the core of a successful investing experience.  As such, it is critical that potential investors set themselves up with a knowledge based foundation for success.  It seems like, with the advent of today’s glitzy infomercials, there are very few opportunities to get real knowledge without some type of substantial cost or hidden strings.  Robert and Jim continue their community education workshop series by focusing on the foundation of real estate investing and financial goal setting, asking and answering questions such as:

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Interestingly enough, I happened to notice a “For Sale By Owner” sign across the street from my primary residence.  This is not really news, except for the fact that the median home price in my neighborhood is about 160k and they were asking 250k.

While I am of the school that thinks “getting the price you are asking for a home will happen just because you say so” is over, I went to the open house they were having to see if there was an opportunity of any kind.  Call me a real estate nerd if you will, but I like to find deals.

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