#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.
29:07 A larger pool of tenants to select from.