All Forum Posts by: Douglas Skipworth

If I were starting out in Chicago today, I would reach out to @Mark Ainley. He's got the #1 investor podcast in your area, his property management company is first rate, and he's a great guy. Best of luck!

We used to do pet deposits, but now we collect a one-time "pet fee" upfront that is designated for damage repair and cleaning on the back end.  The pet owners understand (and it is one less deposit to account for).

@Engelo Rumora, when are you going to come back and visit us in Memphis?!  It's been too long.

Hey, Michael, I'm a big investor in Memphis.  I'm just curious, where have you been reading that it's becoming saturated with rentals? I'm always looking for more info about the market.

What's the worst real estate decision you ever made?  I shared one of mine on the Investor's Guide to Memphis Real Estate last week.

Are you considering using a wholesaler to buy real estate? In Memphis, we suggest using an agent to bridge the gap and protect your purchase.

If you're looking for property in Memphis, check out CrestCore Realty's deal of the week in 38122.

Here's a 60-second overview of how I turned the 1% rule into the 2% rule over the past decade in Memphis (using show sponsor CrestCore Realty for property management!)!

Be sure you understand what the 1% rule is and what it isn't, especially if you're investing in buy and holds in Memphis.

Be careful because in some neighborhoods in Memphis the 1% rule does not work.