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All Forum Posts by: Douglas Skipworth

Douglas Skipworth has started 238 posts and replied 1313 times.

Post: Paying for the same work 3 times!

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,390
  • Votes 1,177

Have you ever paid for the same work 3 times? @Dean Harris and I have, and, believe me, it's the worst.  

If you want avoid the mistakes we've made in Memphis, please subscribe on YouTube or Facebook. Each week, we cover it all from fix & flip and buy and hold to property management and hard money loans

Post: Seeking hard money lenders recommendations

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,390
  • Votes 1,177

Hi, Tiffany.

Congrats on starting your first fix and flip!

@Raysean Branch at CoreLend Financial is a great resource for Memphis and Eastern AR hard money loans.

Post: Do you use rent escalators on multi-year leases?

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,390
  • Votes 1,177

Do you use automatic rent increases for leases over 24 months?  I do now (since I learned the hard way in Memphis).

Post: Is it possible to get out of a bad real estate situation?

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,390
  • Votes 1,177

Can you get out of a bad real estate situation and still make real estate work for you?  @Dean Harris and I believe you can if you have the right help.

Post: New Deal of the Week (Memphis 38127)

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,390
  • Votes 1,177

If you're looking for a buy and hold rental in Memphis, check out the latest Deal of the Week from @Dean Harris.

Post: Do vendors lie to you?

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,390
  • Votes 1,177

Do people on your team lie to you?  If they do, you need to replace them.  Real estate investing is a team sport, especially in Memphis, and you need dependable teammates.

Post: Is real estate investing a team sport?

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,390
  • Votes 1,177

Financial leverage is great, but people leverage is probably the greatest tool an investor has. 

A real estate investing dream team will get you farther than you ever imagined is possible!

Contact @Dean Harris or me today if you need real estate investing help in Memphis. We want to be part of your team!

Post: Another big EV plant is coming to Memphis

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,390
  • Votes 1,177
Quote from @Jordan Ray:
Quote from @Douglas Skipworth:

If you're interested in Memphis and haven't seen this, you need to learn more about it. 

From the Wall Street Journal...

"The plant in Mississippi’s Marshall County, south of Memphis, Tenn., will be the nation’s largest dedicated to batteries for commercial vehicles, with initial output projected to be enough batteries annually to power more than 40,000 medium- and heavy-duty trucks."


Thats great news! Is there a place where yall are keeping up with new developments?


I get most of my Memphis news from the Daily Memphian and some from the Memphis Business Journal.  If I were only investing in one of those, I'd subscribe to the Daily Memphian. 

There are other options out there, too, like Memphis Magazine, but, in my experience, you can get 99% of the Memphis news just by reading the headlines of the Daily Memphian each morning.

Post: Another big EV plant is coming to Memphis

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,390
  • Votes 1,177

If you're interested in Memphis and haven't seen this, you need to learn more about it. 

From the Wall Street Journal...

"The plant in Mississippi’s Marshall County, south of Memphis, Tenn., will be the nation’s largest dedicated to batteries for commercial vehicles, with initial output projected to be enough batteries annually to power more than 40,000 medium- and heavy-duty trucks."

Post: What are the best ways to learn?

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,390
  • Votes 1,177

How do you learn about real estate?  Listen to @Dean Harris tell me in less than 1 minute how learning from your peers is one of the most powerful ways to learn, especially if you're buying and holding in Memphis.