All Forum Posts by: Douglas Skipworth

Quote from @V.G Jason:

Quote from @Douglas Skipworth:

Quote from @V.G Jason:

Memphis is trash. I'd opt for Chattanooga. 

I haven't invested in Chattanooga (yet!), but I've made a fortune in Memphis and know a bunch of other people who have done really well investing here. As they say, one man's trash is another man's treasure!

Fortune means different to some of us, you're not making what I view as a fortune in a low barrier to entry area. Just doesn't have that kind of return or volatility. Your %s may be high, but absolute value is just low. I want high absolute value. 

I'm genuinely interested in your comment, V.G Jason.

I think of absolute value as buying the future cash flows of a single asset (preferably at a discount!).

I'm curious how you are using absolute value to build wealth. Are you saying you'd rather buy one $1MM asset than ten $100K assets (assuming the same cash flows)? If so, I can understand where you're coming from.

As far as fortune goes, I'm just a simple accounting (CPA) and finance (CFA) nerd who thinks about a fortune in terms of financial wealth (that is, assets, equity, revenue, and profits). I've been able to substantially increase all 4 of those while investing in Memphis real estate over the past 20 years, which is why I'm bullish on investing here.

If you're looking for a BRRRR in Memphis, check out this property in 38127.

If you're looking for more deals (or just want to learn more about buy and hold, fix and flip, SFR, turnkey, small multifamily, or hard money loans) in Memphis, please subscribe on YouTube or Facebook. Each week @Dean Harris and I cover it all!

If you're looking for a real-time update on the Memphis market, look no further!

If you want to learn more about trends in our market (or about buy and hold, fix and flip, SFR, turnkey, small multifamily, or hard money loans in Memphis), please subscribe on YouTube or Facebook. Each week @Dean Harris and I cover it all!

Quote from @Junior Francica:

Quote from @Douglas Skipworth:

Quote from @V.G Jason:

Memphis is trash. I'd opt for Chattanooga. 

I haven't invested in Chattanooga (yet!), but I've made a fortune in Memphis and know a bunch of other people who have done really well investing here. As they say, one man's trash is another man's treasure!

 What have you invested in Memphis? rentals? Just starting my first flip here in Chatt and even though it's a little harder to find, still a lot of great flip opportunities. 

Congrats on your first flip!  When you're done be sure to post it in the completed deals section so others can learn from all of your success.

Yes, my investments have been mostly long-term buy and hold rentals. I'm not much of a flipper, though I have sold a bunch my rentals over the years and have helped a bunch of flippers buy and finance their projects. Thanks for asking, @Junior Francica!

If you self manage, how do you make sure your records and data are clean and thorough?

If you want to learn more about property management (or buy and hold, fix and flip, SFR, turnkey, small multifamily, or hard money loans) in Memphis, please subscribe on YouTube or Facebook. Each week @Dean Harris and I cover it all!

Special thanks to CrestCore property management for being a long-time sponsor of the show!

Here's why self managing can work against you when it comes time to sell your property.

If you want to learn more about selling properties (or about buy and hold, fix and flip, SFR, turnkey, small multifamily, hard money loans, or property management in Memphis), please subscribe on YouTube or Facebook. Each week @Dean Harris and I cover it all!

Quote from @V.G Jason:

Memphis is trash. I'd opt for Chattanooga. 

I haven't invested in Chattanooga (yet!), but I've made a fortune in Memphis and know a bunch of other people who have done really well investing here. As they say, one man's trash is another man's treasure!

If you are selling a property today, do these things right now to get the property sold.

If you want to learn more about selling properties (or about buy and hold, fix and flip,SFR, turnkey, small multifamily, hard money loans, or property management in Memphis), please subscribe on YouTube or Facebook. Each week @Dean Harris and I cover it all!

If you're selling a property right now, here's a deep dive into what you need to do to get it sold ASAP at full price!

If you want to learn more about selling properties (or about buy and hold, fix and flip, SFR, turnkey, small multifamily, hard money loans, or property management in Memphis), please subscribe on YouTube or Facebook. Each week @Dean Harris and I cover it all!

If you're looking to BRRRR in Memphis, this is a great opportunity!

Reach out to @Dean Harris if you want to make an offer!