All Forum Posts by: Douglas Skipworth

If you want 100% financing for a short period of time, is getting a hard money loan worth it?  

Thanks to CoreLend Financial for sponsoring the "Investor's Guide to Memphis Real Estate" show each week. If you need money to buy property in Memphis, CoreLend funds buy and holds, fix and flips, bridge loans, new construction, STR, small multifamily, and double closings.

I thought this was a great Sep 2023 article in Fast Company about the redesigned park in downtown Memphis.

Tom Lee Park reconnects the city to its overlooked edge on the Mississippi River.

In my experience, there are always opportunities in Memphis for patient, long-term buy and hold investors. I've been investing here since 2002 and have a duplex under contract today!

The 2023 Memphis zip code breakdown is coming this week.

Subscribe to our "Investor's Guide to Memphis Real Estate" podcast to learn about the different neighborhoods in Memphis, TN.

Thanks for the shout out, @Darnell Walker!  As you know, the team at CrestCore property management has made a ton of positive changes since 2020 and it's making a big difference for clients like you and me and for all the renters.

Is this the best 30-second BRRRR strategy explanation ever or what?!

Buy, Rehab, Rent, Refinance, Repeat

If you want to BRRRR a property in Memphis, contact me or @Dean Harris (he's the BRRRR King of Memphis with over 100 properties listed for sale today that are BRRRR ready!).

During hard times, tenants always do these 4 things that benefit landlords.  Have you found this to be true in your experience?

Subscribe to our "Investor's Guide to Memphis Real Estate" podcast to get priceless information about build lasting wealth.

Are you familiar with the Rule of 72?

It says rents will double in 20 years if they continue to grow at 3.5% per year.

Subscribe to our "Investor's Guide to Memphis Real Estate" podcast for knowledge you can use today in building  your real estate business.

Closing in one week is incredible @Chris Seveney!  Anything less than 14 days is industry-leading as far as I can tell.  Getting lenders, borrowers, real estate agents, buyers, sellers, and closing attorneys moving fast in the same direction at the same time is rare in my experience (it seems that one of them always gets delayed for some reason or another). Even when I've bought with all cash it's been difficult to close in less than 7 days.

Thanks for sharing.

To do that consistently is very impressive @Jacob Wilhite. Sounds like you've developed a well-oiled funding machine at One Brokerage. Congrats!

What are some of the (shareable) secrets to your success?

Does it take your lender 30 days to close a loan?  15 days? A week?  A day?

What's the fastest funding cycle you've ever seen for getting a deal done?

Here's my answer and it will shock you!

Special shout out to CoreLend Financial for being a faithful sponsor of the "Investor's Guide to Memphis Real Estate" podcast! They fund STR, SFR buy and hold, fix and flips, new construction, BRRRR, and small multifamily properties with a mortgage.

If you need money to invest in Memphis real estate, visit CoreLend today or contact me directly and I'll help guide you in the right direction.