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Discover how to create another income stream with a durable asset like real estate in Memphis, Tennessee, and not have to do the work on your own.
Listen to this week’s show and learn:
00:38  Most people only have one income stream in their life. Learn why to establish more than one.
01:57  Keith explains “turnkey real estate investing”.
03:37  Interview with Terry Kerr of Memphis, TN’s Mid South Home Buyers begins. 
05:30  Memphis, Tennessee’s economic and demographic makeup is what makes it a strong income real estate market. This is largely due to the fact that Memphis is the United States’ distribution hub.
08:16  The character of Memphis properties, and their rent-to-value ratios.
12:39  Availability of financing for Memphis turnkey properties.
13:50  Terry describes how there are efficiencies in having one company both provide and manage the property for investors.
16:04  The available inventory level of Memphis investment properties.
18:33  Tennessee’s Landlord-Tenant Law and how that is advantageous for out-of-area investors.
21:25  What makes for a good Property Manager is communication.
22:24  What gives Mid South Home Buyers a property management advantage is slightly below-market rents, better-condition homes, they do not charge the tenants an application fee, and they handle maintenance issues promptly. This attracts and retains higher quality tenants.
24:38  Current occupancy of the 875 houses in their management portfolio is 98.4%.
25:32  Mid South Home Buyers have an ongoing inspection schedule of their managed properties.
29:27  Terry states that the Property Manager is more important than the property itself.
31:12  Keith estimates how small the out-of-pocket costs are for an investor buying turnkey real estate in Memphis.
31:58  Mid South Home Buyers has warranties for investors on their turnkey properties.
32:50  Send Get Rich Education a message through our Facebook Page Messenger with what you most want to hear on future episodes. You can even tell us what you want us to ask guests.
 
Resources mentioned:
www.MidSouthHomeBuyers.com