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All Forum Posts by: Douglas Skipworth

Douglas Skipworth has started 239 posts and replied 1317 times.

Post: New Deal of the Week (Memphis 38118)

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,394
  • Votes 1,177

If you're looking for a Deal of the Week in Memphis, here's the latest from @Dean Harris of CrestCore Realty.

Post: Can you list a property for sale with a renter still in it?

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,394
  • Votes 1,177

Have you ever wondered if you list a property for sale with a renter still in it?  The short answer is yes.  We do it all the time in Memphis.

Post: Do you prefer MLS listings or off market deals?

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,394
  • Votes 1,177

As a seller, I prefer the MLS over off market, especially in Memphis. I've done both and find that I have consistently netted more money from selling via MLS (even after paying @Dean Harris a sales commission!).  Is your experience different than mine?

Post: I've mismanaged properties, but I haven't let that define me

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,394
  • Votes 1,177

In this episode, @Dean Harris and I talk about how we've overcome mistakes we've made in managing our buy and hold rentals in Memphis.

Post: Paying for the same work 3 times!

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,394
  • 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 1,394
  • 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 1,394
  • 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 1,394
  • 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 1,394
  • 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 1,394
  • 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.