All Forum Posts by: Douglas Skipworth

Great event this morning, @Richey Ward!  Thanks for providing the opportunity for Memphis investors to connect.

I always have a good time meeting up with fellow investors and local vendors.

(Full disclosure, I am one of the founders of CoreLend and they are a sponsor of our weekly podcast, The Investor's Guide to Memphis Real Estate with @Dean Harris of CrestCore Realty.)

Hey, @Richey Ward. I plan to be there.  The past few events have been really great for connecting with local vendors, other Memphis investors, and you and the CoreLend team.

(Full disclosure, I am one of the founders of CoreLend and they are a sponsor of our weekly podcast, The Investor's Guide to Memphis Real Estate with @Dean Harris of CrestCore Realty.)

Hi, @Chris Peregoy.

We often see investors in Memphis use a hard money loan to meet the 90-day seasoning period that some DSCR have. The investors then finance the max LTV with the DSCR lender to get their investment dollars back. Not surprisingly, the 2 keys to being successful with this approach are (1) getting into the property for as little all-in money as possible and (2) maximizing the appraised value.

You are thinking like a savvy investor!

@Dean Harris makes an interesting observation about off market deals in Memphis right now. Is his 20-year perspective spot on or totally off base?

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 check out our podcast on YouTube, Instagram, Apple Podcasts, Spotify, etc. Each week, Dean and I cover it all!

Special thanks to show sponsors CoreLend Financial and CrestCore Realty and to our buyers agent @Allie McAlister!

(Full disclosure, I am one of the founders of CoreLend and CrestCore and use them all of the time for my own investment properties!)

Thanks for sharing this clip, @Richey Ward.

A cash-out refinance can be really good if you're disciplined enough to use the extra cash for investment purposes and if the monthly cash flow supports the monthly payment.

Typically, I only refinance the amount owed, but that leaves untapped equity in the property.  

However, once I did a major cash out refi in Memphis and it literally changed my life. I might do one again someday, but it'd probably be a once a decade kind of thing, I think.

(Full disclosure, I am one of the founders of CoreLend and they are a sponsor of our weekly podcast, The Investor's Guide to Memphis Real Estate with @Dean Harris of CrestCore Realty.)

Great post, @Michael Carbonare!  

Two weeks ago, @Dean Harris and I dedicated an entire Memphis podcast to "Market Shift." 

We are seeing (and saying) the same thing you are. Times are changing. Be alert!

When it comes to funding properties, in addition to short-term and long-term loans, the third category I think about is cash/lines of credit (I group them separately since neither of typically require the property to be used as collateral).

This is a really good topic, @Richey Ward.

(Full disclosure, I am one of the founders of CoreLend and they are a sponsor of our weekly podcast, The Investor's Guide to Memphis Real Estate with @Dean Harris of CrestCore Realty.)

@Richey Ward, thanks for hosting the Memphis investor meet up again today. It was a good time to connect with other investors and several local vendors!

(Full disclosure, I am one of the founders of CoreLend and they are a sponsor of our weekly podcast, The Investor's Guide to Memphis Real Estate with @Dean Harris of CrestCore Realty.)

@Richey Ward, I think it's classy that CoreLend promotes its borrowers' properties in Memphis. I think that's one of the nice touches that emphasizes your "partnership" approach and separates you from other lenders.

(Full disclosure, I am one of the founders of CoreLend. I use their loans and they sponsor our weekly podcast, The Investor's Guide to Memphis Real Estate with @Dean Harris of CrestCore Realty.)

Great episode, @Richey Ward!  Will Griffin, Jr. is probably the best real estate attorney for Memphis investors. His experience and expertise are second to none.

(Full disclosure, I am one of the founders of CoreLend.  CoreLend and Will Griffin, Jr. are both sponsors of our weekly podcast, The Investor's Guide to Memphis Real Estate with @Dean Harris of CrestCore Realty.)