The Real Estate Guys™ are going to Memphis, Tennessee March 2nd thru 4th, 2012!!!
Ready to join us? Click here to download your registration form now.
Otherwise, read on and we’ll tell you all about it!
Setting the Tone – Our trips are EDUCATIONAL, so don’t worry about getting trapped in a room and getting hard closed to buy (we call this the “timeshare experience”).
Even though you’ll meet local market experts who’d love to do business with you, none of that happens on the trip. This is about exploring the market and meeting potential team members. If you like what you see, you can follow up afterwards. No pressure!
Trip Logistics
When you schedule your flight (please wait until we confirm your registration – sometimes we sell out), plan to arrive at the Memphis International Airport (MEM) on Friday in time to catch the airport shuttle to the hotel by 4:30 pm. Your registration includes your room, which will serve as home base for the weekend. We’ll tell you which hotel…and the secret handshake ;-)…after you’ve registered.
Friday night, you’ll meet your hosts (those handsome guys at the top of this page) and your fellow field trippers. We’ll have a market overview presentation (and a special guest speaker), then we’ll head out for dinner (included!). Then back to the hotel for some shuteye.
Saturday morning we’re up and at ‘em early. After a quick breakfast, we’re into the bus for a FULL day of touring the market. You’ll see a variety of neighborhoods and employment centers, and get an understanding for the overall health and vibrancy of the market.
You’ll meet a variety of experts on specific neighborhoods and property types. You’ll learn how to look for the telltale signs of opportunity (or danger!) at the neighborhood level. This is important because you don’t buy a market, you buy a neighborhood.
We emphasize single and multi-family residential because that’s what most people are interested in, but we’ll also see commercial and retail areas.
We keep the group small, so there’s ample time to ask questions and lots of interaction with the guest speakers, tour guides and your fellow field trippers. We cap the day off with a fun dinner and some tasty libations. Then back to the hotel for a nap.
Sunday morning is a lively interactive strategy session, some Q&A, and presentations from local experts.
By now, you’re brain is swollen with market knowledge, you heart is racing with excitement, and you’ve made a lot of new friends and strategic connections. You’ll get more done in one guided weekend than most people accomplish in multiple trips on their own!
So Why Memphis?
It’s no secret we date other markets. Each one has it’s own unique personality and attributes. And after the Great Recession (which we heard ended June 2009, but we must’ve missed the memo), it’s critically important to be careful and strategic when selecting markets. The volume, location and quality of the jobs in a local area is essential to long term rental property investing success.
To be safe, we like markets that have major job centers that are geographically linked to the area. That is, the primary employers can’t easily pack up and move to China, India or some other location where labor and land are less expensive.
Memphis has a great strategic location and infrastructure which makes it an ideal distribution hub. Maybe that’s why Fed Ex made it their HQ. And with low cost land, labor, no state tax, and close proximity to distribution, Memphis is attractive to U.S. manufacturers who want to stay in the U.S.
It’s also important to have the price-to-rent ratio be favorable to creating positive cash flow. This is important on so many levels, there isn’t time to describe it all! But you’re going to REALLY like the numbers in Memphis!
“Live where you want to live, but invest where the numbers make sense.” – Robert Helms
Also, Tennessee is one of only seven states with no state income tax. This is attractive to both businesses and retirees. If the U.S. economy continues to struggle, and as U.S. baby boomers try to retire on portfolios that have been wounded by the Great Recession, markets like Memphis have a very strong appeal – which you’ll understand when you see it with your own eyes.
We could go on and on (can you tell?), but a website isn’t a substitute for a field trip.
So what are you waiting for? Click here now to download your registration form and we’ll continue the lesson in Memphis!
