Marshall Reddick Real Estate Network Finishes First Year of Restructuring with New Focus and Revised Practice Proceduresrn" Real Estate Network undergoes complete restructure after filing Chapter 11
Online PR News – 15-December-2011 – – Marshall Reddick Real Estate NETWORK FINISHES FIRST YEAR OF RESTRUCTURING WITH NEW FOCUS AND REVISED PRACTICE PROCEDURES
• Real Estate Network undergoes complete restructure after filing Chapter 11
ORANGE COUNTY, Calif. - Marshall Reddick Real Estate Network, one of the largest real estate networks in the United States, has completed its first year of a five-year restructure with a new focus and stringent updated practice procedures. The network underwent a thorough restructuring after filing for Chapter 11 in 2009.
"This complete restructure of the firm has allowed us to hire an entirely new group of professionals, implement rigorous checks and balances that accommodate the ever-changing real estate conditions, and move forward in facilitating new practices to educate the next generation of investors to be more knowledgeable," explained Ross Nelson, Director of Operations for the Marshall Reddick Real Estate Network. "We are focused on educating investors to the risks and rewards of investing in real estate, while providing extensive tools and resources to help them understand the ins and outs of long-term, profitable Real Estate Investing."
The Marshall Reddick Real Estate Network created a revised practice guide for new employees to educate new investors of the risks associated with real estate, as well as to focus on a very strict positive cash flow model for site selection. The firm aims to simplify the process of real estate investment and is focused on education-centric initiatives.
"In my more than 32 years in business, I have never seen a cycle come out of a recession with such a preferable investment environment for residential real estate," explained Dr. Reddick, founder of the Marshall Reddick Real Estate Network. "Interest rates and purchase prices have come together with such force simultaneously that investors are able to purchase high-quality homes in great neighborhoods with strong positive cash flow and returns. People are always attracted to the returns on paper for C class, low income properties, but today you are seeing those same attractive returns on A class properties in high-quality neighborhoods."
The firm also underwent a complete change in management during the restructuring, with only two employees from the former company still working at the firm. The Marshall Reddick Real Estate Network is hiring personnel who bring different real estate backgrounds to help develop new tools and resources for outreach and business development.
"After the Chapter 11 restructuring, the Marshall Reddick Real Estate Network is like a 30-year-old start-up company with a completely new team, fresh focus on education and is actively developing new resources and tools for past and new investors to give them the opportunity for growth and security," added Nelson. "Many companies struggled with the real estate bubble popping, and we were not immune. The Marshall Reddick Real Estate Network is here to help investors of all ages and experience levels interested in the real estate market with low risk, high return properties and an easy-to-understand process that allows them to be financially independent."
The network is far more than a place to come and purchase quality real estate investments. The network was created to harvest an environment for individuals to be a part of a community of members from students learning to purchase their first investment property to sophisticated landlords, as well as everyone in between. Members have access to utilizing education tools such as classes, networking, work books, excel performas, economic data and the firm's greatest asset, mentoring. Dr. Reddick contributes a large part of his success through the years on the strength in the relationships he has built. For this reason, MRREN's Real Estate Advisors advise members in the process of creating financial goals, providing accountability, as well as support and mentorship in purchasing, managing and growing ones real estate portfolio.
The Marshall Reddick Real Estate Network is focusing on detached single-family residences with four units or less for investors. The properties they target are below the median home price in their respective markets, with monthly rents being one percent or more of the purchase price. The markets the firm currently focuses on include San Antonio, Texas; Phoenix, Arizona; Las Vegas, Nevada; Toledo, Ohio; Kansas City, Missouri; Memphis, Tennessee; and Atlanta, Georgia. With its strict parameters on location, quality, and cash flow, the company will only expand into other markets that meet strict criteria.
About Marshall Reddick Real Estate Network
Marshall Reddick Real Estate Network (MRREN) is one of the largest real estate networks, offering free mentoring, complimentary Real Estate Education seminars throughout California and online events available to members nationwide. Founded in 1978, MRREN makes it possible for members to purchase investment property in the United States by providing access to top resources such as lenders, CPA's, insurance agents, real estate brokers, property managers, contractors and attorneys, as well as to industry leading tools, resources, and mentoring. The network currently has more than 50,000 members. More information is available at www.MRREN.com.