The REAL Way Turnkey Investors Make Money in 2025 with Terry Kerr | Path of Progress Ep 52

In this episode of Path of Progress, Alex Kononov sits down with turnkey legend Terry Kerr — the founder behind Mid-South Homebuyers and Mid-South Best Rentals. Terry started with nothing but a borrowed toolbox and a Honda Civic, and built one of the most respected vertically integrated operations in the country.Today, his team has:🏠 Renovated & sold over 5,800 homes🏢 Manages nearly 6,000 rental units👷‍♂️ Runs 12 departments, a full warehouse, and 200 subcontractors🔧 And operates one of the most efficient hardware + construction supply systems in real estateThis episode is a masterclass on operations, scaling, management, team-building, and long-term vision. Terry breaks down how he vertically integrated flipping, management, maintenance, construction, materials, labor, and culture into one powerhouse ecosystem across Memphis & Little Rock.Whether you're a beginner, a landlord, a flipper, or thinking about scaling into serious real estate operations — this episode gives you a blueprint you won't find anywhere else.📌 Key Takeaways✅ How Terry scaled from 1 rehab → 5,800+ managed units✅ Why Memphis & Little Rock became ideal cash-flow markets✅ How vertical integration exploded efficiency & profits✅ The warehouse system that eliminated drive-time & delays✅ Why hitting singles builds long-term empires✅ How to keep residents for 4+ years (double the city average)✅ The real reason property management makes or breaks deals✅ How to forecast labor, materials & capital at scale✅ How to hire, delegate, and create true ownership culture✅ The secret to keeping turnover low and resident satisfaction high✅ Why every vendor must feel: “I would do that deal again.”✅ How Mid-South built 12 departments and 45,000 sq ft of supply chain✅ The mindset shift that took Terry from burnout → systems📚 Book Recommendation– The Science of Getting Rich by Wallace Wattles🌐 Connect with Terry Kerr🏠 Website → https://midsouthhomebuyers.com/💼 Facebook → https://www.facebook.com/people/Mid-South-Homebuyers-Inc/100057060956060/📺 YouTube → https://www.youtube.com/@Rehab2Riches🎧 Listen & Watch the Full Episode📺 YouTube → https://youtu.be/LVl9Ibjuv6k🎧 Spotify🎧 Apple Podcasts → https://podcasts.apple.com/us/podcast/path-of-progress/id1782550599🙌 Stay Connected📲 Follow us:Instagram → https://www.instagram.com/pathofpro/#Facebook → https://www.facebook.com/pathofpro/LinkedIn → https://www.linkedin.com/in/pathofpro/TikTok → https://www.tiktok.com/@pathofpro#PathOfProgress #TerryKerr #AlexKononov #TurnkeyRealEstate#MidSouthHomebuyers #MemphisRealEstate #LittleRockRealEstate#VerticalIntegration #PropertyManagement #CashflowInvesting#RealEstateSystems #AffordableHousing #ResidentExperience