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Updated over 2 years ago,
Looking for my first property in TN
Hello Bigger Pockets members, I need your help. I’m looking for a 4 bedroom, 4+ bathroom home to do the Bigger Pocket's Rent by Room House Hack Stack, as seen in this YouTube video:
Price 400 to 700k. Good neighborhood and on a good street. Safe and with good schools.
Will be FHA loan with 3.5% down.
Enough parking for 4+ cars. No HOA.
Close to the 1% rule and positive cash flow using slightly below market rent numbers.
I don’t mind some cosmetic repairs but nothing serious. Not a ton of grass.
I have been reading about real estate investing for many years and did just one house flip a couple of years ago. So I'm a total newbie. I am a healthcare worker with high income and credit score is currently 780. Am ready to begin my rental portfolio. I like TN because of the low taxes and I spent a day in Knoxville and loved the energy.
Please let me know if you see any properties that meet that description.
I look forward to working with you!
Joe