Beginner Real Estate Investor - Nashville Plan

[Scott Anderle]

Hey Guys! 

I thought it best for me to take the leap and make my first post. I want to state my goal and plan of action, and get any advice and see if there are any people I can connect with. Always looking to learn and work!

I started off as a rockstar. After college we did a little touring in the southeast and released two albums. Now that my band has broken up, I'm looking to build wealth and invest in the next generation of rockstars. I want to teach them the stuff I wish I had known when I started.

The Dream: I want to own 30 properties. 

• Longterm rentals in greater Nashville area (considering Spring Hill)

• Short term vacation properties in the Southeast (Houston, Orlando, Atlanta, Savannah, Chattanooga). 

• Owning triplexes where I rent two units out to bands, and convert the third unit to be a practice/studio space. I want to make this a living community of aspiring rockstars to be surrounding, inspired and challenged. 

The Plan

• Pay Off Debt - All I have left is 30k of student loans. 
• Buy Duplex - I want to flip a duplex, live in one half and rent the other. This would be a small start and practical.
• Buy House - After living in Duplex (for probably 1-2 years), I want to buy a house with a basement that I can rent out. Ideally I would love for this house to have a big enough yard to have a cool vacation property. Flip an Airstream or Cargo Freight. 
• Mini Venue - Promoting Concerts is one of my specialties, and I would love to combine that with real estate. I want to build an additional room, that can hold a max of 50-75 people crammed. I want to work with new bands, to do an intimate show once a month. I would promote the show, and give the band a space to play for free. The idea is that every month, we would decorate the room to have a different theme. Doing a show once a month, I could make an extra $350-500 as a house hack.
• Expand The Empire - Once I get the hang of my two properties I want to start buying potential vacation properties in the South East or properties in the greater Nashville area
• Rockstar Investment - Once I have established 30 properties and am doing real estate full time, I want to do the triplex(es) and offer special rates for touring bands for my vacation homes. 

This Year

I quit my job in downtown Nashville to work full time in downtown Franklin. I will now be saving at least $250 a month on gas and parking, which is $3,000 a year! 

My estimated income is $49k-$51k + my wife's income. 

I plan to pay off the last of my student loans between September 2019 - January 2020. 

I am worried that quitting a job I worked at for nearly 2 years will make it harder when proving my income for a loan. Even if my job change was for an increase income and more savings.

My real estate mentor and supportive family have urged me to try and buy a duplex now instead of waiting to pay off my student debt. They say that student debt does not affect my credit, and that I should get started in REI now and not wait.

Thoughts, advice? Are there any people in the Nashville area that would want to meet up?

Thanks for reading all of this, and any thoughts are much appreciated.