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Updated 11 months ago on . Most recent reply
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First time homebuyer...looking to house hack!
Hello! Very excited to join this community. Just married and looking to start my real estate journey in the next 24 months here in Nashville.
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- Real Estate Agent
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Quote from @Sam Killian:
Hello! Very excited to join this community. Just married and looking to start my real estate journey in the next 24 months here in Nashville.
Welcome. What's the goal? Househacking by the bedroom? As a duplex? SFH with a separate basement space to Airbnb/STR?
If Nashville is like Denver or Colorado Springs where we work, then duplexes are tougher to come by in good condition, so maybe a home with carriage house or separate basement space?
The best money is rent-by-the-room. I've had clients in Denver that found. 6br place, pulled in an average of $850/room and lived for free. Different rate environment, but the rent-by-the-room is the quickest way to buy and save toward the second, third, fourth.
I'm guessing either your new wife (congrats!!!) or you are opposed to roommates (one of a duo is always less enthused). I think the basement space is th easiest way to get into the market. Tons of SFH with potential separate spaces. Offset your mortgage a bit, save that money, save more, save more, and repeat in a few years.
Good luck!!!
- James Carlson
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