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Updated 10 months ago on . Most recent reply

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Jeff White
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1
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How do I get to my 2nd door?

Jeff White
Posted

I stumbled into my 1st deal when my parents' neighbors decided to move and preferred to sell off market. My primary house became my 1st rental and thankfully is a great, cash flowing single family 3/2.

But now I'm stuck! I'm in a fairly rural area (1 hr+ from Nashville or Chattanooga) and somewhat new here as well. I haven't really heard about investing in the area, haven't found any local realtors or lenders that are "investor friendly," and I'm not sure I have enough equity (or cash) to finance a brrrr (or similar project). 

Any thoughts or observations would be welcome. 

Thanks in advance to everyone on the bp forum. What a great community! 

Jeff

Most Popular Reply

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1,409
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Ellis San Jose
  • Rental Property Investor
  • Westlake Village, CA
776
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1,409
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Ellis San Jose
  • Rental Property Investor
  • Westlake Village, CA
Replied

Turn your perceived challenge into your advantage. If you are in a fairly rural area I would imagine there aren't a lot of investors marketing to your area. You have an automatic edge.  Search property data for properties with high equity & perhaps out of area owners or elderly owners & contact them to introduce yourself as a local hoping to find another rental property.

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