Nashville Newbie

[Nathan Wandell]

Hello everyone,

I live south of Nashville, TN and I stumbled across BP a few months ago when I began listening to the podcasts on the way to and from work. 

My wife and I are new realtors. She is working real estate full time and I work in IT sales until we can get the RE gig up and running. I am looking for direction on moving to a new home and putting our current home up for rent. 

We purchased our home at the perfect time in 2013, so that now after almost 3 years it has seen some good appreciation. We've got a very low interest rate (3.25) and want to hold on to it as a long term rental investment. We figure, conservatively after a few upgrades, that we can make approximately $200-$300 on the home/month after expenses.

Any thoughts on this strategy? Pitfalls to avoid? Tips to maximize cash flow?

I've loved listening to all the insights offered through the podcast and look forward to extending the conversation here.

Nathan Wandell