Learning the market in Knoxville, Tennessee

[Matt Little]

Hi all - I've been learning all I can by looking at houses most weekends, reading books,and listening to podcasts for a few months now and am looking to do my first deal in 2016. I signed up for BP because I realize there is a lot I can learn from other's experience that will take much longer to learn from books. I am focusing on learning the North Knoxville market. I've made a couple of offers and gotten outbid but I’m sticking to my numbers and being patient since my goal is to do just one transaction this year. I don't have that much money to work with yet so I’m planning to do my first deal with 20-25K in cash. I'm open to a single family home (flip or rent depending on the individual deal) or a duplex.

I'm an accountant so the main strengths I bring to the table are budgeting and analyzing. I'm good at making presentations also. I would be happy to lend those strengths to an experienced investor in exchange for you teaching me some other aspects of the business.

Anyone who would like to network or share some advice please feel free!

[Christopher B.]

You do monthly bookkeeping? I like to barter and I hate bookkeeping, it's why I chose finance over accounting in school. North Knox is a good area, I personally live in Fountain City. What exactly are you looking to do with your $25k? Invest in a deal with someone, use it with other financing to acquire and renovate?