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Updated over 8 years ago on . Most recent reply

User Stats

51
Posts
7
Votes
Sean Kelly
  • Property Manager
  • Nashville, TN
7
Votes |
51
Posts

Nashville

Sean Kelly
  • Property Manager
  • Nashville, TN
Posted

I'm awesome

Work in Music Business full time at WME/IMG and am a licensed Real Estate Agent

Got my license to purchase my second home, to turn my first home into a rental--which is currently worth over 2x what I paid for it and cash-flow it $1200/mo

Looking to purchase addl. rental properties a la BRRRR and other means

trying to figure out if i should cash out to buy addl. properties, HELOC it to leverage addl. capital, etc.

  • Sean Kelly
  • Most Popular Reply

    User Stats

    21
    Posts
    10
    Votes
    Sandra Hale
    • Hendersonville, TN
    10
    Votes |
    21
    Posts
    Sandra Hale
    • Hendersonville, TN
    Replied

    Learn about the concept of compounding and leveraging. If you have HELOC, you can use $ to pay for down payments on additional properties. You will need some reserves to cover notes/rents if the renters default. Join the Nashville REIN and attend Deals, Deals, Deals meetings and Landlord focus group. It is only 149 per year, a super bargain and great group. There are experienced investors who have done this and are happy to help you and share experiences with you.

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