Chattanooga Native Looking to Connect/Invest in Rentals

[Clayton Ensminger]

Hi everyone im Clayton Ensminger a 46 yr old newbie looking to get into buy and hold for long term wealth and passive income generating. Starting late in the game but better late than never.. I find myself getting overwhelmed with info but feel like buy and hold multi is the way I need to go. My wife is currently in RE school (fulfilling a long term desire) and we have some money to invest. Our goals are to generate passive income and march toward financial freedom. I would love any advice, connections or recommendations from anyone on getting first property, which i know will be the hardest. Thanks for any help! 

[Dan Beaulieu]

@Clayton Ensminger One of my partners is 74 and loves talking to motivated sellers, lending private money, and managing rehabs. How much can your money compound in the next 30 years if you already have money and can start generating 20-50% IRR?

Once you do a few good deals and realize how amazing this game is, you'll be in it for life. Shoot, I'm not even going at a fast pace...just a few new rentals every year. Some of my clients are doing 5-6 BRRRR deals at a time! Multi is a very competitive space in Chattanooga right now, but deals are certainly still out there. How do I know? Because we fund over 10 HM deals every single month in Chattanooga.

Too many new investors wait for that perfect deal and never find it. Get a decent deal that doesn't need a full gut rehab, and jump in. You'll at least want to read a few books first though...

Here are some great reads when just getting started: 

1. Rental property investing - Brandon Turner

2. BRRRR - David Green

3. The book on negotiating real estate- Jay scott