Check out the facebook group, Real Estate Investors Local Meetup-Chattanooga (not REIA). @Kelly Rastatter also hosts the monthly meetups (postponed for now) but the Monday lunch zoom meeting is happening.
Check out the facebook group, Real Estate Investors Local Meetup-Chattanooga (not REIA). @Kelly Rastatter also hosts the monthly meetups (postponed for now) but the Monday lunch zoom meeting is happening.
We're wholesalers in Chattanooga :) I love the RE community in Chatt, another great way to get connected is FB groups where they often post in person meetups as well. If you're interested I can send you all the good ones I'm in!
Hey @Reid Williams, the Facebook groups like @Mallie M. said are the best ways besides our buyers list emails to keep up to date with deal flow in the Chattanooga area. DM is for more info on where to get info on our individuals in Chattanooga.
Hi everyone, my wife and I are newbie investors in the Chatt area and would love to connect and grow our network with anyone in the area. We will be sure to check out the FB groups and meetups as well. @Reid Williams@Heath M.@Mallie M.@Kurtis Montgomery@John Britt
Hi everyone, my wife and I are newbie investors in the Chatt area and would love to connect and grow our network with anyone in the area. We will be sure to check out the FB groups and meetups as well.
Welcome! I'll be posting the next meetup for July if we don't end up back in quarantine like Memphis! We do chat on zoom every Monday. Let me know if there's anything I can help with in the meantime.
Hi @Kelly Rastatter! Thanks for reaching out! I'd love to be apart of the group so feel free to send me the details.
question for everyone, do you have any contractors that you'd recommend who you have used? I know there are tons of contractor tied up with helping to rebuild from the tornadoes but we are trying to connect with solid contractors that we could use in the future.
Hi There , I am moving to the area in 1 month . I would love to get all the info from you . I am also a RE agent, looking forward meeting you . Thank you
I am new to this and have been looking to get started in the Chattanooga area. Is it better to invest in the Tennessee side or right over the border in Georgia as far as taxes and being a property owner?
@Jake Cowley Hey Jake! I unfortunately do not have any GOOD contractor referrals at this time, everyone that works with our investors is either committed to them and tied up with jobs or the rest are more subcontractors that pick up work any time. It can be tough to identify a great contracting team or crew in Chattanooga, a lot of investors I know hire their own crew and purchase properties frequently enough to keep them busy and solely working for them so they don't have to pick up other jobs. If I do come across someone who I can feel confident recommending, I won't hesitate to give you a shout. I do have a great Project Management referral however if you and your wife aren't planning on managing your rehabs! Would definitely suggest posting for a contractor referral in one of the FB groups, good way to connect with local guys and bigger teams that are doing work here.
Tennessee has no income tax but heavily relies on sales tax, state sales tax make up the largest source of revenue for the state. Georgia has income tax and but a lower sales tax! You may want to connect with a local real estate CPA in both market to verify how that can affect your investments directly.
I am new to this and have been looking to get started in the Chattanooga area. Is it better to invest in the Tennessee side or right over the border in Georgia as far as taxes and being a property owner?
I agree with @Mallie M. on the tax side. On the landlord side, check into the eviction process. Although I mostly invest in TN so far, GA is more landlord-friendly.
@Jake Cowley finding a good contractor is hard right now. I tired to sub a job out a few months ago and after the second no show I just did it myself. I don't plan to have the volume to hire my own crew either. Basically slow and steady...lol My current BRRRR I've been doing mostly myself with a little work trade out from a more experienced flipper who happens to be a family member of a coworker.
I can also pay a little more for a deal this way too and still get the numbers to work since I don't have the labor overhead some flippers/rehabbers have so it "appears" to be working out so far. My only issue is having to stick my head in the sand until I get this one finished. I've already found another property I want but I also want a few months of a break after I finish my current one.