All Forum Posts by: Aaron Kyle Kinslow

@JP McLeod

Thanks for your response JP. That's a really awesome and creative way to get started. We do own a home already. If I had been more educated on real estate investing a year ago we probably would have house hacked as well. Very powerful way to get started with REI. Right now, I believe looking for relatively turn key rental properties with minimal upgrades/repairs is what suited our situation best.

@Luka Milicevic

I can see how you think it's contradictory and a broad statement. What I meant, however, is that I'd be open to starting either way. Honestly, for my personal situation, rent ready turn key properties is what makes the most sense given I'm a busy medical professional putting in 50-60 hour work weeks. I just mentioned BRRRR because of the initial boost it could provide but realistically probably don't have the time for it without contracting out the whole project.

That being said, I am currently looking for my first rental and would love to hear how you or others got started. Strategies, locations, etc.

We do own a home that we currently live in. Had I been more educated about real estate investing about a year ago we probably would have house hacked as our first home.

Currently, I’m just saving and looking to buy another property with 20% down and conventional financing. Again, rent ready would suite my situation best. I see that you’re both an agent and investor. Do you own property in Nashville? Would love to hear more about it. Thanks for your response.

Hey everyone,

I'm a newbie real estate investor eager to get started. I've been self educating through books, podcasts, and of course bigger pockets forums for the last 6-8 months. I feel that I'm in good position to make a move when the right deal comes along and I feel comfortable and ready. I'm primarily interested in single family home rentals either rent ready or a potential BRRRR opportunity. My vision is to start with single family rentals (up to a 4 plex) and eventually scale into multi family apartments or commercial one day. The biggest roadblock to getting started in my market is the high entry price to get a property. Prices in Nashville, TN, and surrounding areas are pricey compared to other markets. Would anyone recommend partnering on a deal locally or consider investing remotely in a relatively turn key rental property in a more affordable market using property management? Ideas, personal experiences and suggestions welcome!

@Axel Meierhoefer

You made several excellent points. Rental properties are definitely unique investments in that you can experience growth through appreciation, equity, cash flow and tax benefits. The end goal for us is definitely time freedom point. The more I learn about real estate investing, the more I realize I do actually enjoy it as well. I am anxious to become a first time real estate investor in the near future. I believe turnkey will be our approach after much consideration due to the demand from my w2 job M-F.

@Billy Madden

Congratulations on your first flip Billy. I’m sure that was rewarding but as you said can be time consuming. When do you plan to start investing in turn key rentals?

@AJ Shepard

Thanks for your response AJ. We have considered multi family units such as a triplex or quadplex. I have read about several success stories with this method. It seems as though it would bring in high cash flow. I’ve been told the downside of multi family is selling it down the road as your likely buyer would generally just be other investors. However, I still like the idea. The problem we’re having is locating really any multi family homes in our market and surrounding markets (Nashville, TN). How would you go about locating these types of properties remotely?

Thanks,

Kyle

@Ian Ippolito

Thank you so much for sharing your experiences on this topic. This was very insightful!

My wife and I are looking to purchase our first investment property in 2021. We’ve been pondering the idea for quite some time. We’re both very busy with our regular jobs and that being said we’d like to find a turn-key property for rental to keep it as passive as possible. We’ve been set on single family homes. However, the more I learn about syndication deals I am intrigued by the concept and wonder if that may be easier to get started with. What are some of your stories? How did you all get started with your first investment?

Hello,

My name is Kyle Kinslow and I am a real estate investor based in Nashville, TN. My wife and I both hold down full time jobs but find real estate investing both enjoyable and rewarding. My wife is currently obtaining her real estate license. We are looking to get started through acquisition of foreclosures/ condemned properties followed by total demo and rebuild. Particularly, we envision building duplex properties that are shotgun style floor plans. I’m interested to know how you all financed your first project, the dos and do nots, and generally any advice for getting started. Did you use your own money or obtain loans? We’ve done as much internet research as possible and have self educated as much as we can. We would love to hear from some experienced investors and network.