All Forum Posts by: Amit Kal

Get a pre-nup. Unless she is worth more than you AND makes more income than you. If that's the case, then thank your lucky stars :)

I'll be there! Looking forward to it.

Nope.  That would mean that you have to learn how to do construction which is an entirely different career.  The point of this is to be able to have an eye  so you know what to look for when you take on a rehab project.  This includes learning how to estimate costs such as labor and material.  It also includes learning the pitfalls of underestimating renovation budgets.  Without this it would be impossible to be successful as a flipper. 

i've been investing for three years  in Nashville

 Since you have neither  Capital nor expertise, my suggestion would be to ask a general contractor that specializes in rehabs if you can tagalong with them  when they are going on prospecting calls for new jobs to learn.  Offer to give them several hours of free work per day  in return for showing you the ropes on what to look for when taking on a rehab project. 

Welcome to BiggerPockets! Where and how do you plan on picking up Homes cheaply in the Nashville area? And do you have the capital and expertise to do the rehab work to flip homes?

Gotta take all of these lists with a grain of salt. If it were me, I'd be looking at markets where: 1-homes stay on the market for less than 50 days 2-you can still get 1% rule 3-there is a notable hipster scene 4-is also a decent tourist destination 5-inventory can't keep up with demand so absorption rate is > 20%

Don't know about the borrows, but I'd look in the Boroughs. :)

Interested as well. However last time I checked, properties in good areas were only trading at 85-90 cents on the dollar. Not nearly enough of a discount to make up for the downside risk.

How much profit? Without knowing income and expenses, very hard to say it is too good to be true.

Not yet but starting classes in a week. Already an investor and since I'm between jobs, this is a good time to go for it.