All Forum Posts by: Andreas Mueller

Welcome! Im a local investor here in Nashville, always happy to meet new folks! Let me know if I can answer any questions and if you want to grab a beer/lunch sometime! -Andreas

0 Votes

Nashville, Tennessee

Quote from @Carlos Ptriawan:

Quote from @Andreas Mueller:

Bay Area is lovely, but not appreciating like other areas and if you want to find a place to renovate and force appreciate costs to do so are way out of wack. Highly recommend investing in other long distance markets. Tenant laws are also bringing down values even if you aren't renting the property because buyers have to consider those laws when buying properties.

I'm totally biased, but I moved from the Bay Area to Nashville and still own in both. I am no longer investing in the Bay. Highly recommend Nashville, Rawley, Tampa, Denver, Charleston etc...Happy to chat too if I can be helpful, DM me !

San Jose appreciates 12% MoM in last two months. The bottom is gone.

Def appreciate that point of view, but a month over month stat is probably not telling. I would advise folks to look at a 5+ year timeline, just like if you were buying another asset like a stock. And again, cost to renovate in CA is triple that of the cities I mentioned above. And we haven’t even talked about tenant laws and permitting restrictions/costs. I own in the Bay Area and in several cities mentioned. I would stand by my recommendation to invest elsewhere.

1 Vote

Oakland, California

Quote from @Jacob Gomes:

Quote from @Na Kay:

Anyone from outside of Nashville trying to get a unit there? I'm from NYC and want to know someone else's process of getting their STR there…

I've sold 8 STR's here so far this year.

If you have an agent who's well versed in how to find the proper units for STR and a manager that can maximize income while minimizing headache, then it can be a gold mine.

This is especially true since there's built in competition over time due to the zoning restrictions.

Process is: find property, buy property, get paperwork in order, submit to city, get permit back, start cash flowing. Obviously there are multiple steps for getting the paperwork in order but a good property manager can do that with you.

Jacob is the ****, if you are looking at STR properties in Nashville, give him a call.

1 Vote

Hi Naomi! Happy to rep you if you need an investor friendly agent in Nashville/TN. Our brokerage is the largest in Nashville and in TN by volume and $. And, I just like talking real estate. If you are considering Nashville, happy to be a resource even if you dont use us. DM me!

0 Votes

Dallas, Texas

0 Votes

Oakland, California

Love this strategy and, As David Greene often talks about, find a place with some extra square footage and add a bedroom. This usually will allow you to pay your entire mortgage and more when renting out the other rooms. If you can deal with roommates, there really is no other strategy that is better. And talk to your CPA about depreciating your home while you are living there and renting by the room. And add a home office to that potentially as well. The tax benefits are significant when you place your home into service, ie start renting part of it.

0 Votes

Nashville, Tennessee

Quote from @Becca F.:

@Kelly Cynamon

I'm in the San Francisco Bay Area. I haven't done STR but I'm buying LTR in the Indianapolis area. Recently purchased a Class C SFH potentially moving up to a Class B for $130,000 (move-in ready). It will be put in the rental market soon. Projected cash flow $200 a month. I didn't want to do an out-of-state BRRRR. I may consider that now since my realtor has been great and knows contractors, etc. I'm a pretty cautious investor - I bought through a real estate agent. I haven't purchased off market, through wholesalers, tax liens or done any type of creative financing. I have all conventional loans. I'm not seeing anywhere which would replicate the appreciation on my Bay Area SFH. My property tax basis is reasonable for California because of Proposition 13. There's no Prop 13 in other states.

I bought a SFH in 2013 (my primary residence) in an Indianapolis suburb, Class A with great school district. When I rented it out, property taxes skyrocketed because I lost the homeowner's exemption, supplemental deduction and mortgage interest exemption (for 2023). I was cash flowing $400 a month. It's now closer to $162 a month but I'm keeping it since I have a low interest rate 3.875% and tax write offs and there's no way I could buy in a Class A neighborhood anywhere in the U.S. now.

I would have preferred to invest in an appreciation market such as Nashville Tennessee, Florida Panhandle, Arizona or Nevada but just from my brief searches my mortgage payment would be much higher than the rent I could charge (and that's not counting vacancy rates, capital expenses, and repairs). I'm not sure if I'll continue buying SFHs in the Indianapolis market. I've had other investors suggest multi-family but an apartment building will cost way more than a SFH.

I'm not seeing how anyone can cash flow $500 to $1000 a month buying at current prices and interest rates - if this happening, someone enlighten me :-) The key word being current prices not prices from 5 to 20 years ago.

As a former Californian now in Nashville, I am biased. Come join us! Market here is part growth part cash flow. Especially if you can do some renovations. Happy to chat off-line too if I can be helpful. Im a local investor here.

1 Vote

You may also want to consider renting month-month or airbnb it for 30+ days as you wait for your permit.

0 Votes

Nashville, Tennessee

All Forum Posts by: Andreas Mueller

Andreas Mueller has started 45 posts and replied 158 times.

Post: Recommended Property Managers for Medium-Term Rentals

Post: 8-Plex North Nashville!

Post: Hi everyone new to this.

Post: Anyone see the Bay Area Prices going any lower in the near future??

Post: any luck in Nashville?

Post: My Buyer's Looking for Homes to Purchase

Post: Anyone see the Bay Area Prices going any lower in the near future??

Post: Nashville Rent by the Room House Hack

Post: Where is everyone investing these days for both STR and LTR?

Post: Nashville Owner-Occupied STR Permit Application

Andreas Mueller has started 45 posts and replied 158 times.

Rounded Star Post: Recommended Property Managers for Medium-Term Rentals

Rounded Star Post: 8-Plex North Nashville!

Rounded Star Post: Hi everyone new to this.

Rounded Star Post: Anyone see the Bay Area Prices going any lower in the near future??

Rounded Star Post: any luck in Nashville?

Rounded Star Post: My Buyer's Looking for Homes to Purchase

Rounded Star Post: Anyone see the Bay Area Prices going any lower in the near future??

Rounded Star Post: Nashville Rent by the Room House Hack

Rounded Star Post: Where is everyone investing these days for both STR and LTR?

Rounded Star Post: Nashville Owner-Occupied STR Permit Application

Post: Recommended Property Managers for Medium-Term Rentals

Post: 8-Plex North Nashville!

Post: Hi everyone new to this.

Post: Anyone see the Bay Area Prices going any lower in the near future??

Post: any luck in Nashville?

Post: My Buyer's Looking for Homes to Purchase

Post: Anyone see the Bay Area Prices going any lower in the near future??

Post: Nashville Rent by the Room House Hack

Post: Where is everyone investing these days for both STR and LTR?

Post: Nashville Owner-Occupied STR Permit Application