All Forum Posts by: Dan Beaulieu

@Caleb Bryant I’d definitely take @Joseph Glisson up on that offer, he’s crushing it in Chattanooga! 

Have you considered Lebanon or Mt Juliet? Those could be great areas for you if you are looking for a little bit more land.

@Matt Hudson St Augustine is Awesome! So regarding Option 2... If your payments are 1500 a month and the rent is 1500 a month I'm not sure how that would benefit you at all? If the seller goes for the all cash option and you are able to buy it at such a discount and you are concerned about capital outlay, perhaps a 100% fix and flip loan is the way to go? 

Hey @Matt Hudson! Congrats on the lead! Sounds like she is a perfect candidate for seller financing! It's important to uncover her motivations and see what is most important to her. Most often a tired landlord would LOVE to keep the passive income but not deal with the headaches. I always approach seller financing by explaining the tax advantages, and proposing monthly payment amounts close to the rent that she was getting if it was way under market instead of proposing a certain interest rate. Often times by doing this you could get the interest rate very low, if not 0. 

You can give the seller 2 options:

For an all cash sale: Pay Capital gains all at once and then take what is left over and invest it with higher risk or have it sitting in the bank losing money.

Seller Financing Option: Take the entire amount, only pay taxes on the installments, and earn interest on what would have been the government's money... 

Lay it out there like this and she is almost certain to go with this option (Especially in Tennessee with it's strong anti-government sentiment)

Hey Adam! Sounds like you should join REIN and also Music and Money investor's group. They meet monthly and there are a ton of musician investors in that one. Let me know if I can ever be of assistance! 

@Matt Volin

Please DM me. I run Burlington House Buyers and have some great deals coming down the pipe. What sort of investing do you do?

All: let’s schedule a meetup for end of September!

If you are after cash flow and not appreciation, there is no reason to buy property in Nashville right now. Nashville would be a pure speculative appreciation play. Cash flow markets in TN with less appreciation are going to be Chattanooga and Knoxville. Those are also growing fast with new development and have strong potential for appreciation, and you can still get much better cash flow than Nashville. 

I bought this ticket last year and I am not able to make it now. Selling my ticket at a discount! I will let it go for 500 bucks. Ticket is transferable. 

@Luka Milicevic Agreed, Blackwell Realty is the Jam. 

Wholesaling isn't going anywhere anytime soon. Having a real estate license is a good thing when negotiating with Sellers. If they want way too high of a price, the best way to get that obviously is to list with a realtor. Guess what? That could be you! Now, I don't advise this as a way to get listings...that would not be ethical. But when you've built a rapport with sellers and they want to use you regardless, and you have given the proper disclosures, game on. 

Also, most of your competition, and most of the big wholesale companies in Nashville have licensed agents doing their acquisitions. 

Yes. New LLCs are created all the time to purchase property. Most loans will be personally guaranteed regardless, so they would look at personal credit and personal cash. That is completely normal, even though the note will be in the name of the LLC and title will be held in the LLC.