All Forum Posts by: Brian Cosby

Under contract for the duplex. 

For the SFR, I'm practically giving the place away as far as rent is concerned (only charging $1,150/month). Chattanooga has extremely low inventory because it's booming. While all my other properties are professionally managed, this one is not. Probably should have.

I did.. It was a classic BRRRR property. Bought it for around $118k, put about $30k into it, found renters, refinanced, and then repeated! It brought in over $20k last year. Bought it through a fellow realtor friend. I can't remember if it was on or off market at the time.

Looking to sell a SFR and DUPLEX in the Hixson / Red Bank area of Chattanooga, TN. Both properties have tenants.

SFR – 1409 Elm St. (37415), 3 bed/1.5 bath | $245k (updates in 2020)

Duplex – 4518 Norcross Rd. (37343), each side is a 2/1 | $255k (updated in 2019)

Let me know if interested!

[I'm also a Realtor, BTW]

Does anybody know of a licensed contractor around Chattanooga, Tennessee, that you could recommend?

Anybody doing only 15% down on 30-year mortgages on investment multi-family (2-4 unit) properties? I'm in Tennessee. Buying in my company's name.

Here's a quick formula for evaluating what your maximum purchase price should be (whether for buy & hold, fix & flip, etc.).  ARV x 65% – renovation costs = max purchase price 

Thanks to Josh Cantwell w/ Strategic Real Estate Coach for the tip!

Great.. thank you, Kelly!

I'd love to find a partner who could provide some cash for an auction purchase. I can do the administration of the deal. Splitting profit 50/50. Something like that, for starters.

I'm interested in partnering with a RE investor in the greater Chattanooga area. I've lived here for over 25 years, but am fairly new to the investing world. Would somebody be willing to point me in the right direction? Thank you!

@Jeffrey Holst where does that BP group meet?