All Forum Posts by: Brook Warren

I'm looking at purchasing a condo in a ski town/village to use as an STR and am curious what locations others have had success in. Would love to purchase some place that has year round activities so income isn't limited just to winter. My wife and I love skiing but we live in TN so have to look out of state. We'd love to own something at a resort to use occasionally and rent out the rest of the year!

My wife and I are looking to purchase our first property in Nashville but we're really struggling to find a good deal. We're currently planning to go FHA or Conventional at 5% down so planning to live in the property for a year and then rent it. With current interest rates though and cost of property in Nashville, nothing even comes close to seeming like it will rent for enough to offset what our monthly payment would be. Even if we put 20% down, still seems like we'd be losing money. Anyone else investing in Nashville have any insight? Thanks!