All Forum Posts by: Daniel Martin

Investment Info:

Single-family residence buy & hold investment in Chicago.

Purchase price: $90,000
Cash invested: $15,000

Small BRRR for my first investment in TN back in 2019

Hey all - to start here is some context. 

I co-own a 17 Unit apartment complex about 40 min outside of Nashville. Some facts:

17 units total, all attached, Square feet: 952/unit, 16 units are 2 bedrooms, 1.5 bathrooms. 1 unit is 2 bedrooms, 1 bathroom, Every unit is a 2 story. Each unit rents between $800-$900

We've been thinking about going through a condo conversion as an exit strategy in this market. In the city we're in there are no $100k-$120k place for sale so, we're thinking about selling them to new home buyers or turn key landlords. 

Has anyone gone through a condo conversion for something like this? I'm trying to get an idea on the total cost. I'm hearing that it could cost upwards of $15k-$20k in just legal, HOA, bank fees. Thanks in advance for any help here!

Hi all - this is my first post here but, I have lurked for a loooong time. I am not new to buying investments properties but it has been a while. I am looking for wholesalers in TN for my BRRRR strategy. I am open to SFR and Multifamily. We're well positioned for deals and I have a (really) strong W2 income.

All that being said, here's my issue: I have an intense time hungry job and travel a lot. I have not been able to hit any REI groups and only been able to meet with one person face to face. I have started reaching out to some local wholesalers on BP and am starting with yellowletterservice.com as soon as I can confirm I have someone to answer the calls.

Any other suggestions for finding great deals. I am hoping to get suggestions here for a couple of the following:

• Answering service for calls if necessary
• Meeting other wholesalers
• Vetting potential partners and just being the guy who brings the money

Thoughts?

Thanks in advance!

Daniel