All Forum Posts by: Dasia Washington

I’ve come into around 40k recently and had already saved up 20k for a down payment with the intention to house hack and then eventually rent out or Airbnb.

But with this new role, I am fully remote meaning I can live and work any where and realize that I don’t want to stay in Nashville. I personally want to be in a less conservative more diverse environment for my primary residence but definitely recognize the value of owning property here.

I know it’s a great market for rentals.

Is it better to buy my first rental here while I can or buy wherever I eventually end up?

The short list right now is Phoenix, Denver or back to Vegas.

@Brent Coombs
Thanks for your speedy response!

Yes, there’s enough savings to cover both on my end so there would be no off-balance.

I would have the FHA in place at my own residence before signing on to the conventional. I just wasn't certain if there was a seasoning period or something like that that would have to happen before applying for a new loan.

I planned on purchasing my first home within the next 3 months with FHA and 7-10k down.

After the 12 months, I would like to turn this into a rental property.

Recently, I was approached by a friend of mine who is willing to invest in a property with me as a passive investor as he has an enormous amount of capital and I have boots on the ground in Nashville while he also doesn’t want to deal with day to day operations.

We would both contribute 7-10k down on either a SF or duplex to be used as a rental immediately.

What might be a good strategy here?

Waiting the entire year in the home I will own and trying for another FHA?

Or just going half in on the conventional route in order to make the 2nd investment within a year?

Is that even possible?

To have an FHA loan and at the same time, be joint on a conventional loan?

Any other strategies that could be used here?

Thank you for any guidance you can offer.

Thank you for this. Its extremely helpful and I appreciate you taking the time to respond.

My lease won’t be up until next July.

I really don’t want to wait that long to start investing into rental properties.

Is it feasible to purchase now despite still renting?

@David Nacco

I actually relocated from Las Vegas to Nashville and will be making the move to purchase rental properties in Chattanooga in 2021. I would very much love to join any meetups you set up.

I realize things might be a bit limited because of COVID, but I'd really like to spend more time around like-minded individuals. 

Does anyone have any experience or regularly attend meetings in the Nashville/Tennessee area that they might recommend?

Hello Nashvillians! 

I am looking to purchase my first duplex or quite possibly a single-family home with a walk-in basement for a house-hack. 

I'd love to hear from those who have any experience house hacking as a single person in the Nashville market? I am certain this is naivete speaking but is it too late to start here?

What was the biggest thing you learned while doing so? 

Would you have done anything differently? Any tips or suggestions you wouldn't mind offering? 

Hello Nashvillians! 

I am looking to purchase my first duplex or quite possibly a single-family home with a walk-in basement for a house-hack. 

I'd love to hear from those who have any experience house hacking as a single person in the Nashville market? I am certain this is naivete speaking but is it too late to start here?

What was the biggest thing you learned while doing so? 

Would you have done anything differently? Any tips or suggestions you wouldn't mind offering?