All Forum Posts by: Dave Villa

Came on here to post this exact question this morning - I have two properties in Nashville and have been looking to expand to neighboring cities as well because it's so expensive here now. I've heard good things about Clarksville as well as Huntsville, Alabama which has lots a strong paying job market being an aerospace mini hub/including NASA as well as some other solid companies. Need to do more research on housing analytics for both cities

I don't think you don't need any permits to add a bedroom/bath etc. if it's a single family home, you can arguably change anything within your structure (or outside but adding more structures/buildings needs permits). I think a bedroom technically needs to be 70sq/ft with a closet and window to be considered a bedroom. I think you should be okay but I would get a second opinion

What is the property type? That may change what hoops you have to jump through logistically and for permits. Adding a closet would be pretty cheap, adding a shower will probably run you a few thousand but don't quote me. I would go ahead and reach out to a few contractors and gets some bids so you can get a better idea of price. It seems like your head is in the right place and is potentially a good deal (not financial advice).

I agree with most people in these replies which is to raise rent a small amount. Vacancy is usually the highest expense, I believe 3% rent increase every year is typical but I would use your judgment. I raised rent on my rentals this year but not to what market rent should be, I would do your best to hold onto good tenants.

Hi All! I'm a real estate investor here in Nashville. I did my first deal in October 2020 and I'm starting to get things together to do my second. My agent was amazing but didn't have an investor mindset so I'm looking for a new agent to work with who understands a bit more of what is talked about here on BiggerPockets.

I'm possibly doing this next deal with my brother so budget and timing is slightly fluid but I'm hoping we can put something under contract as soon as June but there is possibility that we may not be ready until late summer (yes I understand the market moves very fast). I'm also looking for someone who can help navigate taking on a second mortgage. Thanks

Hi All!

I have bought and renovated my first property in Nashville. Should cash-flow nicely but the property management company I'm using has left this unit vacant nearly 60 days despite their "21 day" occupancy guarantee. I'm starting to look at getting a second property here but I'm being held back by this systematic hiccup - has anyone used any property management that has been successful for them in Nashville? Thanks!

So for any of you that are familiar with Nashville real estate, you know the past few years have been booming.

Has anyone seen a significant lull in purchase price/rent price/vacancy in Nashville or your area? I believe Nashville has gone down a little bit in the past few months in all of those areas but I’m curious what some of you have experienced.

So I've been researching a lot on real estate and have been saving up for a good bit of time. I have good credit and enough for a down payment but unfortunately my income is 1099 which means it's been hard to get approved by lenders - any advice on this?

Also can someone clarify how being a first time home-buyer effects your ability to rent out the property (do mortgage companies allow you to rent the property or is there an expectation that you will occupy the property because you are a first time buyer?)

Thank you!

I’m looking at purchasing a condo that’s consider Workforce Housing meaning I technically can’t rent or resell the unit for 3 years - is this a hard fast rule or are there workarounds?

Also worth noting the property has a Maximum Affordable Sale price, currently at 199,000. Seems like a unit like this would sell easy for at least 300,000 outside of these terms - thoughts on all of this?