All Forum Posts by: Erin Wilging

@Brian Bandas I will not have moved to Nashville yet but thanks for invite! Hopefully more of these will go on in the future and I'll be able to make it once I move down. Keep me in mind for future events.

Thanks for the clarification @Ryan Sullivan

@Christopher Phillips Thanks for the link! That was really helpful. I had heard them talk about this method on the podcast, but that broke it down really well. 

@Devan Mcclish If you are referring to something I said, please clarify. Like I said, I'm completely new to this and trying to learn as much as I can prior to jumping into it. 

@Christopher Phillips Thanks for explaining that. It sounds like it would be a good way to keep cash in my pocket for my next deal. Plus if it's the after repair value I may be able to get more cash out of it then what I put in to it if I do the deal and renovations right. Am I correct in thinking that I could keep repeating this process? I read a little bit about it on the forums and it sounds like not a lot of people are using delayed financing. Is there a reason for that?

@Christopher Phillips I like the idea of fix and flips as well as rentals, whether single family or multifamily. I think fix and flips would suit me due to the design aspect of a renovation, but I also think having cash flow of rentals to hold overtime would set me up well in the long run. So perhaps a combination of the two. Again, I haven't jumped into it yet. I'm just trying to education myself and get as much information up front as possible. 

@Arianne L. I really enjoyed show 233. Thanks for sharing your experiences. I have yet to do my first deal in real estate. At this point am trying to figure what my first move is going to be. I had never heard of delayed financing until your show and am really interested. How did you learn about this option and would you recommend it for funding your first deal? What did you do personally to ready yourself for your first deal? What advise would you give someone starting out? Thanks so much!

I hear on the BP podcast about people buying properties from a distance. Is this a bad strategy for someone just getting into it? I've had a handful of people tell me I need to live in Nashville for 6 months-1year to get a better feel for the market, neighborhoods, and school districts. My line of thinking was to purchase a single family with an FHA loan or something of the like. I would plan to live in it for the designated amount of time, during which I would make renovations to the property and then turn around and sell it or rent it. I'm leaning this way because I need a primary residence when I move to Nashville anyways and I feel like if I rent for 6 months to a year I'm throwing that money away. @Luka Milicevic when you say "submarkets" are you referring to suburbs or nearby cities? My only hesitation in looking too far outside of Nashville is that I have to live within a 30 min call time to the hospital I'll be working at so my previous mentioned plan may not work depending on the locations of the submarkets. 

Looking to get into real estate investing in Nashville, TN. I'm bran new to this and trying to educate myself prior to doing my first deal. Those of you investing in this market, what real estate investment strategies have you used and what is working in this area? I'm kind of leaning toward flipping or renting a single family but am open to suggestions. What advice would you give a newbie starting out in such a hot market?  

@Luka Milicevic I just finished up graduate school and just got a job down there. I've been to Nashville before and loved it. Weather doesn't hurt either considering how long and cold winters are up here.