All Forum Posts by: Jordan Buie

Hey investors,

Here is an opportunity to buy a 825 sq ft 2/1 fixer-upper in the hot North Nashville area that could sell in the low $200s. The property is 1622 11th Ave North and the asking price is $129,000 or best offer. Rehab comps are around $220,000.

Also, one could look at this property as a potential buy and hold in a rapidly appreciating neighborhood with the rental average at $1,540 ±6%.

A 828 sqft flip at 1617 17th Ave N sold for $220,000.

A 980 sqft flip at 1900 10th Ave N sold for $279,000.

Rental comps can be found at: https://www.rentometer.com/analysis/2-bed/1622-11th-ave-n-nashville-tn-37208/PVQDWMjnugQ.

You can view photos of the property at this link: https://drive.google.com/open?id=1G6axEZ8IPXiQCOJQpvKJitPujsUP1SNX

For more information please email Jordan Buie at [email protected].

The property will be available for a showing Wednesday afternoon 11/21.

The property is currently under contract and the contract will be assigned to the best offer with $5,000 non-refundable earnest money.

Thank you,

Jordan Buie

Genesis Acquisitions

615-864-2687

[email protected]

Townhome rental in Hermitage for $136k OBO local rents around $1,550 under contract for assignment.

We've got a spacious 1,596 sq ft brick townhome for $146k in the western portion of Hermitage where rents are around $1550 consistently. This owner is a bit of a hoarder, and this place will need a small lipstick job and will be ready to rent.

The townhome is at 1359 Timber Valley Dr. Nashville, TN 37214. (Please do not bother the owner!)

It includes 3 bedrooms, 2 baths, one half bath and a full-basement.

Here are the details:

Property Description: http://www.padctn.org/prc/property/120654/card/1

Rentometer: https://www.rentometer.com/…/1359-timber-valley…/kyvqSuYjdf4

Walk-through video and photos: https://drive.google.com/drive/folders/1WhnjoGuB7NysiJcu1l86hdrJABQY6Ts-

For more info, email [email protected].

Hey Bigger Pockets Nashville investors, I'm looking to sell my property at 1403 Straightway Ave. in Nashville, TN for $230,000 or obo, which is about $30,000 less than current as-is value. The home could have additional remodeling to sell for $320,000 or it could be left as is. I'm looking to sell this house asap for a 1031 exchange. Let me know if you're interested. Disregard tree in photo, we cut that down.

@Bryan Otteson    Hmmm....I see what you mean. So to take advantage of this the house has to be sold within three years of moving out. I guess I was thinking about living in the house two years gave me a property that could infinitely appreciate and I wouldn't ever have to pay capital gains tax. 

So essentially the benefits of specifically living in a house two years for this purpose only come to fruition if you sell the house within 5 years of moving in, and these gains must be weighed against the equity, appreciation and cash flow of acquiring another property?

Hello Bigger Pockets friends, I have a unique situation I've been mulling over for some time now and decision-making time is coming soon. So I purchased a home with an FHA loan, I've lived here for the required year and now I have the option to continue living in this home another year to avoid paying capital gains tax down the road-should I ever choose to sell it-or to go ahead, convert this home into an investment property and buy another primary residence with little to no money down and lock in a great interest rate while the last? I'm considering the pros and cons. Any advice appreciated.

So, I have a unique situation I am trying to sort out and I'm wondering if anyone else has dealt with this issue. I am wholesaling a property, I get it under contract and I find an end buyer for assignment, only to discover from my title company that the deceased wife of my seller had no will and that when she died her 50 percent stake in said property, according to the title company, went to her heirs. My title company is saying that for the living husband to now sell the property, we have to get written permission from his two living children, as well as the wife of his deceased son, and from from his deceased son's adult children.  Has anyone ever dealt with anything like this? Obviously, the seller has his 50 percent stake in the house, as well as his stake in his wife's assets among her children as an heir. Therefore, as a majority stakeholder, does he really have to get his children to sign off on him to sell the property that he has worked and paid for? FYI, the seller is very motivated and he'll walk away with a good deal himself. Any tips?

Hello,

I'm looking to partner with investors for my wholesaling business. I'm looking for cash buyers of all kinds-general investors, builders, flippers etc.- interested in the HOT, HOT, HOT Nashville market. I am looking for sellers who know what they want and can provide me a wish list and I'll bring you deals. Right now, I am finding more deals of a wide variety, than I can find buyers. I am also interested in investors who can close on multiple deals and who are interested in buying deals in bulk, for example eight as many as eight priorities that would meet with your criteria.

RESPOND IMMEDIATELY IF INTERESTED, 3 Duplexes in Jackson, Tenn. for $115,000!!!!These properties were purchased in 1999 for

$137,737, below are the tax appraisals for the properties.

7-9 Commodore
Total Market Appraisal: $70,600

24 Brianfield
Total Market Appraisal: $56,900

35 Brianfield
Total Market Appraisal: $73,100
Verify appraisal values at http://www.assessment.cot.tn.gov/RE_Assessment/Par...
3 of 6 units are rented and currently paid up.

3 of the 6 tenants have been there for more than 3 years.

Tenants pay all utilities and are responsible for mowing the lawn.

Average Gross rents $2,840 per month
Taxes are $150 per month total
Management fee is 10% of collected rent or $284.00 per month
Maintenance and repairs estimated at $100 per month each or $300 per month total

Net positive cash flow is: $1,226 per month +/- depending on maintenance costs and your insurance costs. 

Here is a link for more details and photos:

http://nashville.craigslist.org/reo/5323823039.html

REPLY FOR MORE DETAILS!!!!!

Hello,

Does anyone out there have any tips for selling three duplexes for $125,000 in Jackson, TN? I have the three duplexes under contract and they have tons of equity. What's the best way to get rid of them quickly? 

Hello,

Does anyone out there have any tips for selling three duplexes for $125,000 in Jackson, TN? I have the three duplexes under contract and they have tons of equity. What's the best way to get rid of them quickly?