All Forum Posts by: Joey Birchfield

My name is Joey Birchfield. I am new to real estate investing but am interested in investing in the Kingsport, Tennessee area. I currently work full time as a chemical engineer. I am interested in investing in houses that are on the lower end of the market in the area that need a little work and will work with a BRRRR strategy. My initial goal is a cash flow of $700/month. I am willing to invest in mobile homes, single family homes, and multifamily homes. I plan on trying to do most of the rehab work myself but will definitely need help with certain things.

As far as who I would be interested in meeeting, I would love to meet real estate investors, general contractors, brokers, and anyone else in the area that may be able to help me on my way to financial independence. 

Thanks for the advice Heath!

There is a property in my neighborhood that has been vacant for at least 3 years now. I talked to the people that live directly across the road from the house and was told that the owner died and his children now own the property. The property is mowed regularly during the summer and does not look as though it is vacant. After checking the county assessor’s page, I found that the property has been owned by only a single family and that the loan is 20 years old.

I would like to approach the family about selling and using seller financing but am unsure how best to broach the subject via letter. Does anyone have a standard letter they send out to people in these type situations? 

I am trying to estimate the repair/replacement cost for a house with a geodesic dome. The roof is currently leaking around 2 sky lights, which I would want to take out and fill the holes to eliminate future leaks. The roof is in bad shape (1980s age) and is currently a spray foam and membrane type roof.  I’m looking for a contractor in East Tennessee who would be able to reroof it using spray foam and/or any potential cost estimates from anyone who has had experience replacing these types of roofs. Any tips/experience from anyone who has dealt with these types of roofs would be helpful as well. Any conservative estimate would help me with an overall rehab cost estimate to put together a financial analysis and make an offer on the property.