All Forum Posts by: John Williams

If you have the budget for repairs if you rent it out, definitely rent it out! Even after one year, that property may provide thousands of dollars worth of appreciation, you will pay down your loan and build some equity, and you can depreciate the asset. 

Hold onto that bad boy for 5+ years and you will be seriously thanking yourself down the road. 

Just do a little bit of research and connect with a great property manager. You'll find that rental property investing isn't scary at all and a great property manager can actually save you more money than they will cost!

 Hey Stacie! I am a real estate broker and property manager based in Clarksville, TN and I specialize in working with investors. We have a great balance of appreciation and cash flow opportunities in our market. 

I'd be happy to connect further regarding your questions about more specific and nuanced details. 

Thank you for your service! I am a veteran as well. I am a broker and property manager here in Clarksville, TN. I personally like the buy-and-hold strategy and we help clients who share this long-term, wealth building mindset. 

My advice would be to drown out the noise you hear from others with positivity and thorough due diligence. As long as you run your numbers and your estimates are conservative, you'll do okay in the long run. Real estate is very forgiving. You won't get rich overnight but you can certainly start to snowball a portfolio and build wealth slowly over the long term.  

Howdy!

Define "better."

What have you achieved so far? What is your vision? What are your short term goals?

Step 1: Ensure you can get financing (is it a cash purchase or will you need a loan). 

Step 2: Narrow down your "buy box" (are you market-indifferent, are you looking for a certain level of cash flow, etc.).

Step 3: Connect with real estate agents and begin making offers!

Welcome to the party! What is your goal in real estate?

Look at "sub" markets of major metros. 

Clarksville, TN has a great balance of cash flow and appreciation and strong fundamentals. We receive a lot of the benefits of being near a major city (Nashville) but not high prices. 

 House hacking is perhaps the best strategy to get started in real estate. Start by talking to a lender to determine how much you can afford (and that you can qualify for a loan). 

Next, analyze deals with an investor-friendly agent. 

Some states may be more enjoyable than others when it comes to running a PM company. It is a great business as long as you have some level as scale.

I like Clarksville, TN because of the strong fundamentals, minimal volatility, and balance of cash flow and appreciation opportunities.