All Forum Posts by: Josh Key

if you can get some numbers together we are looking at buying something in Nashville around 100k.  I know rent is through the roof all over Nashville right now and so many people are moving in.  My uncle isn't on this site but him and a partner are flipping homes near the colleges on the south side of town.  Not really rehabbing, they are buying perfectly good homes for 85 to 90$ a square foot and bulldozing them to the ground and splitting the lots and putting 2 400k$ homes on them.   There is tons of people moving in from California and the north where property sells for a lot more.  

So that's something creating a huge boom in the area right now.  I've lived here all my life and watching the property values go through the roof all over.  

Your value is really determined by location here and the size of the lot.

Nashville changed the building codes 2 years ago and it allowed you to take a side yard and build a house on it.  Needless to say the developers have been going crazy at it for years now.

Most of the lots are gone now. It's more tearing property down and building multiple buildings on the same spot now.  

What area of town is the place you are looking?  Some areas have better growth than others.  And different income levels.  

Welcome.  I'm also from the Nashville area.  

I will look into those ideas thanks.  Would a google search turn up a local club pretty easily?

 Thanks we are excited and looking forward to it.

So my name is Josh.  I live in Nashville Tennessee with my fiancé.  We own our current home outright and we have a little bit of savings in the bank.

So for the past few months Caitlyn (fiancé) and I have been discussing how to invest our money and plan to build our retirement.  We are both in our mid twenties and wanted to be a little riskier in the beginning to build wealth faster.

So naturally we asked friends and family about advice. One friend recommended us the rich dad poor dad book.  Needless to say it was a great motivator for us.  

I almost fell into the guru trap and something gave me the idea to do an internet search on real estate investing before I paid for any classes or mentor.

Then I found BiggerPockets.  I've been reading for two weeks and listened to dozens of hrs of podcasts.  To date you guys have saved me thousands of dollars and taught me so much. Thank you so much.

I work in telecoms and love my job. And Caitlyn works for a 24 hr restaurant as a GM and hates her job.  So we have been looking for a way out of her job for a while.  

On some of the podcasts people mentioned buying a cup of coffee or lunch to find a mentor or advice on stuff. So I convinced Caitlyn to talk to a realtor friend about advice on being a realtor or advice on our local market.

The realtor friend agreed to call her and talk about it a bit.  But I asked Caitlyn to one up it, and offer the realtor a free lunch.  So last night I come home and not only did Caitlyn get some advice.  The realtor said she had been looking for an apprentice and possible partnership to be her own broker and open a new agency.  She offered Caitlyn a 50% partnership, help through schooling and testing, and to be her mentor through all of it.

It's awesome how the opportunity all fell together for the cost of a $28 lunch. So Caitlyn gets a new career she will enjoy and a career that will teach of our local market and the knowledge we will need to start our buy and hold strategy for our retirement.  I get to keep a solid career I enjoy with the steady income to allow us to take the risks of jumping into real estate investing.

We both look forward to learning so much off this site and making future deals.  Thanks again BiggerPockets and community.