All Forum Posts by: Juliette V.

Thanks @Robert Leonard I do appreciate it.  I already own a condo in San Diego, and I'm moving to Nashville-and will be renting my condo in San Diego.  I was really hoping to split up my loan so I could rent one for some cash flow.  I don't have a job that's steady, so I need to use my loan now.  Once I leave SD, I lose it.  I'm a journalist-and getting loans isn't the easiest, that's why I am more stressed about using this loan-right-this time.  I'm not really sure how to get money later in the long run.  I have money for down payments.  But, I'm not sure how to be creative with getting money when not fully employed.  Hence, why I'm trying to have some of my properties work for me-as supplemental income.  I really need that right now.  So, it just didn't make sense to me to buy 1 home, but maybe I should reconsider that-but that means I'd have to really dip into savings to get through monthly bills.  Even if I rented out a room or two, that would just maybe cover the mortgage, perhaps on 1 property.  I figured if I could at least split the loan---I would rent one place out completely...get some cash flow.  Then have another place for myself --rent a room or two out which would completely cover the mortgage--essentially I live for free--until I can get more settled, etc. 

I'm trying hard not to use my money that I have saved for future down payments, etc on living right now--because it'll be gone in a blink of an eye--If I do that.

But, I'm also moving to Nashville for better opportunities both in RE and in my own profession because San Diego-isn't the right spot for either.   And, I have to go now.  

Arlan, I want to think like YOU!  Come to Nashville!  

There really are so many options.  My problem too is getting out of my head.  I think to myself--"Juliette, don't go too fast--you're not an investor yet.  Juliette, take it real real slow because that's the smart thing to do and you're not 'there' yet."  So, in a way I'm not letting myself think big- I'm limiting myself with my thoughts but also trying to be over cautious.   And I think "Who I am to think like Arlan"  - for example. And, I feel I need hand-holding because --fear. 

I'll be honest this really all fascinates me, and I love learning it and talking about it-and can't wait to be incredibly savvy one day!

Thanks for carrying on the conversation here

I'm starting my RE portfolio, and I'm very excited but I'm also overwhelmed. 

I currently have a 250,000 loan which I am going to invest in Nashville-this summer.  Very soon.  I'm moving to Nashville this fall, and I'm so torn on how to work this magic and try to think as a investor. 

I will need to live in one of the of the places I buy, maybe rent a room for extra income.  

So, this is why I'm torn---emotional versus investment, old vs more expensive and new etc.

$250,000 - I have options there.  In SoCal, I don't. 

You can buy homes and decent condos for $125,000.  You can even buy older homes that may need some work for $60,000 in areas that demand about $750-$850 in rent--and they are located near downtown which is going through major transition from low income -- up.  Or you can buy a brand new home 2 minutes from downtown in a transitional neighborhood (but that uses my whole lump sum) or buy a beautiful home in the country 15 minutes from the city with $250,000.. 

Right outside of downtown Nashville--in an area of transition--there's a new baseball stadium going in.  That seems to me that it will attract great crowds, music, concerts...and I feel like the growth will continue to grow and get nice in that area with that kind of numbers flowing through there.  It just makes sense to me, but I could be wrong...

Here's the info...

https://www.youtube.com/watch?v=Ln4xitRfzKA

I'm overwhelmed by "options"  and I also feel like maybe I should just buy one property--because it seems crazy but also smart to buy more if I can=now.  But, considering I only own 1 condo---I feel I shouldn't get too ahead of myself. 

Can someone help after sorting through my rambling and if you had the same scenario - what would you do?  Also, near downtown or suburbia?

Thank you for listening and reading!

Let me know if you get any good deals.... I'm listening... :)

Congrats! This is an amazing good experience, and I think it's encouraging. My problem is trying to know exactly what to do with my loan, how to split it up, and where to buy in Nashville area for best ROI.

What are your focusing on..?

Since you are familiar with TN.... what towns or communities are affordable to buy in--but yield good rentals for high ROI in middle tennessee? Got any ideas?

I'm currently in California, I've never been a realtor.  But, I'm interested in getting into the biz as one.  I'm moving to Tennessee in 2 months and I know that area very well as I'm looking for property myself there.  Do you have suggestions on how I can start NOW while i'm still in California....to take classes or prepare to be a realtor, etc...so I can get the ball rolling now?  I don't want to wait until I'm in TN since I have 2 months now to get ahead....

Anyone ideas? Options?  Online classes?  References?

Thanks!

Hi gang, I'm a big fan of Nashville, TN. I visit every year, and know the area very well. I'm interested in connecting with a savvy RE agent with an investment attitude, please! Any ideas?

Also, I'm curious to connect with people who are wholesalers and bringing deals to the table?

I refuse to get involved with people I do not trust and don't get to know well, so this is the beginning of a relationship for me. But one that could be great for us all...

Let's chat if you have thoughts, advice, or insight...Thanks! Juliette