All Forum Posts by: Katherine Hite

also, anyone going to the webinar tonight? 

in Nashville we are starting to feel the start of the imminent/current market correction. more inventory on the market, including some choice Nashvegas STRs, plus the decreasing property values is putting smart investors in a choice buying position. do you see this taking place in your local market? warren buffet famously said: 'be fearful when people are greedy, and greedy when people are fearful', anyone gearing up to buy this month?!

Hi there @Vincent Finn!

Welcome to BP and this crazy world of investing!

Have you considered your Northern neighbor Tennessee (particularly Middle i.e. Nashville)? It's market is extremely active and will remain so for a little while longer; the solidity is grounded in geographic location, climate, diverse employment base (ever expanding), higher education, hospitality/tourism, music and entertainment, the list goes on and on.

I remember a BP episode from last year I believe about long distance investing and how important it is to establish your 'core 4' (think boots on the ground i.e. Realtor, Lender, PM, Contractor) in whatever city you've chosen to buy in. I'm pretty sure it was the David Greene episode because he has a book called 'Introducing: Long Distance Real Estate Investing'. So to answer your question about how you find good properties, I would say you start by finding the good people, who you trust to be your boots on the ground.

If you're in need of a mortgager or just want a second opinion to get a better rate from your guy I highly suggest talking with Kyle Deutschmann. Working for one of the top-rated lenders on Lending Tree, he is also an avid BP listener so he is able to comprehensively understand your wants and needs during the process.

If you're in the area, let's grab coffee! If not I'd love to answer any questions you may have as well as get to know more about what your goals are! 

Sounds great! 

Hi there Amelia! 

I think there is 100% a market in Nashville for commercial real estate investors because that commercial zoning is one of the only ones to allow NOO (i.e. non-owner occupied) 'holy grail' short-term rentals. I'm not too familiar with other aspects of commercial but that I do know. If you can provide affordable housing in Nashville (short or long term) I think you would do very well. 

I hope that helped! I started my career in real estate a year ago by getting my license and acquiring my first house hack! It has been a whirlwind since then and I love having the opportunity to share what I've learned through my experiences with the next round of soon-to-be millionaire real estate investors.

If you're in the area, let's grab coffee! If not I'd love to answer any questions you may have as well as get to know more about what you're goals are!

Hi there Garett! 

Welcome to BP and this crazy world of investing!

Thank you so much for sharing your story, I love hearing how other investors got there start! I began my career in real estate a year ago by getting my license and acquiring my first house hack! It has been a whirlwind since then and I love having the opportunity to share what I've learned through my experiences. 

You are a smart to consider Tennessee (particularly Middle i.e. Nashville). It's market is extremely active and will remain so for a little while longer; the solidity is grounded in geographic location, climate, diverse employment base (ever expanding), higher education, no state sales tax, hospitality/tourism, music and entertainment, the list goes on and on. 

I remember a BP episode from last year I believe about long distance investing and how important it is to establish your 'core 4' (think boots on the ground i.e. Realtor, Lender, PM, Contractor) in whatever city you've chosen to buy in. I'm pretty sure it was the David Greene episode because he has a book called 'Introducing: Long Distance Real Estate Investing'. So to answer your question about how you find good properties, I would say you start by finding the good people, who you trust to be your boots on the ground. 

If you're in need of a mortgager or just want a second opinion to get a better rate from your guy I highly suggest talking with Kyle Deutschmann. Working for one of the top-rated lenders on Lending Tree, he is also an avid BP listener so he is able to comprehensively understand your wants and needs during the process. 

If you're in the area, let's grab coffee! If not I'd love to answer any questions you may have as well as get to know more about what you're goals are! Funnily enough, I also want 2 more rentals by the end of the year! Let's make it happen! 

Hi there Davon! 

Welcome to BP and this crazy world of investing! 

That is so exciting! Congrats on purchasing your first property, that is huge! My boyfriend and I bought our first 'house hack' last year and we are currently trying to purchase our second property and turn our first into a full, income-producing rental (exactly what you're thinking about doing)! It has been a whirlwind since I first entered the real estate game and I love having the opportunity to share what I've learned through my experiences with the next round of soon-to-be millionaire real estate investors.

If you're in the area, let's grab coffee! If not I'd still love to answer any questions you may have as well as get to know more about what you're goals are! 

Hi there Ben! 

Welcome to BP and this CrazyTown of investing! 

I started my career in real estate a year ago by getting my license and acquiring my first house hack! It has been a whirlwind since then and I love having the opportunity to share what I've learned through my experiences with the next round of soon-to-be millionaire real estate investors. 

If you're in the area, let's grab coffee! If not I'd love to answer any questions you may have as well as get to know more about what you're goals are! 

Hi Andrew! I'm sorry for the delayed response, I had a crazy week/weekend and couldn't get on BP! Sylvan Park is a fairly strong, established neighborhood. Very quiet, lots of families, nice park, and easy access to multiple popular commercial/retail strips. Is this the best market/neighborhood/area for appreciation? Not necessarily (there are always those 'What If'/circumstantial properties). LTRs in that neighborhood could do very well for younger families, new to the area or college/grad/medical field students looking for access to all of the amenities of the city, located near Vanderbilt and several other large medical campuses. I am looking for the article that discusses the projection for this year. I am also just waiting on my boyfriend to give me the contact info for our handyman/contractor! Let me know if there is anything else I can help you with!

Hi there Andrew! Welcome to the Music City market! My first question is are you looking for short or long term rentals (I know you said you want to keep the properties long term). I am a Realtor in Nashville specializing in the city's core neighborhoods. I work with a lot of newer investors as well as first time home buyers so I have a great idea for who wants what and where it is! Nashville has a fantastic market for both short and long term rentals! With around 70 people moving here a day there is a high demand for rentals in the city and affordable rentals at that! The influx of over 5,000 jobs this year is set to raise the rental rate by $300! Even without all the locals, Nashville has one of the strongest tourism industry's in the country even surpassing Las Vegas as the bachelor/bachelorette party capital! The city has begun to regulate short-term rentals (e.g. Airbnb) which is good for the investors and our citizens! If you're looking for long-term rentals + appreciation I would keep an eye on our up-and-coming areas like: TSU/College Hill (37209/37208), Buchanan Arts District (37208), Buena Vista (37208), McFerrin Park (37207), WeHo (37203), Woodbine/ Crieve Hall (37204)! I think I have a contractor as well, if you'd like that info just let me know! Good luck!