All Forum Posts by: Kelli Napoleon

Hi 

I am looking at a few properties around Jefferson Street and have heard mixed reviews. I am not from Nashville so it is hard for me to gauge the area. My question is how is the area? how is the crime rate? Is it good to invest in the area? how is the rental market? what kind of crowd live and move there?

Hope to get some real advice from you all.

Vishal

I am new, like pre-school new, to real estate investing and am confused about where to even start.  I have looked at several courses and they all want my investment $ to teach me how to invest.  Ummmm.  So for now I am striking out on my own.  Well, alone until I found this site.  But this site is overwhelming with all the info available here and I have to idea where to begin.  Anyone have the first 10 steps to take?  That would be a good beginning.  I am checking out a couple of books to read and I have the time available to study and learn.  And most importantly I have the desire and the why!

Hello to all!

I am new here. Just starting out and looking to learn as much as I can while still working a 9-5. Getting into REI as a way to leave the rat race and live a more family and friend filled life. Please fill free to hit me up here if you are in the Nashville area (I am actually in Smyrna).

See you around,

Joseph

I'm a Real estate investor new to the middle TN market and am looking to build a team of agents, lenders, contractors etc. I will be primarily wholesaling but I personally will be looking for Buy and Hold of single family and residential multi family units. I look forward to connecting and working with like minded people!

What to say? I went to sign up on the advice of a friend and realized I had signed up 11 years ago and never used the site. Time to do something finally!

Hi All,

New to the forum so thought Id say hello. Joined the community in the hopes of networking with like minded folks.

A wee bit burnt out from the corporate 9-5 hustle so exploring Real Estate as a means of building wealth and some freedom for me and the family.

Hope to connect with some of you soon

As a newbie to real estate investing, I'm excited to embark on this journey of building passive wealth. I'm particularly interested in investing in single-family homes (SFHs) or multi-unit properties in emerging cities across the United States. To make the most of this opportunity, I'd love to hear advice on promising emerging cities to focus on, the advantages and disadvantages of each, and alternative financing methods beyond traditional mortgages

Hi everyone, we are dipping our toes into the Nashville market. We have boots on the ground for the next 2 months with other work there and are looking for our first fix and flip or brrrr. Looking for an investor friendly agent who can help us navigate the local market with our first deal. Thank you in advance!

My husband and I are considering selling our current business and reinvesting full time into house flipping (eventually then building our own real estate portfolio, as well). We would like to have more input from more experienced investors on the validity of this idea / any gaps we might be missing.

We currently own a remodeling company. We already have the construction experience/sub crews needed to flip homes anywhere within a 120 mile radius of Nashville, TN (including Chattanooga). My husband is Guatemalan and very well connected, plus he speaks Spanish which makes managing projects even easier for our crews. We are not real estate licensed, so that would be the biggest area of opportunity to learn (we'd use a realtor at least in the beginning).

We are considering selling the company because 1) my husband hates managing W2 employees/operations (but he loves working with subs) and 2) it would give us extra cash up front to reinvest. The downside is that our monthly income would go away, but he also would no longer have to manage the business, either, and can spend all of this time on the flips/building his wholesale side of the company.

After the sale of the company, we have:

• 9-15 months of personal expenses in savings to live off of
• Start with $100k cash and do micro flips to avoid the risk of a hard money lender and losing our tail if something doesn't go right or sell quick enough
• 
  Once the house sells, reinvest all the cash back into the next flip and continue doing this until we are doing multiple flips at a time (he can manage 4 large projects at a time by himself, so we assume up to 4 active flips at a time eventually)

Pros of doing this:

• No longer having to manage W2 employees/operations (this used to be my role but now that we have kids I want to stay home, not do this)
• Getting a larger chunk of cash to start flipping quicker vs waiting 1+ years to save enough cash for the first flip
• Using cash reduces our risk of losing money with a hard money lender if the project takes longer to sell, rehab, etc. If the house takes longer to sell, we aren't losing money every month on interest payments and can hold for the right sell price.

Cons:

• We lose our regular stable monthly income and have to rebuild again (we have done this before - this would be our 2nd "bootstrap, build, sell" business)
• We lose our 5 year history when it comes to conventional mortgages and moving into a new home for our own family in the next 2-4 years

Thoughts / recommendations? Any input is appreciated! Thank you so much!