All Forum Posts by: Kierna Mason

Hey! I live in the tri-cities area (Johnson City), but I'm also interested in the Sevierville, Pigeon Forge and Gatlinburg markets. I like the idea of meeting in Sevierville because that's a better drive than having to go all the way to Knoxville. 

Hello Everyone!

I am an investor in East TN looking to partner with other investors who are located near Knoxville, TN and Asheville, NC. I am specifically interested in SFRs and 2-4 unit multiplexes.

If you are interested in partnering or have similar needs/interest, please contact me!

I’m sure there are several different opinions regarding focusing on being financially sound vs starting investing. However, since you mentioned that you have excellent credit and you’re actively asking the right questions, that at least let’s me know you aren’t completely mindless to your financial situation and you’re responsible enough to think it through. That’s awesome so why not get started in investing if you can handle some risk ?? With that being said, I am in a very similar boat, good job nice credit but no $$. The way I’m going about it is partnering. I knew I had the drive and hustle (since I’ve been educating myself) to find the right deals, all I need is the money. So I focused hard on what I could do (educating myself, boots on the ground going after it, networking) and found a partner to do what I couldn’t (funding). I went to local meet ups, found an investor who was close to retiring but had money in her SDIRA that she wanted to use for investing but couldn’t find any good deals (or didn’t have the time), then BINGO. I emailed her and told her I will find you the deal you are looking for because I had the drive to make it happen. From there, I plan to utilize her as a private lender and put that money towards a fix and flip. Once I sale, I’ll use the profit to put towards an investment property and the cycle will continue. Key takeaways: - if you know you’re lacking in something (money) take what you can do and perfect it. That way you can use it as a way to market yourself and find other investors to fill in the gaps - NETWORK NETWORK NETWORK - Stay determined and your unwavering focus will allow you to make a way when you feel there is no way Best of luck!

I’m in somewhat of a similar situation looking for my first deal and very eager. I have a good credit score, but I don’t have any money to put down at the moment. The market in my area is booming fast and I don’t necessarily have time to save for years just to make my first down payment (even though I still do recommend budgeting, cutting cost, and saving to develop good financial practices). My plan is to start with a fix-&-flip, use a personal loan and combine that with loan from a hard money lender which will cover 80%-90% of the purchase price. I can also get 100% of the rehab covered by the hard money lender as well. Once the home is fixed, I plan to sell and take the profit from that to pay back my loans borrowed (personal and hard money) and use what’s left as the down payment for my first actual rental property. With that being said, there is risk involved but I analyze each deal and make sure that the profit from the flip will give me enough to pay all loans back and have excess. I also consider the option of holding the home for 6+ months, would I be able to cover the loan payments from just my paycheck? What’s the worst case scenario if the home doesn’t sell quickly? Can I cover that? I consider all these things before making an offer and if the answer is yes then I go for it. In short, it’s less risky to save and be patient however, you have to determine how much risk you can take on if you want to move quicker.

That’s a great idea that I’ve been learning more about. I’m currently in an apartment and won’t be able to move for a few months, but will definitely utilize house hacking once I move! I was looking for ways to get started in something now even if I’m not a homeowner myself. It seems slightly more difficult to jump right in vs. house hacking first, but I wanted to explore any options I may have available to me now.

Hey Everyone,

I live in east Tennessee in the Smokey Mtn. region where the market is pretty affordable (primarily looking for homes under 100k). I moved here a couple of years ago and have been studying the market ever since I moved, but this past year (especially the past few months) I've been really researching real estate investing and I'm ready to get started!

I'm currently looking for the best way to "get my feet wet" and I thought buying a fix-and-flip home may be a good way to do that and use the profit as a downpayment toward my first rental property. Since I don't have a lot to put down, I would like to partner and use hard money to cover purchasing and the reno cost.

I wanted to know from those who have experience with flipping homes and partnering some of the pros and cons of utilizing these options. I am open to all feedback and am looking for as much advice as possible.

Thanks!