All Forum Posts by: Kyanne Mader

Hey @Christopher Rodriguez

Local agent here! There is a lot to breakdown from your post and I certainly won't be able to hit it all here. We have seen the market shift some and are starting to see more of the sellers concessions in the areas surround Nashville such as Hendersonville, Gallatin, Madison, etc. However this is not happening so much in Nashville as it is still incredibly expensive and desireable. 

It sounds like a great option for you would be to talk to some additional lenders/agents and get their take on it. I am not a lender, but I can't imagine you getting a $250k loan with downpayment assitance and have it be less than $1400/mo. 

Buying a primary home is a great way to get into a property with little down. Also this market is a great area to invest in and has seen a lot of appreciation. So I would definitely say getting into a property if you can comfortably do so is the best option. The sooner the better! 

I do specialize in all of middle TN so let me know if you would like to connect and we could get a little more in depth. 

Hello everyone! 

I am looking for insight/advice/ideas on where to go or what to do next in my investment journey. 

I currently live in Nashville TN. I am a real estate agent here and currently live in my home that I have renovated. 

Background: I have typically done the BRRR method. My first one was in Colorado Springs, My second home was in MT, and now my current home outside of Nashville. My current home is ready to rent and I am ready to move onto the next phase. My problem is that I would love to scale my business. I enjoy fixing up homes and working as an agent as well. Nashvilles market is insane and the BRRRR method just does not work with rates. Most surrounding areas are just as expensive. So the only options are to house hack or buy and sell- which isn't honestly the best idea right now.

So, should I try to house hack in/around Nashville- or move to a different market where I would be able to move quicker or have better opportunities. I am totally open to relocating. Thoughts?  

I do work a full time job which is my primary income as well. 

Hey everyone! 

Does anyone have recommendations for Portfolio lenders or Credit Union LO lenders in the greater Nashville area? 

@Steve Kiernan There is an awesome market for STR anywhere around Nashville. As most other people have said there were major changes with permits and in January this year they voted to not permit NOO STR in residential areas. So you can do mixed use or commercial. East Nashville is an amazing area but very expensive. Most STR people will want to be close to down town. East is a great option, if you could get a condo downtown even better. You could even do north Nashville around Trinity. I work with investors and have seen many have very successful STR's in those areas. The biggest cashflow would be immediate proximity to downtown. However there is great potential all over middle TN. The housing is also more affordable in some other areas and other counties immediately surround Nashville that do not have the same permit issues as Davidson county (Nashville). Let me know if you want to chat more about other areas or have any specific questions.

Hey Case! Id love to get coffee. I am an investor here in the greater Nashville area and work with many investors. 

Hey Matthijs! Congrats on looking at your first rental!! Glad to hear you are reading books, there is definitely so much to learn when investing. I am also in the Nashville market and am an investor myself and work with a lot of investors (realtor). My suggestion prior to using your equity or taking a loan would be to talk with some lenders and see what your rates would be right now on an investment. Some rates are making rentals harder to pull off depending what your goals are (cash flow, home value, etc)  Then I would start looking at the property type/price ranges you are looking for and see what makes the most sense for you. Id love to get coffee or something and discuss with you. 

6 works for me!

I am also thinking maybe lets do a meet up February 22nd? Maybe 6 or 6:30 at East Nashville Beerworks? Let me know if you guys are in and what time.

@Alexander M Dant @Austin Helfrich @Reid Chauvin @Cullum Stirling @David Dirro @Dave Malone @Mark Ring @Cameron Marburger @Kathleen Smith @Wendy Thurst 

@David Feng I am in!! I can definitely meet you there.

Hello BP people! 

I have a financing question! I am desperately trying to find a company who will do a HELOC on one of our homes so we can purchase some new properties. The difficultly we are running into is I just changed careers- am now self employed. My husband doesn't make enough to qualify on his own either. I don't have two years work history in my new business- so we aren't being considered by anyone. We have a 750+ credit score, have previous investment history and three properties already. I really don't want to wait two more years to be able to take a HELOC and get more property. Anyone know of any options?