All Forum Posts by: Marco Torres

I'm in the Nashville market. I'm curious what they mean by over saturated? Over saturated how? Too many rental units? Too many houses? Too many investors? Too many lenders?

As a recent college graduate, I'm going to assume that you're not able to throw money around and put massive down payments on homes.

I would suggest looking into a low down loan, preferably conventional over FHA. You will have mortgage insurance, but at least you'll be in a house with a low down payment.

From there, I would house hack - rent as many rooms in the house as you are able to.

Boom - you just got your start.

In terms of areas, I would look west towards Bellevue, Pegram, Dickson. SOuth as far as Columbia. Get yourself in the more affordable areas and get your house hack going

I have been told there are just too many large investors that have a ton of money to play with.

Thanks for the advice! Seriously motivating. I will focusing on house hacking my first property!

I will be looking into these areas.

0 Votes

Nashville, Tennessee

Quote from @Jacopo Iasiello:

Hi Marco, congratulations on graduating and your upcoming move to Nashville!
Before making any investments, spend some time learning about real estate investment. Read books, take online courses, and join local real estate investment groups. Networking with other investors and professionals in Nashville can provide you with firsthand insight and advice.

Thank you Jacopo! I will keep this in mind. I am trying to absorb as much as I can before the move in the next few months.

0 Votes

Nashville, Tennessee

Hello,

I recently graduated from college and am moving up to Nashville for work. I have no experience in buying or maintaining rental properties and a small savings. A relative lives there now and has a few units giving a regular cash flow but they say the market is over saturated. What is your view? Is starting there worth it? Would it be better to start a little outside the city?

Thanks.

-Marco

1 Vote

Nashville, Tennessee

All Forum Posts by: Marco Torres

Marco Torres has started 1 posts and replied 3 times.

Post: What is your view on starting rental property investing in Nashville, TN?

Post: What is your view on starting rental property investing in Nashville, TN?

Post: What is your view on starting rental property investing in Nashville, TN?