All Forum Posts by: Myrna Gourgy

I am currently investing in the Nashville area, and the people I work with are finding a ton of deals a month in Nashville with insane margins for flips. I love Nashville's market with 100 people a day moving to Nashville the days on the market are much lower than many surrounding areas. :) Happy Investing 

Hey Ron I'm an investor in Nashville, and with the market booming the way it is with the population increasing one thing a lot of investors say is the demand is high and the supply is low making this a sellers market. With the team we aren't having any trouble at all finding properties throughout the greater Nashville area. 

Your strategy is a great way to start. I wouldn't give up on Nashville just yet. Nashville was recently ranked the 7th fastest growing city in 2018. I assure you Nashville still has a lot of opportunities some hot areas right now are North Nashville, Madison, Antioch, Woodbine, etc. These areas are growing and I have over done my marketing and got my hands on a ton of leads for next month. 

Also something to consider is hard money lending. Nashville average for hard money is 12% and 3 points. With the hard money lender I have the rates are 7.75% with 1.25 points. If you have any questions let me know. 

Happy Investing :)

Hey David, thank you for serving. It is great to hear that you are new to REI. I would recommend reading Grant Cardone's books or even watching his youtube channel. He talks about a lot of aspects in real estate. What cities are looking to start investing in?

I don't want to make the decision for you, but if you do decide to sell your property you can look into something called a flat fee listing agent. This is a cheaper way to avoid commission and just pay a flat fee. It gets listed on the MLS by an agent and they put a lock box on your home and it can get sold that way for a lower cost.

@vladimir kuvshinov its great to hear your interest in expanding your market out of state. Nashville is actually a pretty hot area. Looking at a market's trends is something to consider when investing. An article in the Tennessean talks about the rankings and trends in Nashville. The emerging Trend in Real Estate Report is based on interviews and survey responses from more than 1,600 real estate experts. Nashville has also been ranked among the Nation's top ten real estate markets for3 straight years.

In Nashville, houses still remain affordable when compared to the nation based on the Trends in Real Estate. Another thing to consider is Nashville's rapid growth. On a net basis, it has been predicted that Nashville's population will increase significantly increase over the next 5 years. Buy Fix and Rent opportunities allow you liquidate your funds, but Recently Nashville has had a average gross 48 percentage gain. I have also seen a lot of people make great flips with over average after return value. Either direction you choose will benefit you.

@Ryan Zaninovich its great to hear your interest in expanding your investments. I understand your concern about the market but I assure you there are still some great deal here a good example is Nashville, TN. I have come across many deals. I just read an article in the Tennessean that says the average gross 48 percentage gain. Doesn't seem like much, but that is an average. Every deal that I have come across and have gotten my hands on here in Nashville has been well over that average because of the many connections I have here in Nashville. 

Looking at a market's trends is something to consider when investing. An article in the Tennessean talks about the rankings and trends in Nashville. The emerging Trend in Real Estate Report is based on interviews and survey responses from more than 1,600 real estate experts. Nashville has also been ranked among the Nation's top ten real estate markets for 3 straight years. In Nashville, houses still remain affordable when compared to the nation based on the Trends in Real Estate. Another think to consider is Nashville rapid growth. On a net basis, 20,000 people are expected to move to Nashville over the next 5 years. I assure you that is a very positive trend to consider when making your investment. 

Nashville is a growing very quickly, and right now is a great time to invest here. I'll be honest with you these properties are older, but if you are willing purchase and putting in money for renovations the returns look nice on both single family and multi-unit properties long term. 

I just saw this and hate that I missed it. I hope that the meet up was very successful. I was wondering how often do you all have meet ups in the Nashville area?