All Forum Posts by: Paul Aguilar

I know Nashville is a hot market. Any 1% returns out there?

@Kenny Smith yes. 

@Kenny Smith yeah, let's do it. I'm going to a SCV meet up next week. You should come. 

@Jim Pellerin thank you. I'll look into that. 

@Clifford Paul I hate to say I agree with you and others. I am leaning towards saving up more. 

Hey there BP fam... I really want to get started in buy and hold RE for cash flow. I don't have much saved up (6k) and I have good credit (700+) with minimal/manageable debt. I've been searching all over California (I live here, just north of LA) and there are some pockets where the properties aren't massively expensive. I've also been looking out of state (nashville, detroit, tampa) to get into something that will cash flow nicely and not cost much to get in. 

What areas would be great for a rookie like myself to start? Note that I'll be doing all my due diligence on the area beforehand. What advice would you give me if you were in my shoes? 

Many are telling me to wait and save up some more money for reserves. But I want to take leap. 

I appreciate your time all of your time!

I'm with @Clay Sellers

I know of a contractor that does work in that area that has the requirements. Are you still in need of one?

California (LA area) is usually 3% of purchase price or $5000. I’ve seen and used both of them. All depends on the buyer and how much money they have on the front end.

Alan Jaeger I’m curious to see what replies this post gets. I’ve had the same question for the past few days and have been looking at areas around Detroit to see where is best to start, if any. I’ll be checking back to see the replies and if I come across any information, I’ll be sure to post it.

@Darius Gary Hows the market in Detroit? Im looking or multi family units.