All Forum Posts by: Ryan Cousins

Second: Test it out by renting the property for a year. This will give you a clear understanding of its rental potential and whether it’s worth it as an investment. It’s also an excellent opportunity to gain property management experience. Then, if or when you decide to sell, you’ll have valuable insights to apply as you roll those proceeds into your next investment property.

@Gregory Schwartz That's a good callout on both, but especially the Capital Gains Tax. We may be able to move back eventually in the next 3.5 years.

1 Vote

Quote from @Caleb Brown:

Totally up to you. If you can stomach the negative and any repairs for the next 5 years then long term wise it'd be worth it. Seems like it'd be lower maintenance since it's a new build and in a nice area. Keep in mind it is a risk and speculation, if something happens(market tanks, job loss, etc) then you will be out money. If there is equity can you use that to reinvest and come out better ahead doing something else?

Yea great call out. There is some equity in there, but didn't want to touch it. We are leaning towards buying in the new area if we love it with some W2 income that we will set aside.

0 Votes

Hi All! Have a scenario to run by everyone:

My wife recently received a job offer in which she would make a lot more money, but we would have to relocate. We are currently own our home which we bought about 1.5 years ago (numbers below). It's a 3 Bed 3 Bath new construction home in which we love the area and think there is going to be a lot of appreciation in the area as it matures. The tricky part is that if we hold onto it , we surely will be in the red if we decided to rent it out. We will be renting in the area we are moving to which will be renting. It will be cheaper than our mortgage and our incomes will be increasing. I am leaning towards holding onto the home, but would love to get everyone's thoughts!

Our mortgage is $5965 and I believe we could get anywhere from $5250 to $5500 on Monthly Rent. I would be self managing the property because I know the area well, have local connections to help out if in a pickle, and could get there in a day drive if need be.

2 Votes

Quote from @Andrew Austin:

Ryan, how long are you all planning to hold the properties? We have a lot of clients investing in East Ridge and North Redbank/South Hixson at the moment, with longer termed clients investing in Glass Farms and Alton Park for more of a long term appreciation play.

Ideally it's a long term hold for 10+ years. Have heard good things about South Hixson.

0 Votes

Chattanooga, Tennessee

My partner and I are currently hold 2 properties in the Glendale area that have done quite well. We are starting to look at another property soon and wanted to see where else was doing well. Highland Park and Ridgedale looked promised, but was curious from locals what looks to be promising?

0 Votes

Chattanooga, Tennessee

1 Vote

Chattanooga, Tennessee

Quote from @Senami Craft:

Hi @Ryan Cousins! Yes we were successful winning bidding wars 3 months ago using the family postcard technique;) Basically, we added a cute picture of our family along with our offers (which were based on conventional financing) and our “humanity” made us win over the cash offers. Good luck!

Great idea!

0 Votes

San Diego, California