All Forum Posts by: Sarah Jordan

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $238,000
Cash invested: $26,000

It's a single family home in Clarksville - we are currently furnishing & painting to prepare it for Airb&b publishing.

How did you find this deal and how did you negotiate it?

I found this deal on a subto Facebook group from a wholesaler

How did you finance this deal?

I took money from my 401k

Lessons learned? Challenges?

Currently learning the lessons - broken/missing blinds, flooring that needs to be fixed, there is a hole in the bathroom door. Nothing major - just cosmetic

Hello,

I'm looking for recommendations for GCs in the Nashville/Middle TN area. 

@Travis Provin - here is the latest analysis I've ran: https://www.biggerpockets.com/analysis/rentals/c922503d-9442...

I'm trying to find something that will cash flow as LTR but will be aiming for MTR in the end. 

@Mason Weiss - getting my MTR comps from MashVisor. 

Hello,

I've been analyzing a ton of properties in Greenville, NC for LTR (hopefully to move into MTR) but I can't seem to find anything that will have a positive cash flow. Is that just the market right now or am I potentially doing my calculations wrong?

@Doug Spence - I do plan on self-managing my first several properties. I did not include utilities in the LTR calculations but I do know I will have to cover as STR/MTR & also furnish the home.

I plan on using a vacation/second home loan for this property. 

That's good advice to make a lower offer to factor in new roof/HVAC. 

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Hello,

I'm hoping I can get some eyes on this deal to help me determine if it's a good purchase for my first investment property. I'm hoping to rent it out as a MTR since it's 1 mile from the major hospital. It does cash flow as a long term rental, and it should cash flow about $975 as a MTR & $1771 as a STR.

My concerns are that it's being sold "as is" and the real estate agent said the following about it:

"The HVAC is old and the Roof is 15+ years old. That’s where the “as-is” comes in, per the listing broker. The area is in transition but its location is really good. There’s a lot of rehabbing and restoration efforts in that area which is why I’m pegging it as a property to look at."

Any info is helpful!

Hey friends,

How do I estimate rehab costs if there are tenants in the property preventing me/a contractor from going inside?

I am searching for good deals via Invelo, and I want to know what investors are looking for. 

What house condition would you not buy?
Is there an area where you would not invest?
What makes a great deal for you?

Any feedback would be helpful!

I am brand new to REI and have been watching the auction properties. I found one that seems to have a very high resale value for the relatively small starting bid price. It was built in 2019, and from the looks of the pictures, shouldn't need too much rehab if any. What are my first steps to knowing if this is a good deal and finding a buyer? If it goes to auction before I can get in touch with the buyer, is it too late?

Thanks in advance!

Hello! My husband and I are just getting started learning all that we can about real estate investing and would love to meet some people who are currently in the game in and around Nashville. We are looking at starting with airb&b rental arbitrage due to the low capital needed to get started, but I am not married to that strategy if I find another avenue. 

We would love to get coffee and pick your brain!

Sarah