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All Forum Posts by: Will Cannon

Will Cannon has started 8 posts and replied 14 times.

Some of his other courses might be more beginner focused, but this one I think is definitely for everyone who's new to lending and is comprehensive.

I think he even recommends you have a minimum amount of your own capital to lend before taking the class or you might not get the value from it (although his daughter Darsie (Dorsey?) has a great resource on wrap-lending other people's money).

Hi @Olivia Hardy - Dyches Boddiford is 100% legit.

I've attended some of his trainings and he's definitely the real deal - I've been considering the hard money lending course myself and can definitely recommend him and the value for his training.

-Will

Post: Jackson, MS

Will CannonPosted
  • Nashville, TN
  • Posts 15
  • Votes 3

@Jay Hinrichs Could you help point me towards a reliable investor friendly agent in the Jackson / Meridian area? Have a property I'm buying long-distance in Meridian I could really use local help with to get the property turned around and sold. Thanks!

@Damien Shoemake @Devan Mcclish I'm about 5 years late to this thread, but I've got a meeting with a seller for a property in Madison that's OR20 on .14 acres (which is technically 2.8 units, so I'm not sure if that equals 3 or 2). As a 3/1 (1340 sf) house...it's ARV is ~$160-$170, but it will likely need rehab work and so it's tight for where I'm getting it under contract. Am I missing a huge gem here in that the play for this would be to a developer to scrap it who can utilize the zoning? I think a straight wholesale deal would be very little profit if any, and selling it retail without doing repairs is slightly better, but my stress and risk go way up. Thanks for the thoughts!

Post: House Hack with Roommates

Will CannonPosted
  • Nashville, TN
  • Posts 15
  • Votes 3

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $299,000
Cash invested: $50,000

My wife and I are moving into a 5 bed/3.5 and are going to renovate it, build out an in-law suite to live in, and rent out the bedrooms.

Post: First subject-to flip in Nashville

Will CannonPosted
  • Nashville, TN
  • Posts 15
  • Votes 3

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $167,000
Cash invested: $20,000

Bought this house subject to the existing mortgage of $150k, paid $18k in walkway money. We hosted an estate sale and made $2500 from the house contents. Now we're hoping to clean it up and sell it as a wholetail deal.

Post: First flip in Nashville

Will CannonPosted
  • Nashville, TN
  • Posts 15
  • Votes 3

Investment Info:

Condo fix & flip investment.

Purchase price: $75,000
Cash invested: $8,000

Small condo in the Nations neighborhood. Rehab includes: bathroom demo and rebuild, flooring, paint, and appliances.

BP Community,

I am going under contract on a property that is currently zoned R-1C in Boise. It is a 3/2 SFH but the current owner has it set up as a 2/1 with kitchen, laundry, etc upstairs and a 1/1 downstairs with kitchen, laundry, etc.

Can I get this re-zoned? If so, can someone point me to someone with zoning or someone with experience in this type of situation?

Can I sell it wholetail if I buy it and let the next buyer figure out the zoning issue? 

Thanks for the help.

@Joseph Porter 

Awesome man! I’m a grassroots investor here in Nashville myself. Shoot me a DM sometime if you’d like to connect. I know of a condo in the Nations that’s almost a perfect 1% rule rental that’s going to be listed in a few weeks. 

There's a landlocked property I'm interested in purchasing; it's a good SHF, in a decent location in the path of progress and requires cosmetic upgrades, but is in pretty decent shape. However; it's landlocked and has no easement or access to the road. You have to drive on a dirt driveway which is a part of someone else's lot (vacant owner). I know that legally I can make a strong case for access to the house, and the price for the house is very good! But I'm watching the seller continue to drop the price, and I'm sure it's because other potential buyers are hesitant of the easement also. I've tried contacting the lot owner many times with no response. Is there a way to provide a driveway or other way to solve this problem? Just from observation, I don't want to buy a property and then be the person struggling to sell it in the future because of the easement issue.