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All Forum Posts by: William Allen

William Allen has started 3 posts and replied 4 times.

@Joseph High I'm going to be working with an out-of-state investor trying to enter the Nashville market. He wants to make a small vacation home purchase before developing. Will they be rejecting renewals for residential properties? Or would you be grandfathered in if you get the license before 2022? 

Looking to potentially list an investment property as an airbnb/short-term rental. For those of you who have airbnbs or friends with airbnbs, have you ever run into issues with getting the short-term rental license? Are there any bureaucratic hang-ups that I should prepare for?

I know Brandon and the rest of the BP team talk about utilizing FHA loans early on in the RE investing journey. I feel like I hear of all the success stories: "I started by getting an FHA loan on a triplex and now I have 50+ units!" I know they make for great podcast episodes but do you know anyone or have you ever gotten hurt using this strategy? I know some investors who emphasize putting 20% down at the very minimum. What are y'alls strategies to mitigate risk when it comes to vacancies, unexpected expenses, or economic downturn?

I'm a recent college graduate working at a tech company in Nashville, TN. I grew up in Nashville and have loved seeing all the recent market growth in recent years.

At the moment, I have a good bit of student loan debt. I should be able to pay it all off in the next 2-3 years based on my annual salary, but I've been looking into ways to supplement my income and get it paid off faster.

My job is fairly standard (45 hours/week) and I have more bandwidth. I have some good connections in the realtor world so I have considered becoming a part time realtor. Do you think this is a good next step to accelerate my student loan payments while learning about the real estate market? Do you have other ideas of how I can make side income while also building some human capital? Thanks!