All Forum Posts by: Steve M.

 I'm not "shy" per say ... but I was certainly out of my element.  I'm actually quite the talker ... haha

Good luck!

First one I ever went to several years ago = Didn't say a word. 

I watched & listened and tried to pick up on as much information as I could :)  Second time around was much smoother as my nerves were in check because I knew what to expect!

Welcome to the Buy & Hold club!  This forum has a wealth of information and knowledge!  Pro's are always willing to step in and help, so never hesitate to ask!  Good Luck!

Here in Nashville ~ Real estate is appreciating everywhere, QUICKLY.

Deals via the MLS are few & far between. They can be found, but timing, patience, and negotiating skill really come in to play. Construction is non stop (both commercial & residential) and the city is expanding quickly. The amount of Yankee/Cali plates we see is incredible. Rental market is strong ...

With that said, I am very picky on where I pick up a rental, and the numbers just have to work.  An example of numbers here ...

$150k 3/2 post 1970 house, and you'll be looking at about $950 - $1300 range depending on the neighborhood.

$200k 3/2 and you'll be looking at about $1400 - $1500

$300k 4/2 and you'll be at about $1800 - $2000

Market rent north of $2000 is rough here in Nashville & the burbs.  Most houses can't command that, and even if they can, finding tenants willing to shell out that much $$$ are few & far between.

My goal is ALWAYS 1%, and my properties are all there minus my old $300k primary residence turned rental.  We've topped out there at about $2000-2100.

You passed on it because of that kitchen?  

Assuming the numbers made sense, I'd have no issue ripping that all out and replacing :)

Rehab looks great!  Interesting choice on the forest green exterior.  

Numbers look alright, although I would have gone with a 30 yr note, simply for the fact that if you do run in to issues ~ you aren't stuck with a hefty mrotgage payment :)  You can ALWAYS add money towards principle, but if you fall upon hard times, you can never take away money from the mortgage payment :)

All in all, it looks good, and your renters will love it!

Similar to this ~ although not a DIY mistake. Leaving the utility bill in my name on a SFH and forgetting to cut it off for 2 months :(

What are the numbers/details?  

And if you think that's rough ~ you ain't seen nothing :)  

Welcome!  

Truly Passive Income = 3 Fund Lazy Portfolio (Index Funds)

IMO ~ There really is no such thing as completely "passive" real estate investing unless you have a large multitude of properties and have hired someone yourself to manage them.  Even then, you still have to manage the PM.

Others will disagree ~ but that is my $.02 cents