(Doesn’t have to live in Nashville) Hi Kameren, I live and work in Nashville and am happy to share any insight or connections I can to help you out. Let

My first DSCR loan experience was unexpected.

Flipping is not a passive investment…it’s  actively running a business (and often with many unexpected headaches).

If you are marketing your property as kid or dog friendly, buy things that coincide with that like high chair, kids plates, cups, silverware, kid games, and maybe some kid proofing like outlet covers.

It is no different than maintaining the electrical outlet for the W/D or the plumbing for the washer.  

As we flipped this ourselves from the roof to the flooring, we gained much respect to labor workers and realized even the tidiest things such as changing the outlet covers and installing new plumbing will take up a lot of time!

When financing a large-scale fix-and-flip project, assessing and managing risk is crucial for success.Risk Management StrategiesContingency Budgeting:Set aside a contingency fund (typically 10-20% of renovation costs) for unexpected expenses.Time Management:Develop a detailed project timeline to keep renovations on track and avoid extended holding costs.Partnerships:Collaborate with experienced contractors and real estate agents to mitigate risks associated with repairs and market positioning.Insurance:Obtain comprehensive insurance coverage, including builder’s risk insurance and general liability insurance, to protect against unforeseen events.Exit Strategy:Always have an exit strategy.

A key takeaway from this project was the importance of budgeting for unexpected renovation costs.

A key takeaway from this project was the importance of budgeting for unexpected renovation costs.

@Tosin Oluwatoye a good way to test out your location is to put the concrete pads down, add a 30/50 amp outlet and water line, and then rent out the pads to people who already own their own tiny houses.