Investor · Knoxville, TN · Member since 2016 · 47 posts · 86 votes
My name is John Morgan. I have a wife and a daughter named Addison as well as a son that is due in April. I am a third grade teacher in an Inner-city school in North Knoxville and am originally from Dallas, Texas. I am looking to get into real estate investing through Fix and Flips as well as Rentals. Right now I have spent the last 6 months reading books on real estate investing and am looking to start to get plugged in around town. I am currently on spring break and, while watching my daughter throughout the day, am creating my "business plan" on what I want to achieve in real estate.
Investor · Knoxville, TN · Member since 2011 · 205 posts · 91 votes
10y
@John Morgan First - just curious, are you teaching at West Haven?
Investing in real estate is definitely something you can learn. Think of it as a foreign language. It is easy to learn 100 words but sentence structure and conversation take time. At the KnoxREIA.com meetings we caution everyone to never be in a hurry to invest and 90% of what you need to learn is free.
The Knox Metro Area is diversified, stable and growing but it is definitely income limited as to how much can be charged for rent and housing. I suggest you go to YouTube.com/KnoxREIA to see a range of topics which are important to active investors in Knoxville. Especially watch the videos highlighting our Disclaimer and Split-Foyer remodel.
Investor · Knoxville, TN · Member since 2016 · 47 posts · 86 votes
10y
Yes I do. I was very fortunate to purchase my first house during the bottom of the market in 2013. Rates were extremely low and so was the price. Fun fact I was able to get an USDA Rural housing loan that let me finance at 100% since the house is "in the country." It is really 5 minutes from downtown Knoxville. I was able to take the down payment we were saving and put it into improvements in the house.
We are active investors in Knoxville and think it is a great market. If you need help writing up a business plan, PM me. The market is favorable to fixes as well as buy and holds
Investor · Knoxville, TN · Member since 2011 · 205 posts · 91 votes
10y
@John Morgan First - just curious, are you teaching at West Haven?
Investing in real estate is definitely something you can learn. Think of it as a foreign language. It is easy to learn 100 words but sentence structure and conversation take time. At the KnoxREIA.com meetings we caution everyone to never be in a hurry to invest and 90% of what you need to learn is free.
The Knox Metro Area is diversified, stable and growing but it is definitely income limited as to how much can be charged for rent and housing. I suggest you go to YouTube.com/KnoxREIA to see a range of topics which are important to active investors in Knoxville. Especially watch the videos highlighting our Disclaimer and Split-Foyer remodel.
Knoxville, TN · Member since 2014 · 8 posts · 1 vote
10y
@John Morgan Hello and welcome! I can second @Victor Jernigan's recommendation for checking out Knox REIA. Watch the youtube channel and check out a meeting if you can; the members there are above and beyond helpful, and really helped my husband and I kickstart our real estate investing careers here in Knoxville. We are currently working on a Buy and Hold project in the Parkridge neighborhood of East Knoxville. Feel free to PM me with questions or if you'd like to stop by to check it out!
Investor · Clinton, TN · Member since 2015 · 16 posts · 4 votes
10y
Welcome! I renovated my last property while my son was in womb. I still remember crunching numbers in the hospital while baby and mommy slept. The nurse brought me a coke float. Ha. I think I was pricing under mount sinks and faucets. Took me hours because I was delerious, but it made me feel productive (at the time). I've learned a lot since then through hard knocks and podcasts...but still have much to learn...
Investor · Denver, CO · Member since 2016 · 213 posts · 57 votes
10y
@John Morgan we have had great luck with a duplex.. also i like to look for SFH's with favorable zoning so that the land will have some added value down the road... light rail is gaining traction all over so keep an eye on areas that may be easy for right of way... old abandoned train tracks....
Investor · Knoxville, TN · Member since 2016 · 47 posts · 86 votes
10y
@Victor Jernigan No I teach at Inskip. I am definitely going to check out the KnoxREIA. My plan is to keep doing my research by reading and rereading as many books as I can to gain knowledge. I don't want to push investing to quickly and get burned out by a stupid deal or mistake. Luckily I have surrounded myself with many great mentors and have discovered a great online free mentor program through BiggerPockets.