All Forum Posts by: Andreas Mueller

Only if its new dev or uber distressed. 

But why do you need to? 

If you have other income all you need is 70% of your money out and pair that with your other income. Can still scale with BRRRR.

My A+ managers here in Nashville charge 15-18% depending on the type and number of properties. 

Hope this helps. 

Nashville, Charlotte, Knoxville, Denver, Charleston, Vegas....go to a growth market. 

$6k is a horrible return, you can 1.5X that cash flow comfortably with the right property. 

Find a few multifamily in Nashville (Im biased this is where I invest) in an area that is appreciating faster / in the path of growth (you can find an agent here on BP investor agent finder), force the appreciation through a renovation, speed up depreciation with a cost seg, renters pay down your principal... and bobs your uncle.

In total, with these 5 ways of making money and growing wealth in real estate you should hit roughly 18% total annual ROI

Good luck!

Happy to chat if I can be helpful. 

welcome to the community! If you ever want to talk real estate with an investor in Nashville, happy to chat. 

And I just wrote a blog post on BP on real estate and financial markets. May be helpful to check out.

Be greedy when others are fearful. 

It is a great time for us investors to pickup a deal. Best since 2011.

Sadly I've had several S8 tenants who lost their voucher and then wouldn't move (or pay rent) so we had to evict. It's great in some cities like DC where they pay way above market rent  but here , not so much. And the number of vouchers they give out is highly limited in TN, the state government doesn't put as much money in it as other states. Hell they even pay all utilities and SD in other States. I have a few tenants who want to get the voucher but cant, no money left to fund the program for the year. 

In TN I dont recommend, very unfortunate. 

Great chart. 

Real David Grene's book: Long Distance Real Estate Investing. 

It will be eye opening and walk you through a lot of what you are ruminating on. It's a must in the collection of any residential real estate investor. 

Amazon link:https://amzn.to/4mK6jWT

To get 100% of your capital out you have to do highly levered and full reconstruction, in nashville or otherwise really. It's not 2011-2021 anymore. We were spoiled on historically low interest rates for 10 years.

No longer. 

If you can get 60-80% (I usually shoot for 70%) that is a win. Pair that capital with money you are making in your w2, real estate, other income and do it again. The BRRRR is still alive, just have to adjust.