All Forum Posts by: Andreas Mueller

Very Interested, have time to talk details?

Welcome! Im a local investor here in Nashville, always happy to meet new folks! Let me know if I can answer any questions and if you want to grab a beer/lunch sometime! -Andreas

Def appreciate that point of view, but a month over month stat is probably not telling. I would advise folks to look at a 5+ year timeline, just like if you were buying another asset like a stock. And again, cost to renovate in CA is triple that of the cities I mentioned above. And we haven’t even talked about tenant laws and permitting restrictions/costs.  I own in the Bay Area and in several cities mentioned. I would stand by my recommendation to invest elsewhere.

Jacob is the ****, if you are looking at STR properties in Nashville, give him a call.

Hi Naomi! Happy to rep you if you need an investor friendly agent in Nashville/TN. Our brokerage is the largest in Nashville and in TN by volume and $. And, I just like talking real estate. If you are considering Nashville, happy to be a resource even if you dont use us. DM me!

Bay Area is lovely, but not appreciating like other areas and if you want to find a place to renovate and force appreciate costs to do so are way out of wack. Highly recommend investing in other long distance markets. Tenant laws are also bringing down values even if you aren't renting the property because buyers have to consider those laws when buying properties.

I'm totally biased, but I moved from the Bay Area to Nashville and still own in both. I am no longer investing in the Bay. Highly recommend Nashville, Rawley, Tampa, Denver, Charleston etc...Happy to chat too if I can be helpful, DM me !

Love this strategy and, As David Greene often talks about, find a place with some extra square footage and add a bedroom. This usually will allow you to pay your entire mortgage and more when renting out the other rooms. If you can deal with roommates, there really is no other strategy that is better. And talk to your CPA about depreciating your home while you are living there and renting by the room. And add a home office to that potentially as well. The tax benefits are significant when you place your home into service, ie start renting part of it. 

 As a former Californian now in Nashville, I am biased. Come join us! Market here is part growth part cash flow. Especially if you can do some renovations. Happy to chat off-line too if I can be helpful.  Im a local investor here. 

You may also want to consider renting month-month or airbnb it for 30+ days as you wait for your permit. 

Can you find a "cash flow" property that needs work, do a renovation and then gain both an equity return on your renovation and cash flow from you renting it?