All Forum Posts by: Dan Beaulieu

You can go on craigslist and find the "we buy houses" ads and then contact them. Call bandit signs and ask to be put on their list. You can also google search for the top ones. Search "Sell my house fast in Chattanooga" and then reach out to them to be added to their email list. Network and go to all of the meetups. 

Also, if you find a good local hard money lender, they probably see where all of the best deals are coming from and can point you in the right direction.

75% of all the Chattanooga deals we fund are wholesale deals. Most turn out to be 75% deals or under after the appraisal comes back, which is fine for a solid BRRRR deal. I've personally bought some great wholesale deals in Chattanooga. If you work with a great realtor who is familiar with all of the wholesalers and also can get you first access to MLS deals, that would be a solid route to go. Great deals are out there on 2-4 unit properties in Chattanooga, you just have to keep looking and analyzing everything. No rush!

I'm with @Luka Milicevic on this one. There really is no right time, and if anybody could time markets, they'd be billionaires. The goal of your house hack is to get your living expenses way down, so that you have more cash to pay down consumer debt and then invest. That's it. No need to look at your primary residence as an investment. If it goes up in value, sweet. But if it goes down, the cash flow of the property is what is going to protect you in the event of a downturn, so make sure that the rents from both sides are more than enough to cover the note and you'll be golden (since you wont want to live in a duplex forever). As for the area, any area you can afford and feel safe with a short commute to work is good. There are so few properties that are going to fit the criteria you're looking for that if you narrow an area down you'll probably never find anything. 

@Timothy Vint I can speak on HGTV first hand...had one of my flip houses filmed by the stars of flip or flop and hgtv said they made 110k profit and sold first day with multiple offers. In reality it took months to sell

And I broke even!

Starting out, it’s not a bad idea to self manage the rehab with subs. You’ll learn a ton, and have less of a risk of getting screwed by a bad contractor. Use reputable companies only, and never pay anything up front.

Stick to easy paint and carpet rehabs. I used to take on a lot of full guts, but it’s just not worth it. Buy right, do the bare minimum, and get it on the market fast. 40k max.

@Manny Fernandez I know of one HML that is still lending 100% LTC in your market...

We Are well capitalized and positioned to whether the Corona Virus pandemic. We are still closing home run deals quickly and funding up to 100%! As a passionate real estate investor myself, I want to do everything in my power to help you succeed.

- Up to 65% ARV During covid-19 pandemic
- Finance up to 100% of cost
- Competitive Rates
- Close in 5-7 business days
- No income verification
- Streamlined, simple approval process
- No pre-payment penalty


If you have a deal under contract, or have a deal in the pipeline and are looking for funding, contact me today!

NASHVILLE, CHATTANOOGA, and KNOXVILLE METRO AREAS 

@Clay Bradley Nashville Sub markets like Clarksville, Murfreesboro, Columbia, Spring Hill, all solid. Within Nashville itself there is potential for greater appreciation, but cash flow is pretty tough. If you want cash flow, and the opportunity to get some better deals, I'd focus on Knoxville and Chattanooga. Those cities are diverse enough in their job base, and they are beautiful and have character. There is still some potential for appreciation there as more industry moves in and job growth continues. 1% + properties that may actually cash flow a little bit can still be found readily, and there are some great wholesalers that are still selling properties at about 75% 

@Ethan Williams Thank you for not just saying you are looking for a mentor. Everybody wants to borrow more experienced investor's time for free! There simply aren't enough hours in the day for most experienced real estate investors. Your proposal is very interesting. Automation / software skills are something a lot of real estate investors need in their business. I'm sure you'll be successful if you stick with it and keep reading and learning. 

@Andrew ShevchukWe are funding tons of deals in Cleveland right now...It's fun to see where all the money is moving...just watch where the most cash deals are happening and where the hard money loans are going. In the last few years I've seen Nashville > Chattanooga > Chattanooga outskirts including Cleveland. We are funding some MEATY deals in Cleveland right now!