All Forum Posts by: Chanel Smith

Thanks for the great advice everyone! I think we will start looking in to surrounding areas and taking a more active role in finding the right property. It's good to know there are still properties out there, just gotta put more work into it! Time to stop being lazy :)

It's so true that you're losing money having cash just sit in a bank. We were just debating that if our cash flow on our current house could be around $700 a month if it was worth it to wait. We wouldn't be able to do both - buy a rental property now and hold on to our current home when we want to move in a year or so. 

@Ray Lai - I'd be interested in the other calculator you mention if you're willing to share!

I'm a newbie here and my husband and I are constantly looking at real estate in Nashville, where we also live. We have a rental property in Franklin that was our previous home. We've been looking online (but not with our real estate agent or a wholesaler) to see what's out there. Is there anything out there anymore in Davidson/Williamson county that makes sense as hold & buy or BRRRR? Everything seems so over priced and the numbers don't add up.

Other concerns are:

-Buying while the market is too high. Our hunch is that Nashville won't be coming down anytime soon but we don't know

-Getting into a brrrr and not enough contractors to do the work (we've had enough challenges getting stuff done on our current home). Willing and able to do some sweat equity with the basics ourselves but not able to do plumbing, drywall, etc. on our own. 

We are debating if we should just wait a year until we have enough cash to buy our next house and rent out our current one. 

Thoughts?