All Forum Posts by: Chi Sastry
Chi Sastry has started 18 posts and replied 52 times.
Post: Land In Chattanooga TN
- Posts 53
- Votes 12
Hi BP friends.
I just bought some land in Chattanooga TN. It came with property but separate parcel.
what insurance do I need for the land.
Thanks!!
Post: Sub-To mentorship/education or mastermind options...
- Posts 53
- Votes 12
Quote from @Jay Hinrichs:
Quote from @Chi Sastry:
Don and Jay - thank you so much!
Good to know that I should look at seller financing first....
I hold 5 properties (making up 17 doors) in NC and TN since 2020. What scale should I be at to explore sub to?
One of my properties in 2023 needed some rehab - I'm thinking of potentially going the BRRR route which gives me 90-100% financed option. Assuming that has some risk but not as high as sub-to.
Thanks again!
well your far from a beginner so I am sure you can deal with any of the creative financing vehicles.. my advice was for someone just starting out.
Thank you Jay! Any recommendations on how to do my 1st sub-to. Do you recommend a mastermind or learning group?
Best,
Chi
Post: Sub-To mentorship/education or mastermind options...
- Posts 53
- Votes 12
Don and Jay - thank you so much!
Good to know that I should look at seller financing first....
I hold 5 properties (making up 17 doors) in NC and TN since 2020. What scale should I be at to explore sub to?
One of my properties in 2023 needed some rehab - I'm thinking of potentially going the BRRR route which gives me 90-100% financed option. Assuming that has some risk but not as high as sub-to.
Thanks again!
Post: Sub-To mentorship/education or mastermind options...
- Posts 53
- Votes 12
Quote from @John Clark:
Quote from @Chi Sastry:
Hi BP fam!
I'm starting to investigate more creative financing options to scale faster in 2025 - 2030. Seller financing, Sub-to along with BRRR seem to be the ones that have the most options when it comes to 90-100% financing. I'm keen to learn sub-to - other than Pace, are there other masterminds or options that I might use for some mentroship/education?
Thanks!
Chi
Where do you want to do this relative to where you are, and why?
My initial reaction is to tell you to get your head examined, but as I get older, I get kinder, so I’d like answers to the above questions before I tell you to get your head examined.
If we can have a productive conversation- please do respond - otherwise I’m ok to find others who can help.
Take care!
Post: Sub-To mentorship/education or mastermind options...
- Posts 53
- Votes 12
Thanks Chris. Yes. He was one of them also. Good to know.
mid really like a 1:1 mentor. If that was an option too. But I’ll explore the groups that have more action/outcomes focus and go from there.
Best,
Chi
Post: Sub-To mentorship/education or mastermind options...
- Posts 53
- Votes 12
Hi BP fam!
I'm starting to investigate more creative financing options to scale faster in 2025 - 2030. Seller financing, Sub-to along with BRRR seem to be the ones that have the most options when it comes to 90-100% financing. I'm keen to learn sub-to - other than Pace, are there other masterminds or options that I might use for some mentroship/education?
Thanks!
Chi
Post: Investing In TN
- Posts 53
- Votes 12
Quote from @Nate Armstrong:
Quote from @Chi Sastry:
Im looking to buy multi family properties in TN.
Apart from Nashville and Murfreesboro - what are the other good markets? Ive narrowed it down to 10 markets but wanted to speak to anyone in these markets that doing any REI work. Buy and Hold Peeps or Brokers /Agents also.
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1. Nashville-Davidson–Murfreesboro–Franklin |
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2. Knoxville |
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3. Memphis |
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4. Chattanooga |
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5. Clarksville |
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6. Jackson |
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7. Morristown |
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8. Cleveland |
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9. Johnson City |
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10. Kingsport-Bristol-Bristol |
Thanks!
Kentucky is a great state for real estate investment, offering solid cash flow potential and a vibrant rental market.
Hi Nate. Thanks for this. Which markets in Kentucy would you recommend? It’s on my list also.
Post: Investing In TN
- Posts 53
- Votes 12
Quote from @Gino Barbaro:
The only other one I can think of is Clarksville. Great list. There are people still moving to TN, which will continue to push pricing up, and while most of the country has seen rents either flatten or go down, most of these markets have done pretty good.
Problem is in the short term it may cause an affordability problem, especially in the smaller markets that don't have enough building. I saw a stat the other day that over 60% of multifamily in Nashville has been built within the last ten years.
Good luck
Gino
This is very helpful. Thanks Gino!
Post: Investing In TN
- Posts 53
- Votes 12
Quote from @John Mason:
What are your comfortable price points?
I’m in the below 500k range for a 4-plex.
Post: Investing In TN
- Posts 53
- Votes 12
Quote from @Mike Morgan:
Quote from @Chi Sastry:
Im looking to buy multi family properties in TN.
Apart from Nashville and Murfreesboro - what are the other good markets? Ive narrowed it down to 10 markets but wanted to speak to anyone in these markets that doing any REI work. Buy and Hold Peeps or Brokers /Agents also.
|
1. Nashville-Davidson–Murfreesboro–Franklin |
|
2. Knoxville |
|
3. Memphis |
|
4. Chattanooga |
|
5. Clarksville |
|
6. Jackson |
|
7. Morristown |
|
8. Cleveland |
|
9. Johnson City |
|
10. Kingsport-Bristol-Bristol |
Thanks!
Hi Chi, Chattanooga is a great market to look into. We specialize in out of state clients and Multi family is our specialty. I would be happy to answer any questions you may have.
Thank you,
Chi