All Forum Posts by: David Goodman

Hey everyone. I've had a duplex for the last 5 months in a C/C+ area. Original numbers and inspection report made it look like on paper that I would be cash flowing after raising rents to market rents but month after month so far, something maintenence wise comes up that leaves me in the red a few hundred a month after I calculate reserves, property management, etc. The market in the area has overall appreciated but I don't know if I can simply rely on appreciation to offset negative cash flow.

Should I sell with the appreciated price and use it as a learning experience before moving into an area that might have less maintenence issues or try and hold on to it?

Good evening,
Just getting started with rental property ownership, purchased my first condo (new const) back in June working to get it filled and will be looking into additional properties as time and resources allow. Goal is to have a short term rental for the next project to help fund the addition growth of a portfolio. Thank you in advance for advice and guidance!

Derek

Hi, my name's Owen and I'm looking to purchase a single-family (I plan to rent-by-room) in Nashville, TN. I have up to 50k to put down on the right investment. I just moved here to work remotely as a software engineer.

Anyone have recommendations for lenders and agents that they've worked with or heard good things about?

@Robert Willard

As a consumer, I way rather prefer bnbs over hotels. In fact, I never look for hotels when travelling. With two small children, a bnb is so much better than a hotel. 

As mentioned in above posts, the value you get in a bnb is way better than a hotel. The price per person is so much lower than a hotel would be and you getting more/better amenities. 

In terms of Nashville STRs right now. @Luke Carl is an avid hater of them due to restrictions. However, there are many STR specific developments going up throughout the city that are built for that specific purpose. In residential zones they are no longer allowed as NOO.

It's an expensive game to get into in Nashville, but if you go downtown on any day of the week you will understand why. There is an ocean of tourists and events happening in Nashville every single day. 

Hey all - i live in Nashville, TN and am ready to buy my first rental property. Looking at both short and medium term options and I wanted to see if anyone would be willing to provide any insight on one vs the other. We're limited with NOO STR's, so if I go that route it'll likely have to be a condo. Medium term opens up my property options. Any comments are appreciated!

Thanks!

Cam 

Quote from @Klint Ruud:

Gallatin, Hendersonville, Goodlettsville, Hermitage, Springhill, and Chattanooga. 

All the deals I've done in these areas have produced the highest returns. 

We’re these long term rentals or STRs? My wife and I are thinking of moving to Tennessee from Los Angeles, but we can’t decide where.  Hendersonville, and Nashville are two places that we’ve like so far. We have 2 doors in Cali, but the cash flow isn’t the best bc everything is so pricey.