All Forum Posts by: Elijah Radford

@Ryan Huynh house hacking has been in the back of my mind since I moved to this city. Ideally I would want to have a separate unit from the renter and not do a by-the-room rent situation which is seeming like the most possible.

Thank you.

@Elliott Elkhoury I like the idea of holding onto rental property a lot more then flipping because of how up close and personal you have to be with a flip. A major issue I have is my job location is pretty much locked in place. I want to look into long distance investing so I’m reading the bigger pockets book on it but still have my worries.

Thank you for your advice, it’s much appreciated.

@Alex Smith I haven’t looked into Chattanooga very much. I like the sound of that.

Hello,

I have been saving up and and reading the basics for several months (Rich Dad Poor Dad, BRRR, most of bigger pockets books, ABCs of Real Estate Investing, etc.)

I have saved up over 30,000 and I’m wondering if I even have enough to make a dent. I live in Nashville and I’m considering house hacking but Nashville’s home prices are outrageous and their duplex prices drive me mad.

I’m curious out long distance or flipping, both of which are intriguing but also seem like a large hurdle.

I’m just curious if anyone has any advice for early investors and how you started. Should I start moving or keep stacking?

Thanks, Elijah

@Luka Milicevic the suburbs sound great. I would love to do this in Clarksville, or Goodlettsville but the wife works in Franklin so I’m trying to keep her commute under an hour.

And since I work in north Nashville a suburb more toward the south sounds like the better situation, but as you get toward Brentwood or Franklin prices go up.

It’s a large balancing act.

@Gerald Pitts Thank you!

@Lucas Carl I have looked into Memphis and I like it but this specific idea I had would be me holding onto a property for the appreciation aspect of it. With Amazon coming to Nashville I’m predicting that houses will continue to inflate and I wanted a house to live in with a finished basement/in law suit anyway. So I’m planning on doing the remodeling regardless and I’m very interested in the legality of renting a space if it would help me live basically rent free while I hold onto and live in it for the foreseeable future.

I am actively searching for a deal here in Nashville. I'm throwing the idea of turning a walkout basement/garage into a loft style studio or 1 bed 1 bath. (Get rid of the garage doors, add wood flooring, kitchenette, etc.) then rent it or AirBnB it around the CMA fest to my wife. I am looking into the possibility of it but I'm not sure where I can find the legality of this type of conversion. Everywhere I'm googling and searching I'm not getting very straight forward answers. If there are any investors in Nashville that have toyed around or followed through with this same idea I would love to hear what you experienced and about where you found your information. Thanks in advance, Elijah.