All Forum Posts by: Eli Martinez

Hello, I am looking to invest in a rental property such as a condo or townhouse in Nashville.  I was looking in Southeast Nashville in the Fair Oaks, Hickory Valley Estates area which is north of Lenox Village. Prices seem to still be affordable and the numbers makes sense.   Does anyone have any experience with this area? I know that East Nashville is hot and the prices are through the roof. I am not sure about  Southeast Nashville but the prices are still very good.  Is this a tough area or is it now an up and coming area?  Any feedback would be appreciated. Thanks !

Thank you for the warm welcome Dave,  I most definitely will.   

Thank you Bret and Andrew for taking the time to respond to my post.   Bret, to answer your question, I purchased the property personally. Andrew, I did buy primarly for appreciation.   I knew there wasn't much cashflow in it and just wanted to have it set up so that the tenants pay the full mortgage for the most part.   

Hello, let me  Introduce myself.   My name is Eli Martinez and I am from Southern California. I bought my first investment property in 2015. I am gearing up to do my first flip and would like to learn all I can before I make a purchase.  My goal is to get into Real Estate full time and get out of my 9-5 job.   I am a complete newbie  who is seeking knowledge and advice.  

Hello Bigger Pockets community,

   I purchased my first property in November of 2015.  It is a duplex in the city of Pomona, CA.   I am very lucky in that I bought it below market value, did some light fixing up and it has appreciated about 100K in 16 months. I currently rent out each unit which covers my mortgage and then some. I really want to get into fix and flips and I am considering selling the house so that I have start up capital.  Here is the breakdown of my property below. 

Mortgage - 2250.00 a month 4% interest. 

Rent paid by tenants -  2650.00

Water, Trash, Gardner 200.00

Passive Income 200.00

I would like to know if I should sell the property so that I actually have investment capital for a flip or hold on to the property .    

Thank You,

Eli