All Forum Posts by: Jeffrey Holst

@Teague Anderson that's great. I love duplexes in Chattanooga they generally have a solid return. I own several myself and am happy with them.

@Anton Ivanov congrats

@Ian Evatt personally I won't do this as a live in flip. I might try to do a few repairs (ie roof and what ever is relatively easy for you to do personally) and then flip it out for a quick profit. Some questions for you to think about What area of town is it? Do you want to live there? What's min you can do to make a profit? How certain are you on comps? Why do you want to do it as a live in? Would it be better to knock it out and make a quick profit? Do you have resources to do this deal? Should you partner with someone? Or wholesale it? These questions are more important to me then what order you do the rehab.

@David Smit I think it's just you. It's not greedy unless they are being greedy. It's not greedy to provide quality housing to renters at a reasonable price. It's no where near anti trust levels. 82k units is a drop in the bucket. There must be at least a hundred million potential units out there for antitrust to apply they would need at least 25% of the total available unites ie 25 million plus and even then it would debateable. I for one hope to have 1000 units min when I quit the game and would be super happy if I could accumulate 50k units and take a company public so many other stock investors could get fair returns off those units. Groups like that a prime examples of capitalism and are what motivates the system as a whole. Further there is so much opportunity out there. It's not fixed sum you and I can easily both have tens of thousands of units and leave plenty of opportunities for people who want 4 to 6 units.

@Michael McCorkle I doubt you can get a 30 year amortization on a portfolio loan with 20% down. More likely you would be at a 15 or maybe 20 year am schedule and probably a little bit over 5% given current market.

@Alex Washburn look forward to meeting you

@Ian Evatt https://www.biggerpockets.com/forums/521/topics/591659-july-chattanooga-investor-happy-hour

@Ian Evatt welcome. Chattanooga is still a great market for that. You need to net work and learn. I think you will probably need owner financing given your work history but that's not impossible if you make the right connections. You should come to our meet up tomorrow night.

@Rachel M. What a fun way to choose a place to live. I am really liking the returns in Chattanooga TN and it's a great town. I think the Midwest has some attractive areas as well, West Michigan ie Grand Rapids is pretty great. In truth there are opportunities everywhere even in CA. I think coastal areas might be good also like Myrtle Beach or the like.

@Tyrel Holman Chattanooga is a great market for small multi families and multi families but like most markets the prices are going up and great deals are getting harder and harder to find. We do have a great Community locally and there are several real estate investor events most months if you do end up here make sure you check out the BiggerPockets meet up the fourth Thursday of every month.