All Forum Posts by: John Craven

Thank you everyone for all the responses!  Didn't check my email for a bit and, as always on BP, am pleasantly surprised with the amount of responses and feedback.

I'm under contract on a 5bd/5ba new construction.  Good to hear that other folks continue to move forward with purchases in the area, as I've obviously heard about a lot folks walking away from properties as well.

I think it's fair to say that both the GSMNP and the other attractions in Pigeon Forge and Gatlinburg are necessary to maintain recent STR performance. Regardless of whether you are a strong advocate for the area or not, I think everyone agrees that the closure of Dollywood or other attractions will have a negative impact on the area. The question obviously is to what extent and for how long.

Hello BP Members,

I hope everyone is staying safe, healthy and sane in these crazy times.  I am currently under contract on a vacation rental in the Smoky Mountains (approx. 10 min from Pigeon Forge), with a closing date set for the end of April.

My plan has been to move forward with the purchase despite the current environment. However, with Gov. Lee's decision this week to extend the 'safer at home' order through the end of April, I'm becoming hesitant to step in to a property that I can't use or rent when I take possession.

I have sufficient reserves set aside, and I am otherwise able to support the expenses of the property with my W2 income.  So, riding out a few months of no to low revenue wouldn't be a problem, but obviously would result in using up some of my reserves.

I'd like to get y'all's take on how you see the Smokies' vacation rentals doing over the next 3-6 months.  Any thoughts or insight would be much appreciated. 

@Cooper McCoy - I am a relatively new real estate investor based in Nashville. I am wrapping up my first BRRRR property in Middle TN in the next few weeks. I would be happy to chat and be a sounding board for any plans or strategies you are working on.

Hi Carmyn,

This is a great idea and very generous of you and your company!

I'd love to stop by over the next few weeks and check out your rehab process and talk shop.  I'll send you a PM.

Hey BP Community,

Very excited to attend the BP Conference and get to hear from all of these great speakers!  If anyone is interested in getting together and discussing investments in Dayton, OH or Middle Tennessee / Nashville, feel free to send me a DM.  I'd love to meet up and chat.

Also happy to provide any local recommendations for folks looking for stuff to do while they are in town.

Looking forward to meeting many of you!

@David Wright @Account Closed - thank you all for the recommendations!  

I'm very impressed with the number of meetups and other investor resources in Nashville and look forward to checking each of them out!

@Gharib Haji - thanks for the message.  I'll send you a PM.

@Matt Hudson - I respect the shameless plug!  I work for a firm, but would still be interested in hearing about what your agency does.  Feel free to shoot me a PM.  I'd also be interested in hearing about how the first REIN meeting went.

@Luka Milicevic - thank you! 

@Aaron Anderson - I do plan to look in the southern suburbs, so I will most certainly reach out once I get settled in. 

Thank you all for the responses.  I will certainly reach out once I get in town! Excited to get the move out of the way and get settled in Nashville.

Thank you for the meetup recommendation @Dave Malone

Hello BP - I will be relocating to Nashville at the end of this month so I wanted to get a post on here.

I am an attorney by trade and invest in real estate on the side - I currently have a few single-family investment properties outside of Nashville.  Once settled in, I will be looking to acquire properties in the greater Middle TN market.  I am primarily interested in single-family and small multi-family properties with a value-add component.  I plan to target the fringe markets surrounding Nashville proper. 

Outside of REIN, which I plan to join, are there any other local meetups / events the BP community would recommend?

Would be happy to meet for coffee with anyone wanting to network and generally chat real estate.