All Forum Posts by: John Williams
John Williams has started 63 posts and replied 395 times.
Post: What cities are still great to invest in
- Property Manager
- Clarksville, TN
- Posts 439
- Votes 208
Looking for a great balance of cash flow and appreciation in a growing market with solid fundamentals?
Check out Clarksville, TN!
Post: Sticking to Mostly Cash vs. Financing?
- Property Manager
- Clarksville, TN
- Posts 439
- Votes 208
I think many folks getting established simply may not have the cash. If you have the cash available, it is not a bad option, especially with current rates.
Post: Moving to Nashville, TN for CRNA School: Options?
- Property Manager
- Clarksville, TN
- Posts 439
- Votes 208
Howdy!
Considering buying/renting in Clarksville. Lots of folks make the commute. Clarksville is more affordable and has better rent-to-price ratios.
I am a property manager, broker, and investor here in Clarksville. Let me know if I can be of assistance!
Post: Moira Here, Middle TN.
- Property Manager
- Clarksville, TN
- Posts 439
- Votes 208
Howdy!
That's a cool idea. I'd love to own some land here in Middle Tennessee as well. I am a broker, property manager, and investor here in Clarksville, TN. Let me know if I can be of assistance!
Post: Rent Payment excuses
- Property Manager
- Clarksville, TN
- Posts 439
- Votes 208
This may end up being expensive, but consider it your education/tuition. This is a great case study for folks on the fence about hiring a professional property manager.
Post: Wanting to get into Real Estate! Any Tips? Do's And Dont's
- Property Manager
- Clarksville, TN
- Posts 439
- Votes 208
Run your numbers and don't hesitate to dive in! Real estate is a very forgiving industry in the long run (usually). There is a lot of value in gaining experience and getting your feet wet. Get that first deal... and it will snowball!
Cheers!
Post: New Member near Nashville
- Property Manager
- Clarksville, TN
- Posts 439
- Votes 208
Howdy! I am a property manager / broker / investor up here in Clarksville! If you haven't already, make sure you check out our market. There's also a couple of great local meetups if you ever find yourself in the area!
Post: New RE Investor
- Property Manager
- Clarksville, TN
- Posts 439
- Votes 208
Hey Michael, I am a property manager up here in Clarksville, TN (check out our market if you have not already). You can use generic estimates for each of these expenses (which is advisable), but then readjust those estimates for any specific property you are looking at (seriously). For example, CAPEX should be budgeted much differently on a new construction vs. a much older, non/renovated property.
Post: Fixer upper or Good condition house for Rental
- Property Manager
- Clarksville, TN
- Posts 439
- Votes 208
Quote from @An Nguyen:
Hey everyone,
I am learning to get into RE investment field, my plan is taking out equity of first primary house to buy another one for rent (single or multi family). My primary house estimate value is around $450k, I still owe $60k for mortgage, and I have $45k in high yields saving now.
For the last few days I have done some research for fixer uppers projects BRRRR, my lender recommended go for HELOC because we try to keep expenses downs and easy to access the funds. And or course, short term loan for HELOC and then refinance later. But I have read many topics on here, many investors facing difficulties with BRRRR now as the market is "not right" which make me have to think again about this strategy. (70% rule still working for this market?)
My second option is no Fixer-uppers and just buy good condition house for rental investment. But by this way, I do not know if the equity can increase more than BRRRR strategy when refinance or NOT since there is no rehab involved.
With HELOC, I think they allow me to take out 70-80% of equity which will be $250k-$300k. What should be my next move? I am ready for any advice and tips from everyone.
Thank you
An
I think your strategy could work either way in markets like Clarksville, TN!
Post: Short vs Medium-Term Rentals in Nashvill, TN
- Property Manager
- Clarksville, TN
- Posts 439
- Votes 208
Quote from @Cameron Goedde:
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
Unpopular opinion: buy long-term rentals (12 months +). STR's are overrated and saturated.