All Forum Posts by: Kelly Rastatter

*Announcing the January Chattanooga Investors Happy Hour!

***We regularly have 30-40 people show up but they do not typically RSVP here. They are all on FB instead. See you there!

Thursday, January 23rd, from 5PM - 9PM- we'll meet at Puckett's located at 2 W Aquarium Way in Chattanooga. Kelly will be there at 5:00 pm to meet folks.

As always, this event is a casual, relaxed, no sales and no agenda - it's simply a gathering of area investors. This event has been a lot of fun and extremely helpful - looking forward to seeing everyone again and meeting some new folks!

Where: Ask for the Private room.

Parking: They have free parking on the street after 6 and paid lots right outside the building. Use Park Me Lot Search

Note: Normally, this event is normally every 4th Thursday of the month

We have the event listed on FB also

**To continue to have this meetup with no charge, please always tip your server (even if you don't partake from the menu).
See you there!

$15k is plenty to get you started if you do what I did. I started with a hard money loan that covers 100% of purchase plus rehab for my BRRR. You will need to use the $15k to front some materials, contractor payments, and interest payments on the loan. You will then get draws of your rehab reimbursed by the lender as you complete work. Just set aside those interest payments for the full 6 months and don't touch that part except to make payments. That will keep you out of trouble with the lender.

As for the job, sales usually means you have some flexibility but you want to be careful not to get too wrapped up in the rehab and jeapordize that job. Ask around and use a good GC for the first one at least. It will save you a ton of headache with unprofessional, unorganized, cheaper labor. 

Make sure you have at least 2 other local investors check your numbers before you get a hard money loan. The penalty is steep if you mess the numbers up. Don't go for a giant rehab on the first one. You are looking for a base hit you can learn from.

The lender I use is actually based in Texas even though my properties are all in Chattanooga. Do some searching here on BP and talk to some of those lenders to get requirements and terms. Before you know it, you'll have private money coming at you for the buy and rehab part and your margins will get better as you learn and become more accurate and efficient.

Good luck!

We meet the 4th Thursday of every month. Usually at the same place. I'll post here in the events section in the next couple of days.

Welcome to Chattanooga! We did the same move away from the Nashville craziness! Hope to meet you soon!

***Moving this one up a week due to Christmas

*Announcing the December Chattanooga Investors Happy Hour!

***We regularly have 30-40 people show up but they do not typically RSVP here. They are all on FB instead. See you there!

Thursday, December 19th, from 5PM - 9PM- we'll meet at Puckett's located at 2 W Aquarium Way in Chattanooga. Kelly will be there at 5:00 pm to meet folks.

As always, this event is a casual, relaxed, no sales and no agenda - it's simply a gathering of area investors. This event has been a lot of fun and extremely helpful - looking forward to seeing everyone again and meeting some new folks!

Where: Ask for the Private room.

Parking: They have free parking on the street after 6 and paid lots right outside the building. Use Park Me Lot Search

Note: Normally, this event is normally every 4th Thursday of the month

We have the event listed on FB also

**To continue to have this meetup with no charge, please always tip your server (even if you don't partake from the menu).
See you there!

​***Moving this one up a week due to Thanksgiving

*Announcing the November Chattanooga Investors Happy Hour!

Thursday, Novenber 21st, from 5PM - 9PM- we'll meet at Puckett's located at 2 W Aquarium Way in Chattanooga. Kelly will be there at 5:00 pm to meet folks.

As always, this event is a casual, relaxed, no sales and no agenda - it's simply a gathering of area investors. This event has been a lot of fun and extremely helpful - looking forward to seeing everyone again and meeting some new folks!

Where: Ask for the Private room. Please look for Kelly if you're on the early side.

Parking: They have free parking on the street after 6 and paid lots right outside the building. Use Park Me Lot Search

Note: Normally, this event is every 4th Thursday of the month

We have the event listed on FB also

**To continue to have this meetup with no charge, please always tip your server (even if you don't partake from the menu).
See you there!

***We regularly have 30-40 people show up but they do not typically RSVP here. They are all on FB instead. See you there!

@Chad Lamb I hate that I wasn't able to come to the evening event but glad I was able to meet you at lunch!

Are you in Chattanooga now? We have a local investor meetup this Thursday downtown. See the events page here for details. It's a great way to network with other locals.

You are welcome to RSVP here or on Facebook for the Chattanooga Investors Happy Hour. Don't be fooled by the low numbers here. We usually have 30-40 people at the event and it is a great mix of all levels of investors.

See you there!

*Announcing the October Chattanooga Investors Happy Hour!

Thursday, October 24th, from 5PM - 9PM- we'll meet at Puckett's located at 2 W Aquarium Way in Chattanooga. Kelly will be there at 5:00 pm to meet folks.

As always, this event is a casual, relaxed, no sales and no agenda - it's simply a gathering of area investors. This event has been a lot of fun and extremely helpful - looking forward to seeing everyone again and meeting some new folks!

Where: Ask for the Private room. Please look for Kelly if you're on the early side.

Parking: They have free parking on the street after 6 and paid lots right outside the building. Use Park Me Lot Search

Note: This event is every 4th Thursday of the month

We have the event listed on FB also

**To continue to have this meetup with no charge, please always tip your server (even if you don't partake from the menu).
See you there!

***We regularly have 30-40 people show up but they do not typically RSVP here. They are all on FB instead. See you there!

@Caleb Bryant Check out Lookout Valley, East Ridge, East Brainerd, Highland Park, Red Bank, and Hixson. Very different areas but your thoughts on those would give a better idea of what you are looking for.