All Forum Posts by: Keri Carpenter
Keri Carpenter has started 3 posts and replied 26 times.
Post: Share your experience with STR in East Nashville?

- San Francisco, CA
- Posts 26
- Votes 38
I haven't calculated it, but it is definitely cash flow positive and has almost doubled in value over the 6 years I have held it so over 10% ROI?
Post: Inherited property with tenants making renovations

- San Francisco, CA
- Posts 26
- Votes 38
Yes, you can evict the tenant if they don’t pay the rent. I wouldn’t let it go to 2023. That’s just being lazy and you’ll keep losing out. You probably can’t work on it much till they’re out, in my experience. I have 7 properties in CA but not in your area. My areas are mostly even more tenants friendly than your area.
Post: Multifamily Bootcamp- has anyone attended and can provide feedbac

- San Francisco, CA
- Posts 26
- Votes 38
@Darryl Griffin-Simmonsmost important thing is to start as possible. Don’t hesitate, don’t wait. Just do it. I waited about 4 years before I did anything and I wish I had started sooner.
Post: How did you start in real estate investing

- San Francisco, CA
- Posts 26
- Votes 38
bought my first house, a triplex and then bought 3 more properties (6 units) within two years. Had a roommate for 5 years to keep everything afloat and cut costs to the bone. Definitely suggest house hacking your first home. If you're young and free, buy just what makes sense from a cashflow perspective, house hack that and then rent it out and buy your next one at 10% down and keep going and skipping around until you settle down.
Post: Multifamily Bootcamp- has anyone attended and can provide feedbac

- San Francisco, CA
- Posts 26
- Votes 38
Yes. I own 10 properties. A few multi families, meaning 2-4 units. But from what @John B Clark says, this might be focused on bigger properties than I have which would be interesting. I'm mostly doing it to find some people to talk to. I'm a Software Engineering Manager for Sony by day and I don't have any friends who are interested in real estate myself, so I'm trying to find some folks who are into real estate investing to talk to.
Post: Share your experience with STR in East Nashville?

- San Francisco, CA
- Posts 26
- Votes 38
I bought a SFH in Manchester, TN in 2016 through the group called "Simply Do it" out of California. They hooked me up with Fred Cosgrove of Stones River Property Management. They helped me with the purchase and have been the property manager for the property for the past 6 years. Highly recommend. Fred is awesome and the team at Stones River is great. I've seen great appreciation on the property as well as good cash flow. I have 9 other properties and 16 units total and this manchester property is by far the easiest to manage of the bunch. I never have to do anything. They take care of it all.
Post: Multifamily Bootcamp- has anyone attended and can provide feedbac

- San Francisco, CA
- Posts 26
- Votes 38
I am taking it myself. I hope it teaches me something I don't know already! Looking forward to it!
Post: Reporting to Credit Bureaus

- San Francisco, CA
- Posts 26
- Votes 38
I’m small time but I have 12 tenants. I never knew you could report to credit bureaus.
Post: Would you do this buy and hold deal?

- San Francisco, CA
- Posts 26
- Votes 38
I would do that deal. I have 10 properties acquired mostly that way.
Post: First Primary Residence House Hack/BRRRR?

- San Francisco, CA
- Posts 26
- Votes 38
If you have conventional financing, I would just purchase rather than taking on huge risks your first time out. I think it’s important to have a first successful “at bat” rather than betting on a home run your first time. Purchasing and house hacking will be complex enough for a few years.