All Forum Posts by: Kevin Phillips

Does anybody know about the Dayton, OH market? I will be traveling there for work a couple times a month and thought this could be a potential market for me. Anybody have any feedback for me for LTR market? Looking to go with the BRRRR method! Thanks!

@Cullum Stirling

Awesome, I will do that today!

@Bill Brandt

My first landlord mentioned when I first moved in that she had 6 or 7 properties. I believe these were also passed down to him and he is taking care of those as well.

What is this stepped up basis you speak of?

@Lynnette E.

I have been approved over market value for this house. I have looked up some comps in the area and I know I can afford what the market is going for. But as an investor, I am also trying to get the best deal I can. I also don’t want to low ball to where he doesn’t even want to entertain.

@Mason Hickman

Yes I agree.

Yes, I have the texts showing the purchase price she was wanting in April 2020.

Hey everyone, I am in a unique situation and looking for advice on how to come up with an offer to my landlord. A couple years back, I was in talks with my landlord about purchasing the house I have rented out of for the last four years. 2 years ago she came to me with a price for the house. She was going to sell the house as is for a really great price here in the Nashville. I ended up not being able to get approved. So I put the house purchase on hold for the next year and saved. In May of 2020 I revisited purchasing the property with my landlord. In that year she increased the asking price by 10k. I still thought this was a great deal for my market. I was able to get approved this go around. My landlord and I were in agreement (not in writing) that after I was preapproved, we would go the next step and she would sell the house. Within the timeline of my landlord and I making that agreement and me actually getting preapproved, I was notified that my landlord was ill and they did not want to make any financial decisions. At the end of February my landlord passed away and her son has since taken over the business. I still am looking to purchase this property, but not sure how to bring up the conversation to my current landlord. I am looking for advice on that and how to present the offer. I was thinking about sitting down and while presenting the offer but know know where to begin coming up with it. I was thinking of increasing the offer by another 10k since that is was my original landlord had done. However; I know how hot the Nashville market is and feel he might not like my offer knowing he could potentially sell it for more down the road. Just not sure where to begin on making the offer. I am looking to do this without an agent because I want to make the offer more attractive for him not pay unwanted fees. Please let me know what you think, and any advice you may have! Thanks

Looking for agents in Nashville. New to investing so, looking for someone experienced and knowledgeable of our market!