All Forum Posts by: Klint Ruud

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $400,000
Cash invested: $50,000
Sale price: $625,000

Found the deal from a wholesaler. The owner was facing foreclosure. Paid with Hard Money. Put 45k down and made a crap ton!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $400,000
Cash invested: $50,000
Sale price: $625,000

Oh ya!

Maybe consider buying in an alternative market? Nashville is a great place to buy a rental whether it is STR or LTR.

@Corey Martin 0% in immediately surrounding areas and 2-3% on the outskirts of Nashville or pocket neighborhoods. 

Gallatin, Hendersonville, Goodlettsville, Hermitage, Springhill, and Chattanooga. 

All the deals I've done in these areas have produced the highest returns. 

I would be happy to help but it requires a much longer conversation than what I can explain here. 

Not too many years ago, I was in the same boat. And then real estate DRAMATICALLY changed my life. 

Hit me up! 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $620,000
Cash invested: $200,000

Fantastic Airbnb in Nashville. On the river and can sleep 14 people.

Im always down for a good meetup! 

Whether you decide to jump in or not is entirely up to you. But not every cash offer is as it appears. There are investors utilizing certain lenders that offer "cash-like" financing. Meaning, can close quickly, not necessarily needing an appraisal, and can fund properties that are distressed. They'll be more expensive to use but if it means getting a property that is a deal then it might be worth considering. I would also consider getting creative in all the ways you can either make a bad deal a great deal and/or where you are searching for your deals.  There are always deals. 

For example, this is a deal I just did: 
I found a house for sale by the owner
He wanted 330k for it. 
I offered him 315k with a 14 day close with no appraisal contingencies and short pass or fail inspection. 
He accepted. 
We closed and a week later I relisted the property after having it professionally cleaned for 386k 
I closed on it a month later for 386k doing absolutely nothing to the house just because of where I found the property, and how I made my offer.  

@Austin Angew 

Are you wholesaling deals often in Nashville?