All Forum Posts by: Christian Laines
Christian Laines has started 11 posts and replied 56 times.
Post: Hazel Green- too far for commuters?
- Nashville, TN
- Posts 56
- Votes 16
Quote from @Richie Thomas:
Hey gang, big update from my end- just had my offer accepted on a 4-BR SFH in Madison proper! It was an MLS listing and it did go over asking price, but honestly not as much as I was led to believe it might. My realtor said it's common for listings to go $30-50k over list price, I got the property for $18k over asking. Not a brand-new build but age-wise it's not even a teenager yet. :-)
@Michael S.I took your advice to heart when deciding whether to purchase in Hazel Green. And (hopefully) this property will be less sensitive to market corrections, as you mentioned. Maybe I'll look again at Hazel Green in the future since it seemed like a lot of people felt there was upside there, but you asked some tough-but-fair questions that I'm also curious to hear the answers to. All in all, I feel like Madison is a good fit for me to get my foot in the door, build my local team, and get to know the local market better.
Curious, did you eventually invest in the Hazel Green area? How did your 4BR SFH do in Madison proper these last 2 years?
Post: Anyone active in Huntsville?
- Nashville, TN
- Posts 56
- Votes 16
Quote from @Scott Busby:
Hi Chang,
I’m a Huntsville native. I’m working on wholesaling in the Huntsville area. Would love to connect if you’re interested!
Recently got into investing in the Huntsville area. Are you still investing here or wholesaling? Would love to connect.
Post: Looking for Flip Opportunities! - Davidson, Rutherford County
- Nashville, TN
- Posts 56
- Votes 16
Hey BP Community,
I am a full time real estate agent in the Middle TN area & have partnered up with an investing company called TIG. We currently have 3 flip projects going with one currently under contract & 2 more soon to be put on the market. We have 2 in the Murfreesboro area & one currently in East Nashville which should be done within the next following weeks.
I am looking for EXPERIENCED wholesalers or investors who have OFF MARKET properties ready to sell. My partners & I are ready to sweep these off your feet ASAP. We are looking for anything in the Davidson, Rutherford or Wilson county areas. Could be 2+ bedrooms & 1+ bathrooms. What do you have that could interest us?
Let’s work together!
P.S. If you work for New Western Acquisitions, PLEASE DO NOT CONTACT ME.
Thanks again.
Post: Contractors in Clarksville, TN?
- Nashville, TN
- Posts 56
- Votes 16
@Renee Yarbrough hello, were you able to get a reputable contractor for the Clarksville area? I currently live in Murfreesboro, TN and looking for my next investment home in the Clarksville area since prices are a lot more affordable than the Nashville/M’Boro areas.
Post: What are the first steps you take when a tenant leaves?
- Nashville, TN
- Posts 56
- Votes 16
@Gail K. Great list you have here Gail. This really helped me as I am a new landlord myself. I do have a question though? Do you change your padlocks to your storage sheds every time a tenant leaves?
Thanks in advance!
Post: Help me with the Rental Calculators?
- Nashville, TN
- Posts 56
- Votes 16
Hi BP,
Im having some trouble analyzing a duplex if I LIVED in one side and rented out the other. The calculator is easy to analyze and plug in the numbers if you were renting out both units, but what would be the easiest and simplest way to analyze a deal accounting me living in one side?
Thanks in advance!
Post: How to kick a tenant out of a multifamily?
- Nashville, TN
- Posts 56
- Votes 16
It varies by state. In Ohio, it is legal to demand your property back for any reason at all with the proper non-renewal notice at the end of the lease term ( or 30 days notice for month to month lease or oral lease). It is important that the notice be written and delivered before the start of the last month-- if you want a month to month tenant out at the end of August, you must deliver notice BEFORE August 1. I don't think there is anything unethical about wanting your place back for your own use.
Hi Jill, does the 30 day notice have to be a legal document written by an attorney?
Post: [Calc Review] Help me analyze this deal
- Nashville, TN
- Posts 56
- Votes 16
@Michinori Kaneko I have a lender I work very well with that is also a business partner who can get me about a 4.8% interest so to answer your question, yes under 5% interest still exist. Lol just dont know how much longer.
Also I was accounting the 25k for the side that wasn't fully updated. But thanks for the info! Greatly appreciated.
Post: [Calc Review] Help me analyze this deal
- Nashville, TN
- Posts 56
- Votes 16
@John Leavelle Thanks for the info John! I knew something was missing and you've helped me realize what other expenses to account for.
Post: [Calc Review] Help me analyze this deal
- Nashville, TN
- Posts 56
- Votes 16
Hello BP,
Ive analyzed this deal I've found on the MLS and am kind of curious on why its still on the market? It seems like a good deal to me, but it also seems too good to be true. The price in the report is actual asking price on the MLS. I am also using an FHA loan and my own money for rehab.
Am I do something wrong here? Again, it seems like its too good to be true..
*This link comes directly from our calculators, based on information input by the member who posted.