All Forum Posts by: Lisa Green

I'm interested in staying informed on this as well.

Sounds like it would be simpler to tell them I'm not much interested in lease option, but if they want to do a straight purchase ...

A tenant in one of my single-family homes has asked whether I'm interested in selling and whether I'd consider doing a lease purchase option on the house.

I have no strong feelings about this one way or another, but I'd like to get your collective wisdom before responding to her. I've never tried selling on lease-option or lease-purchase before.

Speaking up for the northern areas — Goodlettsville is a hidden jewel. Very much a country feel but close to the city, right on the interstate, and convenient to shopping and amenities. It could be a good home base for investing into Madison and Inglewood, as well as Sumner County. Hendersonville has some of the Franklin feel but less expensive, and properties there are selling like crazy. White House is a bit farther out but even more affordable—people love it there. And if you really like country, Joelton is 20 minutes from downtown Nashville and right on the interstate but super rural. Depending on your goals it may be too sparsely populated to be ideal for investing, but you can really get away from it all if you live there, as long as you don't mind being far away from shopping. 

John, I own several rentals in Clarksville. If you're still looking, I'd be happy to help. Thanks.

Would love to know the secret sauce! Thank you!

Because I recently left a longtime employer, I will have the opportunity to roll out a 401(k) and a lump-sum pension. My CPA is vehemently opposed to a "rollover as business startup." I'm interested to hear other opinions about ROBS, both pro and con.

I've been a buy-and-hold investor for a decade and a half; now I'm interested in adding rehabs or other immediate-income activity. Access to the 401(k) money is not essential, but it might let me do more and do it faster.

Thoughts?

I am also in the Nashville area and would love to know about anything that you put together.

Andy, with my goals I can see advantages both ways.

I want to preserve my ability to acquire and finance additional properties. That would argue in favor of borrowing less.

I also want to lock in funds at a fixed interest rate and pay off variable-rate loans. That would argue in favor of borrowing more, since this is a fixed rate.

Could I borrow this amount at a lower interest rate? Only at a variable rate and/or short-term with a balloon. I don't find those options attractive.

If you had the opportunity to finance more than you spent on a property - at a fixed rate for 15 years - would you do it? Or would you dial it down to improve cash flow?

On the property that we just finished, we're all in at $65k and the lender will allow us $89k based on appraisal. If we pick up this extra $24k, we can pay down variable debt or invest in other properties.

However, this obviously is not good for cash flow. The rent would more than cover PITI, but the cash flow will be nowhere near what we're accustomed to getting. We're up to about 20 SFRs, so we can't get 30-year fixed-rate mortgages anymore.

Thoughts?