All Forum Posts by: Leo K.

@Devan Mcclish

What's the breakdown of the $7,200 of holding costs?

5 months of taxes, insurance, utilities? 

@Account Closed

Hey Patrick, welcome to the boards, it's always cool to meet other locals.

What are your goals?

@Jonathan G.

The market is still very hot in Nashville. However, like all cycles, this one will eventually cool down. I don't know your personal situation, but I know several seasoned investors who are liquidating because they believe the wave is cresting.

The premise behind those decisions is driven by a concern with state of the macro level economy rather than Nashville's future health.

@Harry Lemont

Hey Harry, welcome to the boards. If there's anything I can do to help you out, let me know.

@Jared Burke

Hey Jared, welcome to the boards. It's always cool to connect with other local investors. 

I focus on buy/hold multifamily, if I can help you out in anyway, feel free to reach out!

@Perry L.@Jeffrey Naron

Don't trust Redfin's algorithm as a hot/cold market indicator. 

Nashville is as hot as Denver.

Yields are low and competition is intense.

@Juan Maldonado

A = Green Hills, Germantown, Midtown, Belle Meade, Brentwood, Franklin, Sylvan Park, 12 South, Gulch, West End

B = Bellevue, East Nashville (B+/A-), Hendersonville, Hermitage, Donelson, Woodbine, Murfreesboro (submarket), Spring Hill (submarket)

C = Antioch, Madison, Old Hickory, Inglewood, Lavergne, Lebanon (submarket), Ashland City (submarket), Dickson (submarket), Smyrna (submarket), Columbia (submarket)

I know a few multi family investors in town and would be happy to introduce you. One guy focuses on small to mid size MF (10-50 units) and loves the major rehab projects.

Drop me a PM, I'll try to help whatever way I can.

@Josh Braun

Congratulations Josh! I've yet to complete a sub 2 deal, and your successful attempt inspires me!

I'm surprised the seller didn't list the house for more than the outstanding mortgage - considering Nashville's RE climate, it amazes me that he left money on the table.

BTW, who did you hire for the legal work?

@Aaron Anderson

Any of the local community banks might work, but they'll probably only offer an ARM product - likely 25 yr amm, ~4.5-5% interest. You may want to try TriStar Bank (Spring Hill) or Simmons Bank (Columbia/Franklin).

@Brady Olson @Aaron Anderson

Hey guys, I'm in Columbia. I'm up for getting together to talk shop.