All Forum Posts by: Matt Hoiles

Originally posted by @Luke Carl:

@Matt Hoiles I’m not looking my man! I’ve found. 

Http://smokymountain.life 

Nice man - I've been looking at Gatlinburg which is close to you guys.  All the best!

Lucas Carl - what towns are you looking at for vacation rentals? I have a couple in Nashville, and are looking to expand, but am tapped out in Nashville with the non-owner occupied limits here.. Look forward to hearing back!

Thanks for your thoughts. We’re only mailing 1,000-2,000 per month. I’m thinking we’ll wait until after the holidays. I was thinking.. even if we do get some interest.. the holiday period could stall the sale too. Think we’ll save our marketing dollars and go hard from January. Thanks again!

Hey guys -

I'm wondering what everyone's direct mail experience has been between Thanksgiving and New Years?

Trying to work out if it's worth holding off until January or not.  Thanks in advance!

Thanks @Fred Heller - my issue is there's no Chase branches in TN where I live.  Thinking it's a sign I need to move to another bank - probably a bigger bank.

@Luka Milicevic - wise words.  I'm thinking a bigger bank for personal affairs, then can open depository accounts with local banks as financing opportunities arise.

I've recently moved from NYC to Nashville and have just realized Chase Bank doesn't have any TN locations.

I'm now considering which bank I should go with... Bank of America is close to home, but wondering whether it's worth starting a relationship with a local bank.  We just purchased a multi-family with Bank of Tennessee, but unsure whether we want to tie all our banking up with a smaller, local bank.

What do you guys think?  The positives / negatives of moving our banking to a national, and local bank.

@Zachery Buffin & @Robert Rayford - thanks for your thoughts here.  

My thoughts was not necessarily to be in the trenches hanging sheet rock, but rather overseeing the projects and building deal flow to keep a reliable and high quality crew busy, and at my disposal for my investment opportunities as they arise.  This would mean acting as GC for other investors early on, but aiming to keep them full utilized on my own deals down the track.

My partner who's a realtor is spending her time going out and finding deals, given my finance-background, I'll be focused on assessing each deal from a financial standpoint, but also found the construction-side attractive.

My thoughts are for the next couple of rehabs we do, I'll use outside contractors, but look to learn from them, and re-assess whether the GC decision makes sense at a later point.

Thanks again for your input!

I’m a new investor to Nashville, TN. I have wholesaled one deal ($20k profit), and just bought my first multi-family (3 apartments in East Nashville). I am partnering up with my realtor on future endeavors (BRRRR, flipping, more and wholesale deals) and am wondering whether it’s worthwhile getting my own GC license. I enjoy designing and creating, and while have no construction experience... am a little control freak, and haven’t had many good experiences with GC reliability / professionalism to date. I know there are liability risks, etc. but I’d love to hear from other investors who have either got, or considered getting, their GC license as part of their overall investor strategy. What were the factors you weighed up, and why did you choose the path you chose?

Hey guys - I'm an investor based out of Nashville, too. I'm about to close of my first multi-family in East Nashville - happy to chat about my process / plans, and would love to hear yours.

I agree with Alan above. I've recently done the same thing on Nashville. Purchased a primary residence, rent the top floor on AirBNB and after one month of the listing being up (3 reviews, only iPhone photos used), the AirBNB income has me almost cash-flow neutral on my mortgage. I'd look at properties that would work well for "entire space" listings - close to sites and attractions, safe area, bars/restaurants nearby, etc. I expect once our AirBNB listing becomes more seasoned, we'll be clearing our mortgage by well over $1,000/mth - providing more cash to fund future real estate deals.