All Forum Posts by: Sean-Luke Clark

Since you already own a couple properties.

Really just drive around, find beat down houses then start dialing. 

If you need buyers you can join groups like REIN, TNREIA, GRID etc... 

They also give you contacts for title co, lawyers and alike.

- Investor / Wholesaler

Besides a Hard Money Loan or HELOC, you could try and reach out for a personal/business line of credit? That is how one of my investors is operating at the moment.

If you have $45k in a HYSA. I would just start talking to a Hard money lender IMO. More than likely your lender is also highly incentivized in you taking a HELOC. Which can sway that recommendation.

At the very least for your first 2 or 3. I would hold off on a LOC. After a couple deals under belt, then take out a massive line of credit and grow fast with the all-in volume game.

If you're in Nashville like me. Check out the REIN meetups and FB group. You'll get tons of resources and contacts

- Nashville Wholesaler/Investor 

As Stated, I would consult your banker/lender to determine how that can affect financing. Then consult a lawyer you both trust. However, some sort of business entity to protect yourself would be a good idea in my opinion. 

- Investment RE in Nashville TN

All cash would be a god send if you can scale quickly in tandem. However, with everything volume is key, RE debt is not necessarily bad. Even your Funds are buying "Cash" but once in portfolio getting loans on that asset. 

This is a good reminder to keep a check sheet of all the small things. I would imagine a quick walkthrough every 6 months. Should solve this issue, unfortunately tenants in my experience never take care of items as they should. However, still worth the money in my opinion. 

I do agree with some above comments. It is up to us landlords to maintain property and be proactive on all fronts. 

Hello everyone,

   Having recently moved here from Memphis, TN, I've been immersing myself in understanding the local market dynamics and am eager to connect with all of you.

I'm particularly interested in discussing is the varying levels of rehab quality we see across different neighborhoods. In Memphis, there were distinct differences depending on the area, and I'm curious to hear your insights on how Nashville compares. What are your experiences with the quality of renovations? You could get away with lower quality finishings more often than not in Memphis. Are there specific standards or common practices that seem to set certain areas apart?

Additionally, I'm keen to know which pockets of Nashville you all consider the hottest right now. Whether it's East Nashville, The Nations, or another burgeoning area, I'd love to get your perspective on where the market is buzzing with activity. Are there neighborhoods you wish wholesalers would focus on more for acquiring deals?

While my main role involves sourcing off-market properties, I want to make it clear that this isn't a sales pitch. My goal is to foster a productive conversation where we can share knowledge and insights to benefit everyone involved in Nashville's real estate scene.

Looking forward to engaging with you all and learning more about this dynamic market!