All Forum Posts by: Tony Hightower

welcome to BP and Clarksville!! 

Sellers market like most places. Hard to find MLS deals above 1% if you can find 1%. Look for off market deals. Rents here have not kept up with inflation, but there are some areas that support a little higher rents.

Anything of value is being scooped up very quickly. I have seen a lot of homes on market less than 10 days with contracts.(not just investments). If a repo comes up with little work to be done, it will get around 30 offers within 48 hrs(many above asking$).

If you are wanting to do more than one or two units, i suggest calling a few property managers(not all property management here has a good name) and see if they have clients that may be interested in liquidating.

Let me know if you have a specific area or street in mind and i can get more info. (i am not a realtor, but have lived here for 40 years)

@John Powell, Is Niceville a profitable location for vacation/AirBnB. I worry most people want to be a little closer to the beach. I know it is only 5 minutes but i am not sure most would take a cost savings for a 5-10 minutes drive to beach.

Becoming an appraisser in most states is a long process andcan be difficult if you need to work fulltime to get by for next 2-3 years. But, i also see the need for appraisers jn the future is only going to grow. Many appraisers are growing older and near retiremnt. Good Luck.

Thanks, i knew i had to be missing something. @Michael Cohen

Is it still possible with a 5% down conventional if i plan on owner occupying?

How soon after the first of the month do you get paid from property manager?

Reason I ask is, i am inheriting a PM and am being told they forward funds on 15th of subsequent month. So, June's rent is sent to Owner on 15th of July. Is this normal?

I know there are several discussions about how to maximize loans and how to order them and after 4 and 5 there are different down payment requirements. Let's say i want to get several doors with as little out of pocket as possible but in a small time frame. (Don't want to House Hack for 4 or 5 years). I know that after 4 or 5 loans that the down payment amount increases. 

So, can I buy 5 SFR's and put 20% down, then go and buy a 4-plex to House Hack with 3.5% down FHA as a 6th loan? And then a year later REPEAT this?

@Harsh R. if there are any deals in Clarksville, you have to be very quick to get them. Probably be difficult from a distance.

Be careful the area of Clarksville you buy. Many areas are not great for cashflow. 

Any questions about a neighborhood, feel free to ask. Lived here 40 years.

Good Luck.

Hey Robert, i am not an agent. But, have lived in Clarksville for 40 yrs. Let me know if you have any questions about the area. I will try to help. 

The investor properties here are getting scooped up quickly.

Looking for events in the FWB area around the weeks of June 25-July 8th.