Nikki Nashville aka Nikki Hatcher, Realtor

02/23/2024

🎉 OPEN HOUSE 🎉
Saturday, Jan 24th, 2p-4p
Come see me, y'all!

Residential property for sale in Goodlettsville,TN (MLS ). Learn more from The Huffaker Group of Keller Williams. Inside, discover spacious bedrooms providing ample room for relaxation.

12/13/2022

The 50% Rule – Approximately 50% of your gross rent on a single-family home will go to expenses. Examples of Expenses: taxes, insurance, repairs, HOA, capital expenditures, property management Remember, a mortgage payment is NOT included in this 50%. This is very important!

The amount of money you bring home as extra income or “cash flow” is after the 50% expense AND after the mortgage is paid. Most people ignore this 50% expense when they tell people what their cash flow is.

This is the most common math problem that you will likely come across in your real estate career.

12/12/2022

P-R-O-G-R-E-S-S over PERFECTION. Nothing and no one on this earth is perfect. Focus on getting 1% better every day. That's all.

12/09/2022

Real estate in endless and has a plethora of avenues...Check out a few investment ideas below:

~rental properties
~house flipping
~market appreciation
~short-term rentals
~buy and hold
~REIT
~crowdfunding
~wholesaling

Got questions about any of them. Hmu.

12/08/2022

Tax deductions like these means almost anything business related can be written off. Below are the some commonly overlooked expenses you can write off as a business owner:

Mileage - Driving to and from properties? The IRS lets you write off 57.5 cents for every mile you put on your car if it’s business-related. Be sure to track your miles! Same goes for any other travel expenses you have as a result of managing your real estate business (airfare, accommodations, meals, etc).

Part of your home - No "office," no problem. The IRS lets you write off part of your home as an office. As an investor, you’ll definitely be doing some of your business from home. This is a no-brainer deduction. Of course, there are two basic requirements for your home to qualify: Regular and exclusive use - “You must regularly use part of your home exclusively for conducting business. For example, if you use an extra room to run your business, you can take a home office deduction for that extra room,” the IRS states. The space cannot be used for personal purposes. Principal place of your business - According to the IRS, “you must show that you use your home as your principal place of business. If you conduct business at a location outside of your home, but also use your home substantially and regularly to conduct business, you may qualify for a home office deduction.” Be sure to consult with your CPA for further interpretation of the term “principal.”

Interest - As you buy and sell properties you’re going to take out loans, and those loans will have some level of interest attached to them. The good part is that all of the home mortgage interest, points, and mortgage insurance premiums can actually be written off as tax deductions. It’s important to note, recent laws have set the limit on deductions.

Professional Services - If you paid a property manager, lawyer, accountant or any other professional service provider this year.

Please check with you accountant or tax professional.

12/07/2022

Think CTN: Criteria (see previous videos), Terms and Network.
There are simple but dynamic forces at the heart of real estate investing. Criteria defines “WHAT” want to purchase and the “TERMS” define HOW we will purchase it, in other words, HOW are going to make this a “deal.”
(Network discussed later)

Terms are the negotiable aspects of a purchase, and they include everything from the offer/purchase price, amount of the down payment, and interest rate to conveyances, occupancy, and closing costs.

Every investor we asked told us that Terms are where a great deal can be
created from even the most modest Criteria. A skillful negotiation of
Terms can lead to a better equity position, improved cash flow, and sometimes both. It’s about how much money you need to acquire a property
and close a transaction and how much the property will yield over time.

12/06/2022

This rule is so easy, it can be done in your head. Here we go. The 1% Rule – If a house rents for at least 1% of the acquisition cost, it might be a good investment.Acquisition cost takes into account remodeling or other costs getting the house move-in ready.An example would be buying a house for $80,000 and fixing it up for $20,000. Its acquisition cost is $100,000. According to the 1% rule, it should rent for at least $1,000 a month (1% of $100,000) to have a shot at being a good investment. This rule is an estimate.

12/05/2022

Hey, y'all. I bought my first rental property-a triplex in East Nashville when I was 21 years old. My second rental (also in East Nashville)was a quadplex at 24 years old. Did I bite off more than I could chew? Heck yeah! I got WAAAY in over my head, but I am still here, with all the lessons that I learned. I use those lessons now as my leverage. Most people think that real estate investing is hard and scary. So they repeat all the myths they've heard or been told mostly be people who’ve never done it themselves…people will nay-say and discourage you to do it all b/c they're too chicken to do it themselves.

Let me be clear, money, and a lot of other things of value, live on the other side of fear. It's FEAR that keeps us from getting what we want. You have 2 choices: Forget Everything and Run or Face Everything and Rise. It's that simple. Most often, once you cross the bridge of fear you look back and wonder what you were so afraid of to begin with...But get this, you won't ever know until you cross that bridge. Please don't let doubt or fear turn into excuses, "I don't have the best credit...I don't have any money to put down...I don't know what to do." Side-step the self-sabotage and let's cross this bridge together. You got me? I got you. Le-go! Hmu…💪🏾

12/05/2022

Hey, y'all. I bought my first rental property-a triplex in East Nashville when I was 21 years old. Did I bite off more than I could chew? Heck yeah! I got WAAAY in over my head, but I am still here, despite all the lessons I learned in that moment. Those lessons are now my leverage. Most people think that real estate investing is hard and scary. So they repeat all the myths they've heard or been told and they nay-say and discourage you to do it all b/c they're too chicken to do it themselves.

Let me be clear, money, and many other things of value, live on the other side of fear. It's FEAR that keeps us from getting what we want. You have 2 choices: Forget Everything and Run or Face Everything and Rise. It's that simple. Most often, once you cross the bridge of fear you look back and wonder what you were so afraid of to begin with...But get this, you won't ever know until you cross that bridge. Please don't let doubt or fear turn into excuses, "I don't have the best credit...I don't have any money to put down...I don't know what to do." Side-step the self-sabotage and let's cross this bridge together. You got me? I got you. Le-go!

12/04/2022

Hello December...I'm happy you're here. But I'll be even happier when you're gone. Lol

12/04/2022

Mindset is what separates the BEST from the REST.
From a personal development or business sense, your “why” stands for your sense of purpose. Simon Sinek gave a TED talk on the principle gets to the heart of self-discovery, and equates a sense of “why” with one’s personal fulfillment, clarity, and life meaning. One of my favorite books is by Simon Sinek, Start with the Why. In his book Sinek says that once you understand your WHY, the better able you will be to express what makes you feel fulfilled and satisfied, and to better understand what drives your behavior when you are at your best.

Knowing your WHY enables you to be more intentional about the choices you make for your business, career, and your life. Knowing your WHY, allows you to work with purpose, and to do things on purpose, to achieve your goals and create the life you want or desire. Once you do that, Sinek explains that you will have a point of reference or road map for everything you do going forward.

SimonSinek

08/31/2022