All Forum Posts by: Andrew Untersee

@Tyler Marudas I was just looking into this myself not too long ago. As far as I can tell, @Aaron Spragg is right. The REIN group seems to be one of the only active groups in Nashville. Correct me if I'm wrong, but I think there is a membership fee. However, if you check out their calendar it looks like they do occasionally have free meetups. I think I'll be checking out the Deals, Deals, Deals meet up on June 6th, schedule permitting. Might be worth the $25 non-member fee solely for the opportunity to network with local investors. However, I also have no idea how well attended these meetups are.

Anyways, welcome to BP Tyler! I'm still learning myself, but I'm always willing to connect with other investors just to talk shop, so feel free to reach out to me anytime!

Well, I just signed the purchase agreement a couple days ago and if all goes according to plan then I will be a homeowner at the age of 26. Exciting, right? My friends seem to think so, and so does my fiance. Yet, for such a big milestone, why does it feel like only a drop of water in this large empty pool of progress? Don't get me wrong, I'm excited too. I've pushed hard for this and in a hot market like Nashville, it's hard to come by a good SFH in a decent part of town, and that's exactly what I've got. It's not the biggest, but for my family, it's a perfect starter home. While not necessarily a "deal," the price is reasonable for the size and location. So, why the apprehension? After all, I'll be accomplishing this on my own, with the meager savings I've made from my modest W-2, while supporting the family on a single income. It is kind of a big deal.

Conversely, for about a month now, my appetite for knowledge in REI has been voracious to say the least. I read, I listen, I watch, and I learn and I can't stop. I won't. For better or worse, I'm in it now because I know it's right for me, but I'll let my actions be the testament of my dedication when the time comes. Yet, if there's one thing I've learned so far, it's the difference between an asset and a liability. And about a month from now, I'll be signing off on the biggest liability of my entire young adult life, thus far.

Maybe it's pessimistic. Maybe it's realistic. I'm still not sure. What I do know is that now I've got an itch to find a real deal, and I won't stop until I've scratched that itch. Even though I haven't quite gotten all the steps figured out thereafter, I know that's a good place to start. After I take that first step, I'll figure out where to go from there. Until then, I'll be making friends and talking REI with anyone who is willing to have that conversation. I may be new to Nashville, and I may be new to investing, but I'm no stranger to opening new doors and exploring possibilities.

When the opportunity does present itself -- I'll be ready. 

Keep persisting, y'all

@Luka MilicevicWow! just came across this after reading about your recent development project and it's been really encouraging to see that even in a hot market like Nashville where deals can be hard to come by, there's still opportunities for those out there who are persistent. I'm still learning the ropes as a young investor, but I won't stop working until I can reach this level of investing! 

Thanks again, Luka

Very impressive! I was just wondering today how it would be possible to get into the development game without a sizeable amount of upfront capital, and as you have shown creative financing and more importantly networking are the quintessential skills in this business. Thanks for sharing this, Luka!

Thanks @Sean Tarpenning!

@Aaron Lovett Thanks for the warm welcome! I've really come to love Nashville for all the opportunities it presents. As for my mother-in-law, I'll be thanking her with the gift of property some day!

@Luka Milicevic Thanks! I would very much appreciate that. I'll be in touch!

@Steven Gillmer Where are you investing currently? From what I've gathered so far in my limited experience with other local investors is that development is where the money is at. As you have probably noticed, HPR's have been popping up all over the place. From areas just off Gallatin Rd. north of east nash to north nash off near Rosa Parks... I still have a lot to learn before I'd feel knowledgeable enough to jump into the development game.... And yes, I'll take a Pina Colada any day, time or weather haha

Thank @Dave Visaya ! If you're ever in Nashville, hit me up. I'd be happy to show you around the Clair Global shop, if you're interested.

Hello BP Community!

My passion for music first brought me to Nashville about 4 years ago to pursue an education in Audio Engineering. Since arriving here and settling down with my family and a standard 9-5, I've been intrigued by all the new developments happening around town. Yet, It wasn't until about 6 months ago when assisting my Mother-in-Law with her move to Kansas City that I noticed her copy of Rich Dad Poor Dad on her bookshelf. Having caught me eyeballing her book she asked, "Would you like to keep that?" Without a second of doubt, I swiped that book. It wasn't until about a month ago that I came around to reading it, and boy, did the floodgates open. 

Since then I've been obsessively consuming as much literature on personal finance, passive income, business, and most importantly real estate, as I can get my hands on. RDPD, Cashflow Quadrant, Guide to Investing, ABC's of Real Estate were my starters. Eventually, after attending one of the Rich Dad free RE seminars and getting the sales pitch for the 3-day "elite" training, my research on the reviews led me to the Bigger Pockets site and I was instantly hooked. Fortunately, I have the opportunity to put in earbuds while I'm at my 9-5, and my days are now filled with BP podcasts. 

Needless to say, I don't even have my first deal yet, but I'm already hooked. The opportunity available to anyone willing to acquire the knowledge and put in the work is evident as you all know. Obviously, I'm still very early in my career, but my goal is to hit my freedom number in 10 years or less. Coming from the Kiyosaki train of thought, cash flow is the name of the game. 

As of now, I'm leaning towards buy and hold / BRRR with single-families, with the intention of trading out my four little green monopoly houses for one big MF red house. However, I'm still just a rookie at this point so the strategy may change as my REI intelligence and market knowledge evolves.

Also, I'm 26, I'm a cancer, I love long walks on the beach and beautiful sunsets, and I'd be happy to take you out to lunch for the opportunity to pick your brain. ;)

Thanks for listening,

Andrew Untersee