All Forum Posts by: Corey Martin

Connect connect connect! Have you gone to any REI meetings in your area?

 What market? You can get approved for a mortgage and house hack your first property!

Need Buyers in Nashville. Mostly cash buyers. But Ill take buyers cause I have sellers!

 and you know clients are going to hate that. though I can explain the situation they themselves got put in

 The one good thing is no earnest money had been sent or received yet. And thats exactly what I tried to do, be honest and forthright (to an extent, don't give too much client info away)

Real Estate Agent here. Ran into this situation, see if anyone can relate:

My client was looking to do 2 deals fast for a 1031 exchange. They initially put out 2 offers. This was Saturday morning with deadline Monday at 5 PM. Monday morning came and both offers were accepted but as they were getting this info, they found 2 different properties they liked better and had me put offers on those. They had me bind the contracts from Monday (the initial 2 offers that were accepted) while they put out the 2 new offers. The those were accepted and they wanted those instead. So I needed to then send termination documents to the first 2 offers. My best practice here was to call the agent beforehand to 1) give them heads up 2) give them a small explanation (so as to not reveal too much). 

I feel I didn't hurt the agents too much as I terminated fairly quickly and they didn't even have time to remove the listing and such. Also both properties did have multiple offers on them so they were able to pivot. However, this does do a bit of damage to my reputation and that's the last thing I want. I want to always have great working relationships with my fellow agents. 

How do you feel this could have been handled better? What's your best practice when needing to send a termination?

Pretty much what Im seeing as well. 

 Thank you for this! This actually very similar to what I have found out but I wasn't sure if my math was off because of the numbers I saw. Do you see them staying g there, going down, or going up?

Hi All, I am doing research on the Nashville Markets in and around Nashville, TN. What are the average cap rates you are seeing compared to other markets? What about gross yields? Not just Nashville proper either but Spring Hill, Murfreesboro, and even Mt Juliet. 

 That's a fantastic thought. Pools in the long run require alot of time and attention. Do you advise clients to not do those if its a property held for appreciation?