All Forum Posts by: John Montgomery

I invest in Oak Grove.  It's a decent rental market due largely to its proximity to Fort Campbell.  That said, the appreciation on SFs generally lags behind similar properties just south in TN.  Commercial develop has been slow, but Exit 89 off I-24 is slowly growing.

Richard - I recommend Larry Rocconi

http://www.cunninghammitchellrocconi.com/Attorneys/Larry-A-Rocconi-Jr.shtml

Stephanie/Shawn - I posted a revised version today under Tools - File Place: Free Files & Forms. Document is titled "Steps to Take After Purchasing a New Property".

Thanks Patrick.  

Creating systems has greatly improved my business.  It's taken about 10 months, but I'm no longer re-creating the wheel with the purchase of each new property.  I still continue to tweak each system as I learn new information and gain experience.

Jesse - I posted the step-action-guide under Tools - File Place: Free Files & Forms. Document is titled "Steps to Take After Purchasing a New Property"

Mario - I posted the step-action-guide under Tools - File Place: Free Files & Forms.  Document is titled "Steps to Take After Purchasing a New Property"

I just posted an example list of steps to take upon purchasing a new rental property.  Each investor can change as  he/ she sees fit.  Hope this helps!

Hey Andrew.  I also live and invest in Clarksville.  I can relate to your military background.  There's a group of investors who recently started meeting once a month.  Let me know if I can help. Best of luck.

I wanted to share a lesson I learned with those getting ready to pull the trigger on their first deal. Despite having a couple great mentors, reading "Rich Dad Poor Dad", and listening to dozens of BP podcasts - I quickly discovered I didn't have all the answers when I purchased my first property. Since October '15 I've purchased and renovated a duplex and one SF. I'm scheduled to close on another SF in two weeks (all three are buy-and-holds). To help alleviate the stress that inevitably follows the signing of closing documents, I created my own Step-Action-Guide. Steps can be listed in order or listed randomly - whatever makes the most sense.  For my guide I included steps such as: getting insurance on the property, purchasing a lock box, scheduling to have locks changed, scheduling a dumpster, etc, etc. Many of these steps can be accomplished before you close on the property, but others must wait until you actually own it. These steps may seem obvious, but after creating a very detailed list I felt more confident that I was crossing all my "T"s & dotting my "I"s. This can be especially helpful when juggling multiple acquisitions at once. Investors can be as detailed as they wish with the Step-Action-Guide they develop; or they may determine that a guide doesn't really work for them - it's all a matter of preference. I hope this tip helps & wish you the best getting started.

Joe - I still use paper for certain documents (i.e. receipts).... at the request of my CPA.  That said, I like to keep digital copies of pretty much everything