All Forum Posts by: Luka Milicevic

Nashville is a hot market. Doesn't mean there aren't good deals, just means you have to look harder than you would normally. What Devin said is spot on.

I guess I'm not getting how water/sewer can be 38k and electricity be 6k? I would imagine that to be the other way around. I guess it does depend, perhaps the previous owner was only paying a portion of electricity and the tenants paid over a certain amount. 

Either way, I agree with what everyone else is saying about 2013 statements. Why can't you get the most recent ACTUAL income/expenses?

Nashville is crazy right now and has been for the past year.

Last year I was purchasing a primary residence with a max budget of 200k. Put full price offers on multiple houses and got outbid by over asking offers and full price all cash offers. 

My agent told me that he had clients with a 600k budget who were experiencing the exact same thing. Houses that come up for sale in decent neighborhoods, that are reasonably priced are selling the same day. 

I purchased a townhome this year in Murfreesboro (hour from Nashville) and it's also relatively hot market. 

It looks like everyone wants to live in Nashville!!! 

Something else to keep in mind; a lot of the properties here have an HOA and I've noticed the fees tend to be pretty steep. Make sure to look into that.

I'm not an agent, but I can put you in contact with my agent who I've done multiple deals with. He is awesome.

Best of luck.

Thank you everyone. I appreciate the responses.

One thing I have heard repeatedly from successful investors is that if you don't pay, you don't stay. This is your property and your business and you shouldn't feel bad about removing non paying tenants. Just like the bank doesn't have an issue taking your home if you don't pay your mortgage. 

I would get the sheriff on board ASAP and have them physically removed. 

One good lesson is to always start the legal procedure as soon as a tenant doesn't pay. Once you start "working with the tenant" things tend to go bad. 

It must be painful seeing the police come in and physically remove someone and their belongings, but you are not a charity and you have your own expenses to cover. 

If you don't pay, you don't stay.

Hello Bigger Pockets folks!

I am having issues finding an answer to my question about regulation D as it pertains to real estate investing.

I have done quite a bit of reading/research on regulation D, but I still have a few unanswered questions. 

When exactly are you required to file form D?

If my grandfather decided to give me a $25k loan at 3% due in 5 years, would that require me filing form D? 

What if it wasn't a family member, rather a friend of mine?

In the above example, if he gave me $25k for 10% equity, I'm assuming that would be considered selling securities and would require compliance with the SEC.

I'm just having a difficult time understanding what constitutes selling securities when raising capital. I'm a newer investor and have only used my own money to do deals. I hope in the future that I will venture out and raise capital, and at that point I will seek professional legal counsel. Even though I will be paying a lawyer, I still want to be educated on the topic.

Any help is greatly appreciated!

Welcome Jordan. I'm also working in Brentwood. 

Nashville is a hot market right now with lots of opportunity. 

Where has bigger pockets been hiding all my life????

Hello folks,

I am a newer investor living in Nashville, TN. I currently have 2 deals under my belt. 

I have been investing in stocks for the past 10 years and I am trying to make the transition into real estate investing. I want a slow, methodical way of building wealth and not one that can go up and down 20% in a single day.

Currently working full-time as an accountant, but my goal is to most definitely be a full-time real estate investor some day.

So far I really enjoy the business of real estate and everything that comes with it. I LOVE the podcasts on BP, and my main priority on BP is to just be surrounded by like minded individuals.

Very nice, guys! The podcast is awesome! I have gained a wealth of knowledge from listening and I often times find myself laughing out loud in my car :-)