All Forum Posts by: Matthew Anderson

Awesome @Jamie Parker.  Will certainly keep you informed.

Great!  @Matt Leavell I accepted your request so stay in touch. That's the right idea! This is really for learning and sharing. 

 @Victor Gootee I'll send you a request.  

Hopefully we can get some more interest and then come up with a time and place.

I am not sure why some are not linking.  @Micah Copeland,

@Michael Anderson, @Devan Mcclish, @Mark Douglas

Caleb and I thought it would be a great idea for a handful of bigger pockets members/investors in the Nashville area to get together sometime in the near future.  Perhaps we could make it a regular thing.  I would love to get something like this together, because I know how important it is to have people to keep you accountable, as well as to share ideas with.  Interested anyone?

@Caleb Bryant, @Michael Anderson,@John Montgomery, @Mark Douglas, @Devan Mcclish, @Derrick R.,@Micah Copeland

Congrats!  I, like Michael, am also looking for a multifamily. Like you Mark, I want to live in one of the units.  Im living rent free at the moment though, so I'm trying to be patient.  I am looking to find somewhere that is within an hour of both Hendersonville and Clarksville (I work in Clarksville and the finance works in Hendersonville).  Any tips guys?

Great questions Cliff.  I've been on the fence about buying in the Nashville market myself. 

Matt, not giving legal advice given here, but here are my thoughts.  Someone who signs a contract and honestly intends to do what's in the contract hasn't committed fraud.  Fraud requires the intent to deceive.  However, to someone checking up on the property it would probably look like fraud, and then you would be in a difficult situation of having to make excuses and explain how you intended to move in but it didn't work out.  

If you can still move in, but it might be a little later than sixty days, have you considered calling them up and tell them about your situation?  Maybe you could tell them that you fully intended and still intend to move in within 60 days, but it might take a little longer because of some financial difficulty?  I would think that if you are concerned about it this kind of transparency might be the best approach, and if it didn't work in your favor it least you would know you need to hurry into the property to meet the deadline.

Sounds great to me!

Thanks @Colin Smith.  I am planning on bringing a notepad and pen.  Unfortunately, I do not have any business cards at the moment -- something I should change.  I guess I will just have to exchange numbers.  I'm thinking that maybe business casual would be best because I am in Knoxville, TN and waiting up might be too much.

Thank you for the advice @Lelith Walker.  I will certainly be careful who I trust.  I am sorry that happened to you.

There is a lot of advice on here saying that there are no options for you legally; that is not necessarily true.  You should talk to a local attorney if you have any interest in seeking damages for your losses in this deal.

Generally speaking, fraud requires the defrauder to have had the intent to defraud the person -- which can be difficult to prove without any specific evidence of bad faith.  However, constructive fraud is where someone who is in a fiduciary, confidential relationship -- a real estate agent for example -- makes a misrepresentation to his client that is a breach of his or her duty to the client.  In that kind of situation there CAN be a successful claim against an agent even if it can't be proven that the trusted party intended to defraud the client.

Just thought you might want to know about this type of fraud whether you decide to seek counsel or not.