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All Forum Posts by: Mark Gliebe

Mark Gliebe has started 4 posts and replied 154 times.

Post: Where to buy 1st out of state property?

Mark GliebePosted
  • Real Estate Agent
  • Posts 167
  • Votes 72

I am in the Nashville market and it definitely is a cash flowing market. We have not even reached out ceiling yet. Job growth and development continues to come here and although there may not be under $100k deals within minutes from the city, there are great opportunities below that price range in suburbs of Nashville. I am not saying I an expert, but you have to dive into the neighborhoods and suburbs of Nashville to get an accurate picture. Everyone sees Nashville and they think Broadway, honky tonk bars and all these high rises. I am consistently finding properties $50k-$250k all over Middle Tennessee. There is so much opportunity for fix and flips, development properties, BRRRR, etc. You just have to know this market.

Post: Complete Newbie - Nashville, TN

Mark GliebePosted
  • Real Estate Agent
  • Posts 167
  • Votes 72

Hey @Arthur Smith welcome to Bigger Pockets!  I found the Robert Kiosaki book Rich, Dad Poor Dad very helpful when I was starting out.  Also other books he wrote as well.  I would recommend One Thing, Hold and Shift by Gary Keller.  All great insights to starting out.  Those were some of my first reads when I started investing and learning.  

As far as getting started or questions to ask.  There is no dumb question, you don't know what you don't know and there are plenty of great people to educated you along the way.  I am still learning and growing.  We all are.  Ask anything and everything if you are curious.  Keep reading educating yourself and then dive in.  Best way to learn is to make mistakes and have success with property.  Don't spend your money on seminars and real estate gurus when you can take those thousands of dollars and put it towards your next investment.  

Two things I would recommend is finding a mentor or someone you aspire to be in real estate and shadow them.  Most of the time they won't have time for you, but keep being persistent and offer your services and don't take no for an answer.  

The second would be the importance of forming a great team when investing.  What I mean by that someone finding you properties, property management, contractor, landscaping, tax, attorney, agent, etc.  You don't need to have this right away, but you will learn and it will change as you grow.  

Hope that helps!

Post: #MFIN Multifamily Monday Meetup - Nashville, TN

Mark GliebePosted
  • Real Estate Agent
  • Posts 167
  • Votes 72

@Kirsten Milliken are you looking for 2-4 units or 5+ units?

Post: New to Nashville - Looking to invest in Flips -

Mark GliebePosted
  • Real Estate Agent
  • Posts 167
  • Votes 72

@Moshe Maeir are you still interested in fix/flips in Nashville?  I know your post was 2 years ago, but wanted to reach out nonetheless.

Post: Buying an investment property in Nashville

Mark GliebePosted
  • Real Estate Agent
  • Posts 167
  • Votes 72

@Giselle J.are you still looking for investment properties in the Middle Tennessee area?

Post: COMMERCIAL WHOLESALE DEALS

Mark GliebePosted
  • Real Estate Agent
  • Posts 167
  • Votes 72

What is a typical finders fee (%, flat, profit, etc.)?  Also how much equity should you be asking for in lieu of your fee (10%, 20%, 25%)?  What is you are bringing multiple partners in on the deal?

Post: Qualified Intermediary in Nashville

Mark GliebePosted
  • Real Estate Agent
  • Posts 167
  • Votes 72

@Brittni Lilly I am in the Nashville area and actually met with Luke Hays in Franklin/Cool Springs.  https://reach150.com/ipx1031-s... If you need his personal contact information. I would be happy to send to you in a PM.  Hope all is well.

Post: Inspired Newbie Investor

Mark GliebePosted
  • Real Estate Agent
  • Posts 167
  • Votes 72

Hey @Account Closed welcome to BP and if your investment strategy takes you to Tennessee or Kentucky please let me know!

Thank you @Tj Hines.  You are right, it may take time and patience.  I understand it does take longer for commercial deals to put together.  I have to keep that in mind.  

Thank @Patrick Liska for the insight.  Definitely more to look into as far as details of the project.  Overall based on what my comp had to do (zoning, security, tear down, utilities, taxes, insurance, etc.) as I will have to go through, it looks like the numbers could work out.  Obviously I need to dig deeper in the details.  I don't want to go too far into it until I have a better grasp on whether or not the land adjacent to me is attainable.