All Forum Posts by: Mark Gliebe

Hey @Chris Spencer Jr welcome to BP and real estate investing! I would pick a focus area you would like to target and start with that. If that is flipping, wholesaling, BRRRR, long term hold and rentals, etc. I would focus on one of those strategies first and then start digging there. As you grow and expand and your business gets bigger and you gain more connections and insights you will naturally fall into other categories. Look forward to connecting and good luck on the journey!

@Cooper McCoy whats neighborhoods/areas are your exploring?  How are you looking to finance your first deal?  What ideas specifically are you looking to bounce off others?

@David Miller I think the option laid out above is a great one and you should definitely look into it.  Another option could be to invest not in a rental, but a flip. Take that money/ profit to then put in the full bath for your primary.  That way you made money to put a bathroom in your home and gained the equity and then move forward with a rental as outlined above.  Just another scenario to get the same result.

@Chris Barrett welcome to Nashville Chris!  What part of town are you living in and what part of town do you work?

My personal favorite neighborhood to buy and hold in right now would be the McFerrin Park/Cleveland Park of East Nashville because of the SP (Specific Plan) Zoning and its proximity to the new River North Development.  On a longer play I am a big fan of Donelson and the long term hold strategy there.  I still like East, Inglewood, and Madison too.  Also I am a big fan of the Glencliff/Woodbine areas too.  

As far as outside of Davidson County.  I like Hermitage and Hendersonville for rentals.  I also know Smyrna, LaVergne, Murfreesboro are great for rentals, but I do not focus as much in those areas, but they are great and hot nonetheless. Not many places I would would hold a rental in Williamson.  Price points are too high to make it valuable enough for me personally.  I would do more renovations or flips there.  Maury Co. and Columbia is becoming increasing popular for rentals and a lot of good cheap options there too. 

I could dive into more areas and more detail about each of them, but just send me a DM and I would be happy to go into it further!

@Brandon Schaffner the appeal to Chattanooga and Knoxville are the outdoorsy lifestyle and college universities.  Chattanooga actual had terrible air pollution not that long ago and so the mayor and residents wanted to do something about it and they turned the city into a clean city and has since become a haven for mountain biking, hiking, white water rafting, fishing, etc.  They are both close to Smoky National Park which is the most visited national park in the country.  I would akin Chattanooga as far as lifestyle and amenities to Boulder, Boise, Ft. Collins, Jackson Hole, etc. (not skiing or resort-y, but outdoorsy, etc.)

@Brandon Schaffner great question and what a tremendous opportunity for you to start fresh.  There are definitely positive ways of viewing this pandemic we are currently in and this is one of them.  Instead of seeing this as a way obstacle you seeing it as a new opportunity for you and I love that outlook.  I am 33 as well and have basically lived 3 places in my "adult life".  Richmond, Louisville and now Nashville.  Love all 3 for different reasons, but I love them for all the advantages of big city amenities (arts, culture, nightlife, parks, concerts, sports, outdoors, etc) with a less price tag than the big cities you named in your initial post.  All affordable and have vibrant places and things to do as well as strong growth in diversified industries.  I am also a fan of Cincinnati, Lexington, Chattanooga, Knoxville, Raleigh/Durham, Wilmington, Norfolk/Va Beach, Huntsville, St. Louis just to name a few.  Personally I recommend the Southeast U.S.  I was born in Detroit and have family in Cleveland, Pittsburgh, D.C. and Chicago so I know the midwest and southeast best.  I have also traveled to 49/50 U.S. states and have visited almost every city over $1million people and the Southeast is where I would hang my hat and call my home for sure.  Best luck to you and your journey and pray God opens many doors for you!

@Hank Stolz Sounds like you are off to a great start!  Look forward to connecting and hearing about your future success!

@Clay Bradley I am in Nashville and it is still a great place to invest. It just depends on the submarket. Compared to Knoxville, Chattanooga, Memphis and Clarksville, yes we are more expensive as a whole, but there are submarkets and neighborhoods within Nashville that are great to invest. I would have to agree that the STR market here is not as lucrative anymore especially with last summer's change by Nashville metro council. Hotel lobbyists have ruled the day for sure.

Nashville is seeing greater job growth than most of the markets mentioned above and we anchored by diverse industries (healthcare, auto, logistics, manufacturing, tourism, music, banking, tech, etc).  Coming from Bellevue, WA which I know is one fo the most expensive places to live and work in the country, Nashville would be a bargain for you for sure.  Nashville has not peaked yet, it is still seeing the growth other cities have not.  When you compare Nashville to other Tennessee cities, yes it is expensive, but when you compare it with peer cities across the country with whom we compete with for HQ, and job growth then yes it is still a great place to invest.  Happy to discuss further!

@Praveen Balaji welcome to BP!  I can echo @Mat Farmer's sentiments as well.  What market are you in currently?  Just as Mat Farmer stated, there are various areas and submarket/neighborhoods within this area that are appealing to investors for various reasons.  I usually work through a similar approach as Mat, but I like to know your WHY and your motivation to invest, especially here in Nashville.  Look forward to connecting!

@Account Closed what neighborhood/part of town is your investment property located?