All Forum Posts by: Mark Gliebe

@David S. yes tornados happen here in Tennessee.  We are on the eastern edge of tornado alley.  Unlike earthquakes, which I am not familiar with growing up in the South and Midwest, but from what I understand is you need a separate policy for that.  I am not from Florida either, so I cannot accurately give you info on a hurricane policy (or the lack there of).  I do know a lot of coastal areas in Florida are self insured and do not you insurance will either charge you crazy amount or not cover you at all.  

There are not separate policies for tornados, they are part of a covered insurance policy.  It will depend on the insurance policy of course, but I know several apartment complexes minutes from me in the Germantown neighborhood and they received extensive damage and had to release all of their tenants from their leases because of reconstruction of their 100+ unit complex.  I do not know their policy, but typically policies will cover building to the standard that it was in previously and pay for lost rents.  These are not added writers on a policy these are included in a policy.  Again everyone is different.  I would not be concerned with a tornado and if that has an impact on your bottomline, because of the rarity of it occurring to your building and the coverage you will have in a standard policy.  

Bottom-line they operate much differently than hurricanes or earthquakes.  I would be more concerned about flooding than a tornado as that would be a great threat and more likely to happen.

@David S. those are both growing and great areas to be in.  

These areas are great communities within themselves.  As Rhett has stated, Murfreesboro is the second largest county (Rutherford) and employer base outside of Nashville.  Murfreesboro cannot keep up demand as Rhett stated.  It has the largest university in the state, Nissan, Medical center etc.  People commute to Murfreesboro for work just as much as they commute to Nashville.  It is it's own community and area and continues to thrive with and without Nashville.  Definitely a good steady strong market currently and in the future.

Spring Hill continues to be hot as well.  More and more people build, move and live in this area.  Williamson county is one of the best public school districts in the country and people want to be in that county.  Spring Hill offers that affordability.  It is also anchored by the Spring Hill GM (former Saturn) plant.  Most people here like this area because of the aforementioned reasons as well as the proximity to Cool Springs/Franklin which outside of Murfreesboro and Nashville is the next biggest employer base, shopping, dining, etc. in the region.  

Both of these areas appeal to thousands of individuals.  It has strong schools, robust employers, easy access from I-65, I-840 and I-24 and the region of Nashville is moving and growing in those directions.  Columbia is another hot and growing are which is just south of Spring Hill.

If your metrics and where they need to be, you should definitely jump on these opportunities and you will not regret the cash flow and appreciation for years to come.

@Brian Boyd thanks for sharing your story and your success.  I hope you have continued success and profitability for you and your ventures.  Are you looking at any outlining areas of Nashville and Middle Tennessee?  Great to hear about your failures too.  I feel those are just as important if not more important than successes in growing and learning in this game.  Look forward to connecting down the road. 

@Kacie Benson where are you currently and where are you looking at investment opportunities?

What pocket do AP students live in?  Concentrated near the river, do you mean Greenwood and the area south of there?  There are no good pockets there?  What about Providence, Northwood Terrace, Woodlawn Estates?

I am eager to know more about the Clarksville market in general.  I am here in Nashville and do sell deals to investors in Clarksville, but eager to expand my knowledge of the market.

I do know a few basic things.  Fort Campbell is based there and is the main employer (I am former military so I understand and know that).  I know Trane, Hankook, Amazon all have big hubs or HQ there.  I know Sango area is the more favorably area and Tiny Town Rd has a lot of new builds and military families.  

I would be interested in downtown Clarksville, Austin Peay and college area.  Where the city is growing and what parts of to avoid?  Also interested in the growth of Clarksville (most businesses and commercial is off Wilma Rudolph).  Why is there not more growth south of the Cumberland?  Will growth continue sprawling towards I-24?  Is Southeast Montgomery county your best bet?  Where are investors buying and where do you see in going in the next few years?

@William Nobel sounds like you have an awesome thing going for you.  Good for you and the purchases you have made.  How are those renting?  Have they been long term rentals?  What is your future goals?  Rentals, flips, rehabs, turnkey?  Look forward to helping anywhere I can!

Top reasons why Investing in Tennessee is advantageous:

1) No state income tax

2) Logistics hubs and centrally located to Southeast, Midwest and Northeast

3) Weather and quality of life is better.  We may not have California weather, but we make up for in affordability, tax climate and way of life.

4) Job and population growth

Hey @Allison Littman I have a few framers that I could recommend to you.  I have some plumbers as well, but most of my contacts are in Sumner County and Northern Davidson County areas.  I would be interested in exterior finishes subs as well.  I do not know have any of those either.  The framing costs I have seen are on the low end $4.75/sq ft to $6-6.50/ sq ft on average.  I am eager to hear about some of your contacts as well.  Would love to connect through DM.

@Jennifer Stradtman where is this land located and do you have an exclusive agreement with your neighbor or is it a hand shake deal?  Depending on your relationship with your neighbor I would not sell it outright to another developer or new home builder.  It also would depend on how much capital you have to personally invest.  I would keep your stake in the property bring an experienced builder/developer on board and let them take the lead, but don't negotiate yourself out of the deal.  Unless you don't want to be in a project for that long and deal with it for several months to a year project, then sell those rights might make sense.  Depending on the area I have several contacts with luxury home building experience that would love to partner with you.  I can make those connections for sure.  Sounds like a great opportunity either way and wish the best of luck to you!