All Forum Posts by: Mark Gliebe

Hey @John Weir welcome to Nashville!  Where did you move from?  I help investors find flips and rehabs here in Middle Tennessee!  Look forward to connecting!

@Bart Esparza (Ruben) all great advice from very knowledgable people above.  First of all congrats on the pregnancy!  I will pray for you and your family on a healthy and successful pregnancy and birth.  My wife and I are of similar age and we just had our first born as well, it is an amazing and exciting time!  With that being said I would most definitely put family first.  No need to rush a move or buy a house in a neighborhood or surrounding community that you found you do not like or your commute a different direction.  I would rent, like others have recommended so that gives yourself some time to figure out the areas, find your routine and what you frequent and then target that area to buy.  No shortage of options in your price range for sure.  

If you need further help or advice, I would be glad to help especially understanding and being in a similar life changing experience.  Spend time and be present to your wife and new family.  Investments will always be there, moments and time do not.  Make small investment moves, build on that!  You have plenty of time and God might bring you more blessings in the future which will change things even further!  Look forward to meeting you and you family down the road!

Hey @David Anaya there are definitely still opportunities for 1-1.5% rentals here.  Just in the past 30 days we have had a duplex at $2200/mo for $200k in Old Hickory and a triplex for $443k that rented for $4500/mo in Lockeland Springs and additional one in Madison.  @Joseph High is correct in looking at Madison, Old Hickory, Smyrna, Murfreesboro.  I would also add Bordeaux, Cleveland Park/McFerrin Park, Donelson, Woodbine/Glencliff as places to look as well.

@Sam Tabor welcome to bigger pockets!  Secondly, congrats on being debt free, that is a huge accomplishment especially for people of this generation!  What kind of real estate strategy are you looking to employ?  Fix/flip-Rehab? Hold/Rental? Multifamily? Single Family?

Hey @Kevin Stringari are you looking for multi-family 5+ units or SF and 2-4 units?  We have all what you are describing (poor or mis-management, owner retiring, a seller who needs to sell quickly, REO, or just a severely dilapidated asset or something needing work) all over Middle Tennessee.

@Neil G. I would look into Louisville and Lexington, KY. I used to love there and own an investment property there and know a few friends that are doing the same thing. I used to live in Richmond, VA too, so I would look there as well. Raleigh, Knoxville, Chattanooga, Charlottesville, VA , Birmingham, Huntsville are other areas I would look as well.

Hey @Jasmein Span, welcome to bigger pockets!  How far are you out of Nashville?  Murfreesboro? My advice starting out is to invest close to area you know.  What kind of investment property are you looking for?  Fix/Flip, Rental, Hold, single family, 2-4 units or 5+ units?

@Austin Haney based on the information you said it might be grandfathered in.  Like Allan stated if it does not have 2 separate meters then you would have to talk to you councilman and in this environment metro is pretty strict on not rezoning something Rs.  There is always a chance and you would have to do that digging.  If the land use on the tax records state a duplex, but the zoning is Rs you may be able make it MFH.  I would suggest going to zoning/planning and ask to confirm though.  Look it up in tax record parcel viewer and then confirm at metro.

@Tim Hendricks I love hearing about your success and your process. Correct me if I am wrong, but essentially you a smaller independent REIT? Investors invest in properties you acquire and they get a guaranteed return? Would love to pick your brain more on this!

@Levi Crabtree hey Levi I own 3 rental properties (1 a condo in Nashville) and do not have an LLC yet. It is not necessary until you have a threat of loss or lawsuit like previous people have commented. What I did was get an umbrella policy that covers all my assets. This umbrella policy is addition to my insurance policy I have on all my different properties. I got one for $1mil and it costs me $225/yr. As long as your assets are under the value of your policy you should be good to go. My assets appraised do not value more than a $1mil. You can get $2mil and I believe even $5mil policies (don't quote me on that). You would need to talk to your insurance provider. That is much cheaper option and I would look into that before you start paying unnecessary fees for an LLC.