All Forum Posts by: Matthew Robertson

Welcome David, I am an investor in the Nashville and SOKY area. Once you get into a position to make your first deal get in touch with @Damien Shoemake He can probably help you find a good area to start in.

@Mehran K. Yeah, and actually I have a roommate in my unit that pays me rent also, so i'm only a couple hundred bucks shy of what I would see with all 4 rented! Thanks for the shout out, I remember hearing your name mentioned in the podcast.

Hi Tony! So far so good. The neighbors are super friendly and it's a generally quiet area. I looked at probably 6 or 7 other houses here in Old Hickory Village before purchasing. A fair amount of foreclosures here. Most of the properties in the immediate area are old company builds by Dupont back in the 30's. 2/1's and 3/1's. I am a buy and hold - cash flow investor so I will be renting this one out. Rehab should be complete within a week or two and hopefully ill have tenants in by the end of next month. Ill post pictures and a deal breakdown once it's complete.

I looked at East Nashville initially but it's been full on bubble-town since 09-10. Too rich and competitive for my blood there. Old Hickory is a nice area that is surrounded by Old Hickory Lake-Madison-Hermitage-Hendersonville-Gallatin, which are all great area's and within commuting distance to downtown.

I have actually been a part of BP for many months but have yet to give an introduction!

I am a buy and hold investor and have I've been in REI since 2012 and so far have an owner/occupant 4 plex in Bowling Green, KY (hometown) on a VA loan, and am almost finished rehabbing a SFR in Old Hickory, TN.

I've read many investment books and most recently a few of the REI book recommendations from the podcast (I listen to it weekly!) Looking to network with fellow Nashville investors/RE folks!

Great post Rich!

I am shooting for $12K/mo cash flow in todays money, after tax, from REI. This number is only a replacement of my personal income. Not sure how much I would actually require because, like Matt, I am only 25 and I invest over half of what I make now. I am also shooting for $3MM in non-REI assets, such as stocks/commodities and cash in investment accounts.

This is my 10 year goal. I should easily exceed my cash flow requirements by that point but hope to pay off a solid portion of the REI and my personal residence before I quit the W2 job. After that 10 year mark I plan to "semi-retire" into my own personal part time investment manager. Continue REI. Maybe start a small business or farm. The idea is, like Rich, do what I want, when I want without worrying about matters of a monetary origin. This of course is todays plan and it will have MAJOR changes once children and major life events come into the picture. Gotta be able to roll with the changes!

My first post here at BP!

In my opinion, most of the worlds developed countries current "fiscal approach" will end badly. I think stagflation for many years will be our most likely outcome. If inflation begins taking hold in something our economy is dependent on (i.e WTIC), the governments will try price controls; which of course will not work and only create shortages. I'd check out Jim Rickards book "Currency Wars" for an eye opening view on this situation.

That being said I am taking advantage of the ultra low interest rates (on 30 yr. loans) to invest in cash flowing properties. My focus is on properties that are in "value" areas of Nashville's expanding downtown area. If the neighborhoods explode and I double my equity, great! Ill sell and reinvest! If the values go no where for 20 years, I still have cash flowing properties that I can afford to sit on. That and a healthy commodities/precious metals portfolio (yes i've taken quite a beating over the last 6 months).

Also on the recent Cyprus situation. The IMF showed us its ability to take private funds (without permission?) and use them to pay off government debt. As soon as I transfer to a new company I plan on emptying out my 401K (largest part of my net worth on paper) and rolling the funds into more RE or even a business. May not be for everybody but there it is.