All Forum Posts by: Anne Wallace

@Alexander Churchill

Dear Alexander,

Great work getting started and getting started so successfully. I agree with the responders who mentioned consulting a tax advisor. I support you in adding a good tax advisor as part of your “team” and to help you with a long term strategy.

Potential Tax benefits aside , I like your ability to be in a position to even have the option of making a choice to pay off your mortgages versus holding them. That is awesome. If the economy goes into a prolonged recession I could imagine you might have opportunities to buy from investors who are “cash flow “poor or “cash poor”, or both.

Questions I plan to ask my CPA soon are : what is the strategy around depreciation ? As I understand it , ever so slightly ,depreciation helps one tax shelter your real estate income (from a passive real estate investors standpoint) for a while . At the time of sale your cost basis on the property is theoretically lower than what you actually paid because of the depreciation on the property and your “taxable” gain is thus higher. In my case my income taxes are higher than my capital gains taxes so right now I like the sheltered income.

There are lots of variables. Good luck.

Anne

Jacob,

Welcome to BP . Sounds like you have a great resource with your mothers experience in real estate. 

Anne

Hi @Sean Wilson

I would be glad to grab a cup of coffee or cocktail with you  .My office is on West End near Vanderbilt . Contact me via BP if you would like to meet .

Best,

Anne

@Jeffrey Naron- in terms of lenders I can highly recommend Pinnacle here in Nashville. 

Anne

Hi Juan Maldonado My family has lived in Nashville for over 100 years. There has been a noticeable change over the past 5 years. I work for a large international company and we have hired 1400 people in Nashville over the past 3 years and we expect to hire more. Many of these people are choosing Lebanon and Mt. Juliet ( Wilson county). Personally I like Sylvan Park and Sylvan Heights. They are near enough to Vanderbilt and Belmont University. If you drive around just know that the railroad track / trestle marks the boundary between Sylvan Park and Sylvan Heights. I would really appreciate your feed back on what class neighborhoods these are . I am " too close " to feel like I could grade it accurately myself. A" game changer" in these neighborhoods is the move of Madison Mill from Sylvan Park / Heights to Ashland City ( Cheatham Co ) . Many mill workers lived in these neighborhoods. Now the population is shifting more to professionals ( in my opinion). The H. G . HILL co. Is a very good developer here in Nashville with roots that go way back. They are building a mixed/ use apartment retail property on the site of the former Madison Mill. Also the " Nations " would be a good neighborhood to check out. Good luck. I hope you like our wonderful city. Anne

@Leeroy Ayala

@Leeroy Ayala

What is DP 3 ?

I just did a master policy with Westfield. 

Tommy Martinez " We teach what we want to learn " is my opinion. And it is nice to " pay it forward " From a teaching / learning perspective. I have had kind and generous people help me in my industry which I really appreciated and it made a difference in my life. I try to help others , and I would be very pleased if my efforts made a positive difference in their lives.

@Jason Bott

Thank you. I went with Westfield and am glad to be at this phase   

Anne 

I am interested. Please keep me posted on date, time and place !