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Market Summary for Nashville

Downtown Nashville Aerial

The median sales price for homes in Nashville TN for Oct 14 to Jan 15 was $205,000. This represents an increase of 1.5%, or $3,000, compared to the prior quarter and an increase of 8% compared to the prior year. Sales prices have appreciated 28.2% over the last 5 years in Nashville. The average listing price for Nashville homes for sale on Trulia was $504,199 for the week ending Jan 14, which represents an increase of 0.8%, or $3,883, compared to the prior week and an increase of 2.1%, or $10,381, compared to the week ending Dec 24. Average price per square foot for Nashville TN was $155, an increase of 12.3% compared to the same period last year. Popular neighborhoods in Nashville include Inglewood, West Meade, Urbandale Nations, Bordeaux Area, Hillsboro West End, and Bellshire Terrace.

 

Source: trulia.com

The TNREIA wishes you a Merry Christmas & wonderful New Year!

christmas 1

This Thursday night is our regular monthly meetup. Since it’s so close to Christmas we’re making it a Christmas Party! So, come on out and spread some Christmas cheer. Meet with new and seasoned Real Estate Investors on the third (3rd) Thursday of every month. This meet & greet starts at 6:00pm at the Alegria Modern Mexican Restaurant & Tequila Bar in Green Hills. You do not want to miss this opportunity to have a good time and set yourself up for success.event.

When: This Thursday Night 6:00-???

Where: 2002 Richard Jones Blvd, Nashville, TN, 37215

Don’t miss tomorrow’s Self-Directed IRA Workshop!

 

 

IRA InnovationsThursday – November 20th 12pm-1:30pm
An Introduction to self-directed IRAs
Free event and lunch is provided

Yes! You can buy investment real-estate, notes, private companies and more inside a self-directed IRA. Come learn the in & outs of what is and is not allowed!

Mike Todd, of IRA Innovations, will give you the vital information you need to accomplish unlimited profits in your retirement account. Don’t miss this event!

The location of this event is:

IRA Innovations
750 Old Hickory Blvd
Building 2 Suite 150
Brentwood, TN 37027

(This is the Brentwood Commons office complex next to the Four Points hotel)

….Since seating is limited and lunch is provided, please register no later than 5:00pm on Wednesday, November 19th.

Call the office or click Below to sign-up for this event:

615-794-8961

 

click here

NO MONEY DOWN REAL ESTATE?

518kYBEc-AL._SL210_Wholesaling real estate provides an opportunity for someone to build income with little or no capital. All it requires is ambition and some specialized knowledge. The more ambition you have, the more money you can make. Wholesaling does not require a real estate license. A license is not required to buy or sell any property that you have an equitable (monetary) interest in. That interest can be a contractual interest (you have the property under contract) or you actually own or have title to the property. What is Wholesaling?  A wholesaler, to make a long story short, puts property (normally distressed and/or non-conforming property) under contract and assigns or resells the property to another real estate investor. The investors a wholesaler sells to usually uses cash, lines of credit, hard money loans, and other sources of immediate funding. This allows quick closings on properties that sometimes need extensive repairs.  A wholesaler lives off of the idea that price overcomes all objections. If you can sell a property for a low enough price it doesn’t matter what’s wrong with it, somebody will buy it. A wholesaler focuses on developing two things. Finding good deals and their network of investors to sell their deals to. Getting Started Wholesaling Real Estate  Getting started, a wholesaler normally does not buy property. They put properties under contract with a contingency and focus on quickly selling the property for more money to other investors. If you end up not being able to sell the property before you are expected to close then you utilize your contingency and walk from the contract.A wholesaler is a middle man, and a good wholesaler becomes a very well payed middleman that other investors like doing business with. The secret is that if you have a good deal under contract, there are many more established investors out there that will be glad to pay cash for it in a matter of days. If you have a house that will sell fixed up (ARV) after repair value,  for $100,000, and it needs only $10,000 in remodeling, and you have a contract on it for $55,000, then with a developed investor network you could have an investor buy it for $60,000 in a few days. You sell it or assign the contract for 60K, you bought it for 55K so you just made $5,000 in a matter of days. To learn these strategies and more register online  for our next Wholesalers workshop where local seasoned investors can show you how to wholesale properties with little or no money down.  A wholesaler is a middle man, and a good wholesaler becomes a very well payed middleman that other investors like doing busineess with. The secret is that if you have a good deal under contract, there are many more established investors out there that will be glad to pay cash for it in a matter of days. If you have a house that will sell fixed up (ARV) after repair value,  for $100,000, and it needs only $10,000 in remodeling, and you have a contract on it for $55,000, then with a developed investor network you could have an investor buy it for $60,000 in a few days. You sell it or assign the contract for 60K, you bought it for 55K so you just made $5,000 in a matter of days. To learn these strategies and more visit our regular networking meetings at CorKy’s Bar-B-Q or attend one of our Wholesalers meetings / workshops  where local seasoned investors can show you how to wholesale properties with little or no money down.

Celebrate Independence Day!

Flag EagleIndependence Day is a day of family celebrations with picnics and barbecues, showing a great deal of emphasis on the American tradition of political freedom. Activities associated with the day include watermelon or hotdog eating competitions and sporting events, such as baseball games, three-legged races, swimming activities and tug-of-war games.  Many people display the American flag outside their homes or buildings. Many communities arrange fireworks that are often accompanied by patriotic music. The most impressive fireworks are shown on television. Some employees use one or more of their vacation days to create a long weekend so that they can escape the heat at their favorite beach or vacation spot.  Independence Day is a patriotic holiday for celebrating the positive aspects of the United States. Many politicians appear at public events to show their support for the history, heritage and people of their country. Above all, people in the United States express and give thanks for the freedom and liberties fought by the first generation of many of today’s Americans. As we celebrate this week let us not forget our forefathers and the sacrifices made by so many that we may enjoy our civil liberties & especially our individual private property rights that we have today. Without their many sacrifices what and where would we be?