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Investors Luncheon Cancelled!

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Due to the weather the investors lunch meeting for Monday, January 6th, is being cancelled. We hope to see you next Monday on the 13th! Thank you for your understanding and be careful out there on the roads.

 

Happy New Year!

I hope that your Christmas and New Years holidays were as exciting and meaningful as mine. I really enjoyed spending the time with my beautiful wife, Laura, along with my daughters Nicole & Erin and my son, Jesse.  Being in this business affords me the time to have to spend with my family. However, we now get back to some normalcy this Monday, January 6th, 2014.  Wow! I wrote the right year/date.  Let’s see how long that will last.  Don’t miss this Mondays lunch at Corky’s Bar-B-Q in Brentwood, Tennessee.  We will be discussing topics such as buying and selling house’s, Landlording, property management, flipping, remodeling and more….. Hope to see you there!

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Metro Planning to hear Rules change on subdividing lots for denser infill housing!

This article appeared in  The Green Hills News:

Rules may change on subdividing lots for denser infill housing

Jenny Upchurch
Associate Editor

The Metro Planning Commission is set to discuss and could approve new rules next month on how lots can be subdivided, part of a controversial practice of tearing down one house to build two or more.

Hot urban neighborhoods such as Green Hills, Sylvan Park and 12South have seen hundreds of older homes on large lots torn down and then replaced with two or more new homes. Developers and planners say Nashville’s boom requires denser housing targeted to those who want to walk and bike rather than drive. But residents complain the packed-in houses destroy the character of their neighborhoods.

Charlotte Cooper, president of the new Green Hills Neighborhood Association formed to fight a 16-story apartment tower on Hillsboro Road, said the group is “definitely looking forward to new regulations. The way they were interpreted in the past was very harmful to our neighborhoods.”

The new rule are on the agenda of the Thursday, Dec. 12, planning commission meeting. But already the planning department’s staff has changed its interpretation of the subdivision regs adopted in 2011, weighing surrounding properties more heavily.

And one Green Hills property owner and developer cried foul at the most recent planning commission meeting.  Planning staff recommended disapproval of the request to split a lot on Lyndawood Drive to build two detached homes. The developer and property owner argued identical requests had been approved until a few weeks ago. Doug Sloan, deputy director of the department, agreed the interpretation had changed based on legal advice. The interpretation now looks at comparable housing to determine if a subdivision fits in. The prior interpretation relied more on the land use policy.  With that admission, a majority of the planning commission was ready to overrule its staff and approve the subdivision. “Until we vote on new regulations, we need to stick to the prior interpretation,” said Planning Commission Chairman Jim McLean.

But a Metro Council member at the meeting urged the commission against that. “This has significant implications to our districts,” said Emily Evans, who was present for a different zoning case. She persuaded the commission to defer the Lyndawood case so that council members whose districts are targeted for infill could offer comments.  Evans argued the original interpretation in 2011 when the subdivision regulations were adopted was to look first at comparability and then policy. “Somewhere in there it shifted. When staff was asked, they went back … You’re changing what you told us in 2011. If that’s what you’re going to do, I’m going to downzone my district, which is not in the best interests of Nashville.”

Subdivision of property only needs approval by the planning commission, not an OK by Metro Council like zoning changes. But Metro Council members can recommend approval or disapproval.

Council member Carter Todd , whose Green Hills district includes Lyndawood, had urged disapproval of the request and was shocked by the commission’s action. “On a zoning issue, if the local council member says to reject it and staff agrees, it is reckless for the planning commission to go against that. Why have staff if they are not going to listen to them?”Todd said real estate professional typically know that a project is provisional until approval is grants. He suggests that all pending subdivision requests be held until the new regulations are adopted. “And then treat all the cases the same,” Todd said.

Todd said he’d also back community meetings to explain the new regulations and get citizens feedback.

End Of Story.

MAKE SURE YOUR VOICE IS HEARD!

Community meeting December 9: proposed amendments to the Subdivision Regulations

Metro planners will discuss those proposed amendments and receive public comment at a community meeting from 4 – 5:30 pm Monday, December 9, in Conference Room 1A at the Main Library, 615 Church Street.
Other upcoming opportunities to learn about and make comments on the proposed amendments include:

  • A draft of the proposed amendments and an online comment form on the Metro Planning Department’s front page
  • A public hearing during the regular Planning Commission meeting at 4 pm Thursday, December 12, in the Sonny West Conference Center on the ground floor of the Howard Office Building at 700 Second Avenue South
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Tennessee Tenant Screening

 

Real Estate Allies launches new website for TNREIA

The Tennessee Real Estate Investors Association is proud to announce the launch of our new website design for www.TNREIA.com. The real estate website design was built by Real Estate Allies, a new sponsor of the TNREIA organization.Real Estate Allies - Online Marketing and Web Design

Real Estate Allies helps real estate professionals grow their business through online marketing and web design.
Contact us today for a free marketing consultation and let us help you grow your business.

In addition to redesigning the website, we have also added new functionality. Some of the new features include:

Could you use a new website design or online marketing strategy for your business? If so contact Real Estate Allies today for a free marketing consultation.

Are You a Candidate for a Self-Directed IRA?

By Mike Todd

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As the business development manager for IRA Innovations, an administrator of self-directed retirement plans, I have met hundreds of people who are interested in learning if they would be successful self- directed IRA investors. I have found that self-directed IRA investors have certain commonalities. Look at the list below and see if these qualities apply to you.
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EVENTS

1. They are goal oriented. They generally have a strategy in place and know what type of assets they wish to acquire as a part of their portfolio.

2. They do their homework before they buy.

3. When markets change, the self-directed IRA investor stays the course.

4. They don’t allow others to influence their investment decisions. They listen to their trusted advisors, but in the end they make the choices.

5. They don’t put all of their eggs in one basket. They diversify.

6. Most believe they must be in charge of their own financial future. They are aware that Social Security and other government programs may not be available by the time they need them. The retirement plans they build today will need to last the rest of their lives.

7. They have a mix of investments outside of their retirement accounts as well as in their IRAs or 401(k)s.

8. They continue their financial education. They utilize courses, webinars, reading, and other sources to further educate themselves about investment types and strategies.

If any of these 8 commonalities sound like you, then you should consider having a self-directed IRA as a part of your investing strategy. There are different types of IRAs just as there are different types of investments. If you want to learn which IRA will fit your needs, email me at mike@irainnovations.com, or visit our web site where we offer information about the different types of IRAs. Rather talk? Call me at 615-794-8961 with your questions. Let’s get started on growing your financial future today!

Put your financial future in your hands. No one is going to care about your money as much as you. Learn how you can grow your wealth tax-deferred or tax-free. I look forward to being a part of your financial success.

Mike Todd
750 Old Hickory Blvd
Building Two Suite 150
Brentwood TN 37027
mike@IRAinnovations.com

IRA Innovations (nor its employees) does not render tax, legal, accounting, investment, or other professional advice. If tax, legal, accounting, investment, or other similar expert assistance is required, the services of a competent professional should be sought.