All Forum Posts by: Brittni Lilly

Does anyone have a recommendation for a qualified intermediary for a 1031 exchange in the Nashville area?

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $210,000

Divided the lot that our previous home was located on using HPR. Hired a contractor to build an investment property on the newly divided lot. Sold the original dwelling and kept the new build as a rental property.

What made you interested in investing in this type of deal?

Unusual opportunity

How did you find this deal and how did you negotiate it?

N/A

How did you finance this deal?

Traditional mortgage

How did you add value to the deal?

We bought the original lot at an inexpensive price before the area became popular. Once it became popular, all the old homes were torn down and two homes were built in their place. Since our home was the first new build, we recognized the opportunity we had and decided to take action.

What was the outcome?

We currently have over $100K in equity on the property and we are cash flowing $600 a month.

I am in search of a Nashville, TN based real estate attorney with a good track record and reasonable rates. I am in the process of dividing a piece of property utilizing the Horizontal Property Regime and I need an attorney to make the division legal and complete. Any recommendations are greatly appreciated!