Updated about 9 hours ago on . Most recent reply
Getting Frustrated in TN
Hey guys!! Need some encouragement from some seasoned investors!! We are wanting to get started with a long term rental but I cannot get a deal to cash flow and the rents in my area are really taking a nose dive. I think our area is saturated with new apartments and houses up for rent just sit for a 90 days + and you have to keep lowering the rents to even get a renter. I am about to throw in the towel. I want to stay within 3 hours of my home town which is Knoxville as I want to manage it myself and be able to lay eyes on the property regularly. Any advice or is TN just not a good market right now? Thanks in advance!!
Most Popular Reply
I totally get your frustration — it’s tough when you’re excited to start investing and the numbers just don’t work. It’s easy to feel like you need to make something happen, but try not to let that pressure push you into a deal that doesn’t fit your goals. Patience really does pay off in this business.
You might try widening your search a bit to other areas of Tennessee, even if it’s just outside your three-hour radius. While all the new apartments are definitely creating competition, there are still plenty of tenants who prefer the space and privacy of a house over a unit.
If you haven't already, look into off-market opportunities — properties that never make it to the MLS. Sometimes those can offer better deals with less competition.
Hang in there. From what I’ve seen working with other investors, every market goes through these phases. The key is staying patient and ready so you can move when the right deal finally shows up.
- William Whitley
