Architect · Nashville, TN · Member since 2020 · 8 posts · 1 vote
I've been looking to break into real estate investing in my own market in Nashville, and have noticed as many have mentioned that the price to rent ratio in the core of the city really just isn't there for positive cash flow. Has anyone had any success in the surrounding neighborhoods or suburbs finding positive cashflow properties?
Real Estate Agent · Nashville, TN · Member since 2020 · 42 posts · 22 votes
6y
@Brad Van Rassel Congrats on getting started in the Nashville market! There are still some opportunities for 1% deals in Nashville but you will have a lot more options if you're willing to look in Clarksville, Columbia, and Madison.
Rental Property Investor · Indianapolis, IN · Member since 2018 · 4k+ posts · 4k+ votes
6y
@Brad Van Rassel I'm not in your market but I can tell you from experience cash-flow is found in B-C class properties. Where ever those neighborhoods are located is where you need to be looking. Don't waste time in high priced areas and don't "blanket" search the city. NARROW down and find the niche streets you want to invest in. Look at rental rates compared to sold prices and make educated offers. You want to be dangerous enough to know the numbers without visiting the house. You'll start ruling out properties faster than ever. Then you'll give up and go off market like most savvy investors.
Real Estate Agent · Nashville, TN · Member since 2020 · 42 posts · 22 votes
6y
@Brad Van Rassel Congrats on getting started in the Nashville market! There are still some opportunities for 1% deals in Nashville but you will have a lot more options if you're willing to look in Clarksville, Columbia, and Madison.
Flipper/Rehabber · Member since 2020 · 57 posts · 36 votes
6y
@Brad Van Rassel You are in a great area Brad,
With metro Nashville and Davidson county’s tax drama.Starting around the city are all great areas.I am in Columbia and rehabbing ,but also watching for great rentals.Ours cash flow as well as MtJuliet,Murfreesboro,Clarksville and any area around the metro.Until Google and Amazon head quarters are done in Nashville that market is going to be crazy.Now that the hotel counts are increasing the VRBO and legislation to stop VRBOs are going to decline IMO.
Nashville, TN · Member since 2017 · 28 posts · 14 votes
6y
@Brad Van Rassel - Deals have certainly been tough to come by, but I do have one property in Dickson that cash flows well. I'm actively looking in Dickson for another property. It took buying a VERY rough property with a significant rehab to make it a good deal, but it's been solid for me so far.