Real Estate Agent · Dallas, TX · Member since 2020 · 145 posts · 42 votes
Am a newbie REI who's looking to purchase SFH in the state of Tennessee. Am an out of state investor and will be glad if I can get recommendations and suggestions on which cities and areas to purchase SFH in Tennessee. Thank you.
Hey Everyone! @Frank Agyeman-Duah@Felix Poulin There are a few main markets in Tennessee that are on the rise and are worth looking into (plenty of info on Google and City Data can be helpful). Nashville the capital is and has been booming for years so it may be a tight and expensive market to get into but there are a few cities surrounding to pay attention like Clarksville, Murfreesboro or Franklin. Two and a half hours West of Nashville is a smaller yet growing and highly appealing town called Knoxville that has many attractive attributes including their college, schools, medical facilities, tech industry, tourism points and out of state vacation buys, stable economy, job growth, income tax rules and great price points for real estate. In contrast to Nashville's 1+Mil population, Knoxville stands around 190,000 people and so does Chattanooga, another great market just an 1 1/2 hours down South. Both Chattanooga and Knoxville are growing and gaining extreme popularity across the states as far as a desirable place to live and buy in. There are certainly markets in between all of these main areas that are and will continue to see progress but from a birds eye view if I were you looking in, I would check out those two markets first. If you're feeling adventurous you can expand your research down the U.S. 27 or U.S. 41 to N Georgia to Walker and Catoosa County. You may find the market there very compatible and alike to Chattanooga and both areas are regularly intertwined. I would suggest doing some broad research on all 3 markets in TN and seeing which one will best fit your investing strategy. Also if you want to direct message me, I've actually saved a handful of BP posts talking about this very topic which got a good amount of responses and hopefully it can fill you in a bit more about the various places in TN!
@Frank Agyeman-Duah Hi Frank! I work with out of state investors pretty regularly in Middle TN. If you have any questions, I would be happy to help you.
@Frank Agyeman-Duah@Bonnie Rhodes Hi! I am also a newbie would really appreciate some information about the SFH market in Tennessee. My wife and I have a close friend who lives in Nashville and we're planning on visiting her soon. I'm thinking using the BRRRR to close my first deal. Let's connect and see if we can all help each other!
Hey Everyone! @Frank Agyeman-Duah@Felix Poulin There are a few main markets in Tennessee that are on the rise and are worth looking into (plenty of info on Google and City Data can be helpful). Nashville the capital is and has been booming for years so it may be a tight and expensive market to get into but there are a few cities surrounding to pay attention like Clarksville, Murfreesboro or Franklin. Two and a half hours West of Nashville is a smaller yet growing and highly appealing town called Knoxville that has many attractive attributes including their college, schools, medical facilities, tech industry, tourism points and out of state vacation buys, stable economy, job growth, income tax rules and great price points for real estate. In contrast to Nashville's 1+Mil population, Knoxville stands around 190,000 people and so does Chattanooga, another great market just an 1 1/2 hours down South. Both Chattanooga and Knoxville are growing and gaining extreme popularity across the states as far as a desirable place to live and buy in. There are certainly markets in between all of these main areas that are and will continue to see progress but from a birds eye view if I were you looking in, I would check out those two markets first. If you're feeling adventurous you can expand your research down the U.S. 27 or U.S. 41 to N Georgia to Walker and Catoosa County. You may find the market there very compatible and alike to Chattanooga and both areas are regularly intertwined. I would suggest doing some broad research on all 3 markets in TN and seeing which one will best fit your investing strategy. Also if you want to direct message me, I've actually saved a handful of BP posts talking about this very topic which got a good amount of responses and hopefully it can fill you in a bit more about the various places in TN!