Investor · Knoxville, TN · Member since 2013 · 124 posts · 44 votes
Greetings Everyone,
In looking around the country, my better Half and I have a list of places that we are considering moving to, two of which are Knoxville and Chattanooga, TN.
What I am looking for from this Hive mind of BP is the following:
1. How are the inventory levels to acquire rehabs to flip and or long hold projects?
2. What is the city government doing to attract businesses for the long haul?
3. How active are the local REI clubs?
4. What would be the average hold time to sell once a property has hit the market on a Flip?
And for my own personal interests how is the mountain biking / Dual sport motorcycle culture?
Ooltewah, TN · Member since 2015 · 55 posts · 10 votes
10y
I don't know the Knoxville market, but I can tell you we do have great Mt biking in Chattanooga when you come for a visit we can hit up some trails!
Also plan your visit so you can check out our REIA
(423) 299-REIA (7342)Welcome to the Chattanooga Real Estate Investors Association! We meet the first Thursday of every month from 6:30-8:30pm in the back room of Asia Buffet at 6901 Lee Hwy, Chattanooga, TN 37421. The meeting is a great time to network with other investors and learn more about the real estate market in Chattanooga.
Good luck in your search, let me know if you have more questions. Eddie Fisher
Ooltewah, TN · Member since 2015 · 55 posts · 10 votes
10y
I'm a hold investor so others could better answer your flipping questions. As to long therm city growth in Chattanooga great question. Right now we are all wondering what will happen with Volkswagen.
Investor & Wholesaler · Chattanooga, TN · Member since 2014 · 41 posts · 14 votes
10y
Finding flippable deals in Chattanooga is tricky. The wholesalers seem to concentrate on rentals. Volkswagen is a big question mark. I would personally tend to believe that it will all work out. It has been the big boost that our area needed to get from economic recovery to economically thriving.
Great place!
Edwin is great too, worth meeting up with if you get to town.
Investor · Knoxville, TN · Member since 2013 · 124 posts · 44 votes
10y
@Luke Holcomb The VW dilemma is an interesting one. Since it is one of the larger employers of the region it will be an interesting one to follow to catch properties on the the way up or down. lets touch base some time. I would like to see what deals you have been finding in which Neighborhoods. If we do land in Chattanooga we may be able to do some business!