Looking to start in Chattanooga

Looking to start in Chattanooga

Rental Property Investor · Huntsville, AL · Member since 2015 · 401 posts · 309 votes

I am looking to break into the Chattanooga, Tennessee market by purchasing a single family investment. I'm targeting a live in flip strategy, so a SFR or a small multi family property. Because Chattanooga would be a new market for me, I'm looking to connect with wholesalers in the area, as well as contractors, painters, or other people that might help with a project like this. I'm also very interested to hear local investors thoughts on what areas of town you like and why. The reason why I want to do this? Well, I like Chattanooga and I want to do a project that will help me grow as an investor. To this point I've partnered on ~380 units in Birmingham, AL, partnered in a wholesaling business in Huntsville, AL, done several lease options, contract for deed, private money transactions and passive investments on 445 multi family units in Texas. I see this project as something fun that I can learn a lot about the parts of typical projects that I've never done, all while living in the property. So while o have a decent amount of experience, there are specific parts of this live in flip that I'd have to learn and that sounds like an adventure I'd like to experience. My goal is to make a profit on the property, all while learning how to do the management that is involved with this type of project. Please connect if you invest or wholesale in the area!

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Chattanooga · Member since 2019 · 18 posts · 12 votes
7y

@Caleb Bryant Chattanooga has several opportunities to do exactly as you described. Due to the geography there are many options of areas to choose from as @Kelly Rastatter mentioned a few, all of which are within 20 minutes of the downtown area. Many of those areas have great potential for a live in flip. I'm a Chattanooga local and would love to connect further. Id be glad to help you decide on an area that may interest you. 

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  • Kelly RastatterPro Member
    Investor · Chattanooga, TN · Member since 2015 · 149 posts · 135 votes
    7y
    Originally posted by @Caleb Bryant:

    We would love to see you out at our investor happy hour! We post it here in the events section and it's the 4th Thursday of each month. With all the hype around Huntsville, it's interesting you would choose Chattanooga. It is a great place to live.

    What type of area are you looking for? Different investors definitely have different opinions on what makes a good area vs bad. Any specific criteria you want to share?

  • Rental Property Investor · Huntsville, AL · Member since 2015 · 401 posts · 309 votes
    7y

    @Kelly Rastatter C+ neighborhood or B- neighborhood most likely. I’m also cool with the outskirts (within 20 mins of downtown) as long as it’s on the Tennessee side and has strong comps. Chattanooga because it’s somewhere new, and it has Tennessee tax laws haha.

  • Kelly RastatterPro Member
    Investor · Chattanooga, TN · Member since 2015 · 149 posts · 135 votes
    7y

    @Caleb Bryant Check out Lookout Valley, East Ridge, East Brainerd, Highland Park, Red Bank, and Hixson. Very different areas but your thoughts on those would give a better idea of what you are looking for.

  • Rental Property Investor · Johnson City TN · Member since 2016 · 386 posts · 271 votes
    7y

    @Caleb Bryant Sent you a message on IG.

  • Chattanooga · Member since 2019 · 18 posts · 12 votes
    7y

    @Caleb Bryant Chattanooga has several opportunities to do exactly as you described. Due to the geography there are many options of areas to choose from as @Kelly Rastatter mentioned a few, all of which are within 20 minutes of the downtown area. Many of those areas have great potential for a live in flip. I'm a Chattanooga local and would love to connect further. Id be glad to help you decide on an area that may interest you. 

  • Real Estate Agent · KW Commercial · Member since 2019 · 35 posts · 18 votes
    7y
  • Rental Property Investor · Huntsville, AL · Member since 2015 · 401 posts · 309 votes
    7y

    @Kelly Rastatter thanks I’ll check these areas out Thursday!

  • Rental Property Investor · Huntsville, AL · Member since 2015 · 401 posts · 309 votes
    7y

    @Joseph Glisson I’ll be through that area Thursday 10/3 if you’d like to connect feel free to pm

  • Rental Property Investor · Huntsville, AL · Member since 2015 · 401 posts · 309 votes
    7y

    @Riley Kurtts I buy multis too but it has to be the right deal. As far as other commercial property I don’t venture that way much.

  • Dan BeaulieuPro Member
    Lender · Knoxville, Tennessee (TN) · Member since 2016 · 422 posts · 667 votes
    7y

    @Caleb Bryant I’d definitely take @Joseph Glisson up on that offer, he’s crushing it in Chattanooga! 

  • Chattanooga · Member since 2019 · 18 posts · 12 votes
    7y

    Thanks @Dan Beaulieu I appreciate it. If I can find em you can fund em right?!!

  • Rental Property Investor · Huntsville, AL · Member since 2015 · 401 posts · 309 votes
    7y

    @Dan Beaulieu I did! He showed me lots of cool areas that I’ll check out in more depth soon

  • Dan BeaulieuPro Member
    Lender · Knoxville, Tennessee (TN) · Member since 2016 · 422 posts · 667 votes
    7y

    @Caleb Bryant Man, that’s awesome. I’ll probably be out at the next Chattanooga happy hour, I look forward to Meeting!

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