Realtor · Chattanooga, TN · Member since 2019 · 46 posts · 34 votes
6y
@Joshua Savage hey Joshua! I’m a Realtor here in Chattanooga and am happy to discuss the market with you and help however I can. Chattanooga is a great place to invest and still has plenty of room to grow.
My favorite areas of Chattanooga for investors right now (especially those looking for cash flow) are East Ridge and Hixson. These are the two locations where I’ve seen the most favorable disparity in purchase price and rental value, and they’re two areas I believe will appreciate in value. They’re both close to downtown (East Ridge is minutes away, Hixson is within 10) and Chattanooga is a city that continues to push their resources towards building downtown and the surrounding area. East Ridge is definitely my favorite part of town for investors because it carries solid cash flow opportunities with massive appreciation potential.
I’m happy to further discuss things further with you and be a resource however I can, feel free to message me 😎
Realtor · Chattanooga, TN · Member since 2019 · 46 posts · 34 votes
6y
@Joshua Savage hey Joshua! I’m a Realtor here in Chattanooga and am happy to discuss the market with you and help however I can. Chattanooga is a great place to invest and still has plenty of room to grow.
My favorite areas of Chattanooga for investors right now (especially those looking for cash flow) are East Ridge and Hixson. These are the two locations where I’ve seen the most favorable disparity in purchase price and rental value, and they’re two areas I believe will appreciate in value. They’re both close to downtown (East Ridge is minutes away, Hixson is within 10) and Chattanooga is a city that continues to push their resources towards building downtown and the surrounding area. East Ridge is definitely my favorite part of town for investors because it carries solid cash flow opportunities with massive appreciation potential.
I’m happy to further discuss things further with you and be a resource however I can, feel free to message me 😎
I have been looking in this area as well. Particularly in two areas: 1. near the hospitals, knowing locums always need places to stay and 2. Rossville, Goergia. Would love to connect with people in the area. Good luck!
Real Estate Consultant · Chattanooga, TN · Member since 2017 · 114 posts · 46 votes
6y
I wholeheartedly agree with Charles on those neighborhoods! Focus on school districts and Identifying the best ones, you're likely to be in the best neighborhoods in Chattanooga according to that. I also like to identify to the neighborhoods that have had the most recent sales and highest activity and look for properties just a few miles outside of that, where prices are more reasonable and appreciation is sure to come. East Brainerd and Red Bank has been two phenomenal areas for our investors. East lake and Alton Park are where you can get your 2% returns, think slumlord. North Chattanooga is at this point overpriced and good deals are rare to find in that neighborhood, but the surrounding cities can be rewarding. Naturally when one city becomes overpriced and overpopulated there is a onflow to subsidiary markets, that's where i'd be looking for my deal. It takes time to identify your markets so I'd spend a good amount of time building relationships with Realtors, Property Managers and Investors/Wholesalers. Find out where others are buying their investments and the types of returns they are getting so you can get an idea of what to expect and where your dollar can take you in this market! I am always open to sharing refferals as well! Best of luck!
Real Estate Consultant · Chattanoooga, TN · Member since 2008 · 194 posts · 52 votes
5y
@Spencer Glaser for new homes you will want to look south of Memphis into Olive Branch, Mississippi and east of Memphis like Collierville for new home construction.