Anyone ever invested in Tennessee? (Memphis, Nashville etc)

[Jeff Banky]

Hey Guys,

I was just wondering if our community could help me out with a little info....

I am looking at doing some multifamily investing in the future and am researching markets that make financial sense....Has anyone out there ever owned any multifamily properties in say Memphis or Nashville? The numbers pencil out well but I am not sure how the rental market is there and what the future outlook is...Rents are definitely low and people you talk to from there paint a rosy picture, but I want to know from someone who has some hands on experience in the area.....

Insights and comments are appreciated...thanks

Jeff Banky

[Melodee Lucido]

@Jeff Banky 

 Memphis is a great rental market and cash flow is still possible. Multi fam props that I looked at were mostly junk or over priced.

Nashville is great but expensive and very competitive. As @wane tango said above it might be easier to work the bedroom communities,

@Glenn Willeford Chattanooga is a wonderful market. It is on the grow for sure with Amazon and VW. I was compiling a demographics report for some of my buyers and fell in love with it. I am moving there in the Spring. I have some nice multies there and the surrounding cities (5-10 minutes away). PM me if you want more info.

Best of success to you