New member questions about Nashville market
Hi All,
Like many others after reading a lot I am ready to wet my feet. In the past I have made some investments overseas and now I am looking to do fix & flips here in the USA. I have drilled down my focus to 4 markets and I hope to decide on the one to concentrate on in the next week.
Since I was looking at the Nashville metro market, I was wondering if there are opportunities in the up to $150k ARV range.
I would love to hear from local investors/realtors/lenders etc what is their opinion of the opportunities in this market and where are the neighborhoods/suburbs that would work for me.
Thanks!
Moshe
Most Popular Reply
150 would be a stretch in Nashville. You can easily go 20 mins outside the city and find houses in that range, including Murfreesboro, Madison, Mt Juliet. All hot areas for cheaper flips. Nashville Metro would look more like 150K for just the purchase price. Our sweet spot for flippers seems to be 130-150 purchase, 60k Reno, 280 ARV. Those are the bread and butter flip deals right now that we are lending on. Cheers!