Updated over 1 year ago on . Most recent reply
Out of State Investors Question Here: What do you think of Tennessee?
Hello All,
California native here, Realtor. Property appreciation here is great, cash flow and landlord laws are horrible. I see all these gurus on social media encouraging out of state Section 8 rentals in places like OH, MO, etc. I've looked into it, but some of these properties are junk and these Gurus selling these courses or "you can use my guys" feels kinda scammy to me and probably make more in course fees than actual cash flow from their 100s of doors they supposedly have. I mean don't get me wrong $75k - $100k a door, cash flowing $500 a month sounds great, but is it really that easy?! I manage properties where I live and one bad month, one eviction, one water heater goes out, you could be upside down on cash flow for months and I am thousands of miles away so I have to trust their "Trusted Property Manager"
Sorry for the long rant, the question I have is what about Tennessee? I've heard nothing but good things about that state regarding rentals. They have nice appreciation, decent cash flow, and friendlier landlord laws. The biggest problem is the cost per door is a lot more than OH, MO, etc. Has anyone on here invested there and can give me some advice, the pros, cons, better cities is TN, etc.? Your help is greatly appreciated.
-Anthony