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Updated about 6 years ago on . Most recent reply

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124
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Matthew Swearingen
  • CA
33
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124
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Is Chattanooga saturated with investors?

Matthew Swearingen
  • CA
Posted

I recently went to Chattanooga to buy a home or 2. It seems the area, particularly Highland Park which seems to be the hot area now, is saturated with investors to where there are very few deals. Everything I have come across seems to suggest that I missed the boat by about 2 years. It seems the fix and flip thing is not a viable option, although I'm perfectly fine with buying and doing a LTR or STR.

Any thoughts on this ladies and gentleman?

Most Popular Reply

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1,148
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Brian Levredge
  • Investor
  • Chattanooga, TN
903
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1,148
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Brian Levredge
  • Investor
  • Chattanooga, TN
Replied

I've lived out here six plus years now.  The market has definitely heated up across all segments.  Since we're about halfway between Nashville and Atlanta we've got a fair amount of out of town investors coming in which is also driving prices.  That said it's still a healthy market but for those investors looking for two to three year ago prices (and I include myself there) we're going to need to readjust expectations. 

  • Brian Levredge
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