Upcoming investor in Clarksville, TN

Fort Campbell, KY · Member since 2017 · 35 posts · 5 votes

Hello all! I'm Alisha Burgfeld and I am beginning my journey to start investing in Clarksville, TN. I would initially like to learn how to fix and flip for a couple of years before mixing in/moving to a BRRRR strategy. I've been reading like crazy and listening to the great podcasts that BP has available. I'm ready to jump in and get my feet wet, but the biggest thing I'm missing is a great team and connections. I'm hardworking, a people's person, and I love to learn. If you're doing deals in Clarksville please message me as I would love to help you as I learn from you.

2 Reply

42 views

Most Popular Reply

Tony HightowerPro Member

Rental Property Investor · Clarksville, Tenn · Member since 2017 · 72 posts · 34 votes

@Alisha Burgfeld, I am in Clarksville and have lived here all my life. I am a new investor of sorts and in process of buying my first property. Clarksville is a very tight market right now for buy and flip. I heard a few stories last night of repos being bought over bid price that needed lots of work. Local investors here are buying up the deals quickly.

If you have listened to any of the podcasts that had creative thinking involved in finding motivated sellers, I would try a few of those methods. Get to know a good realtor that may be willing to pull lists for you from MLS to save a little.

If you have any specific questions about any parts of town, let me know. I grew up on North side and have lived downtown, west, and south. I will try to help if I can.

Good Luck!!

1 Reply

See this reply in the discussion

24 Replies

Jump to latestLatest

Sort by

Account Closed
Investor · Cleveland, OH · Member since 2015 · 150 posts · 58 votes
9y
@Alisha Burgfeld welcome to BP and good luck getting going with the flip! I do not flip houses so I cant help there but if you have any questions about BRRRR or investing in general feel free to reach out.
0 Reply
Elizabeth Wilson
Real Estate Investor · Memphis, TN · Member since 2016 · 940 posts · 695 votes
9y
@Alisha Burgfeld- welcome to BP! Sounds like a great plan! I'd also HIGHLY suggest you finding out if there are any local REI groups or meetups in the area. There are lots of local investors who aren't on BP and are great to network with too.
Best of luck!
0 Reply
Alisha Burgfeld
OP
Fort Campbell, KY · Member since 2017 · 35 posts · 5 votes
9y
Thank you for the replies. I am actually going to a real estate meeting tonight to hopefully meet some local investors. I also found a "We buy houses fast" bandit sign and intend on calling them to see if I can help out in any way. @Account Closed I may have some questions for you in the future, thank you for offering to assist. Which area are you based out of?
0 Reply
Alisha Burgfeld
OP
Fort Campbell, KY · Member since 2017 · 35 posts · 5 votes
9y
oh I just realized It says Cleavland. Forget that question. ;)
0 Reply
Tony HightowerPro Member
Rental Property Investor · Clarksville, Tenn · Member since 2017 · 72 posts · 34 votes
9y
@Alisha Burgfeld, I am in Clarksville and have lived here all my life. I am a new investor of sorts and in process of buying my first property. Clarksville is a very tight market right now for buy and flip. I heard a few stories last night of repos being bought over bid price that needed lots of work. Local investors here are buying up the deals quickly.
If you have listened to any of the podcasts that had creative thinking involved in finding motivated sellers, I would try a few of those methods. Get to know a good realtor that may be willing to pull lists for you from MLS to save a little.
If you have any specific questions about any parts of town, let me know. I grew up on North side and have lived downtown, west, and south. I will try to help if I can.
Good Luck!!
1 Reply
Ron Dayley
Clarksville, TN · Member since 2016 · 238 posts · 96 votes
9y
welcome to BP. I am an investor and a Realtor in Clarksville and would be happy to help in any way that I can. My phone is always with me.
0 Reply
John Montgomery
Realtor · Clarksville, TN · Member since 2015 · 51 posts · 20 votes
9y
Welcome to Clarksville. I live and invest here. I keep meaning to write a post about my journey in real estate but haven't found the time. PM me if you have additional questions. Best of luck!
0 Reply
Alisha Burgfeld
OP
Fort Campbell, KY · Member since 2017 · 35 posts · 5 votes
9y
Thank you for reaching out. Especially to all the local investors as I will most assuredly be contacting you. I actually already sent you a message @Ron Dayley.
0 Reply
Alisha Burgfeld
OP
Fort Campbell, KY · Member since 2017 · 35 posts · 5 votes
9y
I'd be interested in how you all see the Clarksville RE market right now. Good time to buy?sell? Any trends? Is being next to a military base overall good or bad for renting? (Turn over rate vs large population) do you see Clarksville as broken into certain sectors? Certain areas good for a certain type of investing? I'm currently full time Military but if any of you would like to sit down during lunch I'd love to start a conversation.
0 Reply
Ron Dayley
Clarksville, TN · Member since 2016 · 238 posts · 96 votes
9y
Fort Campbell side of town is a lot more transient but there is always a demand for rentals so nothing sits empty very long but the rent tends to be in the $500-700 range for a lot of the units. Homes on the Clarksville side rent for more but aren't as readily available as the Fort Campbell side and the renters stay a lot longer.

Clarksville is defiantly broken down into sectors. Fort Campbell rentals tend to be more C class of rentals.
Exit 8 and 11 have some MF housing available(and they tend to be a little nicer) but Exit 1 and 4 has a lot more avail.
0 Reply
Bryan Buchanan
Investor · Bowling Green, KY · Member since 2015 · 4 posts · 1 vote
9y
I agree with Ron. I'm in the Fort Campbell area and suggest not putting a lot into units because soldiers tend to destroy them and can move at any time if they get stationed else where. You have to let them out of the lease as well if the army moves them.
0 Reply
Alisha Burgfeld
OP
Fort Campbell, KY · Member since 2017 · 35 posts · 5 votes
9y
Did I mention I'm also getting used to the ins and outs of BP website? Do I need to "ask somebody to be my colleague" in order to send them a PM? What does being somebody's colleague signify? I would like to send you all a message but I don't see a quick message option. I've tried writing your names in a new message, however nothing is being found. Help?
0 Reply
Account Closed
Accountant · Salt Lake City, UT · Member since 2013 · 12 posts · 5 votes
9y
Welcome to BP!
0 Reply
Elizabeth Wilson
Real Estate Investor · Memphis, TN · Member since 2016 · 940 posts · 695 votes
9y
@Alisha Burgfeld - yes. Ask them to be your colleague and you can send a message with the request.
It's BPs way of minimizing spam (I assume).
0 Reply
Alisha Burgfeld
OP
Fort Campbell, KY · Member since 2017 · 35 posts · 5 votes
9y
Ok great. Thank you @Elizabeth Wilson
0 Reply
Kevin Hunter
Rental Property Investor · Carlisle, PA · Member since 2013 · 1k+ posts · 543 votes
9y
@Alisha Burgfeld, welcome to BP. Although I am not in your area, I love investing in military areas. There is a great tenant base, with guaranteed income and pretty disciplined tenants (for the most part). Check out a forum I commented in regarding military town investing strategies. Good luck!
https://www.biggerpockets.com/forums/311/topics/408255-investing-in-san-antonio-rentals
1 Reply
Alisha Burgfeld
OP
Fort Campbell, KY · Member since 2017 · 35 posts · 5 votes
9y
@Kevin Hunter I read your post and like the way you laid it out. A question I have IRT searching for comps- I understand that your agent can pull Comps from the MLS, or you could even have an appraisal conducted-but does the MLS go into specifics about "granite counter tops, NEW appliances" etc for you to compare this to? How do you recommend going about finding out the quality level your property should be at to be in line with the other rentals in the area? Do you typically buy a property, fix it up, and then rent it out?
0 Reply
Kevin Hunter
Rental Property Investor · Carlisle, PA · Member since 2013 · 1k+ posts · 543 votes
9y
@Alisha Burgfeld, great question(s). I have not bought any rehabs yet. I stick to turn key but will be shifting to rehabs in the next year or so, or at least that is the plan.
As for running cops with quality factored in, it is really more of an art than a science. You can certainly factor them in, or the fact that a place doesn't have them, but it will be tougher to estimate than a typical price per square foot with bathrooms, etc.... It is a bit like the intangibles I talk about in that post, garage, storage, yard style etc... There is a price for them, just a bit more difficult to put your finger on.
I think a good real estate agent/broker could probably put it more eloquently. @Russell Brazil, any thoughts?
0 Reply
Daniel R.
Chattanooga, TN · Member since 2017 · 5 posts · 3 votes
9y
Hi Alisha! I am here in TN too! I am hoping this state proves profitable for us both! :) Good luck!
0 Reply
Eric Yow
Clarksville, TN · Member since 2017 · 32 posts · 12 votes
9y
I'm in Clarksville as well. Welcome! I only began in REI this year but having a blast. I'm an attorney by day, squeezing in some rentals and flips. Good luck!
0 Reply
Ron Dayley
Clarksville, TN · Member since 2016 · 238 posts · 96 votes
9y
If I'm listing a house and it has granite and/or new appliances, I will add that to the Realtor remarks in the MLS. The MLS that Zillow and Realtor.com shows don't show everything that Realtors see.
0 Reply
Russell BrazilBusiness Member
Moderator
Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
9y
Originally posted by @Kevin Hunter:
@Alisha Burgfeld, great question(s). I have not bought any rehabs yet. I stick to turn key but will be shifting to rehabs in the next year or so, or at least that is the plan.
As for running cops with quality factored in, it is really more of an art than a science. You can certainly factor them in, or the fact that a place doesn't have them, but it will be tougher to estimate than a typical price per square foot with bathrooms, etc.... It is a bit like the intangibles I talk about in that post, garage, storage, yard style etc... There is a price for them, just a bit more difficult to put your finger on.
I think a good real estate agent/broker could probably put it more eloquently. @Russell Brazil, any thoughts?
Most mls systems won't get into the specifics of granite countertops, finishes. Bit what you should look at is the descriptions and the pictures to be able to determine what is appropriate for the neighborhood
[email protected]301-893-4635 Podcast Guest on Show #192
District Invest Group545 Reviews
Website View Page
0 Reply
Alisha Burgfeld
OP
Fort Campbell, KY · Member since 2017 · 35 posts · 5 votes
9y
Thanks everybody for the posts. Sorry for the late response- I am out of town visiting family.
0 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.