Real Estate Agent · Simi Valley · Member since 2021 · 10 posts · 1 vote
HI All,
Thank you all for your thoughts on TN.
I am a new investor looking to BRRRR my first deal. Tennessee looks like a good place to own rental property. But some comments here have me asking if there are reasonable deals left? Also, I am hearing that contractors are in high demand and that rehab projects are taking longer and are more expensive, it this correct?
I would really like to get started before interest rates climb much further.
So, in a nutshell, is there anyone in TN that would like to work with me to find, rehab and manage a SFR rental property?
$50-$75k pre-rehab price is going to be distressed property in the Chattanooga Market. Definitely get hooked-up with some wholesalers who can comb the market. I can give you a couple of wholesalers to reach-out to if you like.
What do you want to spend on rehab? You probably want to expect another 50K+ on rehab costs to get a property rentable.
Start building your team on the ground in Chattanooga or Knoxville so you can be properly posied when a deal becomes available. TN Banker, two or three agents, PM, GC.
Let me know what you need and I'll hook you up with the best in Chattanooga.
The market in Chattanooga is definitely getting more competitive, but I have clients finding deals every week! Maybe see if you can connect with a wholesaler who can do the cold calling for you.
If you end up needing help with rental management, please don't hesitate to shoot me a message!
$50-$75k pre-rehab price is going to be distressed property in the Chattanooga Market. Definitely get hooked-up with some wholesalers who can comb the market. I can give you a couple of wholesalers to reach-out to if you like.
What do you want to spend on rehab? You probably want to expect another 50K+ on rehab costs to get a property rentable.
Start building your team on the ground in Chattanooga or Knoxville so you can be properly posied when a deal becomes available. TN Banker, two or three agents, PM, GC.
Let me know what you need and I'll hook you up with the best in Chattanooga.
$50-$75k pre-rehab price is going to be distressed property in the Chattanooga Market. Definitely get hooked-up with some wholesalers who can comb the market. I can give you a couple of wholesalers to reach-out to if you like.
What do you want to spend on rehab? You probably want to expect another 50K+ on rehab costs to get a property rentable.
Start building your team on the ground in Chattanooga or Knoxville so you can be properly posied when a deal becomes available. TN Banker, two or three agents, PM, GC.
Let me know what you need and I'll hook you up with the best in Chattanooga.
Hi Reese,
Thank you for your reply and offer to help, much appreciated!
I need it all, agents, PM, GCs etc. if I was a smoker, I'd need a kick in the chest to get it started (sorry old joke). But I truly do need to find good, local people to work with. Any suggestions would be awesome.