Best NSH Neighborhood to Invest? Given Following Criteria...
Greetings BP Community - It's with great pleasure I make my first post.
I am fortunate to have just received an offer to join a well-respected RE Dev Shop here in Nashville, and as such, am looking to purchase my first investment property in the area - and first in general, for that matter. My criteria - which I reckon are widely shared - are as follows:
(None of the following are set-in-stone - merely conversation starters. I'm open to adjustments / suggestions)
- "House Hack" Opportunity (Duplex, Triplex, Quad)
- Opportunistic ➜ Value-Add w BRRRR Potential; Willing to Work w Hard Money / GC
- i.e. Off-Market - Foreclosure (any stage), Tax Delinquency, etc.
- I have family in NSH so flexible w project timeline
- Relatively Untapped Neighborhood w Signs of Future Appreciation
- Max 30 Min Drive to Downtown
- Vicinity to Outdoors / Active Lifestyle
- Young Demographic Ideal - Gentrification Taking Place (Maybe University Students Present?)
The goal is to - again, fairly generic - build an immense portfolio of investment property both in the area and elsewhere. SFH ➜ 1031 ➜ MF. I have a high risk tolerance given I am willing to the due diligence necessary.
Thank you all in advance. I'm a curious, genuinely interested socialite by nature, so look forward to building relationships with many of you - GC's, PM's, brokers, fellow investors & more. Let the dialogue begin.
Cheers,
Sam