Investor · South Bend, IN · Member since 2018 · 111 posts · 57 votes
Hi all -
I'm currently an investor in the Chicagoland area, and along with my girlfriend, will be taking a short trip to Nashville the weekend of the 23rd to get a better understanding of the market as a potential destination for long distance investments. I'd love to connect with others in the area while there -- even if it's just for a quick cup of coffee. Please feel free to connect if you're available and in town!
I'm an Agent/Wholesaler here in Nashville. I've been very active in the market here lately and I'm always open to share some knowledge and insight with fellow investors. Feel free to message me on here if you are looking to connect.
@Alex Ferraro Welcome to Nash! I purchased my property here in March, happy to meet up and share my experiences. And I second, @Luka Milicevic, just come on down permanently!
I have also just moved here, and just looking around I see nothing but opportunity. For everyone else in this chat, is there any local meet ups or assistance I can provide to your teams. I am in Clarksville, but want to invest in both areas primarily in wholesaling and flipping.
I’m a little late but just moved to a Nashville in a March from LA. We bought East Nashville and currently targeting some areas around Nashville to buy a multi family. Let me know if you want to connect, maybe we can do something together
@Alex Ferraro Hi Alex and other Nashville BPers, I’m a Nashville native and Realtor / investor. (I did live in Chicagoland [West Loop and Oak Park] for 7 yrs before coming home in 2010). Always down to talk to other investors or anyone looking to buy, sell, or invest. Lots of growth here and there are many strong areas that are still ripe for the picking. I’ll keep up with this thread to see what pans out, but feel free to reach out. I’m also on Insta @nashvillesparker
Hi all- Wondering if single family homes are better as an investment vs multi family buildings? Looking at Nolensville, Franklin, Murfreesboro, and Goodlettsville. And what small towns have good schools along with cute downtowns that I have not listed?
I am also wondering about Knoxville/Signal Hill. Thanks.
I'd be happy to meet with anyone as well! I got back into RE in January of this year. My partner and I have flipped a house and a lot, bought a long-term rental, own a lot where we will build a rental, and are currently under contract with a property where we will HPR the lot and sell the back lot and flip the front house.
We have capital but are self-employed, so partnering with others with monthly income is what we are looking to do in the near future.
@Jill Broadhurst To answer your question, I think it is completely up to your goals and plan. Are you trying to get as many units as possible? Are you more comfortable buying single-family or multi-family? I know in the Nashville area, nothing is more competitive than multi-family, even duplexes. So if you can get your hands on a multi for the right price, I think it's a home run. With that being said, Gallatin, Lebanon, Mt Juliet, all fit the criteria you are looking for. I grew up in Williamson Co, so I may be biased but I think their school systems are some of the top in the country. So Spring Hill, Thompson Station, Nolensville, and Franklin are great areas. Williamson Co. is very expensive though, and I don't know how much the numbers make sense for investments right now.
Hey Jill! I have lived in Murfreesboro my whole life and due to the growth of Nashville, Murfreesboro is also booming. (And therefore getting more competitive)
But there is construction everywhere, new schools, new businesses, and an amazon warehouse so lots of jobs.
Hi @Jill Broadhurst! Single-family homes in the Middle TN area are going to be easier to come by and you will have more options in what you are buying vs. multi-family. However, I do think it all depends on what your goals are as well. Multi-family is becoming harder to come by, and when you do it is very competitive, especially in Nashville proper. I would suggest Murfreesboro, Goodlettsville, Mt. Juliet (outskirts of Nashville) if you are looking into multi-family. There are some great school districts in Williamson Co, Wilson Co, and some in Rutherford Co as well. Middle TN as a whole is exploding right now, and expanding more into the outlying areas of Nashville. I think either way you choose Middle TN has some great investment opportunities. I would love to connect and hear more about your investment goals.
Thanks for the feedback all! What we are looking for: As savvy multi-unit, long-term investors/managers, we are not really into flipping. But I am also looking at buying a handful of homes/duplexes/triplexes in the same area, if there is not ideal big building that fits the bill. We don't mind some capital improvement projects as long as we can re-coop in a 3-5 yr window. Budding areas with walkable areas and good schools or close by universities are ideal. We are coming from heavy rent-controlled jurisdictions, which I am assuming in TN is much more open to favorable landlord/tenant relationships without all the rules? Because we already have property in ATL I would love to hear about the southern TN area for ease of managing. Thanks!