I'm a real estate investor and new to the area of Chattanooga, TN. What are some good area's to invest in? I know that's broad but looking to connect with some people who know the market.
Depends somewhat on what you're looking for. The lower income neighborhoods with higher crime are East Chatt, Alton Park, East Lake, and parts of Highland Park. Those are closer to downtown and will probably gentrify in time but go in with your eyes open.
Almost every other part of town is good, imo, but there are neighborhoods where appreciation has outstripped cash flow. Those would be Signal Mountain, Lookout Mountain, North Chatt,much of Ooltewah, and part of East Brainerd.
Tweeners would be East Ridge, Hixson, Red Bank, Soddy Daisy. NGA (Ringgold, Ft O, parts of Rossville) is also worth looking at as the schools are better there top to bottom. Lots of investors in these sub markets and we manage in all of them.
@Jordan Whitworth I agree with what Brian has said. I will just add if you are patient you can find the deals in any area that you might want to focus in.