Chatt BRRRR! Best areas for this strategy right now?

Chatt BRRRR! Best areas for this strategy right now?

Investor · Chattanooga, TN · Member since 2019 · 41 posts · 10 votes

Hey everyone! Recently sold my first "live in flip" and looking for an all cash deal to BRRRR. Purchase price somewhere around $70k-$100k. Are there areas that support this price for entry? Recently got a job in Chatt and will be moving there in Aug so wanted to get the ball rolling on areas to research that are known for having success with BRRRR. Any advise would be much appreciated! Thanks in advance

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  • New to Real Estate · WI · Member since 2020 · 14 posts · 7 votes
    5y

    Hey @Cody Gagnon! I'm also looking around the area for some BRRRRs, though looking to do it with a 2-4 unit. How has your search been going in the area?

  • Investor · Chattanooga, TN · Member since 2019 · 41 posts · 10 votes
    5y

    @Matthew Gill hey!!

    I've been looking a little everywhere, but mostly finding properties in the southeast portions of Chatt that are in the price range I'm looking for $70-100k to do an all cash deal. Mind you these are MLS listings that I'm looking at, but I'll be in Chatt Aug 16th and then I can start getting hands on with the areas and working with my realtor to maybe even find something off market in a more ideal area. Current deal doesn't close until the 30th but the I'll really be able to jump at an opportunity when it comes through.

  • New to Real Estate · WI · Member since 2020 · 14 posts · 7 votes
    5y

    Very cool @Cody Gagnon! I'm jealous that you'll be getting your shoes (tires?) dirty checking out the area in person soon. Will stay in touch!

  • Investor · Atlanta, GA · Member since 2013 · 12 posts · 2 votes
    4y

    Brrrrr! Getting colder.  You guys have any luck with this strategy so far?  This is my current plan as well for the Chattanooga market.  Would be interested in seeing how its going so far.

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