My first Multi-Family in Nashville

[Ali MirRasekhian]

Hello all,

This is my first post and I am working on my first multifamily deal in Nashville from the West Coast (I'm based in LA).  I am looking at a 2br/1ba and 1br/1ba multifamily that's listed at $500k.  I had my first success on a single family that I just closed so will be 1031ing the money over for the down payment.  I am planning on putting $150-$175k down and the income off the units is projected at $1400 and $2100.  

Would love any thoughts or feedback on the Nashville area.  From the research I've done it seems that the rental market is strong down there.

Thanks in advance for your suggestions

Ali

[Luka Milicevic]

Nashville is not California. I assure you-you do not have to settle for those returns out here.