Updated over 8 years ago on . Most recent reply
Looking ot invest out of state in Spring Hill, TN
Aloha everyone. I have pivoted and am looking to invest out of state. I am really looking on feedback regarding the Spring Hill area of Tennessee. I'd love to stay in Williamson County but am open to Maury as long as I'm in a better area and keep my chance of responsible tenants on the higher side (I know there are no guarantees). I also am evaluating town homes and condos in the area vs. SFH's for rental demand and CCR. I've been doing my own research and am reading in between the lines a bit.
Why out of state? I am in Northern California and don't have the capital or the guts to invest here. I also plan to move sometime in the next 5 years so my local investment would become long distance anyway. My parents have been in Spring Hill for about 11 years and I have them as well as a small network of friends from visiting and networking through a Brazilian Jiu Jitsu company I used to own. I feel as comfortable assessing that market as I do my local one, except the stakes and cost to play are much lower.
Any advice, connections, and any other info is greatly appreciated.
Most Popular Reply
Hey Derek, I live in Franklin (Williamson County) and I have to agree with Dani - Columbia does have a few commuters, but it is not considered part of the Nashville community. It is pretty much its own thing down there. Spring Hill, on the other hand, is definitively a commuting suburb of Nashville. A ton of the jobs here are South of town along the I-65 corridor as you mentioned in Brentwood and Cool Springs, and there is significant development going on at Berry Farms too (building a few million square feet of office space there over the next few years).
That being said, I don't invest in any rentals in Williamson County, so I can't really help you there. It is probably one of the greatest places on earth to live, but it is awful to build in and the cities and county are both notoriously annoying to work with. Anyway, I've been here about a decade, so feel free to ask me any specific questions about the area.