All Forum Posts by: William Allen

We invest and wholesale houses in Chattanooga, TN. I like that market for the reasons you state, there is appreciation, forced equity potential, as well as the ability to cash flow very well right out of the gate when bought right. We have also networked with some great property management companies there which makes all the difference. 

We wholesale, flip, and hold rentals in Pensacola,FL as well but I still have not found a property manager that I'm willing to recommend to out of state investors and be able to sleep at night unfortunately. Great market, incredible deals, tough to find good management. So, if anyone reading this is a GREAT property manager there please reach out to me as I could pass you a lot of business including my own. 

I don't know enough about the other markets you mentioned but I personally prefer the smaller sub markets with great rental demand as I can find much better deals. We live in Nashville now and these are the markets we still invest in from a distance because the numbers don't work for me where we live. 

Good luck with the hunt!

We are selling our assignable purchase contract on the property below.

5 Units
2154 Sq Ft
.26 acres
Built in 1940

MARKET RENTAL RATE is $2,815 per month



Was = $99K OBO

NEW WHOLESALE PRICE = $80K OBO

Realtors, add your fee (whatever you like) and bring us a buyer!

Unique multifamily property with a total of 5 units. All 5 units are rented out and all tenants have been there for over 5 years. Roof was replaced 5 years ago. Siding and windows are both fairly new as well. This property generates just under $3K per month in rent!

The inside of the property could use some cosmetic repairs depending on the buyer.

Here is the info about the rents for each unit and the pay schedule for each unit:

Apartment 1 - $310 every two weeks ($8,060 per year)
Apartment 2 - $560 per month ($6720 per year)
Apartment 3 (Upstairs) - $160 per week ($8,320 per year)
Room 1 - $100 per week ($5,200 per year)
Room 2 - $457 per month (5,484 per year)
Total Monthly Income - $2,815

The owner is currently paying the Insurance, Taxes and Utilities. Here is a breakdown of those expenses (these are from last month)...

Electric - $261
Water/Sewer - $100
Cable - $150
Gas - $10
Insurance - $150 per month
Taxes (County & City) - $189 per month ($2,268 per year)
Total Monthly Expenses - $860

This property is occupied so please do not disturb the tenants. Contact us to schedule a showing.

To submit an offer contact Ryan Smith to obtain our contract package, 850-400-3570 or [email protected]

We are selling the assignable purchase contract on the property below.

3 bedroom / 2 bathroom
1344 Sq Ft
.25 acres
Built in 1932

MARKET RENTAL RATE is $800 per month



Cash Price = $50K or Highest Offer

Realtors, add your fee (whatever you like) and bring us a buyer!

Well kept 3 / 2 with original hardwood floors and new tile. Refurbished with new HVAC and shed out back. Home sits on a corner lot with plenty of room!

Rent ready, or for a flip only the bathrooms need updating.

This property is owner occupied. The owners plan to move two weeks after the property is sold.

This property is occupied so please do not disturb the tenants. Contact us to schedule a showing.

To submit an offer contact Ryan Smith to obtain our contract package, 850-400-3570 or [email protected]

I have a GC I can recommend if you want to shoot me a PM. He can do 203k work but not sure he will fit in your budget. Worth a shot though. 

@Jimmy Moncrief lends in Chattanooga for sure and they have branches in Nashville as well so I'm sure he can help them there too. Good guy to link up with. I live in Nashville but invest in Chattanooga, both very nice areas of the country! 

@Jason Jones, what size list are you trying to build?  I always work backwards from how many times I'm looking to get the phone to ring in order to fill up the deal funnel.  So, I base my list off of that as well as budget.  You know how much it will cost to mail to each name so it's a balancing act of sending as much as you can within your budget.  Hard to give advice if you don't know what size list you want.  If 6k names is ok then don't filter it down anymore than you already have.  

@Jason Jones, how big of a list are you trying to pull?  Do you not want to mail all 6k names?  It sounds to me like that data isn't available in your area because it shouldn't drop it down that much.  I suspect you are looking for people who have owner their house for some time instead of those who have just purchased it.  I will say that we do a handful of deals a year where the people have only owned their house a year or two, sometimes less.  I try not to filter my list down too much if I can avoid it.  

@Sam Bassin, I use Professional Roofing and they have done very well for me. Eric Howell, can't post his number or email here as it seems the rules don't allow that but if you can't find it online just shoot me a PM and I'll get it to you. 

We are selling our assignable purchase contract on the property below.

2 bedroom / 1.5 bathroom
968 Sq Ft
Built in 1964

MARKET RENTAL RATE is $600 per month

Photos Coming Soon

Cash Price = $45K or Highest Offer

Realtors, add your fee (whatever you like) and bring us a buyer!

2 / 1.5  Great condo close to everything. New HVAC, appliances, kitchen cabinets and carpet. Half bath downstairs with bedrooms and full bathroom upstairs. This property is ready to start making you money today!

No HOA fees!! Nothing left to update.

This property is occupied so please do not disturb the tenants. Contact us to schedule a showing.

To submit an offer contact Ryan Smith to obtain our contract package, 850-400-3570 or [email protected]

I haven't seen a ton of activity from the Chattanooga investors on here but hopefully you get some good feedback.  Hard to give up your contractors if you're a flipper and keeping them busy! 

@Kurtis Montgomery, any recommendations?