All Forum Posts by: Leo K.

It's more difficult to find 2% rent to value deals in Nashville - not saying that they are nonexistent, but not as easy as Memphis. I think you need to reach out directly to sellers or have connections that enable you to get first look on pocket listings. Once they hit the MLS, 2% rent-value deals are hard to find in Nashville.

@Fernando Avalos

Welcome Fernando - always cool to see a fellow local investor! What asset class are you targeting?

@Tucker Felts

What's up Tucker! I'm from Nashville and am new to BP as well. I've heard a lot of good things about MF properties in Donelson, Hermitage. It's cool that you and your dad are working together

What's up Michael! I'm from Nashville as well - Good to see other locals on BP

@Mark Douglas

I'm in Nashville too and I'm seeing aggressive cap rate compression here. The problem with the "Hot" parts of Nashville (East nashville, Sylvan Park, Nations...) is that you're competing with in fill developers who are willing to overpay for the land to build 2 homes instead of one. Owners know this and are pricing for dirt value rather than traditional cash flow value.

I've had to expand my search to "C" class neighborhoods and bordering counties (Rutherford, Sumner, Maury...)

@Jordan Parker

Hey Jordan, I'm relatively new to BP and from Nashville as well!