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Updated about 2 years ago on . Most recent reply

User Stats

6
Posts
3
Votes
Mike Turano
  • Investor
  • Bloomingdale, IL
3
Votes |
6
Posts

BRRRR in Tennessee help

Mike Turano
  • Investor
  • Bloomingdale, IL
Posted

Has anyone been able to recently purchase a property with 25% down that cash flows? If so, what area was it in. I know that TX, FL and TN are the best markets currently and I'm leaning towards TN. I just keep having the same problem. I'm ready to buy, but nothing on paper will cash flow. Any help or suggestions would be appreciated. Also if there's any agents in TN that are investor friendly and could help with doing a BRRRR property please let me know.

Thanks!

Most Popular Reply

User Stats

6
Posts
2
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Andy Garretson
  • Lender
  • Nashville, TN - Licensed in 48 states
2
Votes |
6
Posts
Andy Garretson
  • Lender
  • Nashville, TN - Licensed in 48 states
Replied

@Mike Turano I have a few clients right now that I am helping finance who are looking for cash flow in the greater Nashville area and they are sticking to multifamily, mainly duplexes and triplexes. There are not a ton of small multifamily's to chose from but they are pretty much your only shot at cash flow in the 200k - 500k price ranges. STRs are better but those price points in middle TN are closer to 600k - 700k minimum and the zoning is very strict.

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