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Updated 12 months ago on . Most recent reply

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Brook Warren
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Purchasing in Nashville

Brook Warren
Posted

My wife and I are looking to purchase our first property in Nashville but we're really struggling to find a good deal. We're currently planning to go FHA or Conventional at 5% down so planning to live in the property for a year and then rent it. With current interest rates though and cost of property in Nashville, nothing even comes close to seeming like it will rent for enough to offset what our monthly payment would be. Even if we put 20% down, still seems like we'd be losing money. Anyone else investing in Nashville have any insight? Thanks!

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