Multi Family Property In Neighboring Cities Close to Hot Spots

[Dave Villa]

Hi all, I have two properties in Nashville, TN and like many other cities with high appreciation, I’m finally priced out. I’ve been looking at neighboring cities and multifamily property at or below the median but the market for multi family in general seems very thin.

With that said, I’m in the very early stages of looking at a third property and wondering if I should look into single family homes instead? Love the idea of more doors and more cashflow but barrier of entry seems tough at the moment and I don’t want to wait to buy especially since my strategy is to buy and hold for long term. Would love a fresh perspective.

[Michael Sargent]

@Dave Villa Clarksville, Dickson, Lebanon and Cookeville (although that's quite far) are all worth looking into. The closer you are to Nashville, multifamily makes more and more sense since the SFR market is so competitive.