Investor · Cleveland, TN · Member since 2016 · 280 posts · 187 votes
I've been looking at prices in Etowah and it seems like a really inexpensive market. I'm debating if it would be a good place to start. It seems like starting in an inexpensive market would be a good way to start without having to come up with as much cash. :)
Any more experienced investors want to chime in? I appreciate any advice on this!
@Richardelvin we just purchased a property in etowah for a flip. It seemed to be a good starting area for us. We’re newbies and trying to get enough for 2 down payments instead if 1. Will let you know how it goes. The goal is to have it on the market in June 2018. Have you learned anymore about the area?
I have continued to study the area. Right now I'm working on a flip with my brother; it's in Gig Harbor WA. My brother is the contractor and boots on the ground. So I've put Etowah on the back burner, for now.
I really like the low cost entry point in Etowah. Getting 1% rent seems easily attainable, and there appear to be flip opportunities. What's most concerning to me is that the prices don't seem, to me (maybe a lack of experience), to have a relational value. Two houses that appear, again this could be inexperience, to be essentially the same can be priced $40k apart from each other.
That said, it does look like there's opportunity. I would love to hear how things go. Wishing you the best of luck!