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Updated over 4 years ago, 07/08/2020
Up and coming areas near Nashville
Hi all!
I have been planning on implementing the BRRRR strategy for some time now and am ready to get more serious in my search. I live in Nashville and was planning on investing in some more affordable markets ie Chattanooga or Birmingham, but I have recently gotten access to additional capital and am now considering doing my first renovation project closer to home.
I am fairly familiar with the Class A neighborhoods around downtown, but considering my budget, I wanted to poll the group and see what people's thoughts were for up and coming neighborhoods/suburbs near Nashville. My all in budget, purchase price plus renovations, would be around $250k.
I believe that Nashville will continue to expand over the next 10-15 years, which areas do you see as probable for expansion and development over that time frame? I am interested in neighborhoods near downtown, for example Bordeaux and Woodbine, or suburbs within 30-45 minutes of Nashville.
I'm interested to hear the group's thoughts! Thanks in advance!