Too late for Nashville or Austin?

[Bob McKee]

I have only been to Austin once and can see why people love it. Still haven't been to Nashville but I can't stop hearing about there either. And Nashville is an easier flight for me from Boston. With so much construction going on in Nashville, particularly, I am wondering what the general consensus is. Am I too late to the game? Just agreed to sell Multi-Family in Dorchester MA and am researching potential new area to but for either annual rentals or potentially AirBNB. Had been thinking Worcester MA but a friend thinks everything is inflated there. Thanks in advance.

[Ali Boone]

Hey Bob! Well, I'll play devil's advocate a little to all of the positivity (is that a word?) that everyone is offering. You're basically asking about two of the most popular cities in the country right now. And as you can imagine, the prices in both are reflective of that popularity. So yes, maybe there are some random properties here and there that might work out, but as a general- don't expect to find high cash-flowing properties in either. Inventory isn't in abundance, and what is available isn't priced overly advantageous for investors. There are several good cities that have wayyy better cash flow than those two. And believe me, I love both of those cities (even went to school in Nashville) so I'm the first one to want to invest there, and my investing partner lives in Nashville, but there's just higher cash flow elsewhere. Just make sure you are up on running the numbers on properties, so at least if you do buy there it's not because you don't know any better.