I am looking to purchase a primary home in Nashville that will eventually become a rental (short/mid/long term) subject to local regulations. There has been alot of growth throughout the city over the years so I am looking for the next up and coming areas to consider buying in. Any suggestions would be greatly appreciated. Ideally, I am looking for solid appreciation AND decent rents but appreciation is my primary motivator here, knowing that Nashville is not the strongest cash flow market.
Welcome Anthony! Great to hear from a fellow Nashville Investor. My new favorite spot is Charlotte park, the northern side. There is a new development going in up near the marina there that is going to be amazing. Im showing a few clients a duplex up there and there is another available too if you may be interested. Also happy just to talk local real estate if you have time? Send me a direct message. -Andreas
THE Investor Agent and Management: For Investors by Investors
Hi Anthony! Sounds like a great idea. I'm a pretty big believer in the Nashville housing market as a whole when it comes to appreciation. If you are looking to eventually transition into STR, then the closer to downtown you can be, the better (obviously depends on your price point). North Nashville and North Charlotte are both areas that could see good appreciation in the years to come. Please let me know if I can help with anything on the financing side, I am local lender and investor.