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Updated over 7 years ago, 06/12/2017
New Member from Denver but moving to Knoxville
Hi, I'm relatively new here. I've been checking out the forums and the webinars for a few week now.
I have had a few deals in the past, a flip (that went well) years ago and renting my house when I moved to another place but nothing real serious. Now, I want to get serious and make a business of real estate investing. I'm mostly interested in buy and hold but possibly a few flips as well.
I live in Denver but am planning to move to Maryville/Knoxville area in the next year. I am selling a few properties in Colorado and will have significant profit from a mountain property that I want to re-invest in the Knoxville/Maryville, Tn. areas through a 1031 exchange. I am gathering as much information as I can about 1031 exchanges and I know I have a pretty short time frame to put the money into new investments, especially considering I don't live in that area yet.
I am reading and researching the area as much as I can and I do have a good realtor who is helping me look for a residence for me to live in and rental properties. I am researching Zillow daily trying to get a good understanding of pricing and neighborhoods and rental rates in the area but not being there and knowing the "lay of the land" is concerning. Please let me know if you have any tips or suggestions on how I might better do this.
Thanks!