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Updated about 9 years ago on . Most recent reply

User Stats

32
Posts
11
Votes
Dallas H.
  • Investor
  • TN
11
Votes |
32
Posts

Beginner new to Nashville

Dallas H.
  • Investor
  • TN
Posted
Hi I'm in the process of moving to Nashville. I am from Columbus, Ohio where the market in Nashville is a lot different than Ohio. Properties seem crazy overpriced and I'm not real sure where to look for the new up-and-coming areas that have not been hit by crazy high prices. I'd love to to talk with anyone to get ideas on what urban areas to look at for potential rental properties. I'd like to find Properties $70-$120k to get started (if at all possible). Any advice is greatly appreciate it.

Most Popular Reply

User Stats

88
Posts
66
Votes
Carrie Carlton
  • Investor
  • Nashville, TN
66
Votes |
88
Posts
Carrie Carlton
  • Investor
  • Nashville, TN
Replied

I have 3 Airbnbs in East Nashville.  You can get good money from March to October but the other months I am happy to cover cost. I would recommend going to the Davidson county codes website and educate yourself on  both the taxes that have to be paid and permit availability.  The taxes alone can eat away any profit. Airbnb is a short term game in my mind. I will ride the wave, but it is getting more saturated every year and more hotels going up increase competition.  Not to mention it can be a real management headache. I kinda can't wait to get out honestly, but won't do until the profit is not there. I bought my properties years before the boom, and would find it hard to see the profit potential at current prices. The closer to downtown the better as far as profit.

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