Nashville Multifamily Buildings

[Elizabeth Hansen]

Hello!  I am a real estate investor based in NYC.  I have several single family homes in the Austin area.  I want to move into multifamily homes (2-4 units, with preferably 3-4 units as a next step).  I have identified Nashville as a possible area I would like to explore. 

I was referred to a local Nashville agent who has been in the business since the mid-1980s always focusing on Nashville.  This agent said that he would not recommend multifamily investing in Nashville because he said that the areas where the multifamilies are in are all dangerous areas that he would not recommend going to, with very questionable tenants.

I am NOT looking for the equivalent of a C or D class property.  I would be curious to know if others agree with his assessment that the multifamily properties in the Nashville area are all in less than desirable areas?  I am not familiar with Nashville but potentially would be visiting later this month.  Thank you.

[Ryan Harsche]

If you really like Nashville, I have a friend buying SFHs down there.  He fixes them up and then Air BnB's them out.  Nashville is becoming somewhat of a bachelor/bachelorette and party city.  Maybe that is something to look into.  He seems to do really well with his investments.