Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Knoxville Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

247
Posts
76
Votes
Benjamin Barredo
  • Wholesaler
  • Knoxville, TN
76
Votes |
247
Posts

What do you think of Campbell County/La Follette for Investing?

Benjamin Barredo
  • Wholesaler
  • Knoxville, TN
Posted

Does anyone have an opinion about La Follette's market?

I have a motivated seller and she and her husband inherited a 3/1 SFR, 1443sqft on a .5 acre lot off of S 25W Hwy right off of I75 about an hour north of downtown Knoxville.

If the addition meets code, it's actually a 4/1.

The tax records says it's got a TMV of $43,500 and a realtor I know gave it an ARV of $80-$100,000.

The absentee owners live out of state and have already had a horrible experience with nightmare tenants and they don't want to deal with it anymore. She gave the inside of the home a rating of 5 out of 10, and told my partner it needs wiring so I'm going to guess that it needs a gut job.

I haven't been up there yet because I am afraid to take it on as my first wholesale because of where it is. I don't know the market and my last trip up there showed me a small rural town with very little growth. However, considering her desire to get it under contract by next week makes me think I could probably get this house for dirt cheap.

Any rehabbers or landlords in Knoxville have an opinion on the subject? I don't want to leave this woman hanging but I was supposed to call her last night and here it is almost Thursday evening and I haven't contacted her. I don't want to say no if it's a good deal but I don't want to get her in a contract and then let her down, putting her right back in her original position.

Help!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Loading replies...