New to Chattanooga | Long Distance Investor

[Ryan Cousins]

Hi There! I am ready to acquire my first rental property and have narrowed down my choice to Chattanoga. I do not live near the city and was hoping to get some recommendations on area to look at (also to connect with agents / property management companies).

Right now I am looking between 250-400K and at both STR and Long Term Holds.

Would love to connect and see if anyone has any recommendations?

[Adrienne Green]

Hi @Ryan Cousins!  I'm an agent in Chattanooga.  Thanks for the tag, @Mike Kennedy! (Also, Ryan, Mike is your go to if you need a HML in the Chattanooga area! I have clients using FlipCo right now, and it's going well).

Your price point would go far in the Chattanooga area. At the high end, you're looking at a nice STR in an A class neighborhood. As far as areas to look at, or where to focus, the blessing and the curse in Chattanooga is the plethora of REI options! It really comes down to your preferences- we have from C class areas with high cashflow but more potential trouble to A class LTRs with lower cashflow but low maintenance, and everything in between!