Chattanooga area market

[Myles Young]

Hi there

I’m looking for some information from some locals that are currently investing in the areas around Chattanooga TN. I am a licensed journeyman electrician currently working for a contractor in Asheville NC with the thoughts of moving to TN.

What are the locals thoughts about the current market for SFH and small multi family? As well as how the rental space is. What are the areas to look for and the areas to avoid?

I would like to get started with my first investment property, really first property at all. Possibly a house hack so I could live in and rent out other units or a live in flip that I would plan to rent when completed. What seems to work well in the area, small multi family properties or a SFH with a mother in-law space to rent.

Suggestions of good realtors in the area with experience in investment properties would be appreciated.

Is there anyone with experience in using a 203k loan?

[Kelly David Sansom]

There are a lot of great online resources for understanding the makeup of a city that are better than the "eyeball test."

I like some of these:

City-Data

The Census

realtor.com

BLS

Redfin

And others.... (can you see I like data?)

Once you put these with your eyeball test, you'll see Chattanooga is a great market.