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Updated about 5 years ago,
Nashville market
Hello all!
I'm still a newbie and am looking for a good market to find buy and hold investments. I live in Nashville and the market is HOT right now. It hard to find deals under $100k in a C neighborhood.
The good about Nashville is there is a lot of population, economic and job growth. My issue comes from buying at the top market price and the deals are all well outside Nashville city limits. I have lived outside of Nashville and remember the impact 2007 had on our property values. We have since recovered but It feels similar to 2007 in Nashville when the bottom dropped out.
My question for you investors is, do you suggest buying real estate at a premium based on all of the projected (and real) growth (appreciation)? Or should I base my decision on cash flow in a different market.
Thanks!
Cliff