Memphis vs Chattanooga

[Matthijs Pol]

Hi, I am finally able to purchase my investment property/properties soon. I live in Nashville but market is to hot here for me. I am looking at either Memphis or Chattanooga. Memphis has cheaper houses would be able to purchase between 3-4 properties and in Chattanooga I probably could buy two properties. Any recommendation’s? I am open to advice. I am leaning towards Chattanooga because it seems like a nicer town with a lot more possibilities in growth. Thanks! 

[Kevin Luttrell]

You will find far better cash flow opportunities in Memphis with the low prices, but the area experiences very little appreciation. It'll be a little harder to find good cash flow deals in Chattanooga, but it's a growing area and homes are appreciating well there. So it depends on what your goals are.