What is your view on starting rental property investing in Nashville, TN?

[Marco Torres]

Hello,

I recently graduated from college and am moving up to Nashville for work. I have no experience in buying or maintaining rental properties and a small savings. A relative lives there now and has a few units giving a regular cash flow but they say the market is over saturated. What is your view? Is starting there worth it? Would it be better to start a little outside the city? 

Thanks.

-Marco

[David Goodman]

You don't have to invest directly in Nashville/Davidson county to benefit from the Nashville Market. Our market extends beyond Davidson county into the different orbiting suburbs. The best way to get started here (or anywhere) is to start by purchasing your own primary home because it's easier to qualify for the loan and it gives you a chance to build equity and you can purchase more house with a lower down payment. Rent out rooms while you live here. Rooms for rent for $1000 or less are in high demand. 

If you can't afford Nashville proper, my next suggestion would be to check out one of the university markets orbiting Nashville. Murfreesboro (MTSU) and Clarksville (Austin Peay).

Hope that helps