All Forum Posts by: Bonnie Rhodes

I second all of what was said above. I have had a lot of out-of-state investors want to look in the Middle Tennessee market during COVID, made possible by 3D walkthroughs and pictures. Of course, verify numbers and the area for yourself. Find a good team in the area to work with, and if possible a boots on the ground person.

There was a BP podcast episode that talked about the benefit of distancing yourself from your buy and hold investments (I believe it was #301). So, there could be benefits of investing virtually from a distance. 

@Luka Milicevic What are your sort-of's for Columbia and Dickson? 

@Sally Fairchild do you have a good PM reference in Clarksville? Some of the investors I work with have been looking for PMs in the area. 

Investors - in your opinion, which area in Nashville/Middle TN has the most opportunity for investors currently?

Clarksville has the rental community, Murfreesboro has the MTSU rental community, tax opportunity zones are all throughout downtown, North Nashville is growing, the market is hot - where are YOU having the most success?

@Ashlee Jankovich I'd love to connect with you about Nashville neighborhoods and chat about the market in Clarksville as well!

@Tyler Brantley I would join the Facebook groups about real estate investing in your area while MeetUps have been put on hold during COVID! It is a great way to connect to other investors, lenders, & agents that are local.

@Andrew Champion Welcome to BP! I am from Nashville as well and working in investment real estate. I'd love to connect to you and also help you connect to hard money lenders or other contacts. 

The REI community is large here!

@Kevin Freeman Hi! I am originally from Jasper, Alabama and went to college in Auburn so know Montgomery well. Welcome to BP! I am in the Nashville area if you ever need a resource in Tennessee.

@Adrian Suarez Congrats on the process of getting your first STR property!

It definitely depends on your market. I would go to Facebook groups of AirBnb Owners in the specific city you are looking for. Also - check the specific zoning laws for the city for sure! Nashville in particular is extremely strict about Airbnbs within the city limits. For example, in order to obtain a new Airbnb permit in Nashville proper, the residence must be owner-occupied. You could rent out a room/the home for the weekend, but Nashville is strict about making sure the property owners follow the rules about it.

Best of luck to you in your STR!

@Ade Ogunsanya I recommend joining Real Estate Investment Facebook groups for the cities you are looking at - you can make a ton of connections that way and get a good idea of what properties are going for. 

Same with financing. If you are looking for hard money lending, many are in these Facebook groups and will be more than happy to connect with you and explain their terms. The direct source for hard money lending is your best bet on advice for financing!