All Forum Posts by: Carrie Carlton

Did you ever find anything ?

I agree with the remarks about the inflated market in Nashville . I have stopped buying investment  property. But was buying 3 per year before. It is so tempting to sell.

I know what you mean about renovating versus someone tearing it down. I recently went through this with a triplex in East Nashville. I think it ultimately depends on your goals for the property. I have decent cash flow with the triplex and with some fix up cost increased the cash flow. I am at a point of my life where I want cash flow and not quick money by flips. For me, I want income for years to come. If your goal is to sell in the next five years then I would probably do some cheap cosmetic upgrades but keep it to a minimum. Buena Vista is up and coming and I think it sounds appealing. The rent for the renovated side also seems low to me. 

Great post! I am in the Nashville market since 2012. I have been thinking a lot lately about much my investing was luck. Nashville has seen huge appreciation and rent increases, but there is a lot of chatter about a bubble. I have a 3/2 in East Nashville that I just finished rehabbing and am not seeing the interest I normally do. I think part is due to the time of year/holidays, but I have to wonder if the multifamily market is getting more competitive because of all the condos going in EVERYWHERE. It gives me relief to see your projection of growth for the area at least for next year. I have friends that are looking for places to buy, not because they are ready to own a home, but they feel they won't ever be able to afford a house in Nashville  ( especially interior of the city ) in the future if they don't buy now. That is indeed a crazy thought. If there is a downturn in the Nashville market and/or I invest in another area, I think it will be hard psychologically for myself because the rate of returns I have seen with my first investments. 

I am not really impressed with the real estate agent either. It is near Vic and Bills if that is still there. In the vicinity of Fulton High School.

So I bought a SFH in North Knoxville in 2008. I lived in it for 3 years and moved to Nashville. I rented it out for a few years. I have it on the MLS and have one lowball offer. Being out of town I would appreciate any advice on what the area is doing and if you would recommend fixing it up and who you would use . I bought it for 72k and it could use some updating. My realtor says the area is picking up around it. Any advice or someone willing to partner on a deal ?

Thanks in advance!

My father is a buy and hold investor in Murfreesboro.  He could really use a tutor to show him how to market and use technology this day and age. Let me know if you would like to meet. He has been investing over 20 years in the boro.

I started investing in East Nashville in 2013. I think the secret is out and everyone is buying now.  That being said anything East of Dickerson and south of Briley is what I consider East Nashville.

I bought two tiny houses <800 sq ft in the Osage Fisk North area 1 year ago. I am not seeing huge jumps in appreciation in values or rent but it is definitely heading in the correct direction.  I bought believing the proximity to downtown was key. It reminds me of East Nashville when I started investing in 2012. People though I was crazy but now... There are a lot of locals that have lived/rented there for long periods. Both were section 8 rentals when I bought them.  I have since changed to regular rentals.  I definitely don't have the demand like with the East side, but am seeing improvements.  I wanted to buy in North Nashville in 2013 but literally walked into a few crack houses. You could buy a house for 40 to 50k then. Not the case now. 

What area is it in ? I am an investor in Nashville. Nashville is booming right now. ARV are hard to approach at times. I am happy to offer any help, and may be interested if you want to wholesale.