All Forum Posts by: Jeff Miller

Hello fellow Nashvillian investors. This is a good discussion, and a problem I recently wrote about on theurbaninvestor.com in an article titled, "The Dwindling Supply of Cheap Houses in Nashville, TN." The reason it is harder to get a better return on investment right now in town is totally because purchase prices have appreciated dramatically. Rental rates have increased as well, but not enough to keep up and achieve this 2% goal. I don't think there are ANY properties on the market in Nashville proper where one can get that return unless it needs A LOT of work. Even then it is a stretch. I have some houses where I am getting those returns, but I bought them in 2009-2011. It is a completely different market now and for those of us who have been in Nashville awhile, it is hard to adjust. Houses used to sell in the $20-$30k range in North Nashville, and now there is nothing that cheap. It is inner Nashville's final frontier, but the shift is already taking place.