All Forum Posts by: Jaspreet Taneja

@Reese Hamilton I sent you a message; I am also interested in Chattanooga market.

@Rhett Kelton I looked up new construction in Antioch and Murfreesboro and ran the numbers, they seem to have some cash flow. Now to check whether I want to go SFH or TH/ Condo. Do you have any recommendation based on your experience with area and builder?

@David Dozier thank you, David. I think I am going to buy one property and likely a new construction. I do not have the team or experience to go with BRRRR. Once I get feel from first rental unit, I might venture out but not right away. Outside of BRRRR, the market is priced high to have very little cash flow opportunities.

@David Dozier thank you David! I haven’t looked at Gallatin market. What areas would you recommend. I will likely drive by there to check the neighborhoods. I am also thinking if I should consider new property since this will be my first ever rental. Any guidance is much appreciated.

I am ready to buy my first rental property in greater Nashville area and surrounding suburbs. I am looking for single family home (3 bed/ 2 bath) or town homes/ condo with low HOA fees. The prices have appreciated a lot in all communities and I am now targeting B/C markets like Spring Hill, Murfreesboro, and Antioch. I have a few questions if someone familiar with the area can help me out:

1. Cash flow is pretty much a wash everywhere I have looked. Should I go for equity/ growth at this time?

2. Looking at the data, inbound has somewhat stabilized and not what it used to be a few years ago. Job market is still good. Should I explore north and east Nashville - Hendersonville, Gallatin, Hermitage, Mt. Juliet?

3. I am also gravitated towards newer construction to keep maintenance low and predictable. Most builders do have a cap of 5-20% with no short term rentals. I have asked but builders (their reps) do not share much in terms of how much a unit they sold had rented for.  Should I look for short term rentals as well?  [Definitely a cash flow play]

4. Does it make sense to expand to vacation/ short term rentals near smoky mountains? Anyone has any contact or someone I can get in touch with?

Any help or direction is appreciated. I am willing to do more research but hate to end with negative cash flow.

Thank you, Jesse