Post COVID-19 the market has gone super hot.

I just recently got my first house under contract and assigned in Nashville TN, basically by scrolling through Redfin.

I have been constantly trying to do research on prospective countries and to see what type of real estate is hot in certain markets/counties and possibly not in others.

With how hot it's been and having 2 dogs and not currently accessing anything downtown, the mountains are calling!

It’s hot up there.

One thing I would point out is that 47720, 47725, 47710 and 47711, 47715 in general (especially harmony way, we’ve sold quite a few in that area and it has been HOT forever) your cap rates you’re able to acquire for will be lower in those areas as appreciation typically happens at an accelerated rate in those areas due to the demand to be in attendance in those schools. 47713 is slower and can lack appreciation in a given year depending on the area and 47714 (being the largest zip we have here by parcel count) really depends on the area you’re buying in.

Is the market too hot to get in?

Other details:I currently pay for heat/hot water but will be splitting my systems in 2021 when I complete the additions to the property. 

However, the market is too hot and pricing me out.

So far in the Coachella Valley, Desert Hot Springs and Indio are the most relaxed cities when it comes to STR ownership.