Everyone has heard the success stories of people who have bought homes in hot real estate areas and “flipped” them for profit. With the Nashville real estate market still outpacing the national markets, the attention of investors has shifted from Las Vegas and California to Middle Tennessee. However, potential investors should know that great “flips” can be hard to find, and that it often takes a huge investment to make a substantial profit. In order to choose a smart investment property, you have to understand the property’s inherent value, know how long you can hold the property, and decide whether to choose rental or leasing options while you’re holding the property. That’s where the HummerHomes Team comes in to assist you.
We of the HummerHomes Team have over 20 years of experience in the Nashville real estate marketplace. We can help clients locate, value, buy and sell investment properties, and offer our clients objective, valuable advice about current market conditions, rental and sales prices, and other factors pertinent to investing success. We have participated in every kind of real estate transaction, including the purchase and management of long- and short-term investment properties. Let the experienced real estate agents of the HummerHomes Team help you earn money in the lucrative Nashville real estate market!
Finding Investment Properties in Nashville
Purchasing an investment property is a very different matter than buying a residence. While there are personal tastes, emotional issues, and other factors attached to the purchase of a primary residence, investment properties are all about financial return.
When you begin your search for investment properties in greater Nashville, start in the hottest areas. Belle Meade, Belmont, Brentwood, Burton Hills, Cool Springs, Edgefield, Forest Hills, Green Hills, Nolensville, Spring Hill, Vandy, and Nashville’s West End are all booming right now. We can search out likely properties for you in these proven areas, or you can use our comprehensive online MLS Search tools to find a property yourself. The HummerHomes Team currently works with a select number of institutional and private investors, and we look forward to assisting you.
Nashville is a fast-growing city, and promises to continue its growth spurt with the arrival of companies like Dell and Nissan. The HummerHomes Team can help you invest in all kinds of properties, including condos, town homes, single-family homes, and commercial properties. Also interesting are the possibilities for corporate rental homes, which will be in high demand as executives for Dell, Nissan, and other large corporations spend increasing amounts of time in Nashville.
To start your search for Nashville investment properties, contact expert Realtor Cindy Jasper, Broker, ABR, CSP at 615.300.4695. Or, email firstname.lastname@example.org.
Investing in Nashville
Once you’ve found a Nashville property that interests you, you’re ready to invest. But before you commit, you should understand exactly what you’re getting into. Here are some basic facts about which every investor in Middle Tennessee should be aware.
Understand your timetable: Although there are exceptional cases, in general real estate is not a liquid investment, and you can’t expect to sell your property or properties in a few days, or even in a few weeks. Often, sales can take a few months or more, although in hot real estate areas turnaround times may be substantially less.
Understand your long-term goals: Are you simply seeking to make money in a hot market, or are you looking for properties to provide you with rental income for years to come? Your long-term goals will seriously impact the types of property you should consider.
Understand your motivation: Real estate investment is not a quick fix to pay off a mountain of debt, nor is it a get-rich quick scheme. Real estate investment is a business like any other, and we of the Cindy Jasper HummerHomes Team treat it as such.
Understand your financial capabilities: It’s possible to make a lot of money in the Nashville real estate marketplace. But in order to do so, you need to understand your personal limitations. It is never a good idea to put yourself in a situation where you are a financial slave to your investment property.
- How much money can you reasonably dedicate to the purchase of investment property? Have you been pre-qualified for an investor’s home loan?
- How much money can you reasonably dedicate to the renovation and subsequent upkeep of your investment property?
- If you are making major improvements, have you allocated funds for permit costs, architect’s fees, and other improvement-related expenses?
- How much of your own time and labor are you willing to invest in your property? Can you afford to hire contractors if you cannot complete the work yourself?
- How long can you hold each property before it becomes a financial burden to you?
- How much will the property appreciate or depreciate in the time you intend to hold it?
- How much money have you allocated to insure your property, and for how long?
- If you decide to rent or lease rather than sell the property, will you pay a property manager to oversee tenants and maintenance, or will you do it yourself? Do you have funds allocated for emergency repairs to of the property?
- What are the tax implications of a quick sale versus a long-term investment? Will the property taxes on your investment property change once your improvements are completed?
Here at HummerHomes, we strive to make investing as lucrative as possible for our clients. In addition to assisting you with your property search, we can recommend reputable Nashville mortgage brokers, insurance agents, and other area professionals who can help make your investment experience easy and profitable.
If you’re serious about making money in the Nashville real estate market, Cindy Jasper and the HummerHomes Team are here to serve you. We’re committed to making your investment purchase a rewarding and stress-free experience. So please, sit back, relax, and let us be your real estate concierge! We specialize in Franklin Real Estate, Belle Meade Real Estate, Cool Springs Real Estate, Brentwood Real Estate, Green Hills Real Estate, and of course Fieldstone Farms! For more information, please call Cindy Jasper at 615.300.4695 today, or email email@example.com.