If you are a Nashville Real Estate investor, consider working with Strive Properties to find unique properties with great potential for capital growth and take advantage of the Nashville real estate boom!
Nashville has recently experienced a significant real estate boom. The real estate market took a major
hit during the recession, and it’s only recently that property values are slowly recovering from the economic struggles of a real estate bust. However, market-watcher RealtyTrac says that some cities have already developed fresh housing bubbles – Nashville being one of them. Markets that are already in housing bubbles, such as Nashville, generally have higher median prices than they did even in the previous housing bubble – which means that properties may be less affordable, but that it’s a great time for Nashville home buyers and Nashville Real Estate investors to work together to find the perfect solution.
Although the real estate market has improved tremendously, and Nashville by leaps and bounds in recent months, that doesn’t mean that everyone is able to keep and maintain their property. This is why it’s a great time for Nashville Real Estate Investors to work with Strive Properties. Strive Properties unique business model is a specialization in purchasing distressed properties. A distressed property is one that the owner cannot maintain – either financially or through maintenance. A person may not be able to take care of the property’s maintenance, and the condition deteriorates rapidly, or they may simply not be able to make the payments and are risking foreclosure. If a homeowner’s property becomes distressed, they may decide, “I want to sell my Nashville home fast!” However, a property without curb appeal, or that is otherwise distressed may be less likely to sell quickly. That’s where Strive Properties steps in.
Strive Properties specializes in purchasing just such distressed homes, allowing home owners to get rid of problem properties fast and get out from under the financial and maintenance burden. This is a perfect situation for real estate investors, as these properties are acquired below market value due to their issues and the burden that the house is placing on the owner.
Real estate investors, then, have the opportunity to take advantage of the real estate boom in Nashville by purchasing these distressed properties through Strive Properties and developing them. Although they may have issues, distressed properties are a great investment because they can be purchased at such an affordable rate, and then developed and resold.