Special offer

California investors buying in Tennessee

By
Real Estate Broker/Owner with Carousel Realty of Dyer County Tn 248435000

About 3 weeks ago I got a response off loopnet from a realtor/broker in California. She called inquiring about some commercial and residential property I had listed in Newbern,Tennessee. I sent her loads of extra pictures and information and she was ready for her clients to buy. So, I wrote the contracts for her to give to her California clients and we then negotiated the two contracts subject to this broker(Mary) coming to Tennessee next Tuesday and review the properties with the assistance of a local inspector. She also stated that she has other investors wanting to purchase here as well. If you have cash flowing properties that you want to sell, let me know and I will put Mary on them.

I have been talking to other realtors here in Dyersburg(west) Tennessee and they too are working with California investors. There also appears to be investors from Florida also buying here in Tennessee. Another realtor here just sold a down town mini shopping center to an investor and there have been a couple of mini storages sold recently to California investors.

My staff and I are scrambling to find other cash flowing investments for California investors wanting to purchase here in west Tennessee.   

Gary Bland
Century 21 All Islands - Lahaina, HI
It appears that all the best deals are when they cash flow.  Here in Hawaii it is all about being able to live in Hawaii.  Nothing cash flows very well. 
Nov 08, 2007 02:31 PM
Sanford Hall
Boynton Beach, FL

Hi mike, how about Investment condos in FL, AZ, NV, MN and NV?  Discounts as high as 40%. Call me for more info.

Contact:

Sanford Hall

877-386-3780 ex 2363

561-738-9585 direct

shall1432@aol.com

Nov 19, 2007 09:00 AM
Anonymous
Ben Kelly

Hey Mike, I am a home inspector in the area. I have several investors that have been buying property in Dyersburg all the way to the Martin area. I have also done 4 multi unit apartment buildings for investors. There has been many single family homes as well, I have noticed that many are selling their properties in California, retiring, and coming here to pay cash for a home. Then just living life. It has been a very good experience.

Ben Kelly

Nov 27, 2007 10:12 AM
#3
Mike Frazier
Carousel Realty of Dyer County - Dyersburg, TN
Northwest Tennessee Realtor

Ben,

The faucet was wide open until about 6 months ago but the people relocating here cannot sell their homes in California right now. I am getting some investors in here for commercial properties or multi family properties. I bet you did the inspections for that large set of single family homes that just sold to California person(in Ripley,Tn area)

Nov 27, 2007 10:21 AM