5 Ways to Expand Your Knoxville Real Estate Portfolio

Diversifying by providing multiple income streams from asset types such as stocks, bonds, precious metals, and from multiple sectors within the Knoxville, Asheville, and Chattanooga real estate market helps to ensure security against any sector’s downturns. Because time works in your favor when you invest in real estate, the sooner you begin, the greater the wealth. Rental rates also tend to keep pace with inflation, so investing in real estate protects against increases in the cost of living in your lifestyle. 

You can have peace of mind and enjoy a golden retirement through your passive income when you locate and purchase great real estate investments that produce cash flow. So read on as we explore five ways to expand your Knoxville, Asheville, or Chattanooga real estate portfolio. 

Flipping

Finding properties with deferred maintenance or properties that look like they were stuck in a time machine, purchasing them, and then rehabbing them into highly desirable updated properties and reselling them, all in a short period of time, is known as flipping. Flipping is a fast way to earn a large amount of cash to use for further investments to expand your Knoxville, Asheville, or Chattanooga real estate portfolio! It’s helpful to build a team with the mindset of an investor. When looking for fixer-uppers or distressed properties, working with someone experienced with house flipping, professional buyers like those at Southern Sky Home Buyers have spent years building a reliable and efficient team ready to jump into action. 

Residential Rentals

Residential rentals may be single-family homes, multifamily properties with up to four units or vacation rentals to expand your Knoxville, Asheville, Chattanooga, or other Smoky Mountain real estate portfolio. Multifamily properties offer the opportunity to house hack, living in one unit to offset your housing costs. You must assess the property location, the neighboring community, amenities, crime rates and upcoming plans for improvements.  Professional buyers like those at Southern Sky Home Buyers help you find great investments that will hold their long-term value. 

Mobile Homes

While mobile homes may not be your first go-to when considering expanding your Tennessee or North Carolina real estate portfolio; however, they make great investment properties. As a bonus, they are typically much lower in value than other residential rentals and therefore offer an easier entry into the Knoxville real estate investing world with less upfront cash. Professional buyers like those at Southern Sky Home Buyers know the intricate nuances of mobile home investing and can help you avoid making costly errors in locating one or more investment properties. 

Land

From buying land to hold and allow to appreciate, developing the land into commercial or create a subdivision of housing to expand your Knoxville real estate portfolio. Mobile home parks offer high returns with fairly low oversight. Explore all these options with professional buyers like those at Southern Sky Home Buyers who can help you find the right land for your investment goals.

Southern Sky Home Buyers

The best way to expand your Knoxville, Asheville, or Chattanooga real estate portfolio is by working with the seasoned local real estate investment pros at Southern Sky Home Buyers. The professional buyers at Southern Sky Home Buyers can answer your questions and set your mind at ease. At Southern Sky Home Buyers, we know many creative and exciting ways to help you to. The professional buyers at Southern Sky Home Buyers spent a career in the local Southeast real estate markets such as Tennessee, North Carolina, and Florida, and knew the importance of working with a reliable team that has the mindset of an investor. At Southern Sky Home Buyers, our professional buyers keep a close eye on upcoming trends in the real estate market, changes in zoning and other equally impactful matters so you can adjust your exit plans as needed. Your success as a real estate investor will also hinge on having the skills to meet the highest property management standards, keeping in mind that returns on investment property reflect the level of property management skill. So why not learn what it takes to manage property with the help of our top-notch team at Southern Sky Home Buyers? Call Southern Sky Home Buyers at (865) 249-0226.