Flipping houses in Murfreesboro, TN: a local guide for investors
Flipping houses in Murfreesboro can be rewarding for investors who buy carefully. As the seat of fast-growing Rutherford County, south of Nashville, the city draws steady buyer demand, which means well-renovated homes can sell quickly when they are priced right.
This guide covers the local market, where Murfreesboro investors find off-market and probate deals, how to run the numbers on a flip, financing and double-close strategies, and how networking and marketing help you buy below retail.
Why investors are flipping houses in Murfreesboro
Murfreesboro is one of Tennessee's larger cities, with roughly 168,000 residents in recent Census estimates, and Rutherford County is home to about 360,000 people.
Recent Census figures for Rutherford County show a median household income of about $85,000, a median home value around $383,000, roughly 65% owner-occupied homes and about three in four homes built as single-family houses. That mix of solid incomes and a large single-family housing stock supports demand for move-in-ready homes.
For flippers, demand on the resale side is only half the story. Profit depends on buying below market, and in a growing area that usually means finding owners before their homes reach the MLS: estates, tired landlords, owners facing financial pressure and homes with deferred maintenance.
Learn the city and its neighbors, including Smyrna and La Vergne, block by block. Values can vary widely between older neighborhoods near downtown and newer subdivisions on the edges of town.
- Listed on the MLS
- Competing offers
- Thin margins for flippers
- Found through leads
- Direct talks with owners
- Room to buy below retail
Rutherford County resources
Listed and sold 25 properties and personally bought and sold four fix-and-flip properties, all generated from probate leads.
Carolynn Castillo
Realtor & Broker · eXp Realty
Why probate leads work for Murfreesboro flips
When a homeowner dies, the estate goes through probate. The executor can sell at fair market value, but many estates need to move faster and accept a lower offer.
The estate needs to sell
Debts, taxes and upkeep can push an estate toward a quick sale for instant cash.
- Debts
- Upkeep
A fast, simple closing is often the priority.
Heirs live elsewhere
Heirs working in another state or country rarely want to manage a house in Murfreesboro.
- Out of state
- Abroad
Remote-friendly closings make the process easier for them.
Nobody wants the repairs
Estate homes often carry deferred maintenance, and heirs may have no interest in spending money to fix them.
- Repairs
- As-is sale
An as-is offer removes the burden.
Equity is common
Many deceased owners had paid off their mortgages or carried low balances, leaving significant equity.
That equity lets an estate accept a below-retail offer while leaving you room to renovate and profit.
Questions for every Murfreesboro probate lead
- 1Has the court authorized a sale?
- 2Who is the executor?
- 3What repairs does the home need?
- 4What do renovated homes nearby sell for?
- 5How long will probate take?
- 6Can you close quickly?
Shannon Thompson
Investor · Joe Homebuyer of Atlanta
Watch Shannon Thompson share their experience using ForeclosuresDaily.com.
Motivated sellers who want to liquidate fast
For this reason, ForeclosuresDaily.com’s off-market real estate platform covers every major distress signal nationwide, cross-referenced with tax rolls and property appraiser records.
Andrew Litchfield
Webinar host
Andrew Litchfield hosted a ForeclosuresDaily.com monthly webinar for real estate investors.
Running the numbers on a Murfreesboro flip
Profit is locked in when you buy. Estimate the after-repair value from recent sales of renovated homes in the same neighborhood, then subtract the purchase price, renovation, holding costs and selling costs. Focus on houses with equity, because that equity funds your renovation and marketing budget and your profit.
Max price = ARV × 70% − Repairs
Adjust for Murfreesboro's competition, your financing costs and the project timeline.
Then add loan interest, taxes, insurance and selling costs.
Follow a business plan
A structured plan with a budget and clear goals keeps big projects under control. Know your numbers before you commit, and track them through the renovation.
Mind your lender's timeline
If you borrow, enter and exit on a schedule. Lenders want a profit too, so favorable terms depend on a credible plan and a fast, well-managed flip.
Anthony Coletti
Real estate investor
Watch Anthony Coletti share their experience using ForeclosuresDaily.com.
Finding houses at wholesale prices in Murfreesboro
Selling real estate is competitive, and quality off-market leads are hard to find on your own. Buying your data from a legitimate source such as ForeclosuresDaily.com gives you a steady list of properties that have not yet reached the retail market.
Wholesale and double close
A wholesale deal is a short-term strategy for relatively quick profits. You can pay cash for a quick deed transfer or use a double close, buying and immediately reselling with minimal cash invested.
Marketing comes first
The early bird gets the worm, and the squeaky wheel gets the grease. Consistent marketing helps you reach the person who can actually sign the deed before other buyers do.
- 1Probate estatesInherited homes
- 2PreforeclosuresOwners facing a deadline
- 3Divorce filingsHomes to sell or divide
- 4Absentee ownersOut-of-area landlords
- 5Deferred maintenanceHomes needing work
- 6Local networkAgents and wholesalers
What makes a good Murfreesboro flip
Prioritize properties with several of these:
Buying right serves everyone. Many homeowners with houses needing repairs are better off selling as-is to an investor. A fair, fast purchase is a real service to them and a profitable project for you.
ForeclosuresDaily.com hosts monthly webinars with flippers and investors such as Roman Soyko and Phillip Warrick.
Jeremy Resmer
Webinar host
Jeremy Resmer hosted a ForeclosuresDaily.com monthly webinar for real estate investors.
Renovations that sell in Murfreesboro
Buyers in a growing suburban market expect move-in-ready homes. Focus your budget where it raises value most, and match finishes to the neighborhood.
Kitchens
Updated cabinets, counters and appliances often drive buyer decisions more than any other room.
Bathrooms
Fresh tile, fixtures and lighting make older homes feel new without a full gut renovation.
Flooring and paint
Durable, neutral flooring and paint are affordable upgrades that photograph well.
Curb appeal
Landscaping, a clean exterior and a welcoming entry help your listing stand out online.
Systems first
Roof, HVAC, plumbing and electrical issues must be fixed before cosmetic work.
Avoid over-improving
Luxury finishes in a mid-priced area can erase profit. Match nearby renovated comparables.
Get several contractor bids, check licenses and insurance, and inspect the work regularly to keep the project on time and on budget.
Antonio Stringfield
Probate investor · Los Angeles
Watch Antonio Stringfield share their experience using ForeclosuresDaily.com.
Your Murfreesboro flipping plan
Pick your ZIP codes
Focus on a few Murfreesboro neighborhoods where you know values, buyer preferences and renovation costs.
Build your team
Network at real estate meetups and clubs to line up financing, contractors and agents for your flip. Meet our team at a National REIA event.
Find, fix and sell
Work off-market leads, buy at the right price, renovate to the neighborhood standard and list with strong photos and pricing.
Before you buy in Murfreesboro
- Verify ownership and liens
- Pull renovated comparables nearby
- Get contractor bids for major items
- Line up financing or cash
- Plan your timeline and holding costs
- Define your exit if the market shifts
See our events calendar to meet investors, or explore wholesaling in Rutherford County.
Nancy Wallace-Laab
Investor · nearly 20 years
Nancy focuses on the best outcome for both the seller and the investor, drawing on nearly 20 years of real estate investing experience.
ForeclosuresDaily off-market opportunities before your competition
In fact, since 2004, ForeclosuresDaily.com has helped investors, wholesalers, flippers, and agents reach motivated sellers first.
Phillip Warrick
Full-time investor since 2003
Full-time real estate investor since 2003, with over 20 years of experience.
Flipping houses in Murfreesboro: FAQ
Is Murfreesboro a good place to flip houses?
It can be. Rutherford County has a large population and solid incomes, which support demand for renovated homes. Profit still depends on buying right.
Where do Murfreesboro investors find deals?
Off-market sources such as probate, preforeclosure, divorce and absentee owner leads, plus local networking.
What is a double close?
Buying a property and immediately reselling it to an end buyer in back-to-back transactions, often with minimal cash.
How do I estimate ARV?
Use recent sales of similar renovated homes in the same neighborhood, adjusted for size, condition and features.
Should I use the 70% rule?
As a starting point. Adjust it for local competition, financing costs and how long the project will take.
Can I meet other local investors?
Yes. Real estate meetups and REIA events are good places to find lenders, contractors and partners.
Start flipping houses in Murfreesboro
Murfreesboro rewards investors who buy below retail, renovate to the neighborhood and sell quickly. Off-market leads give you the first conversation with motivated owners before the competition knows a home is available.
Get Started →