Build to flip cabin in gatlinburg

[Brent Horst]

Hello all. We have a peice of land in seiver county we are looking to build on. What are appraisals coming in at a sq ft? We are looking to build at $180 to $200 and sell $250 to $275

[Kevin Luttrell]

Quote from @Todd Goedeke:

@Mack Lengel no investor in their right minds would buy a cabin at $500/ sq ft. There is no way of making money , or very low ConC return ,as a STVR at that price. 

They most certainly would in the Smokies, and could still make a good CoC return. We bought our cabin in Sevierville at $430/sqft and it's our most profitable rental.