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Nora Douglas
  • Boca Raton, FL
9
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Looking to develop a short term rental Corporate/wellness retreat

Nora Douglas
  • Boca Raton, FL
Posted

Hi fellow investors!
I’m looking to purchase a 10 acre parcel either in Columbus, Dahlonega, or Helen.

I’d like to live on half the land, and develop the other half into five A frame luxury short term rental units. 
it will be a corporate/wellness retreat/short term rental destination


I need land that is close to the Action, but not too close, and preferably comes with two single family doors already built, so I can take advantage of Fannie Mae owner occupied loan and develop the rest of the land on my own and with private funding.

Is Columbus a good market for this strategy? It has a lot going for it from a long-term rental/cash on cash return perspective, but I’m not too sure about short term rental demand and occupancy. Appreciate any and all advice! Also, any referrals to realtors who specialize in this sort of strategy would be appreciated.

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Robert Ellis
  • Developer
  • Miami, FL
1,813
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3,935
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Robert Ellis
  • Developer
  • Miami, FL
Replied

from my advice rural properties and developments aren't successful and you are climbing an uphill battle. sounds a little niche. we focus on developing and not reinventing the wheel. if this is truly what you want to focus all your time and energy on then visit the closest 5-10 of these that look like the ones you are interested and ask if they'd expand or build a secondary one. do a lot of research before you just take action 

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