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Updated over 3 years ago on . Most recent reply

Josh M.'s profile image
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Josh M.
  • Real Estate Investor
  • from Dallas, Georgia
  • Member since Nov 23, 2014
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Josh M.'s profile image
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Josh M.
  • Real Estate Investor
  • from Dallas, Georgia
  • Member since Nov 23, 2014
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Josh M.
  • Real Estate Investor
  • Dallas, GA
7
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Short-Term & Vacation Rental Discussions

1st Deal, around 4-500k loan, which Southeast market?

Josh M.
  • Real Estate Investor
  • Dallas, GA
Posted

Hi all, If you were doing your first deal with a Heloc and your mortgage limit would be 400K-500K for a vacation home loan, which market in the Southeast would you choose right now, and why? 

Looking for a regional, drivable market that I could maximize to ultimately scale.  

Thank you for your help. 

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Joshua Strickland
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  • from Flowery Branch, GA
  • Member since Oct 9, 2019
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Joshua Strickland
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  • from Flowery Branch, GA
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Joshua Strickland
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Joshua Strickland
  • Investor
  • Flowery Branch, GA
Replied

Doesn’t really matter. Will be deal/management dependent. Blue Ridge, Smokies, Myrtle will all be good. If you’re looking at beach markets it will be hard to find a house for that right now and condos will have a higher down payment and interest rate typically than single-family homes.

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