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Updated almost 3 years ago on . Most recent reply

User Stats

67
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54
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Wesley Thompson
  • Investor
  • North Potomac, MD
54
Votes |
67
Posts

Under Contract on my First STRs!

Wesley Thompson
  • Investor
  • North Potomac, MD
Posted

My partners and I are under contract on 4 STR cabins in Tellico Plains, TN! The cabins already have strong rental history, occupancy rates, and historic revenue growth. We plan to introduce software and systems to maximize revenue growth and automate them as much as possible (we're all out of the area). We got a fantastic seller-finance deal with the opportunity to add more cabins into the portfolio from the seller; who is open to working with us on developing more cabins in the area! Really excited, can't wait to see this business grow!

Most Popular Reply

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8,421
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7,222
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Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
  • Olympia, WA
7,222
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8,421
Posts
Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
  • Olympia, WA
Replied

Very cool @Wesley Thompson. 14% ain't bad in today's market at all. Gratz on the purchase!

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