Updated over 7 years ago on . Most recent reply
STR Areas to research
Hello,
I am trying to get started in real estate investing and from reading this forum and learning all about the different options out there, short term vacation rentals seem to coming up as one strategy that maybe worth a deeper dive. I have some experience with rentals (20 Co-op's for my In laws) and I have a SF long term rental that has ran itself for 20 years. Definitely been lucky with that. That being said, I think I still have a ton to learn about the Short term industry
One area that keeps popping up as a hot market right now is TN, (gatlinburg / pigeon forge) which I am starting to look into. There is ton's of great info on here on that area that I am reading up on. I know many of you got in there over the past couple of years. Is it still considered an solid area to invest?
I guess my main question though would be what other area's should I be looking at. I would like to stay on the eastern half of the country, and I would also like to include beach areas (Vs. inland such as TN) as a comparison. I say this assuming that in the south eastern part of the country, I would get closer to year round rental income Vs. lets say the Adirondacks in NY. I would also lean more towards B to A class properties vs lower. Glad to do any research needed if you guys would suggest a couple of markets where its currently feasible to run cash positive over the year (Some appreciate would also be nice). I would be managing myself remotely so settling on an area with reliable ground teams is also important.
Appreciate any feedback
Vincent
Most Popular Reply
What @Luke Carl said. I bought my first cabin in GB/PF eight months ago; now I own three. Yes, prices are going up there, but the cash flow is still great. I manage them from California while I work 70 hours/week. Low season there is Jan-Feb; everything else has been utterly slammed. (and Jan/Feb are fine too, just lower rates)