Rental Property Investor · Member since 2018 · 49 posts · 7 votes
Fairly new to STR game. I own a couple cabins in pigeon forge that are doing well. But I have really been looking to get a property in a beach town or on a beach preferably Florida ’or gulfcoast. I have been looking with multiple agents and I can’t seem to find a healthy cash flow. Any advise on areas? Or buildings or even agents i should be speaking with?
I would also like a proerty in the denver area
Any help would be Appreciated
Thank you
Rental Property Investor · Tennessee Florida · Member since 2016 · 4k+ posts · 5k+ votes
8y
I was in this same spot a couple years ago. Ended up with more cabins in Pigeon Forge Gatlinburg. If you’re looking for cash they can’t be beat. If you’re looking for somewhere to visit for free then a condo in PCB will probably break even. But why not buy another cabin and let it pay for your vacations in any destination you want to go.
Plantation, FL · Member since 2009 · 329 posts · 119 votes
8y
In South Florida, being on the beach means $$$$ so it's not easy to cash flow but it can be done. Most likely you will need to find a distressed property that will need repairs/updates but those have the potential to cash flow.