Rental Property Investor · Savannah, GA · Member since 2020 · 2 posts · 3 votes
Hi,
My husband and I recently moved to Savannah, Georgia from Denver, Colorado. We house hacked there and currently have renters in our home. Savannah real estate seems pretty reasonable and a good opportunity to BRRRR our second property. My question for you all, what are you currently doing/waiting on in the Savannah area?
Arlington, VA · Member since 2014 · 12 posts · 5 votes
6y
Multi families in the Victorian district seem to be a good investment with good cash flow potential. Savannah is a very popular short term rental market but permits are required and the city has stopped approving new ones. Properties with transferable permits sell at a premium.
I have 2 condos with permits and comparing long term with short term economics between them. Of course Covid has affected business but it has rebounded pretty sharply. It’s early so I don’t have a comparison yet.
I will be looking for another long term multi family later this year.