Updated almost 2 years ago on . Most recent reply
1st Smokies Airbnb
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $953,000
Cash invested: $111,744
My family and I live in Nashville so we had been looking for a cash-flowing property that we could occasionally visit when it’s not booked and after hearing about the smokies craze, I started looking into it. We (my wife and I) took about a month to really research and get familiar with Sevier county. Our realtor went to 3 homes, put 1 offer in on this house the first day it went on the market and got accepted!
What made you interested in investing in this type of deal?
After talking to our realtor/PM, we wanted to go after the “ideal Smokies home”, which is 4/3, updated, mountain view, pool/hot tub and have some space on the property. Ours matches everything except the mountain view, but after having our realtor/PM do some more (literal digging), if we cut down a couple trees in the backyard, we will have a mountain view which will increase revenue to ~125k annually
Most Popular Reply
Congrats on jumping in
I remember when that one hit the market... a little more modern on the inside if I remember correctly