Updated 3 months ago on . Most recent reply
Looking to buy my first investment property for STR. Considering WNC or TN
Looking to buy my first investment property for STR. Considering WNC or TN. Same geographic area basically but my question is:
For an out of state investor is NC or TN more friendly for STR inventment properties? Tax advantage differences, Insurance, etc
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Drago Stanimirovic
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Drago Stanimirovic
#2 New Member Introductions Contributor
Lender
#2 New Member Introductions Contributor
- Lender
- Miami, FL
Hey Michael,
Between Western NC and TN, Tennessee is more STR-friendly overall. No state income tax (vs. NC's tax on rental income), generally looser STR regulations (especially in places like Gatlinburg and Chattanooga), and lower insurance costs make it more attractive for out-of-state investors. NC spots like Asheville have cracked down hard on STRs, so you'll face more restrictions there.
- Drago Stanimirovic
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