Blowing Rock, NC vacation rentals

[Glenn Goranson]

Has anyone every looked at or own property in Blowing Rock, NC? My wife and I were just there and it is beautiful with some good deals on cabins right on ski mountains or off the Blue Ridge Parkway. We are thinking of investing in a vacation rental. Thanks.

[Tarun Raval]

Hello Glen,

I do not own cabins or vacation rentals in Blowing Rock - but do own several student rentals in Boone, NC. So far the investment has paid for itself and is cash-flow positive. Here are my observations

a) 100% occupied for 4 properties for the last 5 years.

b) Property tax is extremely low in Watauga County as compared to other places in Mid-West

c) Low GRM (Gross Rent Multiplier) and high Cap Rate

Hope this helps.

Regards

Tarun