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Account Closed
  • Rental Property Investor
  • West Palm Beach, FL
8
Votes |
19
Posts

Cabin as an investment property in Morganton / Blue Ridge, GA

Account Closed
  • Rental Property Investor
  • West Palm Beach, FL
Posted Jun 3 2020, 09:28

Hello everybody. My husband and I are in the process of buying a rental property cabin in Morganton, GA. It is located near the Blue Ridge and is really close to all the fun in the area. We kind of had a rapid emotional decision while being on vacation there and immediately put an offer without really analyzing the market first. The cabin is really nice inside and completely turn key and we are planning to use it for ourselves for 3-4 times a year. What really bothers me now, is that there is neither  mountain nor lake view, just woods view. Also it is near the quite a busy road and you can hear (moderate noise) cars passing by. My question is, do you think it would rent out anyways as there are also folks who don't mind the view and the "stillness" of the surroundings or do you think our vacancy rate will be really high? We at least aim at paying off our mortgage and other expenditures connected with the cabin. We got a really good mortgage rate due to the fact that it qualifies as a vacation home, as we are from Florida. Also, we are going to self-manage remotely. Thank you for any feedback.

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