All Forum Posts by: Courtney Smith

Thanks all! Everything was worked out and we closed a little over a week ago. Now I have questions re: financing. The rehab is going to cost more than anticipated and I will need to secure financing. Exploring the best options. Will start a new thread for that :)

Hoping for some guidance from experienced investors. Under contract on a property (my first) to be used as STR in north GA. There are a couple of issues with title and survey that will cause closing date to not be met: (1) Survey doesn't match what's on file with the county. Previous contract on property fell through for same reason. New survey WAS completed in late August. Not sure why county hasn't recorded it yet. (2) Issue with title. Current owner bought property via quitclaim deed from a couple (non-family) that owned it for 20 years. Last I heard, atty was working with LA to either get previous owners to grant new title to current owner (?) or have current owner prove title insurance. I feel like there has been little effort made to keep me in the loop. The broker for my BA has stake in the law firm that is closing. Previous owner and LA have not been forthcoming about even simple info about the property. The whole thing is giving me the heebie-jeebies now.

If closing day is missed, can I get out of the contract. FYI, this is a cash sale, that I would have thought would be over and done with by now. We’re almost 30 days past contract signing. 

Hi all!

I'm a complete newbie to REI, and I'm seeking my first property to purchase. Ideally, I'd like to have an AirBnB/VRBO so that our family could also use the home on occasion. I was discouraged from buying in Ashe and Chatt because of their regulations surrounding STRs and thought, until I read a post here, that Knox would be a valid option. How are their whole-house rentals posted on rental sites when there obviously isn't anyone staying in the home when the renters aren't there? Are folks grandfathered-in or just finding loopholes? Super discouraged.

Also—we’re GA residents and obviously can’t be owner-occupants in both states.