All Forum Posts by: Raj Sat
Raj Sat has started 3 posts and replied 29 times.
Post: Looking for some feedback on STR opportunities in Pigeon Forge/Gatlinburg TN area
- Posts 29
- Votes 9
Quote from @Jesse Turner:
@Ernest Fox I see 6 properties in Pigeon Forge, TN for sale that could gross at or above a 15% yield.
There are 31 such in Gatlinburg (a much larger area). DM me and I can send you the list to have a local agent cross-check against their recommendation.
Hi Jesse, can you please send me that list.
Post: Am I crazy for building a new cabin in Gatlinburg?
- Posts 29
- Votes 9
Quote from @Collin Hays:
If you've run the numbers and they work, go for it. The properties that perform the best in the Smokies generally have an amenity that cannot be purchased at Lowes: A quarter mile from Dollywood, an amazing view, or waterfront.
I had a cabin burn to the ground a few years ago near downtown Gatlinburg, and spent a small fortune building a timber frame log cabin out of thick yellow pine logs. Spared no expense - wood casement windows, custom cabinets, counters, stainless appliances, custom pool table. I didn't have to do any of this to help it rent better, I just wanted to. I'm going there in three weeks and really looking forward to it.
how much did it cost to build?
Post: Smokies "hiney showing" thread
- Posts 29
- Votes 9
Quote from @Leora Merrell:
Quote from @Raj Sat:
Quote from @V.G Jason:
Quote from @Mike Anderson:
Quote from @V.G Jason:
My agent refutes all of our fear mongering. She states there's still multiple offers and its a sellers market. That my thinking is still wrong and when I am ready to change my mind, she is here. She also believes that it still hasn't peaked.
Even though, I know that's very well not true at all. Can you imagine the average Joe peeking into the markets and hearing this? This just creates FOMO.
How does she refute the factual data that we can all look at and consider? Whenever i've pressed with actual data they look at me confused then spin the conversation to "inventory is low" which is actually rising too. It's just crazy.
To your point and Collins point, I don't trust them they don't make my investment thesis. But to the one's that say agents are responsible, have a fiduciary responsibility to buyers I just laugh and revert back to this. They don't know what they're saying, and that includes 99% on this board too.
Closed property in Sevierville last month, never trust anyone in this business we need to do our DD before making decisions. Agents have little or no interest to find out things without you asking for right questions. Within 1 month in listing we already have 30k in bookings. still there are deals. searched for a year before signing to this property.
If everything goes well planning to add one more cabin by EOY. We are not looking for profits at-least for now, it need to pay by itself that is our goal and it is working as per our data.
Post: Smokies "hiney showing" thread
- Posts 29
- Votes 9
Quote from @V.G Jason:
Quote from @Mike Anderson:
Quote from @V.G Jason:
My agent refutes all of our fear mongering. She states there's still multiple offers and its a sellers market. That my thinking is still wrong and when I am ready to change my mind, she is here. She also believes that it still hasn't peaked.
Even though, I know that's very well not true at all. Can you imagine the average Joe peeking into the markets and hearing this? This just creates FOMO.
How does she refute the factual data that we can all look at and consider? Whenever i've pressed with actual data they look at me confused then spin the conversation to "inventory is low" which is actually rising too. It's just crazy.
To your point and Collins point, I don't trust them they don't make my investment thesis. But to the one's that say agents are responsible, have a fiduciary responsibility to buyers I just laugh and revert back to this. They don't know what they're saying, and that includes 99% on this board too.
Closed property in Sevierville last month, never trust anyone in this business we need to do our DD before making decisions. Agents have little or no interest to find out things without you asking for right questions. Within 1 month in listing we already have 30k in bookings. still there are deals. searched for a year before signing to this property.
Post: Neighbor refusing to move camera pointed at STR pool
- Posts 29
- Votes 9
Put a mirror to reflect the sunlight to camera whole day it will fry the sensor.
Main clause for H1-B is you should not work full time other than your H1b Sponsor. As your properties are managed by PM I don't see any issue.
But yeah only immigration attorney can provide clarity on this.
Post: What to check before purchasing new construction cabins in gatlinburg?
- Posts 29
- Votes 9
Quote from @Matt Mertz:
not in Gatlinburg city limit, but thats fine as snow is not regular thing in Gatlinburg, more interested how to do my due diligence regarding the construction and inspections to make sure structure will not fall in couple of years lol
Seems to me that the simplest thing to do is ask the builder for a few references and ask them.
Secondly you can hire an inspector.
Lastly, you can tell us the builder and there may be people on this forum that can give you some private feedback.
Please check your DM.
Post: What to check before purchasing new construction cabins in gatlinburg?
- Posts 29
- Votes 9
Quote from @Matt Mertz:
not in Gatlinburg city limit, but thats fine as snow is not regular thing in Gatlinburg, more interested how to do my due diligence regarding the construction and inspections to make sure structure will not fall in couple of years lol
Seems to me that the simplest thing to do is ask the builder for a few references and ask them.
Secondly you can hire an inspector.
Lastly, you can tell us the builder and there may be people on this forum that can give you some private feedback.
Thanks Matt, will find out who the builder is and will post here. Thanks for all your help in replying.
Post: 30041 zip code STR restrictions and manager needed
- Posts 29
- Votes 9
As of 2021, Forsyth County, Georgia's short-term rental ordinance states that short-term rentals are only permitted in agricultural (A1) or agricultural-residential (Ag-Res) zonings with an approved Conditional Use Permit (CUP). The ordinance also states that it is illegal for any owner to rent or operate a short-term rental of residential property in unincorporated areas of Forsyth County that violates the ordinance's procedures and regulations.
Post: What to check before purchasing new construction cabins in gatlinburg?
- Posts 29
- Votes 9
Quote from @Matt Mertz:
Get customer references for the builder.
Call Gatlinburg Building and Planning Department to make sure it's zoned for STRs.
Is it in Gatlinburg city limits? This matters for snow plowing (which was an issue just this week). Gatlinburg plows the streets.
not in Gatlinburg city limit, but thats fine as snow is not regular thing in Gatlinburg, more interested how to do my due diligence regarding the construction and inspections to make sure structure will not fall in couple of years lol