All Forum Posts by: Reagen Natho

Hi Remy! I purchased my first property with @Avery Carl in 2019. I enjoyed working with her and STRs so much I joined her team as an agent in the smokies last year. With the Short Term Shop, you not only receive rockstar representation during the purchase transaction, but education and a community of like minded investors as part of the deal. 

Find an agent in blue ridge that is connected and knows the local STR market like the back of their hand. I work with a team of rockstar agents that specialize in STR investing and the level of service you are receiving would never be acceptable.

Quote from @Collin Hays:

Quote from @Reagen Natho:

A 2 bed in the Pigeon Forge/Gatlinburg/Sevierville area is going to roughly run you in the $550-$650k range. With a killer view, you will probably be looking a little north of that. 

I do like what @Collin Hays said above. I had a client get a super cute studio cabin in Cosby under contract for around $250k recently. It could be a great place to look, especially if you want a view. 

 Reagen, good info.  For your investors buying in PF/Gatlinburg these days, what is a generally acceptable annual yield?  Meaning annual rents-to-purchase price ratio.  ($50K to $500K being 10%, etc.).  It appears investors are OK with as little as 7 to 8 percent these days on a lot of deals.  

That's a very personal decision that has to make sense to the investor and their numbers. People invest for so many different reasons... I had a guy I talked to the other day that paid in over $100k in taxes last year. He'd rather put that $100k into an investment property that will be paid for by someone else and cashflow a bit on top of it. 

Quote from @John Carbone:

Quote from @Reagen Natho:

@John Carbone is Jennifer your sister?! 

Yes she is. 

So awesome! I LOVE that little cabin. I’m so happy y’all found it. I may be their first guest. 😂 I want to run away from my kids and spend the weekend relaxing in the porch, listening to the river. They’re gonna kill it. 

@John Carbone is Jennifer your sister?! 

A 2 bed in the Pigeon Forge/Gatlinburg/Sevierville area is going to roughly run you in the $550-$650k range. With a killer view, you will probably be looking a little north of that. 

I do like what @Collin Hays said above. I had a client get a super cute studio cabin in Cosby under contract for around $250k recently. It could be a great place to look, especially if you want a view. 

I have been under contract a little over a year on an investment property that will be used as a vacation rental. The market I am buying in has appreciated significantly and I should have somewhere around $250k in equity I’d like to tap into with a Heloc. Has anyone obtained a heloc on a non owner occupied property immediately after closing on it?

@Richard Davis https://www.biggerpockets.com/forums/530

@Grisel Lopez I’m currently using Kaplan in TX and have been very happy with it so far. I’m doing the online self paced study. It was around $500. The online instruction videos are easy to watch and informative and the text books are easy to understand.

@Steve Rozenberg thanks so much for your response! Since we are mobile, we are open to pretty much any area where a good deal can be had. We are in the process of building a new vacation rental in TN and hope to have a flip lined up to start on in TX when it's completed. Hopefully mid February. I understand acting fast! In the STR market we invest in, a house can go under contract within hours of hitting the MLS.