Southern Market for STR

[Sam Barnsley]

Hey BP!

My wife and I are a couple flips deep in Northern Michigan but looking for a market to start investing in (in the south) to potentially escape for the harsh winters. The plan would be to spend Jan-Apr in the south then STR the house the remainder of the year. The market is WAY too overpriced in Traverse City to make any money.

I've lived in both Woodstock, GA and Hattiesburg, MS so I know those markets a little more than others. Looking for a town with lower cost of housing/ability to BRRRR for both STR and long term rentals.

Cities we would like to know more about include (but not limited to) Hattiesburg, Ocean Springs, Mobile, Orange Beach, Montgomery, Auburn, Huntsville, Chattanooga, Knoxville, Anderson, Columbia, Savannah, Greenville.

Any information you have is greatly appreciated!!

Thanks,

Sam

[Keith Rocha]

Chattanooga is growing like a weed. Phenomenal for LTR. STR are little more difficult inside city limits due to certain city restrictions but can be done. Better hurry though. We have more and more out of town money coming in everyday. Cash overs over ask on investment properties on a regular basis. Best way to get in a BRRR properties is to build out a network of wholesalers locally. I know quite a few and happy to make an intro if interested.

Add Gatlinburg to your list for STR. Still underbuilt after the fires a few years ago wiped out so many.

Happy hunting.