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Updated about 3 years ago,
Southern Market for STR
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