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Updated over 4 years ago,
Gatlinburg TN Rental Cabins
Hey All,
Just wanted to bring up a possible idea I have been having to you guys.
SO currently me and my father have been looking at putting our cash together and purchase a log cabin in Gatlinburg for a vacation rental. The main purpose of the property will be a secondary income and an investment. We have found one cabin that is listed for $249,000 and rents for approximately $30,000 per year.
We are completely new to realestate investing and kinda would like to grow this into a business and at one point (hopefully in the next 5 years) manage multiple properties.
Does this sound like a direction we should be heading or should we focus on something else? Anyone who has rental properties in the area have any tips or advice?
We are open to any ideas so if you guys think we should do something completely different let us know.
Thank You