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Updated over 4 years ago on . Most recent reply
Where do I invest STR. Please Help
Ive been house hunting for months for an out of state STR property and cant decide on where I should invest for the best CoC return. I currently have a property in Gatlinburg,TN that is doing amazing but want to branch out to another state/city. Ive considered FL, CO, UT, AZ, TN, NM. Are there any spots i should be looking? Also ive never considered having a LTR/ MultiPlex but if you were to buy one what state/city would be best fit for that?
Most Popular Reply
Hi Brandon! Gatlinburg is on fire right now for short term rentals, is there a reason you want to branch out? In regards to the short term vacation rental market, there was a recent study published that the Florida panhandle is rated the best location to buy for highest returns. Personally, all my short term vacation rentals are in one area and it has worked out great for us to keep the same cleaning staff and handyman on hand for all the properties. I know some investors would rather not have all their eggs in one basket, but I diversify with LTRs in my home state.