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Updated 11 days ago, 12/12/2024
Looking to develop a short term rental Corporate/wellness retreat
Hi fellow investors!
I’m looking to purchase a 10 acre parcel either in Columbus, Dahlonega, or Helen.
I’d like to live on half the land, and develop the other half into five A frame luxury short term rental units.
it will be a corporate/wellness retreat/short term rental destination
I need land that is close to the Action, but not too close, and preferably comes with two single family doors already built, so I can take advantage of Fannie Mae owner occupied loan and develop the rest of the land on my own and with private funding.
Is Columbus a good market for this strategy? It has a lot going for it from a long-term rental/cash on cash return perspective, but I’m not too sure about short term rental demand and occupancy. Appreciate any and all advice! Also, any referrals to realtors who specialize in this sort of strategy would be appreciated.