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Updated about 1 year ago,
Are New Gatlinburg STR Purchases Cashflowing?
Hey BP Team. My business partner and I are currently looking to pivot into the Gatlinburg STR market from the Chattanooga LTR market.
In our initial pro forma analysis, nothing is cashflowing…at all. Primary culprit? High rates.
Are we off? Is anyone able to make the numbers work in this market at these rates?