Temple, TX · Member since 2018 · 307 posts · 215 votes
Does anyone invest in STR in New Braunfels TX, Corpus Christi, TX, Rock Port, TX, Gatlinburg, TN, or Pigeon Forge, TN?
I am looking into using a second home mortgage to acquire a STR and would love some feedback on markets to look into and specifics to the markets listed above. Would love to connect!
#1 market in the USA is the Smokies. Despite a run up in prices, good returns can still be had. Contact @Avery Carl here on BP. She has a good program and her podcast lit the fire under a lot of people regarding STR investment.
#1 market in the USA is the Smokies. Despite a run up in prices, good returns can still be had. Contact @Avery Carl here on BP. She has a good program and her podcast lit the fire under a lot of people regarding STR investment.
@Chuck Kramer will do, I listened to her podcast when it first came out and I re-listened to it this morning during my workout, great content!
I am very interested in the Smokies and have family about 2hr away that we visit every year, I know it's a great market to be in, but the prices are pretty high and its a lot farther from me than the other markets I listed. I live about 1.5hrs from New Braunfels and my fiancé has family there and in the corpus area. A lot easier for me to visit the Texas markets to start out rather than the TN markets, just not sure if I want to jump into the TN market now or start with TX.
Makes sense if you feel you need to visit. Lots of owners have never visited the Smokies but own multiple properties. It’s all based on your style. Just don’t make the mistake of being too hands-on.
I am looking into using a second home mortgage to acquire a STR and would love some feedback on markets to look into and specifics to the markets listed above. Would love to connect!
Chris I live in Downtown New Braunfels, and own STRs in other markets. STRs are only allowed in NB if it is zoned for Commercial, so when one of those properties becomes available, they move very very quick and are usually to expensive to cash flow (if that is your goal). The market is very stale around here right now. I thought tons of condos would be hitting the market with reduced vacationers, but its seems like everyone is holding on to their properties, or they are being sold off market. Lots of condos and houses around here are sold off market because everyone's neighbor knows someone that wants to buy a property around Downtown (me included).
I'm not saying that you cant find a STR in NB, but you need to commit and look hard if you are serious.
@Ross Kerne I appreciate the info, I was just in NB for Thanksgiving, would love to meet up sometime. I was looking at city regulations today and I see at least two properties that should be eligible for STR, but they are around the $250k mark and have like a $150/mo HOA, so I am unsure of how much I could truly expect to make on a property there; any insight you would be willing to give on what you are seeing on rentals there?
@Chris Allen income really depends on the property and location. Your most accurate rental information would come from the listing agent or a local property manager.