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Updated about 2 years ago on . Most recent reply

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2
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1
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Mukul Patel
  • Philly
1
Votes |
2
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Are the Smokey mountains still a good STR strategy?

Mukul Patel
  • Philly
Posted

Hi all,


just started out and have read and watched a few videos. I’ve been following Robuilt on YT and he mentioned national parks are great. My process would be to buy vacant land, build new, and cash out refi to continue gathering more. Is this still area still profitable and would this strategy of building new be the right way to start out? Thank you

Most Popular Reply

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223
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244
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Tyler Solomon
  • Lender
  • Austin, TX
244
Votes |
223
Posts
Tyler Solomon
  • Lender
  • Austin, TX
Replied

Absolutely, however I would look into finding a deal that does not require new construction, unless your time horizon is rather long. Much easier to find an existing property and run the numbers as is.

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