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Collin Hays
#4 Short-Term & Vacation Rental Discussions Contributor
  • Property Manager
  • Gatlinburg, TN
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"I realize I paid too much for this to work out...now what?"

Collin Hays
#4 Short-Term & Vacation Rental Discussions Contributor
  • Property Manager
  • Gatlinburg, TN
Posted

Earlier today, I visited with a woman from Charlotte who owns a cabin in Pigeon Forge.  She bought her cabin in a bidding war in early June.  I haven't posted a blog entry in a while, but I suspect this theme is going to be a repeating one in the coming months, so I thought a blog entry would be useful.

I bought way too high; now what? (biggerpockets.com)

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SMOKY MOUNTAIN FALLS INC.
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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
Replied

Thanks for sharing.  We are not seeing many posts on the forums these days for real purchases...mostly seeing marketing replies from the service providers that opportunity abounds.  The market is tough when the return on cost is less than the interest rate in many areas.

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