In Blue ridge, GA STR

[James Chung]

Im newbie at this game but eager to learn and gain some experiences. I was wondering if around 200k cabin that is either 2/2 or 1/1 will make ok cash flow. I know you need to put big money in order to get big money. But since my first investment I want to start small.  let me know what you guys opinion on this.

[Priyo Lahiri]

I recently bought one in Cherry Log mountain (5 miles from Blue Ridge) and by recent i mean i closed last friday. I dont know about cash flow, but we didnt find a single cabin in that price point that didnt need another big investment to fix it up. Do you have a property that you have located?

[John Underwood]

What are you seeing on the market for this price point?

See if you can find anything first. Remember asking price and what someone will take can be very different.

Once you find something run the numbers by taking the projected income minus the projected expenses and see what the potential cash flow looks like.

[Michael Baum]

What @John Underwood said @James Chung. Start looking at similar properties on VRBO and AirBNB and see how they are priced, what their amenities are and how their calendars look.

[Brooklyn McCarty]

So many factors. 

What type of loan do you have? How much are you setting aside for cap ex? How much money are you going to have to put in to making it go live ready. 

Avery Carl’s book Short Term Rental, Long Term Wealth teaches you how to find a property and analyze. It’s worth your time as a new investor 

[Brian Barch]

Minimum to get a view in BR is $400K, and that's the minimum.  Those without water or a view are struggling in this market unless they bought pre 2021.

Unless it's a double wide, not sure I've seen places in those price ranges.  You might consider further north into Murphy, Marble, Andrews, etc. to find more bang for your buck.

But in general, BR is saturated now and I'd only advise if you can "do it right" by investing with a view, game room, true log cabin, etc.