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Updated almost 2 years ago on . Most recent reply

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42
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What do you think of this deal?

Posted

$750k property 1112 sq ft with view in the smokies  1 bedroom + loft with a killer view.The property grosses 85-95K a year. Have asked for 2019 numbers


my gut tells me nahhhhhhh. It’s wayyyyyy overpriced 

Most Popular Reply

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970
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Travis Timmons
  • Rental Property Investor
  • Ellsworth, ME
2,000
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970
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Travis Timmons
  • Rental Property Investor
  • Ellsworth, ME
Replied

No. Stop looking in the Smokies. Unless you have a personal connection, other properties, you're local to the area, or some other compelling reason, deals just don't pencil there at current prices/rates. There are still underserved markets out there. Do your own research and find them.

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