Build or not to build

[Kyle Smith]

I know there is a lot of uncertainty coming from all directions about the next 1-3 years in short term real estate.  I am all the sudden on the fence about building.  I built a pool cabin with a great view in the Smokies and closed on it in January of this year. I have had incredible returns this year.  I just went under contract for a new lot and I’m looking to duplicate this particular cabin.   If occupancy rates stay as they are now for the next year or two, I will still cash flow around 50k-80k with this new cabin build.   Knock on wood..

Should I wait and build once we have more data about the future economy or take the plunge? My gut tells me to build and scale this thing ASAP! But there’s so much negativity out there and even the old timers are saying the incoming storm will be pretty bad.  People still vacation right now, but will they vacation at 2019 occupancies the next 2 years? Will employment tank and take the vacation market with it? What are your thoughts? Build with my proven formula or hold onto my money and wait? Thanks in advance.