OBX Rental Purchase

[Derrick Williams]

Hello, 

I am considering purchasing a short term rental in the OBX area. Can someone provide me with some insight as to how profitable this would be? Also, I'd like to know good lenders in that area. 

Thanks!

[Chris Seveney]

Quote from @Derrick Williams:

Hello, 

I am considering purchasing a short term rental in the OBX area. Can someone provide me with some insight as to how profitable this would be? Also, I'd like to know good lenders in that area. 

Thanks!

 I own some land in OBX and for years wanted to buy a rental property, but the reality is if it is strictly for rental purposes, you will not make money. OBX is a great place, but it will take a very long time to be cash positive based on its current pricing, management fees and the short season.

We were going to also use it during offseason but its just a pain to get too. Again, love the place, but would not buy there for only investment purposes.