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Updated over 1 year ago, 05/03/2023
STR in Snowshoe Mountain WV
I am new here and looking to start becoming a real estate investor. I started at looking condos in Snowshoe, WV and was wondering if anyone would share their experience. There are few options many of them very cheap ( 20K-50K) for a studio or one bedroom. I went and saw a few also looked at some "cash flow" sheets from the realtor most of them are about breaking even with the snowshoe rental program. Other who are doing VRBO or other private management company seem to be brining modest cash flow ( about $5000 on a 50K condo, or so after taxes/condo fees/utilities ..no repairs)...I was thinking of buying a cheap one (20K-40K) cash anyway since looking at zillow it looks like they are at the bottom price they have ever been and worest case scenario I break even and hopefully not lose much equity...what do you think?