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Updated over 4 years ago, 05/26/2020
- Investor
- Greer, SC
- 14,541
- Votes |
- 12,129
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Anyone renting STR's Downtown Greenville SC?
Curious to know what others think about local restrictions and generally how they are doing with their STR in downtown Greenville, SC?
I have checked occupancy calendars and most are sparse still and I know that has to do with the time of year.
I am doing a 100k rehab on a house in the Augusta Road Area. This is a $250/ft sell price area.
So I might sell, STR, rent to someone that wants to do STR, 1031 exchange into a VR in Pigeon Forge, Cash out refi and buy VR in Pigeon forge and add to rental portfolio as rent as a high end rental long term. Many options
Although there are many STR's listed on VRBO/Airbnb, I wonder about the STR rental laws that are only enforced by complaints (for now anyway).
Don't want to spend 10k to furnish house and then get shut down.