Purchasing Established (and Furnished) AirBNB Property

[Lauren C.]

Hello all,

Does anyone purchase properties that are existing STR? Either furnished or unfurnished deals. Does it make any sense at all to look at this type of home, and, if so, does it ever make sense to buy sight-unseen? I live in the NE and I won't be traveling anytime soon to the SE region, where income would be vastly greater from this sort of property (generally).

Finally, if "yes", in which markets have you found success using this method?

Enormous thanks in advance!

[Justin Anderson]

It happens with 99% of the cabins in the Pigeon Forge/Gatlinburg area. And I'd expect the vast majority of these to be at least put under contract without seeing it in person.

I'd expect buying furnished to be very common in all touristy destination including ski and beach towns, but I don't have familiarity with those.