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Updated about 3 years ago on . Most recent reply
Mechanic turned Real Estate Noob
I've been a lifelong BMW mechanic. I am now diving deep into real estate and all that jazz. I live in the Denver area now but bought by first short term rental out of state near Asheville NC. Its been a massive learning curve.
Most Popular Reply
Property is down i40 about 25 mins west of Asheville. When I lived in TN I was familiar with the smoky mountain area of TN and NC. I got connected through an agent I was working with in Denver and spoke with someone on the team in NC then decided here and numbers looked good on paper. The insane overbidding in my area was pushing homes towards 600k and it would have needed to be a house hack. I aimed for $1000 cashflow so I ended up there. Prices were nearly half and short term rental income appeared lucrative. The gross rent coming in from thanksgiving to new years is very good.