Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago on . Most recent reply

Huge Profit on STR in Pigeon Forge, TN
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $415,000
Cash invested: $41,500
Sale price: $769,000
Bought this short-term rental (new construction) following a tip from a friend for $415,000 in October 2020. Had to deal with some growing pains (primarily construction related), but was able to net $32,000 in calendar year 2021.
In February 2022, I put the property on the market, and received nearly 20 offers in the first 24 hours. Ultimately, I sold the property for $769,000, turning a $354,000 profit.
How did you finance this deal?
Financed via bank loan (10% down).
Most Popular Reply

@Joshua Messinger, thanks for the kind words. Admittedly, a portion of timing the market was luck, but I'll take it. At this point, I'm moving on to long-term buy, rehab, and hold (currently investigating the Oklahoma City area).