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Updated over 4 years ago on . Most recent reply

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Glenn Goranson
  • Blowing Rock, NC
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Blowing Rock, NC vacation rentals

Glenn Goranson
  • Blowing Rock, NC
Posted

Has anyone every looked at or own property in Blowing Rock, NC? My wife and I were just there and it is beautiful with some good deals on cabins right on ski mountains or off the Blue Ridge Parkway. We are thinking of investing in a vacation rental. Thanks.

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Tarun Raval
  • Novi, MI
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Tarun Raval
  • Novi, MI
Replied

Hello Glen,

I do not own cabins or vacation rentals in Blowing Rock - but do own several student rentals in Boone, NC. So far the investment has paid for itself and is cash-flow positive. Here are my observations

a) 100% occupied for 4 properties for the last 5 years.

b) Property tax is extremely low in Watauga County as compared to other places in Mid-West

c) Low GRM (Gross Rent Multiplier) and high Cap Rate

Hope this helps.

Regards

Tarun

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