Thinking about Savannah for STR or MTR.

[Steve Bebek]

Have a LTR in Portland Oregon we are going to 1031 in May.

My wife just visited  visited Georgia and really liked it there.

Before this visit we were thinking of buying in central Oregon (Sunriver, Bend, Sisters, Or) prices are much different in Georgia than Oregon.

Wondering if anyone had any thoughts on STR or MTRs in Savannah, Ga.

[Joshua Austin]

Steve, I am curious to hear more about your goals We have began converting a large portion of our property to MTR. We currently have 1 in Savannah and it is doing exceedingly well. Lot of travel nurses, movie studio crew members, and working professionals. I personally love it because it is hands off like the longterm rentals with twice the rent. Currently we are getting $2400 per month for a 2/2 condo furnished that we are $65k all in for plus $8500 in furnishing. These same condos are selling for $110-120k right now but only one other friend of mine is taking advantage of the MTR option in the community. We own 12 and are beginning to convert them all.