All Forum Posts by: Dustin Taylor

Any lenders offering HELOC's on investment properties? Are any of these options a fixed rate?

Any lenders offering interest only loans?

Any lenders offering 5% down payment for a hard money loan on the right property?

Blue Ridge Georgia is such an amazing area! I'm curious to see who here owns a STR or property in this market. How is your property performing? What do you love about the market? How can I help you succeed with my resources and contacts across North GA as a local realtor.

PS: If you're interested in a local meet up group message me!

Hey Nick,

I know this is a old post but I thought I would shed some light on today's Blue Ridge area. STR license are still required in Blue ridge and are fairly easy to get. It does require a submission process and a once a year renewal fee. The city of blue ridge is restricted to existing licenses only. I am a local realtor in the market and own/self-manage my STRs here. Feel free to reach out with any questions. Would love to know who else in this post owns a STR in north GA and how they are performing.

@Chris Seveney 

Facts supporting when rates decline prices go up just happened in the past 2-3 years. I agree if rates rise then house prices should decline. Except there is a shortage of housing so we are not seeing this happen.

The government may do some crazy things since the economy is in a different position now I don't fully disagree. 

However the government is going to make decisions that will affect us either way. Not much we can do about that except to prepare and adjust. 

Are you scared to invest in todays real estate market because the rates are higher?? Many experienced real estate investors are purchasing more homes today then they were 1-2 yeas ago! They understand that there is fluctuation in the market and now there is much less competition.

DATE THE RATE! What does this mean?? If you ran yours numbers on a property at todays interest rate and its still cash flows then that is a deal! When rates come back down you will have the chance to refinance into a lower rate in turn making more CASHFLOW! 

It does not stop there! When rates come down we know the value of a home with increase. Now you are in a good position to refinance, cash out refinance, HELOC, or sell. Put yourself in this situation! Do something today that your future self will thank you for.

Remember: 

BUY RIGHT

LOCATION LOCATION LOCATION

Hey Hannah,

I know this is an older post but I would like to shed some light on the Blue Ridge market today. There are still deals to be found in North GA. As everyone knows property values have rocketed and interest rates are higher. Prices have rose in Blue Ridge but many STR owners thought they could come in and make easy money here. That is not how business works. Many folks are looking to get out of the STR game here because they bought wrong and need an exit plan soon. This is where I tell my clients to look. These properties are already furnished and we can come in with a lower offer to have instant equity at closing.

If the numbers work today at 7% and the property cash flows... Then that property will look amazing when the rates drop again and home prices rise!

I am speaking from experience on a few STRs I own in North GA.

That is awesome you have property there in FL. I hope the returns are looking great! I guess let me be more specific on WOW factors. Amenities do get costly and you can only have so many of them before it becomes a headache to keep up with. The biggest wow would be view/location. That's real estate in general. Location, Location, Location! If your buying in the mountains have a mountain or water front view. If you're at the beach, look for beach front. I know there is a big difference in price associated with these properties, but you know they will rent more often. Everyone can have the same amenities in the competing area, but not everyone can have the same views. 

Would love to get a few lender contacts that own real estate themselves. I find this to be very helpful, and I would love to send my investor clients to someone I know has their best interest. 

Investment Info:

Single-family residence buy & hold investment in Sevierville.

Short Term Rental

Hey Sequoia,

You're asking the right questions! There are still great deals in North Georgia today! I am a local Realtor that owns and self manages a few properties in different North Georgia markets. I would love to share some feedback of the performance of those properties. I believe in any vacation market you will need to stand out from your competition! Definitely look at properties with more of a mountain or water view. I've heard good feedback from other investors that followed this strategy. Reach out to me if you like to get a second opinion on areas to look in North Georgia.