All Forum Posts by: Ethan Haigler

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $135,000
Cash invested: $20,000
Sale price: $245,000

Refi cash out - High Point NC

Chris- I understand the position you are in all too well. My wife and I have been investors in the area for many years. It has been profitable for us but competition has risen in recent years so we continually work to refresh our places and marketing approaches. I’m actually also an investor in long term property rentals in Ohio so I’ve seen success in short term and long term rentals. Happy to connect further to help with suggestions. The biggest determining factors for STRs in the area are purchase or build price (and associated mortgage) vs rental expectations, that will help you determine net cash flow. There are several websites available today that will help you to calculate potential rents. We have seen a decline in occupancy and rental rates over the past couple of years because of competition in Gatlinburg, but through certain approaches, a place can still be very profitable 

Hey Chelsea- I’d love to help. My wife and I have property managed in Gatlinburg, Pigeon Forge, and Sevierville for 6 years now. I’m happy to share insight.