All Forum Posts by: John McGrath

Thanks everyone!

Hi Again, Would it be advisable to use HELOC for down payment/updates on a STR (from my primary)? We have some savings but not sure I'd want to use big bulk on a down payment. On other hand I get nervous using my primary for anything. Considering NC mountains (i.e. Boone area) or the Smokys. Thanks anyone for any advice :) John

Thanks everyone! @Derek Robinson we never really considered Asheville. Good to know that it performs better than Boone. If we're going that far we'd probably lean more towards Smokies I'd think but I'd consider. Good point on the weekend getaway. @Avery Carl is <$200k a possibility anymore in the Smokies? I haven't really looked in the area at all.

Good Morning, My wife and I live near Charlotte NC. We have loved visiting the mountains for last several years have always talked about owning a 2nd home. We are in position to buy but would likely only use a few days a month so primarily intent is to use as a STR. We really enjoy the Gatlinburg TN area but I think it would be too far to enjoy as a weekend spot and too difficult to self manage from that far. We have been considering Boone area. Any regulations in Boone/West Jefferson that would restrict AIRBNB/VRBO? Anyone on the forum who owns a STR there? Does it perform? Anything we should look for in our search. We'd like a cabin with a view but trying to stay around $200,000. John