All Forum Posts by: Mike Anderson

We bought in Seveierville first mostly because of the timing We close in a couple weeks then we want to get a condo. The issue is i dont want to get a condo, then have a couple dead months because i am new with no reviews and have to cover the expenses. If i get it later in the year by the time it comes up it starts picking up for spring break and i start getting into the good time of the year.

It feels to me looking at the numbers a 350k home in both seiverville or PCB you end up netting a little bit more in Seiverville if you self manage, due to the lower overall expenses, taxes and HOA do affect what you net. Of course i didn't factor in needing a new roof or something either which will eventually happen. So maybe it pans out over the course of 5-7 years of the investment. I'll be running numbers and keeping data on this so i'll give you the breakdown in 5 years lol!

 I know a way to make 15% more in one step!

Head over to https://theshorttermshop.com/p... to see the data.

You can also use www.airdna.co although i question the reliability of the data. @Avery Carl runs the short term shop and she has a realtor down there that can help with this info. We are closing soon on a Cabin in the smokies, and next up is a condo in PCB so we have done research but aren't in there yet. I think you will find they have all the info you need. 

 Honestly of course it's Hugh Hefner themed for you.... What else would it possibly be?

I like where this is headed. Kind of a game of thrones but with more moonshine, pirate ships and water parks. #WeTheNorth!

There are days I come to bigger pockets not to learn about real estate, but to just see what in the heck you are up too. You need a TV show with all this stuff.

 The place i posted above had some right out front, pretty sure they were less than 300$ they were pretty bright colors though. 

I was in Seveirville last week for inspection on my cabin and while i was driving noticed this place:

https://www.wholesalefurniture...

I stopped in and the guy seemed ok, they just moved from a smaller place to this newer larger place so they must be doing ok. They have a ton of what they call "commercial grade linens" and a ton of furniture too. A guy from cabins USA was in there picking up a large order of towels and a sofa so they are doing business with some of the larger companies. Not a recommendation because I haven't done business with them but something to maybe check out and consider. They are a little ways down wears valley road.

I looked into this back in the spring. Long story short the prices for condos don't really align with the shorter season and there are much better places to invest your money to get a better cash on cash return in my opinion. The other item was some weird tax situation with out of state folks something weird that they do. At the end of the day it just didn't seem worth it. I'll still visit, but we will take our RV!

 I am looking too for a cleaner, the one's i've contacted aren't taking on new cabins. I'll keep working it, but if anyone has recommendations feel free to shoot me a message.