All Forum Posts by: Wade Cecil

Hey, @Jake VandenAkker welcome to Asheville. I’d recommend @Josh Myrick and the property management services his company provides.

Good Luck!!

Reach out to @Josh Myrick. He's local, got a bunch of contacts, and is running his STR nearby (Fairview). Josh would be my goto if I had a STR in the area. He is very trustworthy and knowledgeable investor.

Hey everyone!

I want to purchase one or two STR's as soon as possible (Possibly in Sevierville, Pigeon Forge, Gatlinburg areas). I've researched the area and have a good understanding of the overall market.

I have 450k equity in my primary residence and about 60k in cash reserves. I am unable to STR due to neighborhood restrictions and long term rental doesn't make sense.

Here are the two options I’m considering (I’m open to other ideas):

Option 1: Take out a HELOC on my primary home. Note - I am unfamiliar with HELOC's and how it affects DTI ratio when purchasing an investment property.

Option 2: Sell my primary home and move into a family owned home for free (think 1940’s, no insulation, heated by a wood stove). This option would allow me more cash to deploy but my family would be “uncomfortable” with the living arrangements, but definitely doable.

I currently have two LTR mortgages and my primary mortgage. Thanks in advance for any advice.

@Jeremiah Cotner

Welcome to BP! I'm in the Asheville area as well and just picked up my first SFR in Cincinnati (Deer Park). Your investing goals sound very similar to mine. If you have any questions about the Asheville area (non-investment related), I would be happy to give you some tips/insight from a police officer perspective.

@Robert Medina good luck on your upcoming deals! Feel free to reach out to me when you get settled in here in Asheville. I am very familiar with WAVL. You gotta check out Universal Joint for the best burgers in town (IMO).

Hello everyone! Just wanted to take a moment to introduce myself. I'm new to real estate investing and interested in buy and hold rentals (SFR). I've worked as a Police Officer for the last 15 yrs and have a unique perspective on the community. I'm looking forward to meeting other like-minded investors. I'm an avid fan of the Bigger Pockets podcast....Keep up the good work!