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Started By
Message
Buying a STR in blue ridge
Posted on 8/15/23 at 9:32 am
Posted on 8/15/23 at 9:32 am
What are some of the more popular/recommended areas for STRs? Thanks
5
Posted on 8/15/23 at 9:44 am to TheOcean
following
Posted on 8/15/23 at 12:59 pm to TheOcean
Very interested in this. Blue ridge has had a ton of momentum the last couple years, and finally a few places are starting to sit on the market
Posted on 8/15/23 at 1:11 pm to TheOcean
Stop buying STRs and screwing people from buying a home
Posted on 8/15/23 at 2:36 pm to BilbeauTBaggins
You mad baw? I own a lot of STRs. Step your game up
Posted on 8/15/23 at 2:46 pm to BilbeauTBaggins
quote:
Stop buying STRs and screwing people from buying a home
"People" are more than welcome to put in an offer on a home.
Posted on 8/15/23 at 2:59 pm to TheOcean
The appalachians I'm assuming you mean? Gatlinburg, pigeon forge, etc have been some of the hardest hit areas this year with STR's. The biggest drops in occupancy and revenue.
If you don't know the area I would almost never recommend just outright buying one. Just be careful right now in that area, its very overbuilt moving forward imo. Which probably means some good deals.
If you don't know the area I would almost never recommend just outright buying one. Just be careful right now in that area, its very overbuilt moving forward imo. Which probably means some good deals.
Posted on 8/15/23 at 3:31 pm to baldona
Yeah, not too worried about the numbers. Just want something I can use and a good chunk of the mortgage is paid from the STR in peak season.
Posted on 8/16/23 at 7:41 am to TheOcean
I live in the area. I can't recommend a specific area, but I'd consider adding Ellijay to your search. Similar properties/views to be had at probably a lesser price, and it's about a 10 minute drive to Blue Ridge.
Posted on 8/16/23 at 11:06 am to h0bnail
Awesome. What do you think about Rabun gap?
Posted on 8/16/23 at 11:12 am to TheOcean
The area is FLOODED with STRs, good luck with bookings
Just saying, don't get your hopes up
Just saying, don't get your hopes up
This post was edited on 8/16/23 at 11:14 am
Posted on 8/16/23 at 11:32 am to TheOcean
quote:
Awesome. What do you think about Rabun gap?
Beautiful just like most of extreme NE GA. Just not a ton of things to do in that area. You have the Dillard House and Tallulah Falls pretty close, but that's about all. Probably a little too far out to pick up the Helen crowd.
This post was edited on 8/16/23 at 11:34 am
Posted on 8/16/23 at 2:29 pm to h0bnail
How is Ellijay? Seems like there's some decent deals there
Posted on 8/16/23 at 3:16 pm to TheOcean
quote:
How is Ellijay?
Besides just being close to BR...it has a decent little downtown, a new movie theatre, several vineyards, apple houses, a cidery, a brewhouse/tasting room on the river.
Posted on 8/16/23 at 3:34 pm to h0bnail
Is it really just 10 minutes to blue ridge? Seems super close and a hell of a lot cheaper
Posted on 8/16/23 at 3:39 pm to TheOcean
Depends where exactly in each. 15-20 might be a more average trip.
Posted on 8/17/23 at 7:58 am to TheOcean
Views are great for sure, but it's pretty far out there. 30 minutes to downtown, 40ish to where most of the vineyards are, 45 to Blue Ridge.
ETA: Here are a few places that I'd Google for driving time from the properties you're looking at. They'll give you a decent idea of the location.
River Street Tavern - Ellijay (This is downtown)
Reece's Cider Company - Ellijay (This is near most of the apple houses)
Engelheim Vineyards - Ellijay (Most of the vineyards are fairly close to one another)
Blue Ridge Scenic Railway (For downtown Blue Ridge)
ETA: Here are a few places that I'd Google for driving time from the properties you're looking at. They'll give you a decent idea of the location.
River Street Tavern - Ellijay (This is downtown)
Reece's Cider Company - Ellijay (This is near most of the apple houses)
Engelheim Vineyards - Ellijay (Most of the vineyards are fairly close to one another)
Blue Ridge Scenic Railway (For downtown Blue Ridge)
This post was edited on 8/17/23 at 8:07 am
Posted on 8/17/23 at 4:05 pm to TheOcean
quote:
You mad baw? I own a lot of STRs. Step your game up
I hope someone squats in them
Posted on 8/17/23 at 5:47 pm to h0bnail
Appreciate it. So what area would you target if you were trying to spend <600k and you wanted something with a good STR rate? We only want the STR income to cover like 60% of the mortgage so since we plan on using it quite a bit
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