Buying vs. Building As an investor, should I build or should I buy something already built? This is a great question and one I have been asked frequently over the years! As we move through the current season of real estate, buyers I speak with continue to ask me whether building a new cabin makes […]
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Why Owning Investment Property in the Great Smoky Mountains is so Affordable! There are a number of state and local government factors that contribute to how well cabins perform as rentals. These are just wonderful for Tennesseans! But they are also fantastic for our friends and family outside of our state that come to invest
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I am excited to share with you one of my favorite tax benefits on our Smoky Mountain rental properties. It is called “Accelerated Depreciation.” This accelerated depreciation has been allowed by the IRS for many years, it is just not commonly known. I remember when an accountant friend of mine told me about it. I
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How to Get a Good Deal in this Market The best way to get a good deal in this market is to purchase a property that is underperforming. Of course, you must understand and analyze correctly why it has a lackluster performance. But once you analyze that, you will be able to troubleshoot the issues
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2023: A Good Year to Invest in the Great Smokies In the last few years, the Great Smoky Mountain area has been rated by VRBO, Trip Advisor and others who track short term rental revenues as one of the top 10 places in the United States to invest. One month we were thrilled to find
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Recently I read a Forbes article that said those who have considerable wealth entering 2023 will favor purchasing real estate investments, particularly “legacy” properties – second homes that will diversify their portfolio and allow their families to enjoy the investment. I couldn’t agree more! Some interesting facts below as to why: Real estate can provide
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Many of us are excited to bring in the new year of 2023. One of the biggest questions we get from our second home owners and our investment cabin community is what does it look like for rental proceeds this next year? This is a great question! Of course, predicting is always an art and
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Our Next Market will be a Balanced Market One thing is for sure: real estate is never boring! That is even more true here in the Great Smoky Mountain market where second homes and investment properties, meaning cabins, mix up what one might think of as a more normal residential market. Even though vacation cabins
There is one big hairy question right now that is top of the mind for our clients! WHAT IN THE WORLD IS HAPPENING IN THE MARKET? I am going to answer to the best of my ability as I have a front row seat. The local market hit an all-time high in February 2022. It
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This is a great question! We are asked this every day by people looking to own vacation rental property in the Smokies. Here are some of the tips we share. 1. Start by determining your goals In fact, it would be great to write them down before you begin your search. When you are in the middle
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