there's lots of money to sink into it. it could take a while before you see any profit. you'll have to get your feet wet and get an understanding. that place is empty. those beds are not free. what are the furniture costs? heating a place that big and open floor to roof ceiling will cost at least $100 a day in heating if not more. plus you have electric/water/sewer/insurance/internet/security services/realty taxes. and if you've never fixed a thing in your life, that will add up. appliances are not as good quality these days as they were before, so you are looking at replacing them more often. and you have to have good talent working for you. who will fix the boiler and the pipes when they burst in the winter? who will clean the place without cleaning it and you out? who will do the landscaping?
My ex and I bought a Gatlinburg cabin. In 2008 at the top. Yup. We lost our shirts :(. Looking back I had a bad feeling the day we closed and told him we shouldn't do it. I was too busy with babies at home to press him on it and he closed anyway. Ugh.
I think it was in the same neighborhood, 3level with gorgeous view. It was before the vacay apps. We played a vacay rental company to manage it. But right after we bought it the bubble burst, people STOPPED vacationing in Gatlinburg (and in general). The value of the house dropoed. We were stuck taking a second mortgage on our primary home to maintain the cabin. I was a stay at home mom. We eventually short saled. Then the divorve. That was 14 years ago and I'm still trying to catch up finsncially. Kids are almost grown and I'm hustling. Working toward passive income, already have semi passive income. I don't know if ill ever dive into real estate again. I'm so scorned. We will see. 🤷
after 10 yrs in the silicon valley grind, hitting the limit; quitting my job living in brazil going broke again and now looking for work being in utter despair questioning my decisions along the way, this is giving me hope and i thank you for that hommie.
THIS VIDEO IS GOLD. Just sent to a buddy who has been paying 20% to a “management company” in Gatlinburg. He was blown away. Keep up the great work. There is a flow to your videos that I really like.
Hello, I am doing exactly what you are in terms of job. But, I have the money but no support in sense of investments. Could we grab a quick zoom call coffee to discuss.
Can you make a video about building a house on land from scratch, investment property home renovations, and what a good inspector does that makes them worth their weight in gold?
@@johnnymmartinez my friend I have 5 acres off 398exit in Knoxville Tennessee. I did the planning process and got approved for 23 tiny homes. $36k civil work, $320k KUB. Let me know if you are interested 👍
Did you have prior experience in content creation?? The quality is really good! Honestly if you need help with anything such as creating a discord server or any additional help, feel free to contact me :) also keep up the great work
Ayyye, just found your vids yesterday. You're gunna blow up, keep goin :)
What they said ☝🏼☝🏼
Awesome content, new follower here 💪🏼
Great stuff Johnathan! How have nightly rates and occupancy been this summer (2022) in the Smokies vs last summer 2021?
Talk about all the expenses, like licenses, taxes etc, it's not that profitable
there's lots of money to sink into it. it could take a while before you see any profit. you'll have to get your feet wet and get an understanding. that place is empty. those beds are not free. what are the furniture costs? heating a place that big and open floor to roof ceiling will cost at least $100 a day in heating if not more. plus you have electric/water/sewer/insurance/internet/security services/realty taxes. and if you've never fixed a thing in your life, that will add up. appliances are not as good quality these days as they were before, so you are looking at replacing them more often. and you have to have good talent working for you. who will fix the boiler and the pipes when they burst in the winter? who will clean the place without cleaning it and you out? who will do the landscaping?
My ex and I bought a Gatlinburg cabin. In 2008 at the top. Yup. We lost our shirts :(. Looking back I had a bad feeling the day we closed and told him we shouldn't do it. I was too busy with babies at home to press him on it and he closed anyway. Ugh.
I think it was in the same neighborhood, 3level with gorgeous view. It was before the vacay apps. We played a vacay rental company to manage it. But right after we bought it the bubble burst, people STOPPED vacationing in Gatlinburg (and in general). The value of the house dropoed. We were stuck taking a second mortgage on our primary home to maintain the cabin. I was a stay at home mom. We eventually short saled. Then the divorve. That was 14 years ago and I'm still trying to catch up finsncially. Kids are almost grown and I'm hustling. Working toward passive income, already have semi passive income. I don't know if ill ever dive into real estate again. I'm so scorned. We will see. 🤷
Great content man. Keep it up! Just a tip, lower the song volume a bit 😅
after 10 yrs in the silicon valley grind, hitting the limit; quitting my job living in brazil going broke again and now looking for work being in utter despair questioning my decisions along the way, this is giving me hope and i thank you for that hommie.
Johnathan, how did you only get to put down 10% on this investment home?
THIS VIDEO IS GOLD. Just sent to a buddy who has been paying 20% to a “management company” in Gatlinburg. He was blown away. Keep up the great work. There is a flow to your videos that I really like.
Thanks for sharing!
Just found your channel today!!
I second the 1st comment you are gonna BLOW UP.!!🤑🤑
That’s the plan :)
Any updates on this one? How's the market right now?
I’m interviewing realtors in Gatlinburg. Do you recommend anyone? I’m planning to come in the market with a 1031 around May
Am I tripping or are your video names changing... Great job and not just on the video.
Thanks and as far as I know no but could be a ghost
How did you qualify for low down payment for the loan if you weren’t living there? Aren’t investment property loans are to qualify for?
This channel is awesome. I work in tech and I've been thinking about getting another job. Knowing this guy did it and made it work has motivated me
Hello,
I am doing exactly what you are in terms of job. But, I have the money but no support in sense of investments. Could we grab a quick zoom call coffee to discuss.
Not sure how I came across your channel but I'm glad I did
Can you make a video about building a house on land from scratch, investment property home renovations, and what a good inspector does that makes them worth their weight in gold?
Did you need a real estate license to do all this ?
WE NEED A 2023 UPDATE
Man! I’m building a cabin in Gatlinburg, Hazy Circle and I am in IT as well 👀 an Agile Coach. Let’s connect 👽👽👽
Sure thing, it's a wild world there, feel free to reach out Nadia
@@johnnymmartinez my friend I have 5 acres off 398exit in Knoxville Tennessee. I did the planning process and got approved for 23 tiny homes. $36k civil work, $320k KUB. Let me know if you are interested 👍
@@thomasdriskill5254 reach out via the email in my bio
Good stuff, Johnathan. Looking forward to the next vid.
Thanks 👍
Fantastic breakdown! Let me know when the Airbnb course comes out...I want in. :)
New sub here. Get it!!! I’m get into the tech field after 10yrs of nursing
How do you set up the automated pricing in the automated messaging?
Great video, do you have an Airbnb automation ebook with all this info structured and available?
where did you find this 10% down loan?
Great succinct and useful content, I can appreciate that.
Man, this channel deserves FAR more subs! Great content Johnathan
Thanks a lot and I'm working on it!
at some point the supply of Air BnBs will far outstrip the demand of renters who can afford them ...
Keep the good vids coming
Amazing investment
Smart guy!
Johnathan- You just inspired me a lot! I’d love to learn more about it. Can we connect in LinkedIn?
Did you have prior experience in content creation?? The quality is really good! Honestly if you need help with anything such as creating a discord server or any additional help, feel free to contact me :) also keep up the great work