Reasons To Buy Log Cabin For Sale In TN
People buy cabins for sale Gatlinburg Tn for two reasons.
The first reason is enjoyment and convenience. Many celebrities own Gatlinburg cabins. These include: Dolly Parton, Carl Ripken Jr, Katy Perry, Paula Deen, Carly Pierce and Rebecca Romjin. According to Visit My Smokies which is maintained by the city of Sevierville TN the Great Smoky Mountain Park is within one day's drive for over half the country. Data shown below in these charts published by the Nation Park Service show
Great Smoky Mountains National Park receives many times more than the Grand Cannon. July is popular for Summer vacation and October for the spectacular Fall.
In 2021 Great Smoky National Park set another record. By the end of November 2021 the total number of visitors
surpassed 13.3 million. Please click Smokies Record Breaking Year
to review the WJHL TV article.
The second and very important reason reason to buy Gatlinburg Cabins for Sale is economic.
- Rented.com in 2019 ranked the Great Smoky Mountains as the 2nd best place to have overnight rental property
- There is an excellent article by Air BnB, about investing in a Log cabin For Sale in the Smoky Mountains
- Cash Flow actual Gatlinburg Cabin for Sale
2 bed broom 2 bathroom Gatlinburg Falls
Sales Price $625,000 March 2021
2020 Gross rental receipts $68,000
20% down payment 4% 30 year fixed loan
Principal and Interest monthly $2378
- Pigeon Forge cabins with swimming pools even do better
- The IRS will allow you a treasure trove of deductions including a) interest
b) taxes c) insurance d) depreciation of Smoky Mountain cabin and furniture
e) trips to check on your Gatlinburg Tn cabin. Please consult your tax advisor.
- Long term appreciation. A typical Smoky Mountain log cabin bought in 2011 at
- Gatlinburg Falls cost $225,000. That same cabin was sold in 2021 for $600,628.
The interesting part was the seller of the Gatlinburg cabin had used under $25,000 of his own money. The Great Smoky Mountain Real Estate covered the
- At some point when you are ready to upgrade your Gatlinburg Log cabin for a Pigeon Forge swimming pool cabin for example you can do a 1031 Tax Free Exchange my Gatlinburg Cabin. This will let you defer the gain and get an even bigger cabin. Please see the section on 1031 Like Kind Exchanges by clicking on 1031 Exchange My Cabin
- Entrepreneur Magazine in a recent article rated rental properties as one of best investments for return on investment. This is link to the article Entrepreneur Magazine Article
- Realtor.com recently ranked Sevierville TN as one of the 10 best locations to buy a vacation resort property. This can be Sevierville TN homes for sale or log cabins for sale in tn. I personally prefer the log look but you can never go wrong wrong with any Gatlinburg house for sale or homes for sale Sevierville. This is the link to the article Realtor.com Sevierville
In summary you can accumulate net worth and at the same time have tax deductions by owning Tennessee Log cabins. Feel free to contact me to help you find your perfect Gatlinburg Cabin For Sale For You.