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The economy continues to provide an environment for low costs for vacation and second home log cabin properties in the Great Smoky Mountain region. Cabins located in Sevier County near Gatlinburg, Pigeon Forge, and Sevierville are even now providing in this economy outstanding rental income. The log cabins are situated within an area that is one of the most visited holiday hotspots in the country. In the current real estate market, especially with the distressed property seen in all parts of the country, these log cabins may be among the best investments that are available in real estate. When all of these aspects are combined with the reality that the local economy has not been hit as hard as in other places, log cabin investment for personal vacation or for rental property may be one of the more attractive opportunities at this time. Low Prices with Positive Cash Flow for Rental Cabins As this article is being written, we are offering a group of log cabins at a little above one-half of the appraised value, or 80 percent of the last advertised price by the bank-owner. As an example, one of my favorites in this group, the seller will take $184,000. The cabin is listed for $230,000, and the tax appraisal for the cabin is $330,000. The rental income last year (2009) was $45,514. Revenues for the group vary from $24,000 to more tha $45,000 in 2009. These are being offered at a very attractive price yielding positive cash flow. Obviously, by the time this piece is in print and you have read it, this group of cabins will be gone. But, there will be more cabins in the pipeline that should offer similar appealing financial projections. Outstanding Location of Smoky Mountain Log Cabins. Millions make the trip to the vacation attractions of Sevier County, Tennessee, and they continue to come. The number of vacationers to this destination has held up well throughout the recession. They might not spend as much as in the past, but they do have to spend on lodging, and log cabins are a part of that market. The Great Smoky Mountains National Park is the most visited national park in the country. Many log cabin properties border, or are very near the park. Dollywood, the outstanding theme park, is located in Pigeon Forge. In fact, the Dollywood theme park received the 2010 Applause Award, which was accepted by Dolly Parton in Orlando in November 2010. The region abounds with restaurants, amusement venues, and shopping options for just about everything, and has all you need in terms of mountains, lakes, golf courses, and parks to permit guests to get outdoors and participate in hiking, rafting, boating, fishing, or just picnicking. So, any log cabin investment you make is going to be secured substantially by the amazing gift of nature that abounds and the outstanding investments people have made in the region. The Great Smoky Mountains region is a land of incredible beauty, friendly neighbors, low cost of living and sensible government. It is the perfect place to work, raise a family, retire, and just simply enjoy living. This place is a little slower, a whole lot friendlier, not as restrictive, and way lower when it comes to taxes. If you like mountains and lakes, together with first class attractions, you will enjoy coming to the Great Smokies for your vacations. If you like it enough, it may make sense to acquire your own log cabin and, in reality, "Own your own Vacation". You can purchase your log cabin now when prices are low, put the cabin on a rental program, and let it help pay for itself. In time, you may well move in permanently, or just for a time, while you try the area on for size, or search for your final home in the mountains. A Great Smoky Mountains log cabin investment is simple to do. Investing in a log cabin is actually similar to buying a home, either primary or second - you have it inspected, get a loan or pay with cash, and the cabin is yours! You will have standard utilities just similar to any other house. You will need to do certain standard upkeep and maintenance. You can put your log cabin in a rental program if it not situated in a resort with a Home Owners Association that takes care of maintenance. There is always obtainable a management company that will take care of cabin maintenance, either the rental company, the homeowner's association, or a maintenance organization. So, what about renting your cabin if you buy one? The majority of owners select a cabin rental business to perform this for them. The rental company typically furnishes the log cabin with sheets, towels and consumables such as soap and paper towels and napkins. The rental organization also advertises the cabin, takes reservations, performs all the billing, check-in and check-out, cleans the property and gets it prepared for the next tenant. A log cabin investment is an attractive opportunity, in spite of the economy. What about wear and tear on your cabin? Many new owners will be anxious about harsh treatment of their log cabin by renters; however, in fact, there are not many problems with damage. Nearly all vacationers that come to visit here have paid respectable money to do so - they look forward to enjoying "their" cabin, and the visitors enjoy living in it and everything about the cabin. Therefore, they generally take good care of your cabin while the visitors are here. Also, log cabins get older gracefully - the wooden logs and interior decoration of the log cabins wear well. A log cabin is certainly an investment you might want to investigate at this time, despite the slow recovery of the economy. As I have pointed out, there are several factors why they are appealing right at this moment as an investment- low cost, rental fees holding strong, and location in a well-liked holiday destination.
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A log cabin investment in the Great Smoky Mountains region is an opportunity you may want to consider at this time, regardless of the protracted restoration of the economy. Log cabins are coming to the market regularly, and are being offered at very attractive prices. Author Deborah Korlin, real estate broker and co-owner of Century 21 MVP in Sevierville, Tennessee, is very familiar with the home and log cabin investment market (deborah-korlin.c21mvp.net/) in Tennessee, especially in the Great Smoky Mountains. She is, therefore, a very good source of information and expertise. Obtain more information on real estate investment possibilities and available real estate in the Great Smoky Mountains and Knoxville, Tennessee at www.century21mvp.com.
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