I’ve been noticing a trend going on lately since the drought, a ton of investors are starting to dump their vacation rental properties on Lake Lanier for decent prices. I can definitely understand why, you can’t rent a property to vacationers if there is no water. It’s probably not a wise idea to buy one of these properties for a vacation rental but if you are ok with living in it for a year or find a long term renter it could be become a very good investment.
Personally, I like taking risks like that mainly because I am ok living anywhere for a year as long as I have backyard and a balcony, I am good to go. I have done executive housing Atlanta and it turned out a profit for me so I would probably do that on Lake Lanier as well. I don’t have much experience with vacation rentals on Lake Lanier but if you look around on vrbo.com and look at the calendars of some of these properties to see how full they are, you can get a good idea of what rents well and how much you could possibly get for it once the water comes back.
Searching around the FMLS, I saw a few cabins that I thought were pretty interesting and they were priced below $300k.
If you would like any info on Lake Lanier Cabins for sale please contact me at firstname.lastname@example.org – Nesa Kleinheksel