1 00:00:01,400 --> 00:00:03,667 {\an8}Please tell me that this VCR comes with the cabin. 2 00:00:03,667 --> 00:00:05,467 {\an8}[April] It does come with the cabin. 3 00:00:05,467 --> 00:00:08,900 {\an8}[narrator] Jen and Stephen have moved from pricey California to Knoxville, 4 00:00:08,967 --> 00:00:10,867 {\an8}allowing them to buy a vacation home 5 00:00:10,867 --> 00:00:12,667 {\an8}in the nearby Smoky Mountains. 6 00:00:12,667 --> 00:00:14,967 {\an8}-[April] This is your log cabin look, right? -Yes! 7 00:00:14,967 --> 00:00:17,000 {\an8}This is what I've been talking about. 8 00:00:17,000 --> 00:00:19,567 {\an8}[narrator] Jen wants a secluded family cabin, 9 00:00:19,567 --> 00:00:21,700 {\an8}but he prefers a more touristy area 10 00:00:21,767 --> 00:00:23,166 {\an8}to make some money on the place. 11 00:00:23,166 --> 00:00:25,300 {\an8}Wow, Jen. If we rented it out every day of the year, 12 00:00:25,367 --> 00:00:28,400 {\an8}we could make, like, $80,000 a year before all expenses. 13 00:00:28,467 --> 00:00:29,767 {\an8}[April] But you can't visit it 14 00:00:29,767 --> 00:00:30,000 {\an8}because it's going to rented out 15 00:00:30,000 --> 00:00:30,967 {\an8}because it's going to rented out 16 00:00:30,967 --> 00:00:31,000 {\an8}-every day of the year. -[Jen] Yeah. 17 00:00:32,266 --> 00:00:35,100 {\an8}He is amazing at looking at the numbers. 18 00:00:35,100 --> 00:00:36,900 {\an8}It's listed at 515. 19 00:00:36,967 --> 00:00:40,900 {\an8}Five-fifteen! Lady, 350. 20 00:00:40,967 --> 00:00:42,200 {\an8}-Three... -I think you should just 21 00:00:42,266 --> 00:00:43,467 {\an8}-keep an open mind. -Oh, my gosh. 22 00:00:58,367 --> 00:01:00,000 [Zachary] We did it! Let's do it again. 23 00:01:00,000 --> 00:01:00,066 [Zachary] We did it! Let's do it again. 24 00:01:00,066 --> 00:01:01,000 [Stephen] All right. Oh. 25 00:01:01,567 --> 00:01:03,467 [laughing] 26 00:01:03,467 --> 00:01:06,800 {\an8}How we met was I was sitting in church one night, 27 00:01:06,867 --> 00:01:08,767 and she sat down in front of me. 28 00:01:08,767 --> 00:01:10,867 I could only see the side of her face. 29 00:01:10,867 --> 00:01:12,000 -And that was-- -This side. 30 00:01:12,000 --> 00:01:15,500 That was enough. I knew I was going to marry her. 31 00:01:15,567 --> 00:01:17,100 I'm an aviation insurance broker. 32 00:01:17,100 --> 00:01:19,266 And I'm a former high school math teacher. 33 00:01:19,266 --> 00:01:22,467 And now I am living my dream, being a stay-at-home mom. 34 00:01:22,467 --> 00:01:24,266 {\an8}[Jen] Do you remember what any of your words are? 35 00:01:24,266 --> 00:01:25,934 {\an8}Yes. 36 00:01:25,934 --> 00:01:28,700 [Stephen] We live in Oak Ridge, Tennessee. It's outside Knoxville. 37 00:01:28,767 --> 00:01:30,000 We are from San Diego and moved here about a year ago. 38 00:01:30,000 --> 00:01:31,000 We are from San Diego and moved here about a year ago. 39 00:01:31,667 --> 00:01:35,367 We moved out of California for a variety of reasons. 40 00:01:35,367 --> 00:01:37,800 For me, cost of living was a big one. 41 00:01:37,867 --> 00:01:40,000 Our mortgage in California, honestly, 42 00:01:40,000 --> 00:01:41,767 I can't even remember the number now 43 00:01:41,767 --> 00:01:43,000 -because... -[Jen] It was high. 44 00:01:43,000 --> 00:01:45,467 ...there's few things I choose to forget. 45 00:01:45,467 --> 00:01:48,200 But I want to say it was $6,000 to $7,000 a month, 46 00:01:48,266 --> 00:01:51,967 and our mortgage now is around $2,600 a month. 47 00:01:51,967 --> 00:01:56,300 Having a much smaller mortgage here allows us to consider 48 00:01:56,367 --> 00:02:00,000 other opportunities that we never would have considered in California. 49 00:02:00,000 --> 00:02:00,400 other opportunities that we never would have considered in California. 50 00:02:00,467 --> 00:02:01,000 So for me, as we come up on that year anniversary, 51 00:02:03,166 --> 00:02:05,767 I feel like it would just be the cherry on top, 52 00:02:05,767 --> 00:02:07,967 that last little piece that's missing, 53 00:02:07,967 --> 00:02:11,500 is we've created the new life here in Tennessee, 54 00:02:11,567 --> 00:02:13,767 let's go find that vacation home 55 00:02:13,767 --> 00:02:15,467 that's actually the family cabin. 56 00:02:15,467 --> 00:02:18,500 [narrator] They're focusing on their favorite vacation spot nearby, 57 00:02:18,567 --> 00:02:19,800 the Smoky Mountains. 58 00:02:19,867 --> 00:02:22,100 {\an8}[Stephen] I like Gatlinburg. I like Pigeon Forge. 59 00:02:22,100 --> 00:02:23,800 {\an8}I'm thinking something in town 60 00:02:23,867 --> 00:02:26,100 {\an8}that has a good rental return. 61 00:02:26,100 --> 00:02:28,500 {\an8}Something that's in a lower price point. 62 00:02:28,567 --> 00:02:30,000 {\an8}We could probably get people who are also 63 00:02:30,000 --> 00:02:31,000 {\an8}We could probably get people who are also 64 00:02:31,000 --> 00:02:33,900 interested in the outdoorsy side in Townsend, 65 00:02:33,967 --> 00:02:35,567 {\an8}the quiet side of the Smokies. 66 00:02:35,567 --> 00:02:40,266 {\an8}But when you're talking lower price point, how low are we talking? 67 00:02:40,266 --> 00:02:41,467 {\an8}Three-fifty. 68 00:02:41,467 --> 00:02:44,400 {\an8}I think that we could do something really well 69 00:02:44,467 --> 00:02:48,800 {\an8}if we could get up to 400 to 450 in that range. 70 00:02:48,867 --> 00:02:50,567 {\an8}I know that that makes him cringe, 71 00:02:50,567 --> 00:02:53,567 but if we're getting the value of our family 72 00:02:53,567 --> 00:02:55,367 also being able to enjoy it, 73 00:02:55,367 --> 00:02:57,567 I mean, you can't put a monetary value on that. 74 00:02:57,567 --> 00:03:00,000 The way his brain works, he is amazing at looking at the facts and the numbers. 75 00:03:00,000 --> 00:03:01,000 The way his brain works, he is amazing at looking at the facts and the numbers. 76 00:03:02,867 --> 00:03:04,367 About four and a half years ago, 77 00:03:04,367 --> 00:03:06,767 I was diagnosed with Asperger's, 78 00:03:06,767 --> 00:03:08,700 which is no longer a term used. 79 00:03:08,767 --> 00:03:11,266 So, um, I guess I'm autistic. 80 00:03:11,266 --> 00:03:13,867 You are the numbers man, and you're great. 81 00:03:13,867 --> 00:03:15,500 And your brain just sees that. 82 00:03:15,567 --> 00:03:18,066 It's hard for me, though, to let go of 83 00:03:18,066 --> 00:03:20,567 -that family vision that I have of. -[Stephen] Mmm-hmm. 84 00:03:20,567 --> 00:03:23,500 {\an8}You know, we have the cabin in Big Bear with my parents in California, 85 00:03:23,567 --> 00:03:25,767 {\an8}and I really want to recreate that. 86 00:03:25,767 --> 00:03:30,000 {\an8}A single family cabin, not a condo. 87 00:03:30,000 --> 00:03:30,300 {\an8}A single family cabin, not a condo. 88 00:03:30,367 --> 00:03:31,000 {\an8}It could be a condo, a townhouse. 89 00:03:32,367 --> 00:03:33,734 {\an8}I like turnkey, 90 00:03:33,734 --> 00:03:37,066 {\an8}I like low-maintenance, I like low HOAs, if there's any HOAs. 91 00:03:37,066 --> 00:03:39,900 Most people, if they're looking to rent a place, 92 00:03:39,967 --> 00:03:42,367 {\an8}probably two-bedroom, two-bathroom 93 00:03:42,367 --> 00:03:44,800 {\an8}is what I think a lot of families are looking for. 94 00:03:44,867 --> 00:03:48,667 It's got to have the big fireplace. 95 00:03:48,667 --> 00:03:49,767 {\an8}Gas. 96 00:03:49,767 --> 00:03:52,266 {\an8}No. No, that's so... no. 97 00:03:52,266 --> 00:03:54,567 -[Stephen] Flip the switch and it'll work. -If you're in the woods, 98 00:03:54,567 --> 00:03:58,200 you need to have a wood-burning old-school fireplace. 99 00:03:58,266 --> 00:04:00,000 It may be a little bit stressful trying to 100 00:04:00,000 --> 00:04:01,000 It may be a little bit stressful trying to 101 00:04:01,567 --> 00:04:04,367 marry his idea of the perfect property 102 00:04:04,367 --> 00:04:08,967 and my idea of the vision of a family place. 103 00:04:11,367 --> 00:04:14,000 {\an8}[Stephen] How far is this place? We've been driving for a little while. 104 00:04:14,000 --> 00:04:16,200 -We're still a few minutes away. -Oh, my. 105 00:04:16,266 --> 00:04:18,300 [narrator] They're in the Smoky Mountains for the weekend 106 00:04:18,367 --> 00:04:21,767 and are starting off at a place in the more remote area of Townsend 107 00:04:21,767 --> 00:04:23,166 where Jen wants to buy. 108 00:04:23,166 --> 00:04:26,867 I am so excited to see this house in person. 109 00:04:26,867 --> 00:04:30,000 It looks like the quintessential log cabin. 110 00:04:30,000 --> 00:04:30,567 It looks like the quintessential log cabin. 111 00:04:30,567 --> 00:04:31,000 It also has three bedrooms instead of two. 112 00:04:33,767 --> 00:04:36,066 -Oh, wow. -So it's listed at 515. 113 00:04:36,066 --> 00:04:40,166 {\an8}Five-fifteen! Lady, 350. 114 00:04:40,166 --> 00:04:41,367 -Three... -I think you should just 115 00:04:41,367 --> 00:04:42,767 -keep an open mind. -Oh, my gosh! 116 00:04:42,767 --> 00:04:44,700 Jen, look at this road. 117 00:04:44,767 --> 00:04:46,300 [Jen] Oh, it got smaller. 118 00:04:46,367 --> 00:04:48,266 I didn't even know that that was possible. 119 00:04:48,266 --> 00:04:49,567 Is this the property? 120 00:04:52,300 --> 00:04:54,300 All right. Here we are. 121 00:04:54,367 --> 00:04:56,000 [Jen] Oh, my gosh. 122 00:04:57,567 --> 00:04:59,266 It has its own meadow. 123 00:04:59,266 --> 00:05:00,000 -Look at that. -[Stephen] Wow! 124 00:05:00,000 --> 00:05:00,400 -Look at that. -[Stephen] Wow! 125 00:05:00,467 --> 00:05:01,000 -[Jen] Wow. -Hey there, friends. 126 00:05:01,667 --> 00:05:02,700 -How are you? -Hey! 127 00:05:02,767 --> 00:05:04,867 {\an8}-Oh, hey, April. -So this is a log cabin... 128 00:05:04,867 --> 00:05:07,367 {\an8}-[Jen] Yeah. -...on the Little Tennessee River. 129 00:05:07,367 --> 00:05:11,000 [Jen] I love that we can see the river from the house. 130 00:05:11,066 --> 00:05:13,500 However, the mom's side of me, 131 00:05:13,567 --> 00:05:17,166 honestly, it's kind of an anxiety thing. 132 00:05:17,166 --> 00:05:19,400 I do have young children 133 00:05:19,467 --> 00:05:22,166 and I'm not so sure that I ever pictured 134 00:05:22,166 --> 00:05:25,567 us being so close to a body of water of any kind. 135 00:05:25,567 --> 00:05:28,300 Five-fifteen is more than we spent on our house, 136 00:05:28,367 --> 00:05:30,000 -which is like 3,000 square feet. -[April] Sure. 137 00:05:30,000 --> 00:05:30,567 -which is like 3,000 square feet. -[April] Sure. 138 00:05:30,567 --> 00:05:31,000 {\an8}[Jen] Are we gonna be able to get a lot more per night 139 00:05:32,467 --> 00:05:34,567 {\an8}to make up that difference between... 140 00:05:34,567 --> 00:05:38,100 {\an8}[April] Yes, this rents for much higher because of the space 141 00:05:38,100 --> 00:05:39,767 {\an8}that you have for guests to visit. 142 00:05:39,767 --> 00:05:41,400 {\an8}[Jen] See? Okay. 143 00:05:41,467 --> 00:05:44,767 [April] This is wood siding. This is your log cabin look, right? 144 00:05:44,767 --> 00:05:46,767 This is what I've been talking about. 145 00:05:46,767 --> 00:05:48,367 Here... I'm in trouble here. 146 00:05:48,367 --> 00:05:51,467 [April] My husband and I also moved from California, 147 00:05:51,467 --> 00:05:53,500 um, in a similar boat. 148 00:05:53,567 --> 00:05:55,200 It was very expensive to live there. 149 00:05:55,266 --> 00:05:57,000 We came here, bought a home, 150 00:05:57,000 --> 00:05:59,300 and a year and a half later bought a second home. 151 00:05:59,367 --> 00:06:00,000 So I understand what they're going through. 152 00:06:00,000 --> 00:06:01,000 So I understand what they're going through. 153 00:06:01,367 --> 00:06:04,667 I understand wanting to stay within those budget parameters. 154 00:06:04,667 --> 00:06:07,800 {\an8}I think that this would rent for about 240 for a night. 155 00:06:07,867 --> 00:06:11,767 {\an8}So although this is above their price range that they wanted to spend, 156 00:06:11,767 --> 00:06:14,800 long-term, this is a great investment. 157 00:06:14,867 --> 00:06:18,567 This does have a fireplace. It is not wood-burning, 158 00:06:18,567 --> 00:06:19,767 -however. -[Jen] Oh, my goodness. 159 00:06:19,767 --> 00:06:21,467 -[Stephen] Is this a gas fireplace? -[April] Yes. 160 00:06:21,467 --> 00:06:22,667 Oh, my gosh. I love gas fireplace. 161 00:06:22,667 --> 00:06:24,567 -[Jen] So there's a switch probably. -[April] Yes. 162 00:06:24,567 --> 00:06:29,000 I love the classic, putting the logs on the fire 163 00:06:29,000 --> 00:06:30,000 and just the crackling and everything. 164 00:06:30,000 --> 00:06:30,867 and just the crackling and everything. 165 00:06:30,867 --> 00:06:31,000 [April] How do you feel about the size of this room? 166 00:06:32,767 --> 00:06:37,266 I think you could get another couch along this wall here 167 00:06:37,266 --> 00:06:40,967 and everybody would be able to sit around and hang out. 168 00:06:40,967 --> 00:06:42,667 [April] So this one does come fully furnished. 169 00:06:42,667 --> 00:06:44,200 So you're getting what you see. 170 00:06:44,266 --> 00:06:45,700 [Stephen] Jen, at this price point, 171 00:06:45,700 --> 00:06:48,867 we're not, we're not, we're not getting that couch anytime soon. 172 00:06:50,100 --> 00:06:53,066 [Jen] So couldn't you see us here at night 173 00:06:53,066 --> 00:06:56,100 playing card games and things like that? 174 00:06:56,100 --> 00:06:58,066 Yes. I'm actually curious 175 00:06:58,066 --> 00:07:00,000 what the condition of the table is underneath. Oh, it's nice. 176 00:07:00,000 --> 00:07:00,667 what the condition of the table is underneath. Oh, it's nice. 177 00:07:00,667 --> 00:07:01,000 [Jen] Yeah, it looks like they're in pretty good shape. 178 00:07:02,567 --> 00:07:05,767 [Stephen] Yeah, the kitchen itself is awesome. 179 00:07:07,567 --> 00:07:09,200 {\an8}[April] So this is the first bedroom. 180 00:07:09,266 --> 00:07:10,500 {\an8}[Stephen] This is a good-sized room. 181 00:07:10,567 --> 00:07:13,166 {\an8}[April] Right? So the bathroom 182 00:07:13,166 --> 00:07:16,767 still has the granite countertops, right? 183 00:07:16,767 --> 00:07:18,567 -And a walk-in shower. -[Jen] It matches the kitchen. 184 00:07:18,567 --> 00:07:21,667 So it's very cohesive. 185 00:07:21,667 --> 00:07:25,100 [April] Okay, so let's go ahead and go to the other side of the home 186 00:07:25,100 --> 00:07:28,567 where we're gonna find the other two bedrooms and bathroom. 187 00:07:28,567 --> 00:07:30,000 It is a full bathroom. 188 00:07:30,000 --> 00:07:30,667 It is a full bathroom. 189 00:07:30,667 --> 00:07:31,000 -So there's a tub for kids. -[Jen] Yeah. 190 00:07:32,967 --> 00:07:36,200 -This reminds me of the... -The Big Bear cabin? 191 00:07:36,266 --> 00:07:37,800 ...the bathroom in the Big Bear cabin. 192 00:07:37,800 --> 00:07:40,500 -It does. This reminds me of my parents' cabin. -[Stephen] In California. 193 00:07:40,567 --> 00:07:42,000 [Jen] See, he's starting to see the vision. 194 00:07:42,066 --> 00:07:43,567 [April] He's starting to feel the nostalgia. 195 00:07:43,567 --> 00:07:45,767 Oh, I'm... I'm getting worried. I'm getting worried. 196 00:07:45,767 --> 00:07:47,066 [April] The third bedroom. 197 00:07:47,066 --> 00:07:49,066 -[Jen] A bed for Nathan and Zacky. -[Stephen] Yep. 198 00:07:49,066 --> 00:07:50,767 -[Jen] It's already ready for them. -[April] Yeah. 199 00:07:50,767 --> 00:07:53,100 -This house is awesome. -[April] It is. 200 00:07:53,100 --> 00:07:55,667 [Jen] I think we're seeing why you brought us out here. Because we were... 201 00:07:55,667 --> 00:07:57,567 [April] Because this is all the things that you want. 202 00:07:57,567 --> 00:08:00,000 -And this is how much it'll cost to get it. -No, no, no, no. No. No. 203 00:08:00,000 --> 00:08:01,000 -And this is how much it'll cost to get it. -No, no, no, no. No. No. 204 00:08:03,266 --> 00:08:06,800 Three bedrooms would be great from a rentability point of view, 205 00:08:06,867 --> 00:08:10,467 but I'm not sure it justifies putting ourselves in that risk category 206 00:08:10,467 --> 00:08:13,100 in terms of the loan that we'd have to put on this house 207 00:08:13,166 --> 00:08:15,100 and what that might do to our finances. 208 00:08:18,367 --> 00:08:20,400 [Jen] The outside is beautiful. 209 00:08:20,467 --> 00:08:24,667 The inside with the wood feels cozy and rustic. 210 00:08:24,667 --> 00:08:26,700 [Stephen] So rentability. Wow. 211 00:08:26,767 --> 00:08:28,700 Jen, if we rented it out every day of the year, we could, 212 00:08:28,767 --> 00:08:30,000 we could make like $80,000 a year before all the expenses. 213 00:08:30,000 --> 00:08:31,000 we could make like $80,000 a year before all the expenses. 214 00:08:31,967 --> 00:08:33,600 [April] But you can't visit it because 215 00:08:33,667 --> 00:08:35,467 -it's gonna rented out every day of the year. -Yeah. 216 00:08:35,467 --> 00:08:37,066 I mean, you might, 217 00:08:37,066 --> 00:08:39,266 you might be cash flow positive. 218 00:08:39,266 --> 00:08:41,166 I'm really concerned about the price point, though. 219 00:08:41,166 --> 00:08:44,767 We... we worked really hard to get out of 220 00:08:44,767 --> 00:08:48,767 sort of the financial burden we were under, moved here. 221 00:08:48,767 --> 00:08:51,000 Don't really want two big mortgages. 222 00:08:51,000 --> 00:08:53,266 So do you have something else you can show us? 223 00:08:53,266 --> 00:08:58,867 So in terms of can Stephen kind of take a step back 224 00:08:58,867 --> 00:09:00,000 from focusing on the price, I'm not so sure. 225 00:09:00,000 --> 00:09:01,000 from focusing on the price, I'm not so sure. 226 00:09:01,767 --> 00:09:06,166 It's very difficult for him to separate that emotional side 227 00:09:06,166 --> 00:09:08,400 from the reality of the financial situation. 228 00:09:16,000 --> 00:09:17,767 {\an8}[Stephen] Tell me what I need to know. Lay it on me. 229 00:09:17,767 --> 00:09:21,166 {\an8}Well, first of all, you are getting to see a condo. 230 00:09:21,166 --> 00:09:22,800 {\an8}-Woo-hoo! -Which I know is 231 00:09:22,867 --> 00:09:25,567 {\an8}definitely something that's been on your list. 232 00:09:25,567 --> 00:09:27,300 [narrator] Today, Stephen and Jen are 233 00:09:27,367 --> 00:09:31,100 {\an8}seeing a vacation home in the Smoky Mountain tourist town of Gatlinburg. 234 00:09:31,100 --> 00:09:32,900 [Jen] Listed at 300,000. 235 00:09:32,967 --> 00:09:35,066 {\an8}Oh, my gosh. Book it down. Let's do it. 236 00:09:35,066 --> 00:09:36,900 {\an8}Wow, 1,500 square feet. 237 00:09:36,967 --> 00:09:39,166 That's huge. What about HOA? 238 00:09:39,166 --> 00:09:40,016 {\an8}Five-fifty a month. 239 00:09:40,016 --> 00:09:40,667 {\an8}Five-fifty a month. 240 00:09:40,667 --> 00:09:41,000 {\an8}-Holy cow! -That's insane. 241 00:09:42,567 --> 00:09:46,667 {\an8}That's more than what we were paying at our home in California. 242 00:09:46,667 --> 00:09:48,867 That's a lot of money. You'd have to rent out, like, 243 00:09:48,867 --> 00:09:52,467 several days in the month just to even get to even. 244 00:09:55,667 --> 00:09:57,300 [Jen] All right. I think this is it. 245 00:09:57,367 --> 00:09:59,400 It kind of looks like a log cabin. 246 00:09:59,467 --> 00:10:02,667 It's not super hotel feeling. 247 00:10:02,667 --> 00:10:04,467 -[April] Hello, friends. -[Jen] Hey! 248 00:10:04,467 --> 00:10:06,800 [Stephen] Finally got Jen to see a condo. I'm excited. 249 00:10:06,867 --> 00:10:09,467 [April] Yes, and there's logs all over. 250 00:10:09,467 --> 00:10:10,016 All right, well, let's go inside and see what a condo in Gatlinburg looks like. 251 00:10:10,016 --> 00:10:11,000 All right, well, let's go inside and see what a condo in Gatlinburg looks like. 252 00:10:13,367 --> 00:10:16,000 Gatlinburg is a really great choice 253 00:10:16,000 --> 00:10:17,700 for a short-term rental because 254 00:10:17,767 --> 00:10:20,667 it is one of the number one most visited 255 00:10:20,667 --> 00:10:22,467 vacation destinations 256 00:10:22,467 --> 00:10:24,700 in the United States of America without a beach. 257 00:10:24,767 --> 00:10:26,800 {\an8}[Jen] Oh. Okay. 258 00:10:27,900 --> 00:10:29,467 {\an8}You walk right into the kitchen. Okay. 259 00:10:29,467 --> 00:10:32,367 [April] So you do have the kitchen, the dining room and the living room, 260 00:10:32,367 --> 00:10:34,667 right as you walk into the front. 261 00:10:34,667 --> 00:10:39,266 It does, of course, come with all of the appliances, um, and they are newer. 262 00:10:39,266 --> 00:10:40,016 -[Stephen] Backsplash is great. -[April] Mmm-hmm. 263 00:10:40,016 --> 00:10:40,900 -[Stephen] Backsplash is great. -[April] Mmm-hmm. 264 00:10:40,967 --> 00:10:41,000 The dining room is a little bit smaller. 265 00:10:43,100 --> 00:10:44,900 [Jen] Yeah. I don't know if I'd call it a dining room. 266 00:10:44,967 --> 00:10:49,000 [April] Okay. Well, it is a... it's a dining area, right? 267 00:10:49,000 --> 00:10:51,166 But you do puzzles, is that correct? 268 00:10:51,166 --> 00:10:53,066 -You know, so... -There you go. It's the puzzle table. 269 00:10:53,066 --> 00:10:55,166 -...it could be the puzzle table. -[Jen] Okay. 270 00:10:55,166 --> 00:10:58,400 [April] And so this is the living room. It does have the vaulted ceilings. 271 00:10:58,467 --> 00:11:01,500 The fireplace extends to the ceiling. It is gas. 272 00:11:01,567 --> 00:11:05,467 I guess it would be kind of hard to find a wood-burning fireplace 273 00:11:05,467 --> 00:11:08,467 -in a condo that has people below you... -Right. 274 00:11:08,467 --> 00:11:10,016 ...and on the sides. So 275 00:11:10,016 --> 00:11:10,400 ...and on the sides. So 276 00:11:10,467 --> 00:11:11,000 I'm not crazy about that. 277 00:11:12,166 --> 00:11:16,800 I wish it was log, but at least it is a very nice fireplace. 278 00:11:16,867 --> 00:11:18,467 [April] This does come fully furnished. 279 00:11:18,467 --> 00:11:20,300 -[Stephen] Nice! -[April] Yeah. 280 00:11:20,367 --> 00:11:23,567 [Jen] I don't know if I was expecting this big of an outdoor space. 281 00:11:23,567 --> 00:11:25,500 [April] You do have views of the Smoky Mountains. 282 00:11:25,567 --> 00:11:29,867 [Jen] And of all the people's cabins that are right here. 283 00:11:29,867 --> 00:11:31,400 [April] Yes. Yes. 284 00:11:31,467 --> 00:11:33,500 That's true. But they are log cabins, right? 285 00:11:33,567 --> 00:11:35,667 {\an8}-They are log cabins, so... -Yes. 286 00:11:35,667 --> 00:11:39,400 {\an8}But I want to be in the log cabin, not looking at the log cabin. 287 00:11:42,100 --> 00:11:45,700 [April] So when you come in and immediately go to the right, 288 00:11:45,767 --> 00:11:47,166 there is a full size bathroom. 289 00:11:47,166 --> 00:11:48,500 -[Jen] Oh! -[Stephen] Oh! 290 00:11:48,567 --> 00:11:51,066 [Jen] Yeah. Right here, and it has the tub. 291 00:11:51,066 --> 00:11:54,000 [April] The very first bedroom is pretty big. 292 00:11:54,066 --> 00:11:57,767 They have a full size bed in here. Large furniture. 293 00:11:57,767 --> 00:11:59,600 I do like the furniture because... 294 00:11:59,667 --> 00:12:00,867 [April] The furniture is beautiful. 295 00:12:00,867 --> 00:12:02,667 ...this feels like I'm in a cabin 296 00:12:02,667 --> 00:12:05,166 and it has the beautiful wood on the doors. 297 00:12:05,166 --> 00:12:08,467 [April] And at this price, to be able to have furniture that 298 00:12:08,467 --> 00:12:10,016 works with the room that you enjoy is... 299 00:12:10,016 --> 00:12:10,567 works with the room that you enjoy is... 300 00:12:10,567 --> 00:12:11,000 [Stephen] You might be in trouble. You might be in trouble. 301 00:12:13,367 --> 00:12:17,166 ...is financially, this is, this is a gem. 302 00:12:18,367 --> 00:12:19,500 [Stephen] This is huge. 303 00:12:19,567 --> 00:12:21,166 [April] It is very large. 304 00:12:21,166 --> 00:12:22,767 [Stephen] Oh, my gosh. 305 00:12:22,767 --> 00:12:24,500 [Jen] There's an arch in the bathroom. 306 00:12:24,567 --> 00:12:25,700 [Stephen] Oh, my gosh. 307 00:12:25,767 --> 00:12:26,767 [Jen] Look at this. 308 00:12:28,066 --> 00:12:29,967 Hello, April. [laughter] 309 00:12:31,800 --> 00:12:34,767 -That's really interesting. -Oh, and a walk-in shower. 310 00:12:34,767 --> 00:12:37,066 [Jen] Oh, wow. That is huge. 311 00:12:37,066 --> 00:12:38,300 [Stephen] This is a great space. 312 00:12:38,367 --> 00:12:40,016 [Jen] That is really impressive. 313 00:12:40,016 --> 00:12:40,166 [Jen] That is really impressive. 314 00:12:40,166 --> 00:12:41,000 This is a fantastic main suite. 315 00:12:43,166 --> 00:12:44,567 -[April] Yeah. -I'm shocked. 316 00:12:44,567 --> 00:12:49,266 I was not expecting to see something this large in a condo. 317 00:12:49,266 --> 00:12:50,467 I want to see what the loft area-- 318 00:12:50,467 --> 00:12:51,700 [April] We do have a flex room. 319 00:12:51,767 --> 00:12:54,567 -Let me show you that next. -[Stephen] Let's take a look. 320 00:12:54,567 --> 00:12:58,266 [April] It is pretty big. It sits above the main bedroom. 321 00:12:58,266 --> 00:13:02,367 You could put a door and wall it off if you wanted a third bedroom. 322 00:13:02,367 --> 00:13:03,867 [April] You could. 323 00:13:03,867 --> 00:13:07,166 I think the kids would actually really think this is an awesome space. 324 00:13:09,000 --> 00:13:10,016 -[Stephen] So let's talk. -[April] So, okay. 325 00:13:10,016 --> 00:13:10,667 -[Stephen] So let's talk. -[April] So, okay. 326 00:13:10,667 --> 00:13:11,000 [Stephen] What are my numbers? 327 00:13:12,166 --> 00:13:14,567 {\an8}[April] So this one's about 240 in the summer. 328 00:13:14,567 --> 00:13:15,967 {\an8}Oh, my gosh. Really? 329 00:13:16,000 --> 00:13:18,266 {\an8}[April] So that's pretty good. You're only about 15 minutes away 330 00:13:18,266 --> 00:13:20,467 from all the major action in Gatlinburg. 331 00:13:20,467 --> 00:13:24,767 And then you're, and then you're another ten minutes away from Pigeon Forge. 332 00:13:24,767 --> 00:13:26,266 But we got to take off the HOA, 333 00:13:26,266 --> 00:13:29,166 so that's like, that's like seven grand right there. 334 00:13:29,166 --> 00:13:30,367 [Jen] Wow. 335 00:13:30,367 --> 00:13:32,200 So that's a lot. But if it's really netting 336 00:13:32,266 --> 00:13:35,000 that kind of money at this price, I mean, goodness gracious. 337 00:13:35,066 --> 00:13:37,900 It's a lower amount out of pocket initially, right? 338 00:13:37,967 --> 00:13:40,016 And granted, you are going to pay the higher HOA, 339 00:13:40,016 --> 00:13:40,166 And granted, you are going to pay the higher HOA, 340 00:13:40,166 --> 00:13:41,000 but a couple of nights a month has paid the HOA. 341 00:13:43,266 --> 00:13:45,467 [Jen] It's hard to read Stephen sometimes, 342 00:13:45,467 --> 00:13:48,100 but I have a pretty good idea how his brain is working 343 00:13:48,166 --> 00:13:51,700 and I think he's ready to just push for this one 344 00:13:51,767 --> 00:13:53,567 to be the one that we choose. 345 00:13:53,567 --> 00:13:56,700 I think that this is a wonderful condo, 346 00:13:56,767 --> 00:14:00,266 but just isn't the vision that I had in terms of having 347 00:14:00,266 --> 00:14:03,367 that single family cabin that would really work for our family. 348 00:14:10,800 --> 00:14:12,367 {\an8}It's just so pretty here. 349 00:14:12,367 --> 00:14:14,900 {\an8}[narrator] With only one day left before heading home, 350 00:14:14,967 --> 00:14:19,266 Jen and Stephen are back in the remote area of Townsend to see one more place. 351 00:14:19,266 --> 00:14:23,767 {\an8}This one is in a community which is a little different. 352 00:14:23,767 --> 00:14:26,667 {\an8}I'm not so sure about that because 353 00:14:26,667 --> 00:14:30,367 {\an8}there are other houses and cabins around. 354 00:14:30,367 --> 00:14:31,667 {\an8}How much is this property? 355 00:14:31,667 --> 00:14:33,266 {\an8}Four-ten. 356 00:14:33,266 --> 00:14:35,244 {\an8}So not... not with a three number. 357 00:14:35,244 --> 00:14:35,767 {\an8}So not... not with a three number. 358 00:14:35,767 --> 00:14:36,000 Is that it? 359 00:14:38,000 --> 00:14:39,367 Yeah, I think that's it. 360 00:14:42,000 --> 00:14:43,200 Wow! 361 00:14:43,266 --> 00:14:45,100 Super green, babe. 362 00:14:45,166 --> 00:14:47,166 [Jen] We're definitely in the mountains, right? 363 00:14:47,166 --> 00:14:49,166 [Stephen] Yep. Pretty far from the road. 364 00:14:49,166 --> 00:14:51,867 -[Jen laughs] -[Jen] It does blend into the trees a bit. 365 00:14:51,867 --> 00:14:53,166 [April] Hey, guys. How are you? 366 00:14:53,166 --> 00:14:54,567 -[Stephen] Oh, hey, April. -[Jen] April. 367 00:14:54,567 --> 00:14:57,467 I know, I know. It's not a log cabin, but it is, 368 00:14:57,467 --> 00:14:59,200 it is a cabin in the mountains, 369 00:14:59,266 --> 00:15:01,166 in the beautiful foothills of the Smoky Mountains. 370 00:15:01,166 --> 00:15:05,066 So let's try to embrace it a little bit and see what it has to offer for you. 371 00:15:05,066 --> 00:15:05,244 -All right. -[Jen] All right. 372 00:15:05,244 --> 00:15:06,000 -All right. -[Jen] All right. 373 00:15:06,667 --> 00:15:08,700 -I'm ready to see what's inside, at least. Let's do it. -[April] All right. 374 00:15:08,767 --> 00:15:11,400 Well, let's come on up. You can see the Smoky Mountains from... 375 00:15:12,500 --> 00:15:14,800 Get your own chair. 376 00:15:14,867 --> 00:15:16,367 [Stephen] It does have a good mountain view. 377 00:15:16,367 --> 00:15:18,467 [Jen] I mean, this is what it's all about right here. 378 00:15:18,467 --> 00:15:21,266 {\an8}[April] So not a log cabin on the outside. However, 379 00:15:21,266 --> 00:15:24,567 {\an8}we have the log cabin feel on the inside. Sure. 380 00:15:24,567 --> 00:15:26,266 -This is kind of unique. -It is. 381 00:15:26,266 --> 00:15:27,500 -It's textured. -Little rustic. 382 00:15:27,567 --> 00:15:29,967 [April] This one even has a wood-burning fireplace. 383 00:15:29,967 --> 00:15:32,600 {\an8}So not a gas one. 384 00:15:32,667 --> 00:15:34,367 It's a real fire for Christmas. 385 00:15:34,367 --> 00:15:35,244 Oh, my gosh. It just really 386 00:15:35,244 --> 00:15:36,000 Oh, my gosh. It just really 387 00:15:36,266 --> 00:15:40,100 has that homey feel to me that I'm really looking for. 388 00:15:40,166 --> 00:15:43,266 I know you may not be crazy about it being real fire, though. 389 00:15:43,266 --> 00:15:46,066 [Stephen] I do like a gas fireplace. It's less work. 390 00:15:46,066 --> 00:15:48,000 [April] So this one does come fully furnished. 391 00:15:48,066 --> 00:15:50,367 Everything you see comes with the purchase. 392 00:15:50,367 --> 00:15:53,667 [Jen] Please tell me that this VCR comes with the cabin. 393 00:15:53,667 --> 00:15:55,066 [April] It does come with the cabin. 394 00:15:55,066 --> 00:15:57,867 [Jen] I don't think our kids even know what a tape is. 395 00:15:57,867 --> 00:16:01,567 [April] Well, but I have some from the '80s and I'll be happy to loan them to you. 396 00:16:01,567 --> 00:16:03,800 [laughs] 397 00:16:03,867 --> 00:16:05,244 The appliances are a bit dated, but they are in all working order. 398 00:16:05,244 --> 00:16:06,000 The appliances are a bit dated, but they are in all working order. 399 00:16:07,100 --> 00:16:10,100 [Jen] Yeah. I was going to say I haven't seen an electric stove 400 00:16:10,166 --> 00:16:12,300 -top with the coils... -With the coils. 401 00:16:12,367 --> 00:16:14,000 ...in a really long time. 402 00:16:14,000 --> 00:16:16,667 This is like my grandparents' kitchen. 403 00:16:16,667 --> 00:16:18,467 It wouldn't be too much to make this... 404 00:16:18,467 --> 00:16:20,367 -[April] What you want it to be. -[Jen] ...what I want. 405 00:16:20,367 --> 00:16:21,667 [Stephen] We'd have to talk about it. 406 00:16:21,667 --> 00:16:23,300 [April] This would be the guest bathroom. 407 00:16:23,367 --> 00:16:24,767 [Stephen] This is a full bathroom, babe. 408 00:16:24,767 --> 00:16:27,867 [Jen] It's kind of a little dingy. 409 00:16:27,867 --> 00:16:30,166 [April] This is the additional bedroom. 410 00:16:30,166 --> 00:16:32,867 Lots of light, big windows. I love that. 411 00:16:32,867 --> 00:16:34,767 [Stephen] It's big enough. 412 00:16:34,767 --> 00:16:35,244 -[Jen] Big enough. -[Stephen] Big enough. 413 00:16:35,244 --> 00:16:36,000 -[Jen] Big enough. -[Stephen] Big enough. 414 00:16:37,867 --> 00:16:39,567 {\an8}[Jen] Big space. I must say, 415 00:16:39,567 --> 00:16:43,166 {\an8}I don't think I've seen a three-inch bar on a Vallance in a long time. 416 00:16:43,166 --> 00:16:45,700 Well, it could be yours for the low, low price of 10,000 dollars. 417 00:16:45,767 --> 00:16:47,066 Yeah. Okay. 418 00:16:47,066 --> 00:16:48,867 [Stephen] Well, there's a bathroom back here, babe. 419 00:16:48,867 --> 00:16:50,567 [April] So there is a bathroom. 420 00:16:50,567 --> 00:16:54,266 Oh, wow! That is a huge tub. 421 00:16:54,266 --> 00:16:56,900 [April] That is one of those things that guests love when they're on vacation. 422 00:16:59,400 --> 00:17:00,567 [Jen] Well... 423 00:17:00,567 --> 00:17:01,800 [laughs] 424 00:17:01,867 --> 00:17:04,967 I'm not sure that this is what I envisioned 425 00:17:04,967 --> 00:17:05,244 for enjoying this, but the view is beautiful. 426 00:17:05,244 --> 00:17:06,000 for enjoying this, but the view is beautiful. 427 00:17:08,367 --> 00:17:09,967 Although, hello, neighbors. 428 00:17:09,967 --> 00:17:11,166 [Stephen] Yeah. 429 00:17:11,166 --> 00:17:12,500 [April] You would have to make friends. 430 00:17:12,567 --> 00:17:14,100 'Cause of the area that it's in, 431 00:17:14,166 --> 00:17:16,000 there are a couple of bear caves in this neighborhood. 432 00:17:16,066 --> 00:17:17,567 -[Jen] Bears? -[Stephen] Bears? 433 00:17:17,567 --> 00:17:20,100 Yeah. You will see bears in this neighborhood. 434 00:17:20,100 --> 00:17:21,867 Turkeys run wild through here. 435 00:17:26,467 --> 00:17:29,800 [Jen] Not that log cabin appeal. 436 00:17:29,867 --> 00:17:32,000 -That's what I have in my mind. -[April] I know, I know. 437 00:17:32,000 --> 00:17:34,667 But it's hard because I have that vision and it's like, 438 00:17:34,667 --> 00:17:35,244 "Can I let go of that vision? 439 00:17:35,244 --> 00:17:36,000 "Can I let go of that vision? 440 00:17:36,367 --> 00:17:39,100 -Can I, you know, transform it?" -You should. 441 00:17:39,100 --> 00:17:40,300 You should let go. 442 00:17:40,367 --> 00:17:41,867 -No. -[April] Just buy a condo. 443 00:17:41,867 --> 00:17:43,567 Condo, Gatlinburg. 444 00:17:43,567 --> 00:17:47,100 So, um, we're gonna need to learn more about the numbers on this one. 445 00:17:47,166 --> 00:17:50,600 {\an8}[April] Yeah. And it brings upwards of $120 a night for a rental. 446 00:17:50,667 --> 00:17:51,934 {\an8}[Jen] Okay. 447 00:17:51,934 --> 00:17:56,166 If we rent it out every day of the year, we can make 43,800. 448 00:17:56,166 --> 00:17:59,900 I am concerned that the rental rates 449 00:17:59,967 --> 00:18:04,100 that we get won't offset the cost that we put into it. 450 00:18:04,100 --> 00:18:05,244 So that is definitely a concerning aspect of this particular property. 451 00:18:05,244 --> 00:18:06,000 So that is definitely a concerning aspect of this particular property. 452 00:18:07,967 --> 00:18:10,166 [narrator] So now they have to make a choice. 453 00:18:10,166 --> 00:18:12,667 We should probably start narrowing it down at least. 454 00:18:20,166 --> 00:18:22,767 {\an8}That was a lot of properties that we've seen. 455 00:18:22,834 --> 00:18:24,266 {\an8}It's a little overwhelming. 456 00:18:24,266 --> 00:18:26,066 {\an8}[narrator] Jen and Stephen have saved up 457 00:18:26,066 --> 00:18:28,166 {\an8}to buy a vacation home for their family 458 00:18:28,233 --> 00:18:29,834 {\an8}near the Smoky Mountains. 459 00:18:29,834 --> 00:18:32,367 Now they're ready to pick one. 460 00:18:32,367 --> 00:18:35,667 {\an8}[Jen] Let's start with the cabin that was right on the river. 461 00:18:35,667 --> 00:18:36,967 {\an8}That was incredible. 462 00:18:36,967 --> 00:18:38,500 {\an8}I mean, it was 463 00:18:38,567 --> 00:18:40,233 definitely my 464 00:18:40,233 --> 00:18:44,133 quintessential log cabin, secluded. 465 00:18:44,133 --> 00:18:44,393 And it had the third bedroom. 466 00:18:44,393 --> 00:18:45,000 And it had the third bedroom. 467 00:18:45,767 --> 00:18:48,667 {\an8}Which might give us a little more money 468 00:18:48,734 --> 00:18:50,133 {\an8}on the rentability side. 469 00:18:50,133 --> 00:18:52,133 {\an8}The price, though, was up there. 470 00:18:52,133 --> 00:18:57,934 {\an8}So is the amount we're going to get enough to outweigh the increased money? 471 00:18:57,934 --> 00:19:00,867 {\an8}So how about that condo cabin? 472 00:19:00,934 --> 00:19:03,734 {\an8}[Jen] Oh, the condo. Your condo. 473 00:19:03,734 --> 00:19:05,400 Yeah. You know, calling it a cabin 474 00:19:05,467 --> 00:19:08,934 because it had some logs outside on the railings for you. 475 00:19:08,934 --> 00:19:11,367 {\an8}You can't beat that $300,000 price. 476 00:19:11,367 --> 00:19:12,600 {\an8}[Jen] I will give you that. 477 00:19:12,667 --> 00:19:14,393 {\an8}However, how about those HOA fees? 478 00:19:14,393 --> 00:19:15,000 {\an8}However, how about those HOA fees? 479 00:19:15,233 --> 00:19:17,266 {\an8}High is an understatement. 480 00:19:17,266 --> 00:19:19,166 From a rentability standpoint, 481 00:19:19,166 --> 00:19:22,867 {\an8}I mean, you know, we're probably talking 200-plus a night average. 482 00:19:22,934 --> 00:19:25,867 {\an8}What did you think about that house on the hill? 483 00:19:25,934 --> 00:19:29,867 {\an8}You know, it wasn't perfect in terms of 484 00:19:29,867 --> 00:19:34,600 {\an8}that log cabin that I was picturing, but the price was a lot nicer. 485 00:19:34,667 --> 00:19:37,600 {\an8}[Stephen] More in your range, not quite down to my range. 486 00:19:37,667 --> 00:19:40,133 {\an8}I'm a little concerned about the rentability of that place. 487 00:19:40,133 --> 00:19:42,567 {\an8}And don't forget, I feel like that one's gonna have some 488 00:19:42,567 --> 00:19:44,393 serious money that you're gonna have to put into it. 489 00:19:44,393 --> 00:19:44,467 serious money that you're gonna have to put into it. 490 00:19:52,600 --> 00:19:53,867 [doorbell rings] 491 00:19:53,934 --> 00:19:56,000 Where should the rug go? What are we thinking? 492 00:19:56,000 --> 00:19:57,867 Here, come help me. 493 00:19:57,867 --> 00:19:59,100 {\an8}[Stephen] So we chose... 494 00:19:59,100 --> 00:20:00,600 {\an8}[Jen] The house on the hill. 495 00:20:00,600 --> 00:20:06,567 {\an8}This property was listed 410, and we ended up buying it for $418,500. 496 00:20:06,567 --> 00:20:08,834 Open it that way. Okay, that's fine. 497 00:20:08,834 --> 00:20:11,233 How many boys does it take to open a tent? 498 00:20:11,233 --> 00:20:13,100 -How many men? -[Jen laughs] 499 00:20:13,100 --> 00:20:14,393 What makes Jen and I a great match 500 00:20:14,393 --> 00:20:15,000 What makes Jen and I a great match 501 00:20:15,734 --> 00:20:18,367 when it comes to looking at a second home, 502 00:20:18,367 --> 00:20:21,367 real estate investment, um, is 503 00:20:21,367 --> 00:20:26,000 Jen's naturally talented at emotional side of things, 504 00:20:26,000 --> 00:20:28,467 how will people love a property. 505 00:20:28,467 --> 00:20:31,967 She's amazing at that. And my, and my side of things is numbers. 506 00:20:31,967 --> 00:20:35,867 So, um, I think together we're usually able to kind of figure things out. 507 00:20:35,934 --> 00:20:39,600 You know, I didn't get the 515 cabin 508 00:20:39,667 --> 00:20:44,393 that was beautiful and gorgeous because I knew that it would push our finances. 509 00:20:44,393 --> 00:20:44,500 that was beautiful and gorgeous because I knew that it would push our finances. 510 00:20:44,567 --> 00:20:45,000 But we were able to find a place that still created those 511 00:20:49,066 --> 00:20:50,467 great family memories. 512 00:20:50,467 --> 00:20:51,767 [Jen] Can both of you fit in there? 513 00:20:51,767 --> 00:20:52,867 -[Nathan] Yeah. -[Zachary] Oh! 514 00:20:52,867 --> 00:20:54,300 [Jen] I think they like it. 515 00:20:54,367 --> 00:20:55,867 I think they love it. 516 00:20:55,867 --> 00:20:58,166 I haven't actually figured out what we're going to rent it out for yet 517 00:20:58,233 --> 00:21:00,066 'cause we're in the process of working that out 518 00:21:00,066 --> 00:21:01,467 -with a management company. -Mmm-hmm. 519 00:21:01,467 --> 00:21:05,066 We think somewhere in the 200 to 250 range 520 00:21:05,066 --> 00:21:06,767 because we've put a lot of work into this property 521 00:21:06,834 --> 00:21:08,967 already just in the last couple of weeks, 522 00:21:08,967 --> 00:21:11,600 and Jen's done a ton of stuff on the inside. 523 00:21:11,667 --> 00:21:14,393 {\an8}[Jen] I'm excited for the first cold night, 524 00:21:14,393 --> 00:21:14,400 {\an8}[Jen] I'm excited for the first cold night, 525 00:21:14,467 --> 00:21:15,000 {\an8}Dad, when you can teach me how to make a fire in the fireplace. 526 00:21:17,567 --> 00:21:20,600 {\an8}My parents also ended up moving to Tennessee, 527 00:21:20,667 --> 00:21:22,967 {\an8}and it's really neat to know that 528 00:21:22,967 --> 00:21:25,667 {\an8}we're going to be able to recreate memories with them, 529 00:21:25,667 --> 00:21:27,667 {\an8}just like we did at their cabin in Big Bear. 530 00:21:27,667 --> 00:21:28,767 {\an8}Say memories. 531 00:21:28,767 --> 00:21:30,000 {\an8}[all] Memories!