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Updated almost 10 years ago on . Most recent reply
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- Real Estate Investor, Flipper, PM, vacation rental, Wholesaler
- Athens, GA
- 210
- Votes |
- 260
- Posts
2% PROPERTY- Vacation Rental $3100+/month only $150k
Athens Georgia, by UGA, the capital of SEC football.
We are also finding out that lots of wedding parties happen all year.
Very few 5 bedroom / 4 bathroom 3000 SqFt rehabbed vacation rentals exist in our market!
2014 actual average $3385/month
2015 conservative 12 month average income = $3100+ / month
Quality PM will stay in place at pre-negotiated rates.
Email me for details, spreadsheets
Here's the post discussing the particulars of this property:
http://www.biggerpockets.com/forums/223/topics/152...
WHY ARE WE SELLING? Am I crazy? No- this was bought with my Self-directed IRA, which is my "flip fund". Didn't know this highest and best use would be so wildly successful at throwing off cash, or I would have used personal funds and tried to depreciate the heck out of it with a cost seg study to try to keep up. Also, my partner just got a big promotion at work and legally with the IRA, I'm not allowed to pick up any of that slack.