Vacation rental turned flip, $120,000 profit!

[Hamish Simcock]

We just finished a vacation rental property about 6 weeks ago. We originally purchased the property to renovate as an Airbnb, but got a great offer from a buyer so we ended up selling.

We are curious, how long do you keep your vacation rentals before selling? And has anyone had much success flipping vacation properties?

We are tossing the idea of doing another one as a rental or flipping the next. We purchased the lake front property for $228,000 on a commercial, 20% down loan, put $50k into the rehab and walked away with $120,000 in profit. The property was originally 2 bed 1.5 bath, we converted it to 4 bed 1.5 bath, finished the basement to add a pool table and mini bar, and updated kitchens, bedrooms, bathrooms, roofing and siding etc.

Would you guys book a trip away at the property? We are always looking for feedback so we can improve. We have included some pictures below. Let us know if you would like to see before and after pictures.

Many thanks!