Updated advice needed- 400-600k budget, 60-80K revenue potential?

Updated advice needed- 400-600k budget, 60-80K revenue potential?

Queens · Member since 2020 · 9 posts · 5 votes

Hi Guys,

Im looking to buy ideally a SFH or townhome (Condo only if low HOA and eligible for traditional funding) for short term rental only. Preferred location is near the beach. Budget up to 600k, yearly revenue potential atleast 60k and upwards. No short term rental restrictions in the area at present or in near future.

What will be your top choices??

Thanks so much!

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  • John UnderwoodPro Member
    Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
    5y

    60k Gross or Net?

  • Queens · Member since 2020 · 9 posts · 5 votes
    5y

    60K+ total revenue, will be really nice to have 60k net though :)

  • Queens · Member since 2020 · 9 posts · 5 votes
    5y
    Originally posted by @John Underwood:

    60k Gross or Net?

    Gross. 

  • John UnderwoodPro Member
    Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
    5y

    I think you could almost buy 2 lake houses for that price that could gross for close to 60k each.

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