All Forum Posts by: Dewayne Dan Garner

yea that is exactly my  dilemma . 

It"s in Georgia inside Callaway Gardens. The lease is up in 2029. At that point the realtor said I should be able to purchase the lot for about what I'm paying for the cottage . Which is 50000.  It doesn't sound like there is anything certain. The property is already making money as a rental.

I am fairly new to Real Estate. I have a couple of rental properties and am trying to get more. My other properties are long term rentals. The one I'm looking into now is a short term rental that is a cottage inside the gates of a local attraction and is already an established vacation rental. I believe the price for it is a fair price, but I just learned it is on leased land . The lease expires in 10 years. The realtor said I may be able to purchase the land the cottage is on at that point. So just looking for some advice on what questions to ask and is this just not the right deal to go after?

Hi, My name is Dewayne Garner. I have a couple of rental properties and am looking at getting more and would like to connect with other Real Estate Investors in the Auburn area .

Looking to connect with other real estate investors in the Auburn Alabama Area