Purchase price: $775,000 Cash invested: $700,000 Sale price: $1,660,000 Fully-renovated, sun-drenched single family with 4 bedrooms and 2.5 baths spanning four levels, features high ceilings, extensive crown moldings, millwork, & exceptional finishes throughout.

Facilitated the sale of this unique, rural 80-acre farm property in NE Washington.

Floor plan, square footage, condition, features, land, garage, etc and so on...

In looking for a vacation rental property there are several things that one should consider, some of this is very unique to a vacation property ....First is obviously the price and this of course isn’t unique to this type of property but you should have an idea of what your budget is and what you can afford to pay for out of pocket costs....For this particular home, it had to be a fixer upper, because I wanted a deal and I was working with a limited amount of money....Proximity into town was also on my list, this was very important as I wanted ppl to be able to go into town and enjoy a beer or good food or whatever, my place happens to be within 10-15 minutes of several small and very quaint towns. 

Here is one that we rent, its an example of a good product - bonus points for being unique: https://heartwoodfurnishedhome...You need to be a very good operator and be very good at revenue maximization & pricing. 

I also would think you are not serious if there’s a discoverable feature about a town or property and you make us drive around for hours and decide you “don’t like the neighborhood” or “it’s not close enough to stuff”.

It is meant to get us in front of more sellers, but every one in a while sellers do have unique obstacles that make a quick cash offer more appealing.

You can also buy lists from companies like list source and there are some REI software companies that have a cash buyer search feature.

The unique situation here is that the high ARV helps me because my refinance exit is going to wrap my other 3 properties into a single mortgage so that I have only 1 payment.

My name is Tony, and I work with the Biggerpockets Featured Agent Program!