Turnkey Park Circle, North Charleston Airbnb Opportunity for STR Investors

[Aaron Eisenberg]

Hey y'all,

We've got a house in Park Circle, North Charleston that has been a successful Airbnb for the last 3 years. We've got the last of the permits in this area (they've capped them now with a 4+ year waitlist), and we're looking to sell the home to free up some cash for a primary home purchase. Is anyone aware of ways the permit can transfer with the home? We're exploring selling the LLC that holds the permit & the deed, or seller financing so that less changes occur in the sale. In a seller-financing deal, we'd need to be bought out of our equity (300K), and then we could work out a mutually beneficial rate. Open to creative structure ideas if you have any.

The home is a completely turnkey Airbnb, fully furnished, supplied, & decorated by an Interior Designer.This has been a great investment for us, and I'd love to pay it forward to another investor now that we're leaving. If you've got other creative ideas of how to structure, let's talk. Below are the #s & details:

4br/2.5 bath. 2040 sqft. Market Value 625K

https://www.airbnb.com/rooms/836992065410993353?guests=1...

Gross Income: 57 - 60K annually

Loan Balance: $331,181.87

Current Mortgage Tax, & Insurance Payment: $2,079.46/month

HOA (HOA is aware of & find with STR): $71/month

.Landscaping average: $125/month

Average Cleaning Spend: $275/month

Pest Control: $75/month

Pardee HVAC: $211.46/month

Pardee is a financing deal that includes free service whenever anything goes wrong. We've found it worth the money in this city with the heat. We've had issues and they show up night or day any day and take care of it for the guest - it's been a major headache resolver for us. If you're not interested in this, I can find out the pay off balance.