Seeking Investor Capital for STR Property Purchase

[David Borkhuis]

Here are the details for the short-term rental property I’m acquiring in Hammondsport, NY, located in the heart of the Finger Lakes wine and lake region, one of Upstate New York’s most sought-after vacation destinations.

The Property:

• One fully furnished, stand-alone home on a large private lake view lot. Purchase price of $1,200,000 including all furniture, fixtures & equipment.

• Strong existing performance as a short-term rental:

• ~$100,000 in confirmed bookings for the remainder of this year

• Over $30,000 already booked for next year

• The current owners operate a nearby wedding venue and include stays at this Airbnb home as part of their wedding packages, a significant and consistent revenue generator

• Positioned in a year-round tourism market: lake activities, wineries, weddings, festivals, skiing

The Offer:

Option 1 -

• Preferred equity offering, you get paid first before any profits are made

• 12% annual return, paid monthly (i.e., 1% every month)

• 3-year term, no equity given. This is a fixed-income investment, not an ownership share

• Exit strategy: Refinance and return investor capital

Option 2 -

• Convertible preferred equity offering

• Years 1-3, 9% annual return, paid monthly (i.e., 0.75% every month)

• Capital converts to 50% equity stake at year three, with equal share of cash flow and appreciation

• Both options can be funded with cash or Self Directed IRA with tax deferment benefits

• Funds will be used for the down payment, closing costs, and startup capital

• Bonus perk: Investors receive free stays (just pay the cleaning costs) at the property, subject to availability — a great way to enjoy the Finger Lakes firsthand!

Why This Deal Makes Sense:

• Financing is already structured:

• 80% DSCR loan in place

• Seller is holding a $150K note @ 6%, reducing upfront capital needs

• The home has an robust income history and proven demand, supported by the wedding venue partnership

• Investors enjoy predictable returns, backed by a real, cash-flowing asset

• You’re completely passive — I manage the property and loan; you simply earn income

Message me for more details.