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260
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210
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Jack Tucker
  • Real Estate Investor, Flipper, PM, vacation rental, Wholesaler
  • Athens, GA
210
Votes |
260
Posts

2% PROPERTY- Vacation Rental $3100+/month only $150k

Jack Tucker
  • Real Estate Investor, Flipper, PM, vacation rental, Wholesaler
  • Athens, GA
Posted

Athens Georgia, by UGA, the capital of SEC football.

We are also finding out that lots of wedding parties happen all year.

Very few 5 bedroom / 4 bathroom 3000 SqFt rehabbed vacation rentals exist in our market!

2014 actual average $3385/month

2015 conservative 12 month average income = $3100+ / month

Quality PM will stay in place at pre-negotiated rates.

Email me for details, spreadsheets

Here's the post discussing the particulars of this property:

http://www.biggerpockets.com/forums/223/topics/152...

WHY ARE WE SELLING? Am I crazy? No- this was bought with my Self-directed IRA, which is my "flip fund". Didn't know this highest and best use would be so wildly successful at throwing off cash, or I would have used personal funds and tried to depreciate the heck out of it with a cost seg study to try to keep up.  Also, my partner just got a big promotion at work and legally with the IRA, I'm not allowed to pick up any of that slack.

Offering

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