Vacation Rental in Atlanta - 10-20% COC return
I've got a deal under contract that I need an equity partner on in Atlanta for Vacation rental. I've got 5 units now in my short term rental portfolio in Atlanta, and still more demand than I can handle. I have another property under contract in Atlanta that's perfect, and I'm getting a great deal.. Looking for an equity partner to put up the cash... Sale price is $684k, 4BR/3.5bt, 3200 sf. Newly remodeled turn key deal. Need around 200k. I'm offering 10% preferred return on the cash invested plus upside, plus 50% of the appreciation on the back end (50/50 ownership). It's basically a long term cash flow deal. My value is the deal itself, my track record, and I don't charge a property management fee (since I'm part owner). Total COC return should be around around 15% annually to the investor. Would really appreciate an intro to any investors you think would be interested. If interested, I can send you all the details, plus the Pro-forma and NOI (P&Ls) from my comparable properties to show the performance of those. I'll pay a finders fee if you bring me an investor. You'd have to decide pretty quick as I'm under contract already, so I have limited time. Please email me at [email protected].
Hope all else is well. Happy Holidays
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