Large lot with house plus vacation house
What do you think about this opportunity? Is it investable? What is a good lease back rate?
"Austin, TX. Check out this investment property with a twist. It's a friend's listing: A 1482' house on a .84 acre lot that includes a 535' vacation house on the property. No comps in the area. Investor is assured no downtime as the seller is willing to pay an over market lease back rate for 2-5 years."
Pics of the house are here:
http://matrix.abor.com/Matrix/p?k=1571507XBCSM&p=DE-46772817-166