Searching for serious Inquiares for taking over my Airbnb

Searching for serious Inquiares for taking over my Airbnb

Member since 2025 · 9 posts · 6 votes

Hey all! I want to see if running this idea by anyone if anyone would be interested or if I'm a moron for it. I have a successful Airbnb I am looking to sell as a business. I would like to be able to just transfer my current loan to an interested investor for a cash buy out. The home is in Stephenville, Texas and is currently surrounded by the fastest growing division 1 college in the nation. It has a pool, on a golf course, outdoor kitchen, 3 Bedroom 2 Bath, sleeps 6 comfortably, and in a good quite neighborhood. At the end of 2024 replaced the pool pump and in 2025 replaced the downstairs A/C unit and fan motor, both hot water heaters, and repaired the balcony/outdoor kitchen ceiling. Currently owe $278,000 at a 3.65% FHA loan. 2025 numbers $60,000 at a 78.8% occupancy rate. The home is currently appraised for $405,000 but doesn't include the all the repairs made. I would say the home would sell for $450,000 in that neighborhood. I am looking to get $140,000 cash to transfer the loan over. The home already has a property manager, cleaning services, and pool services set up. I would be willing to sell furnished for an extra $20,000. (other than a few personal items). If this sounds insane or unlikely please let me know. If you think I have something to work with I would love to hear that as well! Thank All

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  • Member since 2025 · 9 posts · 6 votes
    6mo

    Inquiries***

  • Don KonipolBusiness Member
    Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
    6mo
    Quote from @Brance Coleman:

    Hey all! I want to see if running this idea by anyone if anyone would be interested or if I'm a moron for it. I have a successful Airbnb I am looking to sell as a business. I would like to be able to just transfer my current loan to an interested investor for a cash buy out. The home is in Stephenville, Texas and is currently surrounded by the fastest growing division 1 college in the nation. It has a pool, on a golf course, outdoor kitchen, 3 Bedroom 2 Bath, sleeps 6 comfortably, and in a good quiet neighborhood. At the end of 2024 replaced the pool pump and in 2025 replaced the downstairs A/C unit and fan motor, both hot water heaters, and repaired the balcony/outdoor kitchen ceiling. Currently owe $278,000 at a 3.65% FHA loan. 2025 numbers $60,000 at a 78.8% occupancy rate. The home is currently appraised for $405,000 but doesn't include the all the repairs made. I would say the home would sell for $450,000 in that neighborhood. I am looking to get $140,000 cash to transfer the loan over. The home already has a property manager, cleaning services, and pool services set up. I would be willing to sell furnished for an extra $20,000. (other than a few personal items). If this sounds insane or unlikely please let me know. If you think I have something to work with I would love to hear that as well! Thank All

    Question number 1: what is your NET income(I assume your $60k figure is the GROSS income)?
    Question number 2: do you utilize a property manager or do you self manage? 
    Question number 3: are you willing to allow a buyer to buy the property “subject to” the existing mortgage realizing (1) you will not be released from liability for the loan (2) your borrowing capacity will be severely lowered and (3) the lender will have the right to accelerate the loan (due on sale clause). 
    Private Mortgage Financing Partners, LLC
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