All Forum Posts by: Hunter Nall

Afternoon, not sure how I can get the word out but I have a STR in a costal town of Texas. We've owned it for almost 3 years now and grosses around $65K a year as is. It's fully furnished and was completley remodled in 2022. We live over 8 hours away now so it's just too far for us to continue to manage. The next door neighbor has been the property manager since day one and would consider staying with new ownership. We stay around 60% occupancy but could be much better with someone with more experience. Also purchased the home at 4.25% rate so would even consider owner finance or creative finance options. I'll attach Zillow link but if somone has advice where I could get this in front of someone who would be interested, please reach out.

325-721-8475 (Hunter)

https://www.zillow.com/homedetails/962-S-Arch-St-Aransas-Pas...

So update. I just got an appraisal in at $310k.

Bought for $115, put $80k cash into rehab so right at $195K net. I was working with a local bank here who orginally told me we could do 80/20. Then it went 75/25 and now they are back to 70/30. I want to shoot for the 80/20. Now that project is completed, can you help? 6 month season is Nov 6th.

I purchased a lake front property here in Texas for $115,000 cash. I've spent around $70k cash as well improving the property to be a short term rental as well as possible secondary home for my family. My local bank is only offering a 70/30 loan with pretty high rates. I just found a really good comp so I'm hoping my ARV is higher than initally thought. My goal is to pull out as much cash out of this deal as possible so I can move to next project. Looking to get ARV of around $250K. Any thoughts or ideas?