All Forum Posts by: Todd Gentry

so I've purchased a really unique piece of property about 20 minutes from the heart of Atlanta , 10 from the airport . With the intention of making money of a STR

the main house is completely remodeled , 3 bd 2 bath . 

The features include a huge pool, and pool house that I’m making a bar in now , and also has a secondary living unit that is going to take a ton of work to convert to a rentable space . My goal is to create a mini resort style theme , with additional up charges for on call massages / drinks and food catering . Has anyone if the short term rental game gone to these lengths or am I over doing it with this ? It’s essentially a little compound on an acre 

Thank you for the Replies everyone. I am not new to the renovation flipping process, as this would be considered my 4th full renovation. the other 3 have been sold.... I am sort of wanting a break from flipping right now as it is just consuming all of my time... The house is over 2k sqft and EVERYTHING has been updated. it even has a full pool house with a bathroom. I was just concerned about off season str rates, and the liability issues of having a pool,

It seems the best move to protect myself is having an additional waiver included for guests to sign as well as a liability insurance policy..

I have tried to do my research on comparable rentals, i have yet to find anything as nice as mind within a reasonable price range. So i dont know if 4-500 a night is out of the questions based on others. thanks for you input

So I purchased a cool mid century modern home with a pool back in January, that’s needed a full rehab! I’m closing in on finishing it up, probably another month to go…

based on the setup of the house I believe it would be a great air bnb/ vrbo. Huge pool, with pool house and bar, 3 bd, 3 bath. Questions with short term rentals with a pool, is there anything I can do to protect myself in case of an accident ? Second is it worth to str this vs sell it . Probably can pull 100k on this flip before taxes… anyone with some advice would be greatly appreciated.

So I’m trying to purchase a home that I found To be a good deal! The issue is I cannot get a traditional loan due to the amount of rehab It will need to make it live able , and I don’t want a rehab lain because I want to do the bulk of the work myself .

purchase price the seller has agreed on is 65k and my estimate it needs roughly 35k in Reno. I have the 35k in cash for renovations I just need money for the home. I was thinking of asking her to hold the mortgage and give her a down payment upfront and pay her monthly until I can refinance after the Reno and pay her .. 

Does anyone else know any financial options to get this deal done ? Much appreciated