TITLE:
Beat the 1% Rule. Buy My Lakehouse. I'll NNN Master Lease It Back From You with The Option To Buy It Back
CONTROL:
Owner
VALUE:
$1,300,000
LOAN:
$0
EQUITY:
$1,300,000
TYPE:
Homes/Condos
HAVE:
I own two lakehouses on Lake Hartwell in Anderson SC. One is an existing well-performing airbnb, the second one (the one listed here) will be on airbnb next month. I want to keep it
This is a completely renovated lakehouse. We doubled the square footage.
ADDRESS:
108 Nottingham Way, Anderson, South Carolina
BENEFITS TO NEW OWNER:
Discounted deeply
Depreciation
Can borrow against
Safe
Steady
GROSS SCHEDULED INCOME:
$140,000 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$140,000
EXPENSES:
$20,000
NOI:
$120,000
DEBT SERVICE:
$0
CASH FLOW:
$120,000
CAP RATE:
9.23%
BENEFITS SOUGHT:
Tap into equity. It's free and clear
Future relationship and JV opportunity
REMARKS:
This is a $1.3M house. I will sell it at a discount for $800K and buy it back later. In the meantime, I want to keep it as an airbnb, so I will NNN Master Lease it back from you and beat the 1% rule that is more and more a unicorn these days.
COUNSELOR:
Will Boyle
APG Companies
1201 Edwards Mill Rd #300
Raleigh, , 27607
Phone: 8646603899
