This is how we increased the value of this property from $1,250,000 to $3,885,000 and turned it into a $400,000/yr Airbnb.

This is how we increased the value of this property from $1,250,000 to $3,885,000 and turned it into a $400,000/yr Airbnb. We bought it in December 2023. It was officially listed at $1,563,400. We were able to negotiate with the seller and buy it in cash for $1,250,000. (I partnered with someone on this deal - they fronted most of the money) It was a 6,625 sq/ft, 6 bed, 6.5 bath property on 4+ acres (it needed a lot of cosmetic rehab). The avg. price per sq/ft in this zip code is $399 6,625 sq/ft @ $399 = $2,643,375 So we knew that as long as we renovated the property we already made money on the buy. We added 400+ sq/ft by converting the garage into a theater room. 7,025 sq/ft @ $399 = $2,802,975 We redid bathrooms and flooring. We built a full home gym. Rebuilt 3 decks and repainted the house. We built a firepit and new landscaping, and light fixtures. Replaced windows and doors. Built a game room and installed a golf simulator. We added amenities like barrel saunas, hot tubs, and more. Numbers: Purchase price: $1,250,000 Rehab: $485,000 Furniture & amenities: $290,000 Total: ~$2,025,000 New appraised value: $3,885,000 Now this is where it gets interesting... We refinanced the property at a 7.38% interest rate. We left $1,885,000 equity in the property (51.5% LTV) We took out $2M out of the deal tax free (debt is not taxed) So our return is basically infinite. Yes, we now have a $15.6K/mo mortgage payment... But the property generated over $300K in revenue in the first 9 months on Airbnb, VRBO and direct booking. (Even after $40k+ in refunds from the hurricane and gas leak issues) So we still kept $144k after mortgage, cleaning, and other expenses. This year we're expecting over $450K in bookings. But that's not everything... We can use that $2,000,000 from the refinance and invest in a new property. And repeat this process as many times as we want... Buy, Rehab, Rent out on Airbnb, Refinance, and Repeat. The property also saved us a ton in taxes... We did a cost segregation to bonus depreciate 60% ($437,488) in year one. And because we used a STR loophole we could count the depreciation against our active income (W-2). For our 50% share, assuming a tax rate of 44% it personally saves us $96k in taxes. And this is why we love Airbnbs... 7 years ago we never thought owning properties like this was possible for us... 2019: we saved money from our 9-5 and put 15% down on our first Airbnb. Sold our Truck to help with Furnishing costs. 2020: Liquidated our retirement accounts bought 2 more Airbnbs. 2021: refinanced our personal home and partnered with someone to buy our 4th Airbnb and quit our 9-5 jobs... 2022: Refinanced our 2nd, 3rd, and 4th property to buy and furnish 2 more Airbnbs. 2023: Added 2 ultra profitable Airbnbs. 2024: Sold 1 and added another huge Airbnb and ended the year with $1.5M in bookings. 2025: Launched 3 luxury Airbnbs and saved over $1M in actual taxes using the STR Tax Loophole and 100% bonus depreciation. 2026: Launched 2 more luxury Airbnb properties. Today we own 14 Airbnbs worth $30M that bring in $3M/year in rental revenue. If you want to learn more about our strategy, DM me “START”