Mr. Texas Real Estate
Travel Club
Contribute to Real Estate AND Vacation!
Watch Your Equity Grow While Vacationing 5 Weeks A Year!
Robert and Jason have identified three markets that will experience the most turmoil from COVID-19. These markets have significant downside risk because a substantial portion of the economy is based on sectors most vulnerable to disruption from quarantine – entertainment and travel. Three cities immediately come to mind – Miami, Las Vegas, and Lake Tahoe.
During the last downturn Rob missed a huge opportunity to buy a few units in Las Vegas at a class AA luxury tower. He is not going to miss it again.
Welcome to Travel Club
Travel Club is a group of 16 families that contribute $20k each into a joint LLP. We will take the cash and purchase three condos – one in each city. Once purchased, each year we will pick 4-5 weeks a year to use the condos. Whenever the condos are not in use we will AirBnb them to offset annual operating expenses. In five years we will sell them for a tidy profit.
Projected Exit
ARV
35% Down
Principal Pay Down
7% Equity
Closing Costs 8%
Profit
Member Profit
COC
Annual ROI
$370,000
$129,500
$20,000
$519,000
-$41,520
$127,480
$9,490.80
59.32%
11.86%
Estimated Operating Expenses
Mortgage/HOA
Supplies
Management
Rentals
Rent Per Year
Mgmt Fee
INCOME
Owner Contribution
Per Owner/Year
Per Vacation
$40,800
$13,800
$7,500
$62,100
$24,600
-$6,150
$18,450
$43,650
$2,728
$545