How I Turned $12k into over $600k
Summary
The host discusses her experience with a 1-bedroom short-term rental property in the Smoky Mountains that she purchased for $125,000. After 10 years, the property has grossed $600,000 and netted $428,000 after expenses. The property value has also appreciated to $450,000. A cost segregation analysis saved $15,000 in taxes the year of the purchase. Factoring in net income, appreciation, debt paydown, and tax savings, the property has generated about $794,560.
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