$1.5 RV Dev and Flip

Gulf Breeze Development

ABOUT Kelby is a real estate agent in Port Aransas, Texas specializing in luxury residential and commercial. In 2021 between Jan 1- Kelby McCan April 27th he has represented over $15M in home or commercial purchases and holds $7M in available properties. Along with working as an agent, his wife and him own Sly Customs, a golf cart rental and customization company. He is also the Project Manager and partner for the new $3.5M 2 acre beer and food garden being developed on the corner of Alister and Cotter. Most recently he has gained control of a 1.5 Acre beach front track along Lantana and is parceling this out over the next few months. Needless to say, Kelby McCan has experience in both Commercial & residential development projects that far exceed the complexity of the Gulf Breeze RV park project proposed. GULF BREEZE | 2021

MARKET ANALYSIS Low Income Housing Investment Proetction Port Aransas is exploding with prices soaring above $497 per sqft. An RV park in Port A is developing luxury RV sites, simlar to gulf waters, and selling them for $295K. Our project is different in that we are focusing on a low income approach. This is purposeful in otder to protect from a possible bubble. By holding affordable low income property, as we parcel to sell, if a market bubble does burst we are in the best position to weather the storm with renters with over 4 years of on time payment history. Once we are ready to sell lots, they are positioned in Commercially zoned property that allow for short term rentals. This opens the door to not only residents but investors in short term rental properties with low overhead.

COMPETITIVE ANALYIS Why We Win There are no other RV park spaces for sell individually, in Port Aransas, under 295K. My agency believes that if we put these on the open market at 150K each they would be under contract in less than 2 weeks. We are intentionally not converting sales over $1.4M in year one in order to avoid short term capital gains taxes. Unlike many other strategies, ours involves income producing inventory. The current gross is $145K with an NOI of roughly 90K. By managing the property myself, as an agent, I can bring back 12K in expenses to an NOI of 102K. Our Intent is to sell off the first 14 sites year one and have the rest under contract to be closed and funded shortly after the 1 year mark.

Contract Condo Offer Open Exit Property Legal Docs Tenants Market <2yrs $1.45M First HOW WE GET THERE

Kelby Mailing address CONTACT INFO 111 W. Cotter Port Aransas, Texas, 78373 Mccan Email address [email protected] Phone number 361-800-3691