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Sevierville, TN
We are currently active in Florida and Tennessee, with plans to expand to more states across the southeast and Sunbelt in 2024. We're selective with contributions to the Overmoon 721 Fund (the “Fund”), only taking houses that add value to the Fund’s investors. Submit your property information and we'll let you know if your house is currently a good fit!
Depending on how long you've owned your property, selling could lead to the loss of nearly 1/3 of your value to taxes, fees, and lost income. Investing in the Overmoon 721 Fund provides you the opportunity to defer taxes, earn passive income, maintain appreciation potential and avoid the process associated with a traditional sale.
As both the owner and operator of the homes in its portfolio, we are motivated to make each home perform to its highest potential, beyond what we believe a property manager could achieve. This is how we simultaneously maximize the value of the Overmoon 721 Fund, while realizing our mission of becoming great hosts of vacation rental properties.
Rental property owners who own single-family rentals and qualify as accredited investors can contribute to the Fund. Contact us directly to learn more.
No, you'll own shares in the Overmoon 721 Fund, which will own the home as part of a portfolio of vacation rental properties. You'll no longer be responsible for any maintenance costs or tenant needs for the individual house, and will instead, own shares in the Fund.
Yes. We will work with you and your property manager to honor reservations on the books where possible.
Investing in the Fund is similar to selling your house and buying shares of a REIT. One major difference is that when you invest in the Overmoon 721 Fund, you have the opportunity to defer the tax consequences of a sale. Instead of buying shares with after-tax proceeds, you'll preserve value through a tax-deferred exchange for shares in the Fund and its diversified, managed portfolio of vacation homes.
The Fund goes a step beyond property management. When you exchange your rental with us, we its ownership, meaning we are fully responsible for its property management, taxes, insurance, maintenance, and leasing. Your real estate investment becomes truly passive.

In contrast, property managers handle the day-to-day operation of your property, but any major expense, liability, or legal action like an eviction would be ultimately your responsibility.
The Overmoon 721 Fund will either pay off or assume your existing mortgage with your lender at the time of closing.
Income is calculated based on the appreciation of all the houses and the rental income of the portfolio. As an investor in the Fund, your shares will appreciate in value generally based on the appreciation of the portfolio, and your cash distributions will be based on the rental income collected (less operating expenses like insurance, property tax, maintenance reserves, etc.). Submit your property for an offer or contact us directly to find out more.
The Fund distributes the portfolio's net operating cash flow after accounting for factors such as expenses, debt service, management fees, and capital expenditures on a monthly basis. Investors can elect to receive distributions or have distributions reinvested through the Distribution Reinvestment Program (DRIP). The Fund targets a 4% annualized cash distribution yield (net of management fees).
Most investors come to the Fund with a long-term vision to continue to receive income and participate in the appreciation potential of the properties. After three years, you can request to redeem shares for cash. Just like a traditional sale, redeeming your shares for cash is a taxable event.
Yes, if your contributed property had an unclaimed depreciation balance, you will continue to receive depreciation.
The Fund intends to value its properties on a periodic basis, using leading third-party appraisals, broker's price opinions, and automated valuation models (AVMs). The Fund never profits from the valuation of a house. We'll never negotiate valuations–we created a system we believe is fair for everyone.
After an initial 3-year holding period and with 180 days' prior written notice, you may participate in the redemption program to redeem your shares, either in part or in full, for taxable cash.
The redemption of any shares will be treated like the sale of any property, meaning regular capital gains and depreciation recapture taxes apply. One of the benefits to joining the Fund is the potential to spread out tax liabilities across years, which could result in lower costs over time.
The Fund is excited to be a long-term owner of every property that joins the portfolio. That being said, our fiduciary duty is to generate the best returns for the portfolio, and we will strategically cull the portfolio if an attractive opportunity presents itself.
Your ownership interest is treated much the same as a typical rental property – your heirs will generally receive a step-up in basis upon inheritance. We believe the flexibility afforded by owning shares in a portfolio of assets rather than one illiquid property makes the Fund an attractive estate planning instrument. However, we recommend that you consult with your personal tax advisor and/or attorney to understand your own unique situation.
No. Once a property has been exchanged for an ownership interest in the Fund, the proceeds from its sale cannot be applied to another like-kind exchange.
Founded in 2020, Overmoon is a real estate technology company creating a portfolio of vacation homes the world can trust with its vacations.

With the Overmoon 721 Fund you can exchange your property for shares in a managed portfolio of vacation homes without triggering capital gains or depreciation recapture taxes. The Fund takes care of all expenses and responsibilities, while you continue to participate in income and appreciation as a passive investor.
For income, we collect rent from these vacation homes, then pay for all associated expenses, including property taxes, property management, insurance, and maintenance. We also assess a 1% asset management fee. The net income is paid out to our investors in the form of a cash distribution. The Fund intends for distributions to be paid monthly via direct deposit.
Overmoon has created the Fund to allow owners of investment properties to take advantage of a tax-deferred exchange. Section 721 of the Internal Revenue Code provides that no gain or loss is recognized when property is contributed into a partnership in exchange for interest, or ownership, in the partnership. In other words, The Fund enables investors like you to exchange your rental property for shares in our portfoliowithout triggering a taxable event.
You will receive shares in the Fund, which owns a portfolio of professionally managed rental properties.
Like many funds, there are certain fees and costs associated with an investment in the Fund. Such fees are generally associated with the management and operation of the Fund and its portfolio of properties. Such fees include acquisition fees, asset management fees, financing fees, property management fees, disposition fees and technology services fees. We believe these fees are reasonable and competitive in the market in terms of both the types and amounts of such fees.
The Fund offers risk diversification, both from a geographic and tenant perspective. While it is impossible to predict how your investment in the Fund would fare compared to a traditional rental property, we believe owning many rental properties in numerous markets instead of one reduces exposure to local economic downturns. This is an attractive feature to most owners.

* Important Notices The information provided herein is for informational purposes only and for persons who qualify as accredited investors. It should not be interpreted as professional financial, tax or investment advice. The information provided herein is intentionally general in nature. It is important not to solely rely on this information when making investment decisions. Overmoon cannot guarantee the accuracy, completeness, or reliability of any information presented here. Private securities transactions involve a high level of risk and are not be suitable for all investors. These investments are illiquid, may require a long holding period, and could result in the loss of the invested principal. There can be no guarantee that investors will receive distributions or recognize their desired tax or investment objectives. Projections and forward-looking statements are hypothetical and may not be realized. Persons interested in the Overmoon 721 Fund are urged to consult their own tax and financial advisors. Prior to making any investment decisions, prospective investors should thoroughly review all offering documents and carefully consider their individual circumstances and risk tolerance.

The homes depicted on this page are not owned by the Overmoon 721 Fund, but are representative of the types of homes to be acquired by the Overmoon 721 Fund.