A vacated deal might be better than a "shotgun wedding", y'know?

We have a good steady pace of traffic at our STR houses here, lots of conventions, weddings, family gatherings, and also a steady pace of business travelers during the week. 

I'll be flying into Raleigh next week with a client on Tues/Weds.

The plot is around 26000 sf, beachfront, great tourist locationThe build quality is high, and it survived the tsunami of 2004 intactThe place is fully staffed with a manager who's been there for 19 years, with no intention of leavingThe place is one of the few in the area thats holds groups (the whole complex is rented out to groups of 12-23)It is currently earning 100k eur per annum with only 50% occupancy (the owner is old and does minimum to market - old website, airbnb, booking.com, homeaway, tripadvisor)The average occupancy of the area is 74% so there is a lot of room for revenue growthThe rates haven't been raised for 3 years and it is due for a 5% rental increaseThe reviews are stellar on all sites, with many repeat clientsThe venue is ideal for weddings, reunions, parties, bdays, etc, and the staff handle everything, including an onsite chefWhen you stay there it's like having your own resort on the beach to yourselfOwner will act as consultant for up to 1 year for freeSo, he wants to sell to my husband and I, as his manager and he really like us and know we would keep the staff and concept the same.

I recently got rid of two houses in Muncie that were cash flow because I made my money on them already and I want some extra cash for my upcoming wedding.  

Lee is talking about "Coffee with Real Estate Investors" at okcrealestateinvestors.com #okcrei every 1st Wed of month. 7PMAnd, MPREIA every 1st Thursday of the month. 7PM at www.mpmeeting.comBoth on Meetup.comLastly, Lee is talking about the local training at www.RenascentMastermind.com . :)Originally posted by @Lee Germany:There is a meet-up the first Wednesday evening every month in the NW part of OKC and a real estate investors group meeting the first Thursday of every month as well.

I came across a meetup happening tomorrow (Wed Jul 20) in Hasbrouck Heights - more of an 'expo' of vendors, but near you so thought you might want to check it out as well! 

I will be on a drive later this afternoon headed to a wedding and will listen to it then!

They have a wedding in a few weeks so I might just surprise them by picking something up from their registry at that price point.Thank you again Nathan!

Today 75 years ago  (1-16-1942) - I was born - Got in the real estate because a friend said I didn't have to be real smart to make money in real estate - Well that qualified me - I don't think I could have done as well as I have if were not for my wife - working to support my habit (seminars - buying tapes, books and attending real estate auctions) last Wednesday we celebrated our 47th wedding anniversary.