We sold it to a surf tourism company who was building a surf camp nearby.

Rent prices are on the rise and more and more nashville natives are moving this way to get away from the tourism.

The amount of tourism in the small town is pretty incredible.

(Ugh, this property seems so low-risk with its two STRs, in a community that lives and dies by the tourism trade...it's just silly to me that they're viewing it as too complicated to lend on!)

While the cash flow won't be as high, the small mountain towns rely quite a bit on tourism, so we don't anticipate any regulations being placed in those areas that would prohibit us from continuing.  

It is undergoing a boom from development and tourism.

Cartagena on the other hand may be too over priced and in my opinion is over reliant on tourism.

Having said that, they are already warmed up to what it's going to take for them to qualify from those 2 inbound leads.

Meni BenishI left Georgia 28 years ago and immigrated to Israel as 10 years old kid. i am in the online marketing business and doing well.I was invited by my father for a business trip in to Georgia, which is between Turkey and Russia, on the Black Sea beech.To tell u the truth guys, I was totally shocked out of the development and the amount of new buildings and amount of foreign investors I met in the Marriott Hotel in Tbilisi.I made a small research and found out that most of them are there to find out about real estate opportunities...During the last year, I got involved with 2 different partnerships, and started a huge business of Constriction, Property Management and Capital management in Georgia.We already invested more than 10 Million USD in Georgia, in 4 different projects, and the prices are just raising day by day.We can currently offer apartments, agricultural plots, plots ready for constriction, projects with full building permits, Tourism projects and more.We have local partners, local low office providing all the needed services for our investors.I will be at your service!

For residential (operating as STR's) what are your plans when the tourism dollars drop off?