
21 December 2020 | 1 reply
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 that 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 older 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 on site 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.

20 January 2020 | 15 replies
But politics could affect interest rates and maybe a few years from now it's about 10%.

20 January 2020 | 13 replies
Thus they don't exercise the option and leave the property and the owner finds another "rent to own" tenant and repeats the process.

21 January 2020 | 11 replies
The sale price of a property is affected by a number of levers including supply and demand, replacement cost, interest rates, the riskiness of an investment, and, most importantly, the amount a buyer is willing to pay to acquire it.

22 January 2020 | 8 replies
Search for all cash closed transactions in your area and when you see the same entity repeat 3 or more times in one year where the purchase was all cash, there is a real cash buyer.

20 January 2020 | 1 reply
My credit score isn't the greatest (691), so I know this can poorly affect me with my interest rates (any other advice here will help)5.

22 January 2020 | 6 replies
If I didn't already have contractors that I have worked with for years, the ONLY way I would consider hiring new ones would be via referrals that I trust and can verify.If you regularly attend REIA club meetings, just ask members who they have had success with on a repeat basis.

23 January 2020 | 62 replies
@Charlie MacPhersonI’m not sure how I appear to be wanting to serve myself over the client.I am repeatedly asking:Do I respect their wishes of getting it sold ASAP even at a low price or do I push them to hold out for more money even though they want it gone.

21 January 2020 | 2 replies
goal is to hold this property and eventually buy another one and repeat.

20 January 2020 | 1 reply
And I repeat each year.Your probably thinking why pay management fees to Blue Estate LLC instead of yourself.