I think I have found my first +ve cashflow property. It sounds a little too good to be true. It is an ex government owned property and comes with lease’s totally $78,000 pa. $50k worth of the lease’s are 5 years + 5 year options. The tennants are a government library, a court house and on-line access centre and a private tennant.
They are asking $400k. Using steve’s rule, this should still be +ve it is cost $750k. Council rates are $16k pa. Am I missing something or is this a ripper of a deal?
Should commercial returns be higher for any reason? Ie more risk of being vacant?
Some quick calculations tell me I would need to buy 10 residential properties for $40k each that earn $150 p/week rent to make as much +ve cashflow as this commercial deal.
Comments please.Craig, go for it!
Cheers
MelAbsolutely… have a crack..
Craig! An automatic $78k income- retire!!
How did you find such a deal? The place must be *huge* – a COURTHOUSE????? Plus all the rest? That sounds like an amazing deal.
On another note, no wonder the govt is going broke! How come they’re not keeping this profitable venture? Privatisation is a wacky thing.
kay henry
If u dont buy it ill track it down and buy it myself .PMSL, Just do your due dilligence mate , but just coz it sounds too good to be true , dont mean it is…………GOODLUCK
Regards Bear
POSITVE CASHFLOW properties and Joint Ventures available!
For the BEST deals register via E-mail [email protected]
DONT MISS OUT!!!!!
You must be logged in to reply to this topic. If you don't have an account, you can register here.
