I don’t know anything about the costs involved in running a backpackers facility but I saw one on realestate.com.au when looking for +CF properties it looks good on paper 46 beds @ $120 per week each, selling price $720K and I’m in no position to follow up so thought someone else on the forum might be interested.
DFox
Sounds like a business not a real estate investment.
The House next door probably goes for something like $250k maybe even less.
You dont run it well and bye bye bye your hard earned dollars.
Your exactly right Yack, this is a hands on Business here, not what i’d call passive income. If you are want to buy a business then this may be ok ?, but don’t expect an investment with minimal input from yourself.
regards westan
I find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to [email protected]
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