Forum Replies Created
Has anyone dealt with Simon Pressley from propertyology.com.au and 6point.com.au? Does he provide good advice?
you can claim tax deduction on interest payments and depreciation etc on the IP, so you are more better off than you think
thank you guys for the information!
To JacM: I am quite interested in your change of ideas from 4 years ago. i am probably in the same 'Excitement' period. what u've leaned that has changed your mind about investing in Serviced Apartment. care to share?
To Luke86: i think i'm starting to understand the Serviced Apartments should be treated as Commerical investment now. so even if this particular one comes out of the lease,assume it can be owner occupied, However as the building will still mostly be serviced apartments, then the apartment is still limited by the commerical nature of the whole building? i.e. Caplital growth is limited compared to a normal apartment in a normal building in the same area?
To Charles 1: thanks mate. i've sorted out the loan part already. do u think a serviced apartment is harder to sell even after it comes out of the lease?
To thecrest,
many thanks for your reply. The lease agreement to Quest gurantees a fixed annual rental income (subject to CPI adjustment) regardless of there are guests or not in the apartment. The expenses owner has to pay include Body Corp, Council rates and Water. There are no other fees associated with attracting hotel guests.
so you think that Off or On Lease shouldn't change it's buy or sell price, just limits the buyer's market?
