Forum Replies Created
Hi,
favourite shows: The Apprentice. Law and Order (the original), Law and Order SVU, CSI (Las Vegas). The last three are well researched, written and provide some education to boot!!Regards
Helen[biggrin]Go Sooshie
looking forward to any information you can provide.[biggrin] Also interested in your comment that some investors may have been burned and are now rethinking their property decisions. Is there any data to support this view.
Regards,
HelenHi everyone,[cap]
I’ve read this thread with interest — but could you clarify a point for me.[blush2]At what price range are you purchasing your properties. I guess this question is aimed at those of you buying a property every month or so.[specool] It seems to me that unless your properties are cash flow positive or at least cash flow neutral, the lending institutions would quickly put a halt to your acquisition plans. Oh yes — are you buying in major cities, regional areas or in rural locations. [light]
Regards
elikaThanks Derek,
clarity, finally.[biggrin][biggrin][biggrin]Regards
Hi everyone,
I posted this message some time ago and apart from some discussion of cyclones, the list seems to have been very quiet in terms of the pros and cons of buying a holiday unit versus a residential unit. Now having read the discussion posts over the last few months I know that this list is anything but shy and certainly very opinionated. So guys, let it rip — tell me your views — don’t hold back.LOOKING FORWARD TO A GREAT DISCUSSION[biggrin][biggrin][biggrin]
Hi,
putting in an air conditioner or dishwasher is Ok but don’t forget these items depreciate over time, may require repair or replacement.[thumbsdownanim Adding up to additional cost for you without necessarily adding any value to the property. The one exception – air conditioning in Qld is a definite must do. Basically you should be increasing your rent every 12 months — not heaps but by a small amount to compensate for your additional costs in running the house — at a minumum CPI. If you want to increase the value of the house then consider some cosmetic touches — fix up the garden and put in a bbq; redo the bathroom or kitchen — it may be possible to buy second hand items and have a competent builder/tradesman install it therby reducing your costs.Contact a few local agents and state that you plan to move into the area; find out what the going rate is for a comparable property. If time permits, visit a few houses to see that you are comparing apples with apples.
All the best.[biggrin]
Hello Mortgage Advisor,
I agree with your post — cyclones may be a problem. That’s why my projections are based on 65% occupancy. Also cyclones tend to occur during the summer when school holidays usually mean high occupancy levels.
Secondly, could you explain your comment “difficult to use such properties to replicate”. Do you mean that Banks and other lending institutions are reluctant to use this type of property as security for future property acquisitions.
Regards,[cap]
Hi,
one thing I should have mentioned in my post — the property in question will have full conference facilities — which should lead to an influx of large delegate groups (great for revenue). Oh yes, one other thing — Accor in managing the property will direct their marketing to overseas as well as local markets. Again a positive in terms of keeping those beds filled!![happy2]Hey DD
I didn’t say cheap in my post. [argue] I am quite prepared to pay the going rate for quality work. Let me know if you want to come down to melbourne and do the job yourself!!!!![winking]
