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  • Profile photo of flavs_75flavs_75
    Member
    @flavs_75
    Join Date: 2005
    Post Count: 4
    April 29, 2005 - 1:34 am

    Thanks guys for your imput.

    surreyhughes19905 – a private sale is a way looking at it. To tell you the truth it never crossed my mind.

    Dr.X – Im currently looking at adding value ie rendering, posible a kitchen revamp. My concern here was that I was going to overcapitlise the property and not recoup the expense through the sales. At least the property is rented and I can increase the rent. So its not a total loss.

    AUSPROP – I agree with you there and hence Im trying to find out the best exit stragtegy. The way I currently seeing is that its costing me money to maintain the prop so I should cut my losses and move on. If I keep the prop and wait for growth will the growth cover my current loss? I dont think so.

    Profile photo of flavs_75flavs_75
    Member
    @flavs_75
    Join Date: 2005
    Post Count: 4
    April 29, 2005 - 1:25 am

    Thanks pasandbec.

    Its good to know these things.

    I too would be interested to go in as a group investor to renovate/improve the area.

    Its definately a problem! [wink]

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