The guarantee sum is 520 net for a year. Body corporate and insurance and council rates borne by me. Other than that we pay for finishing the unit which comes to about 20k. They are able to provide the guarantee as they explained because they are confident of the holiday rentals happening at least at 70 percent occupancy.

When we bought the…[Read more]

Thank you Richard and benny for your replies.

I have thankfully received valuations which is the same as the purchase price and all being sorted in terms of mortgage.

Yes onsite managers have purchased the rights. And they could manage the property either by letting as holiday apartments or as typical permanent rent. They are only providing…[Read more]

Hi,
May I ask how you secured your deposits for your first ip being so young?

It’s extremely admirable with what you are doing. What had inspired you to even think of buying your first property?

Thank youRichard for your response.

Thank you again Richard.

What about the Broadbeach area. I have told there are some good investments, particularly given the new convention centre, infrastructure and other development.

May I ask for those actively involved in property investment, as rental is a source of maintaining the property. What happens when there are cash outflows? How…[Read more]

Thank you Richard for replying.

It was the kyc documents. Being overseas there was confusion on who authorised persons can be. It has been stressful getting it done.

It’s an apartment in St Lucia. What are views of Gold Coast? we were advised that surfers paradise area may not be a viable investment option. Although that depends on our…[Read more]