Fudge111
Yeah I’d like to check it out…
If its big…zip and send too
kelvinhoosen@hotmail.com

Thanks

I used mortgage choice…they were good but alittle conservative..
which ended up good for me as its was my PPOR and hadnt really had much experience having to put away for a mortgage…

KADAB1

So you were very happy with yours??
Did you have any problem selling??

Kelvin

NeilSD
I asked a similiar question recently “Commercial prop (hotel room)” and the concensus seems be:
-May have difficulty getting finance, or using equity built up in to buy other IP’s
-May be diifficult to sell
-Management fees can be high
-Contracts may include hidden cost etc…

Hope it helps…

Regards

Kelvin
kelvinhoosen@hotmail.com

C2, Terryw, Billfromoz, david femia Thanks for the advice…
I was attracted to the investment because of its low cost 98k.. and the 5yr guarenteed rent ($155wk)so I could easily pay off a P&I loan with the rental income with out any outlay or worries about vacancy, rates, rapairs or maintenance…

Thanks again everyone… This would have been my…[Read more]

C2

Thanks for your reply… yes talking about serviced apartment…
I is +ve, and from a quick calculation will be till interest rates to about 8.0% which gives me a good buffer…
My plan is to keep it long term?? but also want to be able to borrow against it to buy more +ve props, in the future… Thanks for the advice… will definetely have…[Read more]

Being a Perthie… There seems to be alot of inner city apartments around.. and rental vacancy around Perth city is around 7.5 per cent (last API mag) with the rest of perth sitting at around 4.5 or under…
Not much info but hope it helps …

Regards

Kelvin

Chris77
Could you send a copy my way too…

Wow my first post and already asking for stuff…
Thanks in advance… : )

kelvinhoosen@hotmail.com