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Hi thecrest,
We are looking for passive investment of somewhere around the million mark, and are open to both coastal or inland depending on where the situation is. We are still learning and views may change as our knowledge level increases.
rgds LayaboutHi all,
We are new to this forum but have gained a lot of insight from reading all posts particularly "the crest's" posts
We have been in business for many years (production catering) but not hospitality as such. Though we have a certain understanding of the business and commercial leasing etc we are not familiar with the ins and outs of motel leasing.
Since retiring from active business operation we have invested in residential and land development and are now looking for a new avenue of passive investment.,
We have no interest in the managed funds type of investing and while we don't wish to be hands on we do wish to take an active interest so motel ownership appeals in that it could be passive in the extreme given the right real estate / tenant combination.
Judging from previous posts the selection and subsequent due diligence process can be somewhat more drawn out than we have previously experienced but that suits our two year timeline
We are really seeking an opportunity in QLD as that is where we are based so if anyone knows of a suitable property please feel free to PM the details to uswishing all success in their endeavours
layabout
