Forum Replies Created
Gday 'thecrest', thanks for the detailed response. Thanks for the offer with respect to a copy of a lease, I do need to see some examples. Happy to provide my email (but what does PM me mean?) Sorry, i'm a bit IT challenged. I see the list of brokers you provided in one of your other posts and have perused them, is there an industry body/association where people register their interest to buy or sell or have the ability to source further info? Further to this, what would you suggest the market price is to sell additional years of lease and at what point of time during the lease period do they generally seek additional years? Hope people don't mind the barrage of questions.
Thanks.Thanks for the reply. We are specifically searching for a passive investment freehold and are advised that 9-10% ROI is the current expectation. Our financier has determined the level we need to work within is 1.4m – 1.6m based on a 65% lend which is their maximum these days due to GFC. Hoping for high quality, modern facility in major regional Victorian (or southern NSW)location such as Shepparton, Ballarat, Bendigo, Albury, Wagga Ect however happy to receive advice on other appropriate locations. Wanting to provide a safe secure long term (15yrs or so) investment to see us through to retirement.
Hope that's enough info to get us started.
Regards LJFZZHello thecrest, I am new to this site and have never been on a discussion forum before so I hope I'm able to successfully communicate back and forward. I was attracted to join the site afetr reading comments on motel investing which is of interest to me as I am currently trying to source our first investment motel and on a steep learing curve. I would be happy to receive further advice from you or others with respect to this.
Thanks
LJFZZ
