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  • Profile photo of milmanmilman
    Member
    @milman
    Join Date: 2012
    Post Count: 4
    June 10, 2012 - 12:19 am

    THANKS CREST
    SLOWLY BUILDING SPREADSHEETS OF CASHFLOW SCENARIOS

    MILMAN
    I was confused but now I'm not sure

    Profile photo of milmanmilman
    Member
    @milman
    Join Date: 2012
    Post Count: 4
    June 9, 2012 - 7:35 pm

    Hi

    If  the rent for a leasehold is currently 159k excluding GST.
    Does that mean one has to pay 174k all up.

    With a 22 room motel what would be the average claim for depreciation (div 40)?

    Thanks
    Milman

    Profile photo of milmanmilman
    Member
    @milman
    Join Date: 2012
    Post Count: 4
    June 6, 2012 - 11:37 pm

    Thanks Crest
    requirements  :
    time requirements- no restraints
    number of family members – husband and wife
    Bedrooms required – at least 2
    Pets- 1 small dog
    Pool?- ?
    Region- anywhere profitable not coastal
    Price bracket –  600k-875k (if house sold)
    Reno / trades skill level- minimial
    Admin skill level- quick to learn
    Customer skill level : good
    Flicked your list of requested items for  a couple of motels to some brokers.
    Just a matter now, to do as you suggested and table results to narrow down choices.

    Thanks once again
    Milman

    Profile photo of milmanmilman
    Member
    @milman
    Join Date: 2012
    Post Count: 4
    June 6, 2012 - 10:33 am

    Hi – All
    My wife and I are looking for a leasehold motel.
    Just went to a seminar at Caloundra .
    From what I can gather no restaraunt, 30 year lease and not coastal.
    Although, we tasted the Tancredi prepared meals and they were great.

    We are currently wading through loads of information. It's hard to determine what is fact from fiction.
    After signing a confidentiality agreement, should monthly cash flow figures be supplied  with the profit and loss statements?
    What are your thoughts on motels in Lismore?

    The start  of a new learning curve.
    I have enjoyed reading previous comments.
    Thanks
    Milman

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