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mrtender

  • mrtender replied to the topic Gold Coast Commercial Investment property in the forum Commercial Property 14 years, 1 month ago

    I suppose the thing that I am not sure about is … are there buyers out there looking for commercial properties with a return of 8% or 9%?

  • mrtender replied to the topic Gold Coast Commercial Investment property in the forum Commercial Property 14 years, 1 month ago

    Ok thanks.

    I’ll do that … I’d image that cap rates would be around 8% – 9% … at a a guess.

    So that would value if at
    9% = $1.94mil
    8% = $2.18mil

    And at a worst case scenario …
    10% = $1.75mil

    And best case
    7% = $2.5mil

    Seeing i’m buying it for $1.6 … it sounds pretty good.

  • mrtender replied to the topic Gold Coast Commercial Investment property in the forum Commercial Property 14 years, 1 month ago

    Thanks Michael.

    I have the tennant lined up. They are willing to sign for $175k pa + gst + outs

    Anyone know what this would put the value of that place at fora reasonably quick sale in the current climate?

  • mrtender replied to the topic Gold Coast Commercial Investment property in the forum Commercial Property 14 years, 1 month ago

    I suppose some kind of clarification …. I have an opportunity to buy this empty building for $1.6mil … and put in a tenant on those terms….

    I want to sell the building immediately after the tenant moves in… and make profit.

    The tenant is secure, and established in different premises and ready to move.

    If I do this I want a quick sale……[Read more]

  • mrtender replied to the topic Gold Coast Commercial Investment property in the forum Commercial Property 14 years, 1 month ago

    Is that a net or gross lease?
    Net. They are paying $175k + gst + outgoings

    Do they have any options yet to be exercised?
    Yes. I will be selling the property with a brand new 3 + 3 + 3 lease

    Is there any hardstand & how much?
    about 40 carparks

    What sort of construction? How old? What condition?
    20 year old. Brick

    How much…[Read more]

  • mrtender replied to the topic Australian property market; sustainable? in the forum Very interesting topic
    There
    14 years, 9 months ago

    Very interesting topic

    There is no question –

    1. End the the first home buyer grant … PLUS
    2. Rising interest rates … PLUS
    3. Scaling back of government “emergency” policies that induced economic activity ….

    EQUALS

    Definitely -> More defaulting mortgages
    Definitely -> Flat prices
    Definitely -> Bargains to be had
    Possibly – Real Estate…

  • mrtender replied to the topic Interest Only – Arrears or Advance? in the forum Finance 16 years, 7 months ago

    Jaleesa wrote:
    I get .7% off standard or 0.15% off fixed.

    What is the % rate after the discount  Jaleesa?

  • mrtender replied to the topic Interest Only – Arrears or Advance? in the forum Finance 16 years, 7 months ago

    Well… Humble pie is what i am eating….You were right jonrob and qlds007….I got an answer of  … " Sorry mate there is no room to move"… The IO loan is at rate of 8.56% with no fees…. which is what they advertiseI am excited about this IP though…. it is a ripper

  • mrtender replied to the topic Interest Only – Arrears or Advance? in the forum Finance 16 years, 9 months ago

    Hi TracyMy beef with the NAB's fees is really not to do with property or mortgages…. it is more to do with my business, which happens to be a very high transaction business….  $15mil turnover with an average sale of $80   =  a lot of individual business transactions = a lot of fees. $15 mil  turnover might give you the impression that I am l…[Read more]

  • mrtender replied to the topic Interest Only – Arrears or Advance? in the forum Finance 16 years, 9 months ago

    Sorry to slam the bank that you work for jonrob. I do have a tew frustrations with the NAB. The transaction fees are horrendous, and after being with the NAB for 15 years i am sick of these fees…. although the personal service has always been excellent… the NAB has never bounced a cheque on me even when I have been overdrawn…. they have…[Read more]

  • mrtender started the topic Interest Only – Arrears or Advance? in the forum Finance 16 years, 9 months ago

    I have a question regarding Interest only loans.

    I intend to borrow $320,000 for a residential IP.

    I bank with the NAB, and I can get approval there pretty easily… I am also going to negotiate hard for discount off their advertised rate (GIMME THE LOAN AND A BETTER RATE OR I'LL TAKE MY WHOLE FRANCHISE GROUP AWAY FROM YOUR BANK!!!!! …..…[Read more]

  • mrtender replied to the topic Quantity Surveyor / Depreciation question in the forum Legal & Accounting 16 years, 9 months ago

    Thanks blueheeler and LA AussieAny chance at getting your best guess at what the depreciation figure might be? Maybe a "from this" "to this" number?I have absolutly no idea …. and I cant really the the report done until I own the property. Your best educated guess would really help me crunch some numbers.Thanks again

mrtender

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