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Sorry mobile number is 0419798990, David
Hi TTRTR,
To give you some food for thought, we are close to finishing a new website & company to form a group to purchase 20+ motels or management rights with leasehold at 25 to 30 years.
This will be very profitable, with you to chose to manage or not, with a salary.
For more info please call David Boyd 0419898990, regards DavidHi ttrtr, it is correct to say there is a lot to learn. I have been studying this industry for about 2 years trying to establish a new system of owning & developing several motels. It is difficult to break into a system that I admit has been successful.
But the world has changed, in particular, banks & finance. It has also been changed by AIRBNB, UBER, TRIVARGO,etc. The first name is in fact a challenge to the motel industry, people have learnt quickly that their house can become a money earner. The above booking agent is in fact dipping into some industry profits.
The major thing to understand is that FREEHOLD MOTELS returning 6% to 12% & gain in value at perhaps 2 to 3%pa, fall far short of leasehold properties that return anything up to 30%+ over 30 years. Yes the lease declines in value but over 30 years the return is substantial.
My proposal is a group to purchase several motels, NO MORTGAGE. Please call 0419798990, David, anytime.
