Total Members: 159,187

Paco

  • Paco replied to the topic Motel Investment in the forum Commercial Property 13 years, 5 months ago

    Ta,Have done that, thanks again.Paco

  • Paco replied to the topic Motel Investment in the forum Commercial Property 13 years, 5 months ago

    Thanks thecrest,,Looking for motel leasehold, any area NSW country, 3.5 star to 20 rooms?, no restaurant, unable to determine price range until I can determine availability of funds thru either equity, cash thru sale of investment properties, super funds (if possible or required) and any severance monies acquired once leaving job after 16yrs.I…[Read more]

  • Paco replied to the topic Motel Investment in the forum Commercial Property 13 years, 5 months ago

    Gday thecrest,I know this is an old post to which I reply, but can you clarify the "equity" component here. As I understand it, the 80% lend is based on the total value of the property, ie; home value $500K, owing $271K = equity of $229k.You say a lend of $183K is possible, but I believe it should be calculated thus, (or at least this is what I am…[Read more]

  • Paco replied to the topic Motel Investment in the forum Commercial Property 13 years, 5 months ago

    thecrest wrote:
    Quick reply as requested.In theory $229K equity, mortgaged to 80% of its value, ( $183K) will enable you to borrow enough to buy a :Leasehold for $366K ( assuming LVR of 50% ) or aFreehold    for  $457   ( assuming LVR of 40% ).That does not include costs for stamp duty, loan establishment fee, valuation on equity,  and legals…[Read more]

Paco

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
159,187

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!