Forum Replies Created
Mortgage Hunter said : “Someone once said: “A man will pay double to buy something he needs whereas a women will pay half to buy something she doesn’t need.” “
Please Simon, don’t hide behind ‘Someone’.
If you want to make a statement do so in your own name and accept the risk of the ire of all women folks on this website coming down onto you. [
]Pisces
>>So for example, residential property returns are lower, there risk might be medium, as opposed to commercial properties which are higher risks.<<
I beg to differ Elves. There are far less problems with retail shops than with residential tenants.
(I hope that I got it right in that you were referring to retail property when you spoke about ‘commercial’)Some residential tenants create havoc, give you apoplexy in addition to perhaps getting one into financial strife.
If one has a retail tenant the tenant knows that his rent is priority number one as he will lose his business if he gets kicked out.
Many such tenants remain in your premises for years and years and when the time comes they want to bow out they usually will find a replacement tenant to take their place (so they can sell their business goodwill).
If one is unlucky and gets a tenant who isn’t making money well you don’t want him anyway so what. Wait for the next reliable milk cow.
It goes without saying that it is absolutely imperative that one is aware of the three most important things to look for when buying retail premises.
Anyone who is thinking of going in this direction is welcome to email me and, for a payment of $ 1,000, I will be happy to disclose these three most important things which will enable one to select good retail property. [
]Let me see now. Thirty thousand members, even if only one percent of these is anxious to learn the secret of succesful sourcing of retail property I’ll collect somewhere around $ 300,000. [:o)] [:o)] [:o)]
Pisces
Hi Celivia,
You said : “Yes, this would be greater than great! But the fact that my husband is a licenced carpenter doesn’t really help if the property is a 6 hours (or more) drive away, and he’s stuck in Sydney because he has contracts here and can’t get away.”
There really isn’t a lot of difference who carries out the work.
If your husband does (carry out the job for you) it cost him because he misses out on doing other (paid) jobs.
So what difference does it really make if you need to pay someone else for doing the job as at the same time your husband will earn equivalent moneys at his own job.
Yes, there is a difference I guess, your husband would be working longer hours. [
] and in a way you would have to allow for his wages as he could have been earning money doing a job elsewhere.I don’t quite understand it when you say “I’m lacking the experience to know whether a reno will still be worth it if you have to have all the work done by others.”
Presumably you do obtain quotes (or at least some idea how much the renovations are likely to cost) before you decide to buy don’t you ?
Pisces
Kay, a mezzanine floor is another floor level being created in the same space. If the ceiling is high enough then there is room for another level. So mezzanine means something like ‘in the middle’.
And here I thought you knew EVERYTHING. Shows you how wrong I sometimes can be [
]Pisces
Royboy said : ‘ Most of Collie is for sale (good bargains if your looking for a ghost town).’
A cult like say a Rashnich type group (the people dressed in either orange or red) may be interested in setting up in town.
Get plenty of options and start selling Kay. Go for your life.
If only you had gone on the inspection tour with Vic Ollis you would have picked up some important clues as to how to go about promoting such properties.
Hey, that’s a good idea. Get options and sell them to Vic Ollis.
Oh, I forgot, you don’t want to deal with people like him [
] [] Too bad.No, no, no, I am not at all saying that he (or they) are too bad. I merely wanted to say that it is too bad for you missing out on such an opportunity of making a sale to Vic because of your high ethical standards.
[]Pisces [:X]
>>A bit off the topic, but the first time ( and only so far ) I played Cashflow, I won . Played against experienced players too.<<
Myydral, I suggest you don’t ever play again so as to not spoil your record [
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Pisces
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