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No scared off – been a little busy with my 9-5 job.
What i was looking at is a Quest apartment in NZ – been going through the old threads and found the biggest concern is an exit strategy, the cost of replacing the furniture after 5 years, and some talk about quest able to not manage it or something like that after the initial agreement period.
Does anyone have experience with Quest and if so what has happened after the original 2 year guarantee period is up? Re exit strategy – if the net returns can continue doing what the 1st 2 years are guaranteed to do – ie pos cashflow for me – then I’m more than happy to hold on to it for future income (understanding that sometimes circumstances force your hand)Using Joffas calculator all figures look ok. its just what happens after the 1st 2 years that i need to investigate now.
Cheers
PropertyPlusDetails of something I am considering
Hobson Street Auckland
2 Bedroom, managed by Quest
PP $NZ $260K
Rental return: 6.6% Net (Guaranteed for 2 years)Yes – it does seem like inner city dwellings are overwhelming esp in Melb but if you look at the stats and the ABS predictions, there will still be a shrtage for quite a while.
Don’t have the time to do much work on renos.
