Hi InvestorarmGutsy. If it's Finance you need, then I suggest you get with the mortgage/finance brokers on this Forum who have thousands of posts to their credit accumulated by being here and providing help for forumites like us for a long time. Also sounds like you need a lot of other experts too. Good luck with the project.Cheersthecrest 

Hi McGrandlesSorry about your stroke, hope you are recovering well.Agents and their sales staff work for money, excuse me stating the obvious. If time is more important to you  than the sale price, then i suggest you offer a bonus commission to the agency if they sell within a set period and above a set price. Make sure the price you set is ma…[Read more]

debski wrote:
Hi,My husband and I are interested in running a motel.  Can anyone share their experiences/opinions in this area with us?  We would want to run the place ourselves as much as possible.  Since our personal accommodation would be on site, I would imagine that personal cash outgoings would be minimal which is a big incentive.  What…[Read more]

Drove the Nerriga road to Braidwood about 4 months ago, looked like lots more to do yet, some of it still 4WD territory then.East Nowra – checkout the road to Springs Resort Club/Golf/Motel , you're not kidding about the low socioeconomic factor there, and I'd want a river at least as wide as the Shoalhaven between any IP of mine and the gaol, and…[Read more]

Hi PaulHave you checked out the RESULTS program on this website ? see right hand side ad for it "One on One Mentoring".It was great, and for the money, you get 12 months mentoring, seminars, heaps of help, I got a lot out of it. My mentor was Brendan. Use this forum as you are doing, and do your due diligence on a course. If you make it a rule…[Read more]

You shared motivation on the previous goal, reaching Oz. .   Can you help him find another goal to share with you ?He may want to lead, not follow, depends on the culture. Ask him to list his goals or preferences in order.Damien may be right too, about him liking numbers, and your own talents may harmonise without being identical, complementary  t…[Read more]

Thank you for that Auguries, and yes it's going well for us.There are some great opportunities out there for the finding. We're in search mode for leaseholds to operate under management.As you know, Passive income motel opportunities can be found by buying the Landlord side of an existing motel lease with a tenant in place who operates the motel…[Read more]

View it as a buyer would – If the renew option belongs to the tenant, you can only offer a buyer a definate 3 years, what appears to be the likelihood of the tenant staying longer ? Can you sign a longer initial period to make it more attractive? e.g. 5x3x3 with long periods of notice required to renew or allow to lapse?  e.g.6 months ?Tenants are…[Read more]

Hi AllanIf you use residential property equity for a deposit, the interest rate can usually be negotiated at res rates pro rata.If you have some funds in term deposit, they can be tagged(locked in, secutitized)  by the lender, left there to reduce cash deposit.You could negotiate a deal where your initial principal repayments for the first 12 mon…[Read more]

Sounds like you've got it Keily. Somewhat like anything else in commercial property,(and residential too)  stability depends on the quality of the tenant.However, the quality of the tenant depends on the qualities of the property, and it's ability to attract a quality tenant.Chicken and the egg thing, depends where you start, meaning if you buy a…[Read more]

Just ask these salesmen on the way in if they take deposit cheques from women ?  Then ignore them.cheersthecrest

Been a PM in NSW.  Kept a few tradies in work, so they were always willing to do a bit extra here and there for some of the properties I managed, which is acting in the property owner's interests, which is what the PMs are meant to be doing by law at all times. Kick-backs would increase costs for property owners and would not be in their…[Read more]

Quality and quantity should be considerations, in growing Australia. ( It's doubtful Gillard or Wingnut have plans past next week at this stage.)Neither of them would have more than 3 shirts ironed at the moment.It'd be good to hear the Govt's big plan, assuming they have one, rather than just Dick Smith's, although I applaud his effort in getting…[Read more]

There's nothing like a good idea . . . . 

Many have benefited from his books, created turning points for themselves, created better attitudes and mindsets, don't care if he is poor or rich. The man has had a huge positive effect on so many people, including me. Not sure I like the comment about low socio economic classes, but there are certainly plenty of appreciative people who aspired…[Read more]

Good one Banker, we need all the strategies we can get.cheersthecrest

I just love Wagga, still looking for a motel there, pls let me know if you hear of one for sale.You picked a great place to live Jacqui.cheersthecrest

Someone sent me this yesterday, helps with perspective on the number  " one billion ".Can't vouch for its mathematical accuracy, but it's interesting. Conspiracy of the Rich, yes read it, don't have the knowledge or time to check his claims, butI agree we're an ant heap being mined by the powers that be.I've seen first hand the weapon of illit…[Read more]

Have you got a New York Lawyer/Tax Specialist you could send the book to ?

Update :We have finally sold our motel, took about 2 years.Split it into a leasehold and sold off the 2 parts of the lease, landlord and tenant.Like owning a building and a restaurant business in it. You can create a lease and sell the building off to an investor who just wants to own a tenanted building, collect rent and not operate a…[Read more]