Hi SstracheQuestions.Which part of the lease are you intending buying –  the tenant  or landlord ?Are you going to operate the motel yourself, or under management ?What price bracket ?Location or town  – Where ?How old is the building ?How many rooms ?Star rating ?With or without restaurant ?What's the nett after rent, turnover, and rent ?How many…[Read more]

There are also some very helpful financial advisors and finance brokers and other professionals on this Forum but particularly those with thousands of posts to their credit to show thay have been on this forum helping people for a long time, and I personally feel they deserve our business before others who may have something to contribute but to…[Read more]

You're already on track – you're using the Forum as it should be used – for doing your due diligence on a scheme before parting with funds. Funny how the funds are up front and real money, and the promises are scheduled to be delivered later and haven't materialised yet, and $45K !!!!!  Struth.$45K is another house as you already know, suggest y…[Read more]

Hi RichardThanks for your help on this one, help is always appreciated.The idea of trusts appears to suit our investment needs but we need a better understanding of trusts before we can discuss them and reach a decision. We are considering forming our own investment syndicate to purchase some motel leaseholds and need the flexibility of something…[Read more]

This is a hollywood plot, right ?

Unique property to sell, 2 people involved who don't know how, without meaning to be impolite it sounds like the blind leading the blind. You could start with appraisals from 3 known local leading real estate agents, and then take at least a week choosing one. You could spend the $300 something on an independant valuation, talk to your local ba…[Read more]

Change is now an accepted part of our lives.I believe that older people need security of tenure but must appreciate change as well.Your tenants deserve favouritism so I would suggest you give them what you can, which is time and options.Perhaps by working with them, they may decide to stay and enjoy the better lifestyle at the increased rent, or…[Read more]

Buy an option to purchase whicj might help the vendor keep the Bank away a little longer and advertise it immediately, if there is scarcity you might be inluck.cheersthecrest

Thanks Richard, appreciate the help, have sent you an email.Cheersthecrest

Rural towns, usually long vacancy periods between commercial tenants.Hope you don't mind my posing some questions to point out vital areas.How many physiotherapy practices in the town / at the hospital  ?How many doctors ?How far to the next physiotherapy practice ?Why would the physio want to stay there and not some other premises in the same to…[Read more]

Spent the whole day yesterday in Dept Fair Trading (DFT) trying to resolve issues raised by a member of the strata to which I belong.DFT provides a complaining strata member who makes an application with a mediator, meeting room, expert guidance in Strata Schemes laws and procedures.So if a strata member is dissatisfied with a Body Corporate…[Read more]

HiMight be looking for one myself soon, so I made enquiries with the Strata Schemes section of NSW Dept of Fair Trading and a very helpful person there suggested I try :Institute of Strata Title Managementwww.istm.org.auSydney tel. 02 9904 8499Hope we both find a good one.Cheersthecrest

Don't know where the property is but here goes.Suggest you regard the request as the tenant saying –  "I like it here and don't want to move, and I don't want you to be able to move me or increase the rent, it costs to move, and  it's a war out there amongst the homeless tenants competing for available properties". Hold onto your options to r…[Read more]

Sorry, your post said you were desperate and confused etc , glad you're better now and cool with your head on.Plan carefully.Cheersthecrest

You could always ask the Lending Bank if you could switch to a lower limit card with them, if you have available credit you don't use each month, so they don't unnecessarily limit your borrowing.cheersthecrest

I thoroughly enjoyed the event last year at Darling Harbour.It got me out of the usual routine, put huge energy into my life and I used it to generate opportunities.The event is worth what you can mine from it. It's a mutual mining event.The cosmos does not deliver to dead sites, drained batteries don't even put a blip on anyone's radar.The…[Read more]

I imagine in practical terms that your estate should honour the option over the property since it pre-existed your departure.Then if the option expires, end of option, but if it is exercised, the Bank and executor should closely follow the process and outcome to ensure the optimum value is realised and distributed according to your estate's…[Read more]

Suggestions – replace upheaval and confusion with home safety and stablilty, giving youself time to decide longer term goals.  It's risky to make long term decisions during periods of short term emotional turmoil and confusion.Keep the job for now. You need stable income, work colleagues, something that doesn't change. Stay near or in close to…[Read more]

Usually a motelier has to buy all the rooms with a big 50% deposit, then at his own expense run the infrastructure of marketing, booking, maintaining and cleaning, and do it with commercial loan rates usually 1 – 1.5% above housing loan rates.However it gets better when someone else , the investor, buys the rooms for him, and motelier is now a…[Read more]

The ideal rent roll to manage comprises quality properties with few maintenance issues, gainfully employed carefully screened tidy tenants and polite generous calm easy going appreciative landords always willing to spend on their properties to keep them up to standard and keep the tenants happy.  A professional PM could single handedly manage a…[Read more]