I think you need to have a look at the Foreign Investment Review Board, the link below, and see what the restrictions are.It also prevents prospective migrants from using "access to real estate owned" as a demand for automatic entry into Australia, plus a host of other problems they want to…[Read more]

Hi GregGood to hear you're a satisfied client.Do you have any other connection with Metropole ? Was that glowing testimonial unsolicited ? So you paid $9000 for them to act as a buyers agent and locate a property for you, you bought it, then they scored the management of the property as well and arranged cleaning and painting, and installed a t…[Read more]

Sounds good so far.Lenders are slightly easier to deal with now GFC wise on motel investment in regional areas like Albury & Wagga. Don't know the Vic towns well enough but Wagga n Albury are strong motel towns, for different reasons, Albury is a bit disjointed geographically in the motel locations but has become a busy service centre,  and wa…[Read more]

Twould be helpful if someone could provide some feedback of any kind based upon direct experience with the organisation in question.cheersthecrest

Hi LJFZZIf you can add some basic details it might help me and others to focus and be more helpful.What aspect of motel investment are you interested in ? i.e. freehold, lease, passive investment.Do you want to operate the motel yourself or not?What geographical area interests you?What price bracket ?What type of motel – restaurant? stars?…[Read more]

Hi NickThere are some very deserving and professional brokers on this forum who've been helping lots of people with finance and free advice from way back and continue to do so, they're recogniseable by having a zillion posts and early join date.cheersthecrest

Tks W4Lappreciate it.  cheersthecrest

Hi W4LGreat info and food for thought."  Also all the wealthiest people in Australia invest there … John Symonns Aussie Home loans … Harry Trigerboth Meriton … Packers … the list goes on …"  quote from your post – I merely commented on what you raised in relation to investment in CBD so definately relevant. This was why I mentioned Pa…[Read more]

As I understand it, the spirit of this Forum is to help others and ourselves by requesting information, asking questions, and sharing information by posting it and discussing it.  AQs far as I'm concerned, this Forum is a fantastic place to get and give help, and it needs people with the right attitude.If you don't want people to ask you q…[Read more]

1. Why mention Japan China Korea or NY ?2. Packers fortunes very mixed. Unsure about the others, most of 'em can afford to lose a whole suburb.3. Following Packers n Murdochs has already cost me money in the past.4. Care to share any real figures on Elizabeth Bay & Potts Point ? Any real data appreciatedcheersthecrest

Hi W4LAre you talking about walk-ups?lifts?how many floors?strata costs ?You gotta good agent in that area ? thecrest

The motel industry market is busy again, buyers are actively seeking properties.That should make finance a little easier to get.We are engaged with one prospective buyer of our motel property who has placed a deposit, awaiting contracts and agreement on side issues.Other prospective buyers are also vying for the motel property so we are feeling…[Read more]

I wouldn't be too worried about the software engineer, he may be lousy at his job, and he may have bought a $2m apartment and struggling to pay the mortgage, no wonder. Might be a bad driver too.Packer had to compromise – sold the QE3 to downsize to the $30m runabout last week, so it's all relative.It's like these car ads where they say wowee it…[Read more]

It's a comparison from time starting now really, as I see it.Compare leaving the investment as is, or what could you earn elsewhere if you sold it for "market price" now and used the funds elsewhere. The past is gone.Cheersthecrest

Has anyone read Robert Kyosaki's "Conspiracy of the Rich" ?I keep getting promo emails from them talking it up big time, but need to hear fromsomeone who's actually read it, not just the hype.Suggest reading 10 books, incl Lomas, Steve, Rich Dad Poor Dad, go through the complete bestseller list of property investing, part of due diligence and  c…[Read more]

Hi MisterDon't dwell on it and let them get you down, they just don't care.Offer very attractive terms for the local Agent(s) to sell it and let them look after the sale, and move on, otherwise it will sour your efforts and motivation. The scum will show through in the next house for what they are for the whole town to see, without your telling…[Read more]

Congrats Ben on your launch.Plenty of experts on here who can give you many scenarios, so crunch the numbers carefully to get the best return.Finance is a vital ingredient as you know so make sure you discuss scenarios with the finance brokers here who have lots of experience and a willingness to help.Good luckcheersthecrest

Yay, finally found good managers for my motel, who will run it till it sells.It's on the market with a number of brokers so if anyone is interested in buying a commercial property returning 10% rent from a long term tenant, or a motel leasehold to buy and operate returning 30% with a free home thrown in,  please contact me. This is a solid rel…[Read more]

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 a

Freehold    for  $457   ( assuming LVR of 40% ).

That does not include costs for stamp duty, loan establishment fee, valuation on equity,  and legals etc.…[Read more]

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 etc.If that equity…[Read more]