TiffanyG wrote:
Hi,

So a person I know who is currently overseas bought an “investment” commercial property from a company called ozzieoppertunities 4 years ago in Brisbane on the Airport Road in the Gateway Business Centre… the people who sold the property have been acting as agents and haven’t been able to lease the property for the last 4…[Read more]

It varies so much from area to area that it’s almost hard to give a straight answer. We do most of our stuff here in Canada but a little in Australia as well. In my hometown, you almost can’t get a tenant to sign a lease because the businesses are struggling so bad and there is so much vacant property. In Toronto, they won’t bat an eye if you ask…[Read more]

What are you specifically concerned about with your acquisition? There are always ways to ensure you are protected.

For a rental, I’d only put in lino. It’s the most cost effective solution, looks nice and also as a side benefit is appreciated by people with allergies.

Although even better than that, screen your tenants harder next time. You don’t want losers in your property that don’t treat it like their own.

I’d never pay in cash if you don’t have to. Donald Trump says you’re “being lazy” if you use your own capital. At the very least, see if you can get a line of credit or something. Just don’t over-leverage the property.