Hello Scott, Ive just started looking for advice and found this site and then your email. I jointly purchased a Commercial building in Hobart last year. We have it on interest only payments and have no problems paying these installments. The property has 11 ground floor shops and they are all rented out. I am looking to develop the 2 upper floors into appartments for rent. We dont have any more capital and will obviously need some money to achieve this. Im not sure how you go about getting investors or what sort of loan to get. Not sure full stop. Any ideas would be great.
Also I own a residential property in Alice Springs. This seems to be raising in valuue quite well. I plan to buy another property in Alice Springs to ove into. The one Im in now will become the investment property…….be good to get some ideas on how to maximise and allow me to buy other property.
Thanks Will
quote:
The invitation is open to anyone (I might regret this!!! []) I know I’m being kryptic, But if you email me, with your details and ask for advice I’ll help anyone who’s willing to help themselves. I’m not offering a free ride or some magic formula though! I’m just a beginner too!!! But I will steer you in the right direction. Who knows you might learn from my mistakes.[]
Cheers,
Scott S[]
“Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph pole and you’ll shoot yourself in the foot!”
-anon