All Topics / The Treasure Chest / Student accomodation

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  • Profile photo of Prop16Prop16
    Member
    @prop16
    Join Date: 2003
    Post Count: 145
    September 15, 2003 - 10:57 am

    Hi Folks,

    I was offered a new fully furnished 3BRM apartment for students near the Uni.recently.(64 aparts. alltogether in the 2 storey building)
    Price $265,000.-, Rent $405.-/wk, BC (incl. SF) $37.-/wk, Rates $1,200.-/pa., Man.Fee 7.5%, Depreciation $13,000.- in 1st year.

    Applying 11s: $405.-/2 x 1000= $202,500.-
    Not a good offer right? (still learning…)[^]
    Any comments?

    (Dam hard to find a +cf. prop. and don’t have time to find one)

    Profile photo of --Brett--–Brett–
    Participant
    @–brett–
    Join Date: 2003
    Post Count: 20
    September 16, 2003 - 12:08 am

    To say you don’t have time will be a self fulfilling prophecy.

    Profile photo of richmondrichmond
    Participant
    @richmond
    Join Date: 2003
    Post Count: 831
    September 16, 2003 - 12:31 am

    prop16,

    Brett’s right, you need to MAKE TIME… work out your priorities and go your hardest.

    Cheers
    r

    Profile photo of fulloutfullout
    Member
    @fullout
    Join Date: 2003
    Post Count: 233
    September 16, 2003 - 1:00 am

    hey, where is the place, $400 per week seems too high. I own a few student houses and the rental is like only $300 the best.

    Profile photo of sabwalsabwal
    Member
    @sabwal
    Join Date: 2003
    Post Count: 16
    September 16, 2003 - 1:21 am

    I agree $400.00 seems abit high have you seen the lease papers. Where do you find housing for cashflow just alitte advice would be nice.[;)]
    Sabina

    Profile photo of aj_2aj_2
    Participant
    @aj_2
    Join Date: 2003
    Post Count: 86
    September 16, 2003 - 1:56 am

    How can student’s aford that type of money I’ll have to up my kids rent
    aaron

    Profile photo of Prop16Prop16
    Member
    @prop16
    Join Date: 2003
    Post Count: 145
    September 16, 2003 - 10:31 am

    Thanks for the comments guys.
    Working from 8.30 till 17.30 I only have time on week ends. Browse the net every night but couldn’t find anything special.

    $405.- divided by 3 students (3BRM) makes $135.- per head. Probably for overseas students?

    Profile photo of JohnbJohnb
    Member
    @johnb
    Join Date: 2003
    Post Count: 15
    September 16, 2003 - 10:59 am

    quote:

    hey, where is the place, $400 per week seems too high. I own a few student houses and the rental is like only $300 the best.

    Hi Fullout

    Do you manage the student accom yourself, if not can you help me out with a good agency that does.

    Johnb

Viewing 8 posts - 1 through 8 (of 8 total)

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