My past investing has been limited to houses and units. I have noticed alot of “motel style units, strata title” for sale. Can anyone give me some feedback on pros or cons relating to these types of units.
There is no turning back.
http://www.foilbiz.comHi, Tuttsy.
I have been watching for someone to reply, as I would be interested in this type of property.
Since no oneis replying, would you like to email me some info?
[email protected]Three kinds of residential that banks hate: Motel style units, studios or bedsitters and company share apartments. Many lenders also have a “minimum floor area” filter before they’ll consider lending.
One way out, for exceptional deals only, is if you have other investments, gear them up to buy a motel unit or similar, for cash.
I hesitate to buy special purpose-built residential. You want to be able to market to the widest tenent base or buyer group. Vry small units are a niche form of supply.
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