Hi Everyone!
This is my first message, and I’m a bit excited to have just become a member!!!!I have put in an offer on a 5 bedroom house that is in a main street opp. a major bank and the owner has not been able to secure a commercial lease for 3 years. He has just been renting it out for $150p/week privately. Previously he was getting 20K per annum from it being used as a medical surgery.
I wanted to know if anyone knows how to go about contacting the local government bodies in places where you have a good rental in town that you think they would like to rent out?
Hope someone can help!
Cheers[biggrin]miss trump
Maybe try looking under local government tenders in the paper. If it is a house I know that the government are always looking out for propertys were they can put people with dissabilitys or troubled youth . They are moving these people out of institutions and into houses , you may have to comply to there regs . Keep an open mind . Maybe try advertiseing the house out to small businesses . Defence force , student accomodation rent each room out you may triple the return. Being that it was used as a clinic before does it have wheel chair access if so this maybe a market. Do as much reseach as possible for the area see what it is lacking as far as neish markets.
I know this is not much help ,but it may help you think out side the square.Good Luck
Cheers Rick[drummer]
Hi MT,
I hope you have done your numbers on $150/week and not $20K per annum as the annual difference is around $12K.
If the previous owner has been unsuccessful finding a ‘top dollar’ tenant for three years it is possible that there is no call for such a ‘property’ anymore – I would prefer to have researched the availability of a possible tenant/located a would be tenant first.
But if you have you heart set on a government tenant then get in touch with the relevant government employee housing authority in your state and/or the department of housing and works (or similar)
Derek
[email protected]Property Investment Support Available.
Big Thank-yous to both of you for the advice!!!
miss trump
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