Positive Cashflow Property – Lease Hold Land

Hi there,

I am thinking of purchasing a property for around $300K with a rental return of just over $600 / week . Secure tennant, Mining town but on native land, so lease hold only. New term of 30 years just agreed upon. Unfortunately I have never ventured down this path before, so am a bit clueless when it comes to the whole “lease hold” thing.

If anyone can let us know of their experiences with lease hold, obtaining finance or any pro’s and con’s of it all, it’d be greatly appreciated.

Thanks for your time,

Mark.
Mark.