As the title suggest we are new.
We are looking to purchase our first property.
We have been recommended to buy a hotel room as positive cashflow, as opposed to normal strata title flat.
We would like to hear from people who have either done this, going to do this or suggest against it.
[wink]Hello pauldwilson
This question has been covered many times in the forum and I think it’s fair to say that most people don’t like this as an investment.
If you use the search function (in forum drop down list above) and search for hotel rooms you will find many interesting threads.
To start you off here is one I found for you
https://www.propertyinvesting.com/forum/topic/25370.html?SearchTerms=hotel,rooms
Hope this helps. [smiling]
ElkaThese have high yields as they have low prices. This is because the yare not a popular investment.
They also pay the salespeople a higher comission to move them.
Please be very sure of what you are buying before you make the decision to enter into such a deal.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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