All Topics / The Treasure Chest / Commercial Properties

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  • Profile photo of CoreyCorey
    Participant
    @corey
    Join Date: 2001
    Post Count: 1
    May 23, 2002 - 7:02 pm

    Hi Steve

    Please tell us more about you first commercial property investment
    Did you buy it in a company name ?
    Did you need an ABN ?
    Did you register for GST to claim back the GST portion of your tenants rent ?
    Is the rent calculated on a per annum basis with an option to renew ?
    Did you use a lawyer to draw up the lease ?
    Did you use an option contract ?
    Is the rent calculated on the number of square meters available to let ?
    How is your loan structured and with whom ?
    What LVR did you require to avoid mortgage insurance ?

    Why have you ventured into this type of investment ?

    Corey Thompson
    TeamUsana
    http://teamusana2.com/show.cgi/Corey

    Edited by – [email protected] on 24/05/2002 05:52:14 AM

    Edited by – [email protected] on 24/05/2002 4:54:09 PM

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763
    May 24, 2002 - 11:36 am

    Hi Corey,

    Lots of questions here – what I plan to do is address them in the next newsletter that I write.

    However, for the time being I can say that there is a pre-GST lease in place until 2004.

    I have purchased the property in a trust / company structure, which is registered for GST.

    Loan is with the NAB based on either 70% or 80%LVR (still negotiating).

    I have gone into commercial real estate as it seems like the next logical progression for David and I in our investing pursuits. Yields are good and the competition for residential properties is making it harder and harder to find great deals.

    Regards,

    Steve McKnight

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of DeanoWDeanoW
    Member
    @deanow
    Join Date: 2002
    Post Count: 1
    May 24, 2002 - 12:35 pm

    Hi Steve
    Thanks for the great site.
    I am curious to know more about commercial property investment too. Is there an 11 second type rule you can use and what other tools do you recommend for evaluating a deal?

    Will you be doing a general description of how commercial property investing differs from residential, and what to look for in a deal?

    Thanks mate

    kind regards

    Dean

    Profile photo of ChrisBedfordChrisBedford
    Participant
    @chrisbedford
    Join Date: 2002
    Post Count: 23
    May 25, 2002 - 1:42 pm

    I get the impression that commercial property is quite a different animal to residential so I’ll be looking forward to the next newsletter Steve. [;)]

    Chris B
    http://www.tradingsecrets.com.au

Viewing 4 posts - 1 through 4 (of 4 total)

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