Hey guys, just wondering what you think of this unit as a first investment property/ first house purchase:
Regards,
Alex.
Alchemisst wrote:Hey guys, just wondering what you think of this unit as a first investment property/ first house purchase:Regards,
Alex.
Alchemisst, Try applying 11 sec solution
What's that?
Alex wouldnt touch it with a barge pole.
You wont get finance on it past circa 60% lvr so will need a decent deposit and all of these Hotel managements are only as good as the Company behind them offering the lease or guarantee.
Usually $2 shelf companies.
Several in Brisbane have got into liquidation and the investors left with a room and nothing to rent.
Richard Taylor | Australia's leading private lender
Alex wouldnt touch it with a barge pole.
You wont get finance on it past circa 60% lvr so will need a decent deposit and all of these Hotel managements are only as good as the Company behind them offering the lease or guarantee.
Usually $2 shelf companies.
Several in Brisbane have got into liquidation and the investors left with a room and nothing to rent.
Richard Taylor | Australia's leading private lender
Thanks for the advice, could have saved me a headache there. So hard to find a decent investment property though.
I wouldnt touch it, I would have to get it for 1/2 that price to consider it…
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