Forum Replies Created
Hi Ropati,
My views:
Where are you thinking of investing – and for what purpose – this is the key in deciding which course of action to take
Other questions like:
Capital Growth or Cash flow?
What equity would you have for investment?
Serviceability?
Congrats for taking the first step and good luck with your journey!
Hi thecrest
Sorry have been tied up elsewhere lately…
With Investment Motels, if a Motel refurbishment is not up to the standard required by the brand, who is responsible for spending the refurb money, the tenant or the landlord?
I had the impression that as it was in the tenants interest more for the business, it would be the tenant. Am i correct in assuming this
Cheers
Bobbsthecrest, By the way I have PMed you, Pls let me know if you have not recd itThx
Cheers
BobbsHi thecrest,
Totally Agree with your BANK comments, unfortunately cant live without them!
My motel site is in Wentworthville Sydney
Do you know the area?
The nearest competitor is Formula1 about 1.5ks down the road on the Great Western Highway.
Cheers
BobbsHi thecrest,
Pls educate me on how to PM you….
Re the Motel, it is exciting however banks are extremely conservative at the moment & so are valuers, so it is a double whammy. Plus the QS professionals put a high figure on construction cost, which makes it challenging to justify project viability to the bank.
LVRs are becoming more conservative for total project cost, which means very high equity is required to make this work.Hi Thecrest,
I have been reading your posts on Motels incl Investment which vastly interests me as I have been actively looking for this for a while now. Could I begin by saying your posts have been very informative & I have been lucky to come across your insights in the Motel world . I am also in the process of developing & building a motel at the moment. On the investment front though could I pls request you sedn me a copy of your standard lease mentioned by you previously??
Many Thx
Bobbs
