Darren, to have an on-site manager means that one’s building must be pretty large to be able to pay for a permanent attendant.
How large is the town, how big is the building, was it producing a profit when you bought it, if not, then ? how long did it take to get it to the breakeven stage ?
I am sure that many people would be most interested in…[Read more]
Why would you possibly want a 40 year loan S.I.S. ?
One cannot afford to lock in the rate for such a long time for obvious reasons and if it is a Variable Interest loan the lender has usually the right to call up the loan anytime they so wish so what’s the point ?
Chan, normal minding fees apply with a weekend loading of course.
$ 80 a day with Saturday Time and a Half and Sunday Double Time.
Also, a normal day is based on 8 hours. Any hours after that the first four hours will attract penalty rates @ 30% and thereafter a penalty rate of 20% will apply.
Chan, be careful what you ask for as you may be…[Read more]
Mel, a drop in interest rate may well be an indication that the economy is in tatters so your expectation that you may have more rental income or more job income may not necessarily be the case.
Good question ? I asked myself that question as well but didn’t think it appropiate to bring it up so if Kay doesn’t deign to respond that is fair and reasonable enough.
On a real estate site it doesn’t really matter what one’s gender is.
If I remember correctly, Kay volunteered to tell us that she is 37 and…[Read more]
Waf, returns of 15% (let alone 25%) aren’t so easy to obtain for a small investor unless either the location is not the best or tenants are hard to come by.
The higher the return usually the higher the risk.
To which I like to add : it appears to me that industrial tenants have more choice to find suitable locations than it is for a retail shop operator who wants to, needs to, be in the shopping centre.
(I am talking about smaller industrial unit type of investments (which I assume most people here may be buying) rather than larger premises.)