Forum Replies Created
Hi Rooinek
I have invested in commercial and industrial for the last ten years and have done very well – huge ‘realised’ capital gains and great cashflow.
With regard to industrial the secret is to have the ‘right size’ and a good PM. I tend to favor 300-350 sq.m.
However I am finding suitable properties harder to find now as a lot more are becoming owner occupied – around this size.
All my tenants pay all the ‘outgoings’ including insurance.
Vacancy rates for the last four years are zero.
It can be done.
Mr Pickworth
You will never go broke taking a profit.
Hi
I have to agree with Richmond – it really boils down to not what you earn but what you spend’.
Your first step is to get your consumer debt under control.
Regards
‘ You will never go broke taking a profit ‘
Hi Jenny
Thanks for your reply, I do appreciate it – zoned industrial 1
cya
‘ you will never go broke taking a profit ‘
Thanks Yack
Nothing is ever guaranteed re tenancy however the property is in a prime location & I have other cashflow +ve investments to cover any shortfall.
Sometimes you need to speculate to accumulate.
Thanks again for your reply.
‘ You will never go broke taking a profit ‘
Hi Markk
I have some industrial properties in the south eastern suburbs of Melbourne. The most recent valuation revealed capital growth of 25% over 3 years. I am investing for passive income so that is a great little bonus – better than bank interest !!
Just for your interest I have recently sold a commercial property in a shopping strip for a tidy sum. The secret was to have your business pay off the property loan and then know when to take a profit and sell up.
As the saying goes you will never go broke taking a profit.
All the best.
Hi
Don’t forget industrial properties. I am receiving great yields and capital growth. The tenants pay all outgoings and because they run their business from the property it is in their own interest to look after the premises.
Regards
