Forum Replies Created
Does anyone have an opinion on the pros and cons of a motel leasehold versus a caravan park leasehold? Are the ROIs similar as I was thinking that there may be more staff needed to run a caravan park. Any chance that someone reading has experience in both areas to share?
thanks, that is pretty much what I have read elsewhere. With regard to working hours, are you talking about an 80 to 100 hour week for a single person? Or are you assuming that a couple has bought the lease and both would work at least an 80 hour week? This would effectively double the required man-hours in any salary comparisons with the wage slave world. I will post some other questions separately if you don't mind to keep the thought processes for me clearer. At this point I am thinking, why on earth wouldn't I want to work for myself!! I am just afraid that the income seems too good to be true.
I'm hoping for some experts to give me some guidance. I am currently a PAYG wage slave on $70,000. Say I bought a $300,000 leasehold motel and expect a 30% ROI of $90,000. No bank interest. I would need to pay my own super, but what other significant costs are there? I am trying to get an idea of how a wage compares to a business income. How much more do I need to earn to cover costs that the employer now pays, if I were to take the plunge? Is that offset by the savings I will make in living expenses? Thanks in advance.
