Hi Philfella
Like any investment building, factory, shop, office, residence, the condition of buildings varies and the rate of deterioration varies.
Not sure what you mean by building upgrades but any alterations of a cosmetic nature are usually the tenant’s cost. Structural repairs are the landlord’s cost.
Haven’t heard about 2 1/2 years turnover…[Read more]

Hi Philfella
Like any investment building, factory, shop, office, residence, the condition of buildings varies and the rate of deterioration varies.
Not sure what you mean by building upgrades but any alterations of a cosmetic nature are usually the tenant’s cost. Structural repairs are the landlord’s cost.
Haven’t heard about 2 1/2 years turnover…[Read more]

Hi Philfella
Like any investment building, factory, shop, office, residence, the condition of buildings varies and the rate of deterioration varies.
Not sure what you mean by building upgrades but any alterations of a cosmetic nature are usually the tenant’s cost. Structural repairs are the landlord’s cost.
Haven’t heard about 2 1/2 years turnover…[Read more]

At only 7% ROI, sounds like 7 rooms is too small a number to get a decent return on costly infrastructure and a valuable piece of land.
Cheers
thecrest

What about that stuff you paint on and it removes moss over a few weeks ? Anyone used that with success? Forget what it’s called.
Cheers
thecrest

Hi MI.
In your plan, is someone going to live-in and run it and on what payment basis ?
Cleaners? Maintenance ?
Cheers
thecrest

Hi Sullivan.
Welcome to the forum from me as just one of the members.
Why not introduce yourself and post a little about your own situation.
Got any comments yourself about this topic ?

The negativity about Wellington is the jail.

Cheers
thecrest

Painted our 6 x 2 brm villas recently at our motel in Wagga. Doing painting all day created very peaceful days of de-stressing , plenty music, time to think, and very rewarding financially and otherwise. Throwaway roller sleeves reduces cleanup time, plenty of small plastic disposable handheld tubs, a damp or wet rag always ready for minor spills…[Read more]

You are inspiring and your post renews people’s faith in human nature.
Win win win . . . .
Good luck
cheers
thecrest

Hi QM.
What kind of businesses are in the strata plan ?
How many? Who manages it? Who controls it ? What state of Australia ?
This was posted a few months ago QM, are you still interested or has this opportunity ceased for you ?
I’ve had experience owning a commercial property in a strata plan which I’d be happy to add here if you were…[Read more]

Can someone buy into a unit trust later ?
Cheers
thecrest

On a negative note and from someone who lost everything in a corrupt paradise, me.
In corruption rife areas, you need protection, like an umbrella group, and it helps to have well connected legal representation in country. Do you have an exit strategy ? Remember, there is no democracy or natural justice in corruption rife areas, talk to the…[Read more]

Hi Theresa.
If it’s a reasonable return or better there’s no reason why a builder wouldn’t go for it.
Cover all parties for all eventualities through your solicitor and lots of homework and DD.
Hope it’s lucrative for you or creates some passive income.
Good luck
Cheers
thecrest

Hi Paul.
Where’s the motel ? We travel a lot and would prefer to stay with a Forum member’s motel if pos.
Cheers
thecrest

Hi Theresa. Condolences for your father passing, hope you find comfort from friends and family.
Been in this situation. Suggest you need at least several written quotes but kept simple to help family members understand.
Simple scenario layout of Valuation minus repair costs = your offer. Might help to have a REA appraisal or 2 so they know what…[Read more]

Hi Paul.
Thanks for the awesome details of what your day is like, sounds like ours. Where’s the motel ?
What’s the resv system ?
At the moment we’re the relief managers at our own place, giving our managers some time off.
It’s quiet in Wagga this time of year, and so cold. Thrilled for your success, well done.
Cheers
thecrest

Hi and welcome to the forum from me, just a forum member. Looks like more than limited knowledge, but there are many experts here who could help you. What goes around …. so be prepared to help others, especially if you have financial institution knowledge or other knowledge which might help some forum members.
Good luck
cheers
thecrest

Would they get 50% of bathrooms as well ? would they have equal access to everything else ? Garage? Storage?
Good luck
Cheers
thecrest

Local builder renovated a few of our motel bathrooms recently in Wagga, total ripout, jackhammered floor, tiled to ceiling with narrow pebbly decorative strip, , kept ceiling, new cornice, new ceramic top 900mm legless wall mounted vanity, mirror, 2 lights, fan light, full loo, soft closing stuff, no hob fixed glass, everything solid, 2 towel…[Read more]