PropertyInvesting.com | thecrest | Activity https://www.propertyinvesting.com/members/thecrest/activity/ Activity feed for thecrest. Tue, 14 Apr 2026 23:39:05 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 12c400ecb2bc9269015c70d03b5e2691 thecrest replied to the topic Thoughts of value.... in the forum Forum Frolic https://www.propertyinvesting.com/topic/5077112-thoughts-of-value/#post-5077406 Sat, 06 Nov 2021 03:30:34 +0000 Some real gems there, thank you.

” If there’s anything wrong with your transport or communications, the rest of your day will be uphill so fix those immediately. ”

” If it doesn’t make sense, you probably don’t have the truth. ”

” When you’re minding kids, never run out of jelly beans .”

Cheers

thecrest

]]> d375150f33e754f619d13f1f16ebca7c thecrest replied to the topic Thoughts of value.... in the forum Forum Frolic https://www.propertyinvesting.com/topic/5077112-thoughts-of-value/#post-5077406 Sat, 06 Nov 2021 03:30:34 +0000 Some real gems there, thank you.

Cheers

thecrest

]]> 0e1661f9c348c36bb5d88863d76b76e8 thecrest replied to the topic Motel Investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4396914-motel-investment/page/11/#post-5077405 Sat, 06 Nov 2021 03:16:46 +0000 Another Update.

While we had a good month or 2, the travel and accommodation market was locked up again by Covid.This week has seen the turnaround we’ve all been waiting for in the motel industry. How quickly 20% occupancy can become 70%, and full rates.

Motel P & L’s over this  extended Covid period are very revealing and provide real life…[Read more]

]]> 2d6ac477bf0cce55420cd3be628beddd thecrest replied to the topic Custodian Wealth in the forum General Property https://www.propertyinvesting.com/topic/4396040-custodian-wealth/#post-5071691 Sun, 28 Mar 2021 22:49:19 +0000 Vaguely remember something about their name but too long ago. So it sounds like part of what they do is act as a buyers agent, selling off the plan, developer, builder, finance broker, property manager,  etc, is that right ? How does 3% compare with buyers agents’ usual charges ? Anyone ?

Cheers

the crest

 

]]> 6f6eea7b5b0ab5dbd956c9f888455398 thecrest replied to the topic Motel Investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4396914-motel-investment/page/11/#post-5071652 Sat, 27 Mar 2021 01:39:33 +0000 Time to update.

Unfortunately since mid March 2020 with Covid, the motel sector has suffered considerable losses. Various Govt assistance packages helped like Jobkeeper and CCoC re rent etc, but in simple terms – stop travel and you kill motels. Travel confidence was damaged by relentless heavy media doom n gloom, and border closures stopped…[Read more]

]]> af3b54ee9f2f97543375c553a3924229 thecrest replied to the topic Motel Investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4396914-motel-investment/page/11/#post-5055689 Tue, 10 Sep 2019 21:55:35 +0000 Hi TTRTR.
Check your inbox for private messages.
Cheers
thecrest

]]> 1cd44e404d4398a2dc2896b63e734f30 thecrest replied to the topic Motel Investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4396914-motel-investment/page/11/#post-5055658 Mon, 09 Sep 2019 05:46:10 +0000 Hi TTRTR.
You need to sort out your finances first, before you go shopping so you know what price bracket to search.
For loans – Offering assets which would be difficult to seize & sell under default conditions won’t help loan applications. Suggest you find an expert Finance Broker – there are some in this forum.
There are plenty of buyers for…[Read more]

]]> 8b28955372abcbbc4ae8d1f050075ff3 thecrest replied to the topic Motel Investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4396914-motel-investment/page/11/#post-5053810 Mon, 10 Jun 2019 03:08:27 +0000 Hope the cut in cash rate last week is good for all forum members ?
Any downsides ?
Great for buying or selling motels as banks have been tight lately and this should help.

Our motel leasehold is still for sale although price is very low. Too much irresponsible and unnecessary discounting in local motel tariffs has hurt the market.
Good buying…[Read more]

]]> ae862dcd41e313f587d89951ae357142 thecrest replied to the topic Motel Investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4396914-motel-investment/page/10/#post-5047533 Wed, 25 Jul 2018 02:05:02 +0000 Hi @au43.
Welcome to the Forum. Yes it’s full of very helpful and experienced people for which I’m grateful.
$300-$400K could buy a good leasehold around $700-$800K mark at 30% ROI. Banks usually want 50% dep but check with finance brokers on this forum for current accurate info on finance. Check lenders LVR re property to see what % of your…[Read more]

]]> 921cb1b551b11d70326e5b917780b36b thecrest replied to the topic Motel Investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4396914-motel-investment/page/10/#post-5045717 Sun, 13 May 2018 23:18:38 +0000 Hi jt.
If you own the leasehold, then you can sell it to the landlord or anyone else, provided you comply with the terms of the lease. Usually the lease terms say the landlord must approve of the purchaser as a prospective tenant, and also the landlord must be given the first opportunity to buy it at the agreed settlement price, (first right of…[Read more]

]]> 82f038b075110fcd96bb4a34213ca37f thecrest replied to the topic Investment in Indonesia booming land in the forum Help Needed! https://www.propertyinvesting.com/topic/5037467-investment-in-indonesia-booming-land/#post-5042556 Sun, 28 Jan 2018 01:51:18 +0000 The concern in overseas locations should always be investment security, continuing visa and licencing approvals, 51% is scary, been there. Paradise beckons, some places are graveyards for unwary entrepreneurs. No doubt there are ways around the obstacles in every location. Good luck.
Cheers
thecrest

]]> 6d893db8b0a595f7923e9538d5cd5bf2 thecrest replied to the topic Motel Investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4396914-motel-investment/page/10/#post-5042555 Sun, 28 Jan 2018 01:40:25 +0000 Motel industry has sure changed over the last 2 years.
Online success now decides the business outcome unless its a motel next door to a people magnet like Rod Laver Stadium or some other major attraction. Definitely going to the AO there in Jan 2019, it’s on the bucket list.
If you’re considering an investment in this area, there is upside in…[Read more]

]]> 6194f053e792a168f1c99a2df04d51a3 thecrest replied to the topic Capital gains tax rollover for a commercial property - what are my options? in the forum Commercial Property https://www.propertyinvesting.com/topic/5041127-capital-gains-tax-rollover-for-a-commercial-property-what-are-my-options/#post-5041218 Mon, 06 Nov 2017 23:39:39 +0000 Hi Terry.
Great post, also affects us as having sold a motel with the CGT factor.
How is the 15 year exemption applied ? Is it applied to the one business or can it be applied where we have been substantially in the same business class for 15 years, similar to the rollover, where CGT can be deferred and it can be rolled over if one is buying…[Read more]

]]> 2eb8a81e59141d63dad083d078816410 thecrest replied to the topic Motel Investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4396914-motel-investment/page/10/#post-5028592 Sat, 30 Jul 2016 03:56:39 +0000 Hi Picky1.
Have you made any progress with the motel or with the refurbishment experts?
Care to update the forum with any info ?
Cheers
thecrest

]]> 09e4fc96032444633de4088977929d4c thecrest replied to the topic Motel Purchase, Advice Please in the forum Commercial Property https://www.propertyinvesting.com/topic/5026168-motel-purchase-advice-please/#post-5028591 Sat, 30 Jul 2016 03:53:38 +0000 Hi Ergoudan.
Banks should be able to give you some ball park figure based on knowing your circumstances and by you giving them an example motel showing costs, turnover, age, condition, size, facilities like pool, restaurant, land size, historic figures, SWOT analysis etc. You need them to give you an indication of how much $ you can go shopping…[Read more]

]]> fa92f153b116ee87d29d89a8db7f319d thecrest replied to the topic Looking to lease out my small motel in 2 years time - good idea? in the forum Commercial Property https://www.propertyinvesting.com/topic/5007744-looking-to-lease-out-my-small-motel-in-2-years-time-good-idea/#post-5025050 Sun, 24 Apr 2016 23:30:00 +0000 Hi Dave.
Making any progress ?
Motels sell quickly if listed at market price, with clear clean figures over min 2 years.
Great pics essential.
Buyers usually check all the major brokers’ websites plus realcommercial and a few others, so biggest not necessarily best.Happy just to help on the Forum, or contact me, no fee, busy selling my own…[Read more]

]]> 5207deaf46c6c564773731e94b19ae01 thecrest replied to the topic Finance for motel acquisition in the forum Commercial Property https://www.propertyinvesting.com/topic/5018775-finance-for-motel-acquisition/#post-5025049 Sun, 24 Apr 2016 23:20:46 +0000 Hi Ems. Did you make any progress with the motel finance?
Any info to feedback to the Forum ?
Cheers
thecrest

]]> 3e5b3721605b81652f86c2bf0bfaaad3 thecrest replied to the topic Broker vs Direct for Commercial in the forum Commercial Property https://www.propertyinvesting.com/topic/5017429-broker-vs-direct-for-commercial/#post-5025047 Sun, 24 Apr 2016 23:04:30 +0000 All in with one bank ? No, never again. Brokers provide expertise and leverage.
Cheers
thecrest

]]> e2888236431f854eeea58303d911c2b0 thecrest replied to the topic tenancy agreement in the forum Help Needed! https://www.propertyinvesting.com/topic/5023465-tenancy-agreement/#post-5025046 Sun, 24 Apr 2016 22:54:59 +0000 Remember you don’t have to agree to move out before your fixed period of the lease expires, you can stay if you want to. Of course, the new owner can give you notice to vacate on the expiry date Feb 17.
Cheers
thecrest

]]> facbf6874534be5db4ee77375885e179 thecrest replied to the topic Have you ever "mystery shopped" your real estate agent sellng your house? in the forum Help Needed! https://www.propertyinvesting.com/topic/5023791-have-you-ever-mystery-shopped-your-real-estate-agent-sellng-your-house/#post-5025044 Sun, 24 Apr 2016 22:43:03 +0000 Mystery shopped a local rental agent to find a property to rent. Requested an inspection on a rental property but was told they would be done as an open house for half hour sometime next week. I asked again saying I’m time poor because of the demands of my motel business, but same response, still no action. It would seem they want a process not a…[Read more]

]]> 94acb187a34b24bdc609a9a88f559bfd thecrest replied to the topic Motel Investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4396914-motel-investment/page/10/#post-5025042 Sun, 24 Apr 2016 22:32:11 +0000 I’d have to agree the above post is inappropriate by Forum standards and guidelines.
Cheers
thecrest

]]> 2b46b91318c008e83a08bc13fac667e8 thecrest replied to the topic VCAT likely outcomes? in the forum Help Needed! https://www.propertyinvesting.com/topic/5019277-vcat-likely-outcomes/#post-5019383 Tue, 26 Jan 2016 23:27:21 +0000 Hi Darkness72.
All very good questions, many of which VCAT could answer, pending the outcome of course.
Give them a call.
They also can provide mediation.
Cheers
thecrest

]]> fd26008fb9ac82465f4bf9b020fbaf89 thecrest replied to the topic Motel Investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4396914-motel-investment/page/10/#post-5019377 Tue, 26 Jan 2016 22:17:36 +0000 Hi Picky1.
Welcome to the forum.
Fortunately you have time to plan ahead while running the motel and assessing the market in your area to find your niche.
ABS stats may show the averages in occupancy, revenue and star ratings.
SRA (Star Ratings Australia) can assist with design planning to ensure the final refurbished product reaches the desired…[Read more]

]]> 6fc90a9b064af4624ec1e7268f3c4b33 thecrest replied to the topic Looking to lease out my small motel in 2 years time - good idea? in the forum Commercial Property https://www.propertyinvesting.com/topic/5007744-looking-to-lease-out-my-small-motel-in-2-years-time-good-idea/#post-5018894 Sun, 10 Jan 2016 06:57:18 +0000 Hi Dave4455
Are you making any progress ?
It’d be great to get an update from you.
Hope it’s going well.
Cheers
thecrest

]]> d4d533c76ea5bfbf01cc36937791a490 thecrest replied to the topic Finance for motel acquisition in the forum Commercial Property https://www.propertyinvesting.com/topic/5018775-finance-for-motel-acquisition/#post-5018893 Sun, 10 Jan 2016 06:52:09 +0000 Assuming the business is viable and not under threat, think 50% LVR and a valuation, and the lender will look closely at the CV of the business operator as well
Will you be operating the business yourself ?
Is the business in good condition ?
ROI ?
Any upside ?

KnightM is right about asking.
In structuring your offer or suggested scenario,…[Read more]

]]> 43abdd7c706ab07a57509dcbd8780d56 thecrest replied to the topic Petrol Stations??? in the forum General Property https://www.propertyinvesting.com/topic/4374902-petrol-stations/page/2/#post-5013762 Thu, 24 Sep 2015 03:33:59 +0000 9.67% nett return on $200K investment. hmmm. Free home and Nett income of under $20K ? Is that what you want ?
Cheers
thecrest

]]> 50aa46af7fad592c5a27669adfbf2f7f thecrest replied to the topic Choosing the Right Property for Business... in the forum General Property https://www.propertyinvesting.com/topic/5013435-choosing-the-right-property-for-business/#post-5013761 Thu, 24 Sep 2015 03:25:44 +0000 Full description of the business would help !!
Pointless talking about selling fur coats to Africans or ice cream to eskimos.
This post looks a bit frivolous unless Rod Smith fleshes it out a bit.
Cheers
thecrest

]]> 378e8659c9f67682d26f3eb4e5b726e8 thecrest's profile was updated https://www.propertyinvesting.com/activity/p/326155/ Thu, 24 Sep 2015 03:18:16 +0000 f781ed83e8e88da2447ae0431ce64c7b thecrest replied to the topic Depreciation schedule help in the forum Help Needed! https://www.propertyinvesting.com/topic/4403723-depreciation-schedule-help/#post-5013760 Thu, 24 Sep 2015 03:16:02 +0000 Roughly what price range are we talking about for a typical 3 brm 1 bathroom house anyone ?
Cheers
thecrest

]]> 21aaf8b15b5f49c22a042bcb10093e01 thecrest replied to the topic Fly screens in the Northern Territory in the forum Help Needed! https://www.propertyinvesting.com/topic/5013609-fly-screens-in-the-northern-territory/#post-5013754 Thu, 24 Sep 2015 00:30:06 +0000 How could they not be mandatory especially in tropical areas. Ring Fair Trading and ask for advice. They may have a service as in NSW where they contact the agent on your behalf to expedite matters. If they’re mandatory in your area as they should be in my humble opinion, you should be eligible for a rent reduction until they’re installed or even…[Read more]

]]> 9d8577040bc1ab390ed41079bfafeaf1 thecrest replied to the topic Looking to lease out my small motel in 2 years time - good idea? in the forum Commercial Property https://www.propertyinvesting.com/topic/5007744-looking-to-lease-out-my-small-motel-in-2-years-time-good-idea/#post-5013676 Wed, 23 Sep 2015 00:38:27 +0000 Hi Dave4455.
Any space to build extra units ? as you already own the land and infrastructure, extra units would be more profitable than the existing ones and would increase the sale price and income for you and the lessee. Small income limits available funds for vital R & M which might create the risk of a tenant running the place down. What have…[Read more]

]]> cfc9c3bdbbc389abffa4e8dc50e660c6 thecrest replied to the topic Motel Investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4396914-motel-investment/page/10/#post-5013675 Wed, 23 Sep 2015 00:24:29 +0000 Any progress David ?
There are some good buys out there at the moment provided you can get finance.
Obviously our new PM has improved business confidence which quickly affects reps visitation to regional areas.
You’re welcome to call me.

Unfortunately in some areas inexperienced moteliers are falling into the trap of discounting , encouraged by…[Read more]

]]> f723dce43a936a218489ff08ca3e5fa8 thecrest replied to the topic Motel First Time Prospecting Buying & Operating Lease or Freehold Questions in the forum Commercial Property https://www.propertyinvesting.com/topic/4402535-motel-first-time-prospecting-buying-operating-lease-or-freehold-questions/page/2/#post-5013672 Wed, 23 Sep 2015 00:08:11 +0000 Hi Trung.
Seasonal areas depend on a good season. Snow area businesses in the Mt Beauty area face this every year so they may be a source of info. Check the snowfall charts for the last 50 years, as well as ABS occupancy graphs for your area. Examine the off season figures carefully to see if they could sustain you. 32 rooms + restaurant could do…[Read more]

]]> 12094f3de55402aaca7d5b7280053c23 thecrest replied to the topic good mortgage broker in the forum Help Needed! https://www.propertyinvesting.com/topic/5013345-good-mortgage-broker-2/#post-5013671 Tue, 22 Sep 2015 23:04:08 +0000 A good broker doesn’t need to be geographically near you any more than this forum needs to be in your suburb. I suggest the obvious – Choose one from this forum who has been helping people for a long time with lots of posts to their credit and get your enquiry in and enjoy the benefits. Don’t forget to post details of your experience back onto…[Read more]

]]> f8e7fb7a88ec5ef5581be9316c2f93bf thecrest replied to the topic New Motel Leasehold Owners in the forum Commercial Property https://www.propertyinvesting.com/topic/4410440-new-motel-leasehold-owners/#post-5011419 Sat, 08 Aug 2015 06:59:20 +0000 Hi Leon.
I’m a broker and a motelier, trying to sell my motel and free my time for broking.
Management has provided mixed results. It’s very hard to find the right people who will work hard to maintain and grow the business, and really engage with the guests and provide friendly service all the time without grouching at guests or staff, or…[Read more]

]]> a5844b39153c35a2f1da4513609c2fa6 thecrest replied to the topic Invest in Brisbane properties ...need help with local QLDerrrrr in the forum Help Needed! https://www.propertyinvesting.com/topic/5005653-invest-in-brisbane-properties-need-help-with-local-qlderrrrr/#post-5006210 Thu, 16 Apr 2015 13:22:59 +0000 So much infrastructure being constructed around Springfield. Spoke to a valuer in Camira yesterday who told me it’s enjoyed CG of 5% last 6 months. Worth a look.
Good luck
Cheers
thecrest

]]> b6d1cfd0f579213fd6b2edf77485651d thecrest replied to the topic Problem between tenant & neighbour within same strata.. not sure what to do in the forum Help Needed! https://www.propertyinvesting.com/topic/5005841-problem-between-tenant-neighbour-within-same-strata-not-sure-what-to-do/#post-5005880 Fri, 10 Apr 2015 05:32:12 +0000 Not much info to go on but here’s my 2c worth anyway. Newcomers need support groups. Suggest they bake 6 cakes and take them to all neighbours to introduce themselves, including the problem one. That would either confirm their next step or help fix the problem, but either way they would be introduced to the neighbours and likely to have some…[Read more]

]]> 200d14086d6c727dd740c78a1f799b66 thecrest replied to the topic Motel Investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4396914-motel-investment/page/10/#post-4998277 Sat, 10 Jan 2015 02:58:44 +0000 Banks have tightened up on lending for motels right now and are demanding up to 2/3 deposit, so it’s a buyer’s market if you can buy within that scenario. Motels are not selling as fast as they should so stock is building up a bit. The last 12-18 months has been less than bright for accommodation providers and some are trying to sell based on a…[Read more]

]]> 559919053b344165398fb959b5fa070a thecrest replied to the topic Which Author, Mentor, Trainer - Strategy in the forum General Property https://www.propertyinvesting.com/topic/4992248-which-author-mentor-trainer-strategy/#post-4997969 Fri, 26 Dec 2014 12:08:10 +0000 Hi Magic32.
Assuming you asked the question because you want to know how to progress.
As always, to progress, you need to know where you are now and where you want to go.
So it might help to add some details about your current position and future plans and needs and thoughts so those in the know can suggest the appropriate methods to help you…[Read more]

]]> 97211a47cb8573acbbd903d4d5dd53c7 thecrest replied to the topic Frustrating selling one of my adjoining 2 properties and both tenants move out. in the forum Help Needed! https://www.propertyinvesting.com/topic/4997231-frustrating-selling-one-of-my-adjoining-2-properties-and-both-tenants-move-out/#post-4997966 Fri, 26 Dec 2014 11:56:15 +0000 Do you think you could sell it to another investor while tenanted under a long fixed lease ?
Tenants certainly don’t like open houses at their rented home and people traipsing through especially in small towns where everyone knows everyone and suddenly they’re in your home with an agent.

Try advertising it as an investment.
Good luck
Cheers
thecrest

]]> ff0ca46176b577acac7010543e51c8ee thecrest replied to the topic Caravan park investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4410094-caravan-park-investment/#post-4997916 Wed, 24 Dec 2014 05:50:50 +0000 Running a park requires knowledge of the law and exercising your authority from time to time. It’s easier without permanents to be polite. Fortunately it’s not like a nightclub where you need security staff that have to look like wrestlers. Police can handle those who become troublemakers, but with experience you recognise them and refuse them…[Read more]

]]> 1744a432b93d34e25bf13848c1eab572 thecrest replied to the topic No tenants ! What to do ? in the forum General Property https://www.propertyinvesting.com/topic/4410913-no-tenants-what-to-do/page/2/#post-4997915 Wed, 24 Dec 2014 05:39:30 +0000 You could contact the agent, explain why you’re not happy and whether or not you think it can be rectified and how, and if you want to part company, ask how much notice is required and explain why you think they should agree to less, then give notice accordingly.
Good luck
cheers
thecrest

]]> f3b56ca5d0dcdba00ccd451e762fa78a thecrest replied to the topic Is new Lawn (grass) tax deductible? in the forum Help Needed! https://www.propertyinvesting.com/topic/4997726-is-new-lawn-grass-tax-deductible/#post-4997807 Sun, 21 Dec 2014 23:13:51 +0000 Now I’m confused re deductibility.
If I replace dead lawn, it’s a replacement, is it deductible ?
If I repair dead lawn, it’s a repair, is it deductible ?
Some outside items must be deductible surely, like fencing, retaining walls, paths ?
Where the outside appearance and street appeal is vital for the business like in a motel, is any money spent…[Read more]

]]> 8aaba1f7f594d854aafa9b14d516aca4 thecrest replied to the topic Is a $500000 instant equity deal worth it if onselling prospects aren't too good in the forum General Property https://www.propertyinvesting.com/topic/4997489-is-a-500000-instant-equity-deal-worth-it-if-onselling-prospects-arent-too-good/#post-4997792 Sat, 20 Dec 2014 23:04:59 +0000 Consider that if the sale price has taken a hit due to local market demand factors then could the rent income level take a hit also ? This could happen perhaps where there is a sudden increase in supply of properties.
Always better to have both if possible – CG potential and reasonably secure rent income.
Good luck
Cheers
thecrest

]]> 13915f5ebc0f673a61f4d20ff25a61c2 thecrest replied to the topic Is new Lawn (grass) tax deductible? in the forum Help Needed! https://www.propertyinvesting.com/topic/4997726-is-new-lawn-grass-tax-deductible/#post-4997739 Thu, 18 Dec 2014 02:26:25 +0000 Yes excellent question Devilz and if you don’t mind – Can we include plants or landscaping in this question please ?
Certainly not cheap and perhaps could be depreciated as well ?
Anyone know ?
Cheers
thecrest

]]> fd9486655af948bef0c34fe5851158c9 thecrest replied to the topic Recommendations for Buyers Agent - Brisbane, Sydney and Melbourne in the forum Help Needed! https://www.propertyinvesting.com/topic/4997354-recommendations-for-buyers-agent-brisbane-sydney-and-melbourne/#post-4997703 Mon, 15 Dec 2014 21:33:06 +0000 Please PM me the same 3 BAs in those 3 cities.
Can you post them openly ? or not appropriate ?
Cheers
thecrest

]]> 4fa2eb9998682beb89fc1acd181863da thecrest replied to the topic Motel as a passive investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4994173-motel-as-a-passive-investment/#post-4997631 Sun, 14 Dec 2014 23:10:47 +0000 Hi Joe.
Just trying to compare and clarify here.
So you borrowed 85% to buy the motel, 15% deposit ? Who financed that ?!! Min 50% deposit in Australia, higher at the moment.
And now the passive return is 8% ? Usually min 9% in Australia.
Your situation is a bit confusing sorry, but appreciate all the info, will try to piece it together.
Hope…[Read more]

]]> e18f6af9be6d4939e62d9b88c60bbc54 thecrest replied to the topic Motel as a passive investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4994173-motel-as-a-passive-investment/#post-4997475 Thu, 04 Dec 2014 23:28:53 +0000 Hi Joe.
Thanks heaps for the info, always very interesting to get the US perspective.
Just for clarification, the investment type you’re talking about in Australia is “freehold under management”, not passive, meaning you own the freehold, (there is no lease,) and you operate the motel under management – with managers.
The typical regional return…[Read more]

]]> b6e56412cf6e4abc3a0a30b829756e2c thecrest replied to the topic Motel as a passive investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4994173-motel-as-a-passive-investment/#post-4997362 Mon, 01 Dec 2014 21:09:57 +0000 Hi Joe.
Welcome to the forum from me as just one of the many members here.
What’s an LLC ?
What type of ownership do you have ? Leasehold under management ? ? Freehold under management?

12% sounds like a good return, is that rent or nett profit?
Is it based on buying distressed property during the GFC ?
Can the return be duplicated now ?
What…[Read more]

]]> 8d08b803824dcfd52fe14f58f224b986 thecrest replied to the topic Motel as a passive investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4994173-motel-as-a-passive-investment/#post-4995962 Mon, 27 Oct 2014 03:15:33 +0000 Hi Tony.
No motel is always 100% but if rarely, why ? .
But depending on the market position and condition of the motel, it’ll do better with new rooms.
New ones are usually min 4 star unless that’s overkill for the area market.
He could either upgrade refurbish existing to match the new or have split star ratings to cover a wider market,
but…[Read more]

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