Hi, I would love to know if buying a serviced arpartment is a good investment or not? What shall I look for? Some people say they are great and some say to keep away from them. I think there pretty good by the way they are leased out by a hotel but I was talking to a realestate agent and he told me they are under Commercial and residential zone. I also had a discussion with a lawyer who told me becareful because once the lease is over being residential might only mean you can only lease it out to tenants but cannot live in it. I don’t know who is right or wrong. Could someone please help??
Frank
hi darth
be very careful how much cash would you be putting up.
Where are they/price/normally negatively geared
how much control will you have.read thread out of property market. read a book called dont sign anything i wish i had.
regards
alfThere has been a couple of threads on these:
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=2190
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=1630
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=1462
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=1259
Cheers
Stu
Property & Finance News
at http://www.prosolution.com.auYou should also check with your bank regarding how much LVR they’re prepared to lend. I’ve been told that many banks are reluctant to lend more than 70%, because serviced apartments are harder to sell.
Even if they turn out to be good cashflwo, they may be very hard to onsell.
Terryw
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
The topic ‘Serviced Arpartments’ is closed to new replies.
