Hi All
We are looking at purchasing Aged Care strata units in a Govt approved facility . On the surface they are very close to being CF+ at the asking price & will be CF+ if we can negotiate a small reduction in price. There is a long term lease in place with CPI increases & we are told there are no outgoings.
This all sounds a little too good to be true!!!![blink]Has anyone had any experience with these?
Can anyone tell us of any pitfalls/traps to look out for?We thank you for your input
TroynBec
The ducks are flying closer to home!!!!
Hi
Just to let everyone know. We spoke to someone we know who does mortgage broking and they contacted 15 financial institution and none of them will loan the money.
Therefore before entering a deal like this we need to understand that the market we would be trying to sell to down the track would ony be those who have the purchase price available to them and do not require finance. This limits the future market that we could sell to.
[glum2]thanks
BecTroynBec
The ducks are flying closer to home!!!!
You must be logged in to reply to this topic. If you don't have an account, you can register here.
