2019 Money Magnet Symposium - Discover how to make, and keep, more money and achieve a financially empowered future
Viewing 6 posts - 201 through 206 (of 206 total)
  • Profile photo of propertymanagerstsvpropertymanagerstsv
    Participant
    @propertymanagerstsv
    Join Date: 2018
    Post Count: 3

    Great information here that we will keep in mind.

    https://townsville.century21.com.au/

    propertymanagerstsv | Aaron Moon
    https://townsville.century21.com.au/
    Email Me

    Profile photo of thecrestthecrest
    Participant
    @thecrest
    Join Date: 2004
    Post Count: 990

    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 time.

    Cheers
    thecrest

    thecrest | Tony Neale - Statewide Motel Brokers
    http://www.statewidemotelbrokers.com.au
    Email Me | Phone Me

    selling motels in NSW

    Profile photo of TTRTRTTRTR
    Participant
    @ttrtr
    Join Date: 2019
    Post Count: 0

    First post, new to the forum.

    I was searching out motel brokers in NSW (I’m also interested in Queensland) and found the forum.

    Long story but I’m looking to buy a freehold passive investment motel ASAP. I’ve been in property for a long time but it’ll be my first motel.

    I’m ready to buy now and have only really been ready for a few weeks now, but I’ve been looking for a little while and had seen a lot but perhaps didn’t understand how quickly for sale turns to under offer! Everything that I’ve looked into and wanted has evaporated before I could act.

    I’m left now with just a couple of options. I have a feeling it’s because of interest rates dropping recently. Would you agree or is it normal for these things to sell quickly?

    I’m a bit restricted on what I can consider because I survive on overseas income and the lenders won’t consider that for their sums so I’m trying to buy outright which restricts my budget. Once I get more established in Australia I should cure that with local income for their sums, but in the meantime I’ve only a couple of choices.

    So I have two questions –

    Does anyone know of a good broker that can definitely find finance that considers overseas equity and income as well?

    Would anyone like to suggest an ownership structure? I currently have nothing better than buying as myself and relying on the lessee indemnity. Im not too impressed with complicated structures but at the same time perhaps I need advice on that. We were planning to keep our house in my wife’s name and the investments in my name and keep them separate from each other.

    Something that bothers me about Pty Ltd is that your benefits from depreciations seem to evaporate when you then pay yourself the money as a salary as you’re declaring it twice so the depreciation results in no tax savings. If it’s in my name (or something else?) then the final taxable result is lower after depreciation and left alone after that.

    Any tips would be appreciated.

    Profile photo of thecrestthecrest
    Participant
    @thecrest
    Join Date: 2004
    Post Count: 990

    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 secure 8-9% passive income returns, so quality investment motels in good condition and location with a good tenant in place are in demand. That’s why a motel broker would help with early market information. In a fast market, you need to be prepared to move fast as well, or be prepared to miss out.
    Email me for a broker’s details.

    Cheers
    thecrest

    thecrest | Tony Neale - Statewide Motel Brokers
    http://www.statewidemotelbrokers.com.au
    Email Me | Phone Me

    selling motels in NSW

    Profile photo of davbodavbo
    Participant
    @mzi2019
    Join Date: 2019
    Post Count: 0

    Hi ttrtr, it is correct to say there is a lot to learn. I have been studying this industry for about 2 years trying to establish a new system of owning & developing several motels. It is difficult to break into a system that I admit has been successful.
    But the world has changed, in particular, banks & finance. It has also been changed by AIRBNB, UBER, TRIVARGO,etc. The first name is in fact a challenge to the motel industry, people have learnt quickly that their house can become a money earner. The above booking agent is in fact dipping into some industry profits.
    The major thing to understand is that FREEHOLD MOTELS returning 6% to 12% & gain in value at perhaps 2 to 3%pa, fall far short of leasehold properties that return anything up to 30%+ over 30 years. Yes the lease declines in value but over 30 years the return is substantial.
    My proposal is a group to purchase several motels, NO MORTGAGE. Please call 0419798990, David, anytime.

    Profile photo of thecrestthecrest
    Participant
    @thecrest
    Join Date: 2004
    Post Count: 990

    Hi TTRTR.
    Check your inbox for private messages.
    Cheers
    thecrest

    thecrest | Tony Neale - Statewide Motel Brokers
    http://www.statewidemotelbrokers.com.au
    Email Me | Phone Me

    selling motels in NSW

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