All Topics / Value Adding / Boarding house

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  • Profile photo of PeterBPeterB
    Participant
    @peterob
    Join Date: 2017
    Post Count: 2

    Hello happy investors

    Just wanted to put this out there to investing land. I have recently come across a situation where there is a 1000m2 property up for sale in an area the council is approving Boarding Houses.Not to mention 2 neighbouring properties may be interested in selling if the deal suits. I visited the area today and checked out 3 other boarding houses recently built in the area, one being brand new and ready for use. This one on a 650m2 block has 16 rooms that will apparently rent for $230 each. We have a university, a TAFE, a hospital, shops and the train station all within 1km.

    Anyone out there cashed up and happy to talk ‘Joint Venture” with me?

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010

    I think you’ll find you’ll get better responses if you also note:

    *what you will bring to the table for the JV
    *why you can’t do the deal by yourself (hence what you’re needing from your JV party)

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Investment Focused Finance Strategist - servicing Australia-wide

    Profile photo of Colin RiceColin Rice
    Participant
    @fms
    Join Date: 2011
    Post Count: 338

    Finance, if required will need to be commercial as well.

    Colin Rice | CDR Finance
    http://cdrfinance.com.au/
    Email Me | Phone Me

    Perth Based Mortgage Broker - Investment Property Finance Specialist | E: [email protected]

    Profile photo of PeterBPeterB
    Participant
    @peterob
    Join Date: 2017
    Post Count: 2
Viewing 4 posts - 1 through 4 (of 4 total)

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