mortgage. managers commission. replenish apartments, soap & shamps + cleaning etc. Foxtel. laundry (A shit load more than you think.) electricity. repairs, air cons, storms, etc ( these are not always covered by sinking fun)
Honestly Peter these things are head aches, not to mention one of the most illiquid investments you can get!!
What is the nightly rate and vacancy rate like the last 2-3 years has it gone up or stayed flat.
you can bet your bottom dollar all your outgoings have gone up well above inflation!!
To even cosider this I would say you need to get it at an absolute bargain price.
perhaps positively geared @ %50 vacancy!!! even @ so there are shit loads better places to invest
Doubleview
Well done, that is seriously the most informative constructive post that hasn't been done in a pit bull fashion.Peter, You've already got a property resort to manage, don't put those eggs in 1 basket.
I realize you would have $$ from your recent sale, are you perhaps better off looking for something in Perth region,?think carefully... Very carefully, don't throw that $ away.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
I suspect you are promoting this place because you either hold property there or you are selling property there. .
It is this property, it is freehold. Yes it was run down and man we have been working for 5 months to get it up to speed.
So this is basically a spruke, to drum up business for a prissed up old asset you want to offload. Thanks for the honesty, and being you're obviously a well to do in the WA. RE scene, I will take this as an insider tip that the market has peaked and it time to bail out.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
So this is basically a spruke, to drum up business for a prissed up old asset you want to offload. Thanks for the honesty, and being you're obviously a well to do in the WA. RE scene, I will take this as an insider tip that the market has peaked and it time to bail out.
Gold nut, you must have gold flowing through your veins & brain.
You have incorrectly read Peters post.
Yes he has a resort , but the holiday unit he is posting on this thread is a description of what he is interested in buying NOT selling.
Get your facts right.
All he's stating is a request for some feedback.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
No drumming up business, No i am not selling i just bought at what i hope is the bottom of the tourist cycle in Western Australia. No way of knowing that for about 10 years though, thank you for your input, by the way the resort came with a free house. It is the 4th property i have bought that gave me a free house in the deal. I am looking at another one at the moment. I don't think i would ever pay for a house again, ever. They cost to much. I just get them for free. It's just these holiday units that are doing my head in. As you say it's more a business than a property deal. Thats the bit i did not quiet come up with. Thanks for the input. Years of rising costs and stagnate returns. Peter Yes Blondie Girl i DO NOT own the holiday unit, i own the resort Surfpoint.
goldbug
15 Sep 2013, 09:41 PM
So this is basically a spruke, to drum up business for a prissed up old asset you want to offload. Thanks for the honesty, and being you're obviously a well to do in the WA. RE scene, I will take this as an insider tip that the market has peaked and it time to bail out.
I am not selling. Peter
Blondie girl
15 Sep 2013, 08:32 PM
Doubleview
Well done, that is seriously the most informative constructive post that hasn't been done in a pit bull fashion.Peter, You've already got a property resort to manage, don't put those eggs in 1 basket.
I realize you would have $$ from your recent sale, are you perhaps better off looking for something in Perth region,?think carefully... Very carefully, don't throw that $ away.
My son is saying the same, look for a new asset in a different area. Peter
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