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  1. 23-05-2016, 12:01 PM #11
    JBmurc
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    Quote Originally Posted by Kees View Post
    Bought a 14 unit property in February x motel complex now being used for long term rentals going extra well seems to be hitting 15% on purchase price
    less costs so very pleased with this.
    Sounds good ....been looking to buy something along the same lines ...

    Many look good from the outset but once you take out all the costs out (and the fact it's going to have a higher up-keep costs etc) the 15-20% gross yield ends up much the same as some 9-12% yields etc

    Commercial property certainly has many more issues around insurance NBS min rules etc ..
    Last edited by JBmurc; 23-05-2016 at 12:03 PM.
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