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  1. J

    First Big Purchase

    Anyone have thoughts on best ownership structure? I plan to pay myself a wage of 50K... which should hopefully leave an operating profit of around 170K per year --- the aim being to pay off the mortgage as quickly as possible. Any thoughts?
  2. J

    First Big Purchase

    lease or free I assume it is freehold. The vendor is owner & operator. Is the spreadsheet freely available, or at a cost?
  3. J

    First Big Purchase

    Correct Agreed - quite likely need to speak with commercial broker and/or financial advisor. Its a lodge. 4 bed residence plus 4 x 18 room lodge. Financials look promising - but need to do some sort of feasibility study.
  4. J

    First Big Purchase

    Hi all... current portfolio = approx. 1.4M mortgaged at around 70%. We are looking... possibly pipe-dreaming at a project somewhere between $2M - $3M. The basic numbers stack up -- but very worried about overpaying, and also worried about serviceability. Property is currently grossing...
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