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  1. K

    Don't have to lift a finger

    Thanks for the hard info gr. Can you name some lenders ? Can you explain this sentence a different way. Absolutely. It's all very well not having to lift a finger when the times are good with a quality tenant. But you've gotta be able to handle the bad times too - think years without a tenant...
  2. K

    Don't have to lift a finger

    Hi handyandy, You can be assured that I seriously looked. And the deal was even better than that - it was zoned for 3 stories, the 3rd storey would have had sea views. I didn't get as far as costing a complete redevelopment, but 13 shops, below 13 offices, below 13 apartments with sea...
  3. K

    Don't have to lift a finger

    Thanks for that. Can you give an indication of current rates at those LVRs. What is servicability criteria like ? Do they accept 100% of nett rental income ? Do they do equity lending - ie a standalone loan based on income solely for the CIP - how strong does the tenant/lease have to be ...
  4. K

    Don't have to lift a finger

    Hi Alistair, Thanks for the offer. As an example..... About 6 years ago I was interested in a retail strip - 13 shops zoned LMR fronting a v. pleasant suburb square. Good location 10km from Bris CBD. It yielded 13.5%, with one shop vacant. The tenants were nothing special, all small local...
  5. K

    Don't have to lift a finger

    I feel the opposite. These sorts of posts make good stories that are enjoyed by a certain type of forumite. However, they contain virtually no info that's useful to a prospective comm IP investor. He could tell us - high level info about the loans - LVRs, Interest Rates, other loan...
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