Wanting to know from other members how you approach your feasibility on buying a block of unit (regardless of the number).
How you do your analysis etc..
May be the same as doing due diligence on a house or singe unit but I wanted to ask the question.
Issues like:
Requesting body corp minutes
Requesting rental history to verify
Obviously b&p
What yield you you should look for?
Typically when buying blocks of units is there scope for much discounting on purchase?
Etc etc.
Disregarding the viability of the suburb and sticking to the specifics of that block of units, the process one would go through to form the basis of their due diligence.
Thank you in advance, I'm keen for your input