Block Of Units

[GreyGhost]

Afternoon everyone,

Are there any members here I could PM in relation to the purchase of a block of units and running the numbers past them..

Many thanks

 

[Big Will]

Afternoon everyone,

Are there any members here I could PM in relation to the purchase of a block of units and running the numbers past them..

Many thanks

What do you need to know?

 

[skater]

There are quite a few members that have units. Ask away.

 

[Mick C]

Ask away on the public forum if your comfortable and you will get a wider range of response ( which is better IMHO)

Else if it's personal you can PM me...i hold 2 block of units ( block of 3 and 4), purchased under one title.

 

[skater]

i hold 2 block of units ( block of 3 and 4), purchased under one title.

Same! One under one title, the other is Strata.

 

[GreyGhost]

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

 

[skater]

You go about it all in the same way you would any other property.