Hi all,
I have been looking at apartments in Auckland city for their cash-flow, this would be my first ever apartment purchase so trying to gain all the information possible.
I have decided to stick with a freehold apartment as I believe this will have the best likely hood of capital growth as well as re-sale ability.
Has anyone bought an apartment that is part of a hotel before? (it has been taken out of the hotel pool) What are the pros and cons of this?
What % return is considered good for apartments? The one I am looking at has an expected 7.94% gross and 6.09% net.
Is it best to use an in-house apartment manager to manager your apartment or an outside business and what is the average % they take for Auckland?
Your help is very appreciated.
Regards,
Timberman
I have been looking at apartments in Auckland city for their cash-flow, this would be my first ever apartment purchase so trying to gain all the information possible.
I have decided to stick with a freehold apartment as I believe this will have the best likely hood of capital growth as well as re-sale ability.
Has anyone bought an apartment that is part of a hotel before? (it has been taken out of the hotel pool) What are the pros and cons of this?
What % return is considered good for apartments? The one I am looking at has an expected 7.94% gross and 6.09% net.
Is it best to use an in-house apartment manager to manager your apartment or an outside business and what is the average % they take for Auckland?
Your help is very appreciated.
Regards,
Timberman
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