Comments on: With this text, I thee wed … http://7million7years.com/2009/10/07/with-this-text-i-thee-wed/ How to make 7 million in 7 years ... Sat, 11 Feb 2012 22:32:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Adrian http://7million7years.com/2009/10/07/with-this-text-i-thee-wed/comment-page-1/#comment-3639 Adrian Thu, 08 Oct 2009 14:19:16 +0000 http://7million7years.com/?p=3287#comment-3639 @ Trainee - Thanks; I found this methodology very useful, too ... I actually have used it a number of times, now! Yes, being able to fund the negative cashflow, preferably - as you say - in the startup period ("from purchase date to when you get a tenant paying full rental") is critical. @ Trainee – Thanks; I found this methodology very useful, too … I actually have used it a number of times, now!

Yes, being able to fund the negative cashflow, preferably – as you say – in the startup period (“from purchase date to when you get a tenant paying full rental”) is critical.

]]> By: traineeinvestor http://7million7years.com/2009/10/07/with-this-text-i-thee-wed/comment-page-1/#comment-3638 traineeinvestor Thu, 08 Oct 2009 01:29:47 +0000 http://7million7years.com/?p=3287#comment-3638 Hi Adrian Very useful. I've only done residential apartment refurbishment projects. Doing a commerical property in HK is generally reserved for insitutional players (and people with a lot more money than me) so I haven't tried it yet. A question: do you spend much time looking into vacancy rates and factor in holding costs (interest, rates etc) for the period from purchase date to when you get a tenant paying full rental? One of the things which I take into account whenever I buy a property is my ability to fund the mortgage payments and other outgoings while I am doing the decoration and hunting for an acceptable tenant. Cheers traineeinvestor Hi Adrian

Very useful. I’ve only done residential apartment refurbishment projects. Doing a commerical property in HK is generally reserved for insitutional players (and people with a lot more money than me) so I haven’t tried it yet.

A question: do you spend much time looking into vacancy rates and factor in holding costs (interest, rates etc) for the period from purchase date to when you get a tenant paying full rental? One of the things which I take into account whenever I buy a property is my ability to fund the mortgage payments and other outgoings while I am doing the decoration and hunting for an acceptable tenant.

Cheers
traineeinvestor

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