What should you know before buying a unit?

The biggest rookie mistake I see investors or home owners making when they buy their first unit is that they buy a unit because they can’t believe how cheap it is. After settlement they find out it is situated next to a housing commission building. ALWAYS do your research before purchasing!

Is it good to buy block of units?

If a block of units has a large sinking fund then if something expensive needs doing there is likely to be no extra out of pocket expense for you. (This is a good thing!) If there is no sinking fund and say something needs to be done (like a new driveway) then it is going to have to come directly from your pocket and the pocket of the other owners.

What can I do to increase the value of my unit?

If you can improve these things then you can increase the value of your unit, which in turn means you can borrow more from the bank, or sell your property for more. Many units (especially newer units) will have parts are fixtures that you can depreciate over time. Things such as light fittings and other renovations can be depreciated over time.

What should I do with an old unit?

If you are willing to do some hard work then you can find an old run down unit and begin giving it a facelift. It may need new carpet, a paint job and some cosmetic improvements to the kitchen and bathroom.

Can a third person buy out two people?

If the third person has money, you both can be bought out so the third person will own the entire property. But that doesn’t always work. Even if the third partner has the financial ability, you may not agree on a buyout price.

What to do if three people own property?

How does a 3PL work with an online store?

The 3PL ships the order to the end customer. You pay the 3PL a monthly fee in addition to a per order cost for fulfillment. The online store/3PL combo looks and behaves very much like a traditional online store with inventory except that you don’t have to store or fulfill the orders yourself.