Tips For Purchasing Management Rights - Where to Next?
This is the hardest part! - You need to make the decision whether or not this is the industry for you. And, make no mistake, it is a BIG decision to not only change occupation but move house, maybe move interstate, or even overseas!
If the decision is yes, your best idea is to “cash up” i.e. Sell your house, your business etc. and be ready to move on a property when it comes up. Too many times a prospective purchaser will find and fall in love with the perfect building for them but will not be ready to go. Good properties do not stay on the market for long.
If you are on the spot with “cash in your pocket” you may find you are in a better negotiating position.
Finding the right combined business and home is a matter of balance between comfortable living quarters and maximum income. That balance may not be the same for all couples. Some will be looking for a business with a home attached (max income) while others will look for a flasher apartment but less income.
Generally you will need to look at a range of properties with your broker to find the one that feels right.
If the decision is yes, your best idea is to “cash up” i.e. Sell your house, your business etc. and be ready to move on a property when it comes up. Too many times a prospective purchaser will find and fall in love with the perfect building for them but will not be ready to go. Good properties do not stay on the market for long.
If you are on the spot with “cash in your pocket” you may find you are in a better negotiating position.
Finding the right combined business and home is a matter of balance between comfortable living quarters and maximum income. That balance may not be the same for all couples. Some will be looking for a business with a home attached (max income) while others will look for a flasher apartment but less income.
Generally you will need to look at a range of properties with your broker to find the one that feels right.
