<<please tell us to buy more of your real estate ! I'll certainly buy yours when interest rates hit double digits LOOL>>
hello rolla coasta, i have good news.
the renovation of the rental property mentioned here Message 25904434 and there Message 25865450 is now complete, and
upon opening my newly refurbished (new lock) mailbox, i discovered a note left by a diligent real estate agent.
apparently a soon-to-be british refugee employed by an august global bank in alignment with its entire c-class officers relocation from tyranny london to freedom hong kong had been scouting in the small beachside compound where i engaged
he was looking at a ground floor rental, heard the renovation noises upstairs, astutely investigated, and wisely wishes to lease my unit that sports better view as well as more thoughtful and all new fitouts, and has offered rent at 32% above what i was counting on
the offer, if i accept, will result in a win-win, as the real estate asking price is based on cap rate, and at same cap rate, i just gained same 32% mark-to-mark on my investment should i choose to book such, and i will have successfully deployed otherwise foolishly worth-less cash to engage with robust cash flow.
the said british refugee has not yet moved to hk, but after agent called, will send deposit ahead to secure abode for needy family by monday end of day.
once done, i could not care less about the transaction price as i nurse on the goodness that will be auto deposited, all enabled by capital freedom, economic liberty, and the growing rebellion against wastrel tyranny.
this is what i like, market enthusiasm for a job well done.
and even better, should the property market collapse due to your imagined high interest rate (and i hope you are right!) which would presumabbly cause another global crisis necessitating more government tyranny driving more londoners and new yorkers to freedom hong kong, along with another flood of liquid goodness in good time, especially if transaction price temporarily falls relative to gold and or against platinum, the already in-place cash flow will enable me to double up and getmore for less, averaging down, claiming more full ocean view, resulting in a win-win-win
i quote myself per descriptive flyer
“Everyday is a beach holiday” ambiance, mid-night strolls on the beach, early morning ocean dips, and year-round salt air
1,337 net sft (1,650 gross), 3 bedrooms 2 baths apartment, 1 covered car park, w/i cozy compound w/ 24-7 security and communal pool
Main rooms facing beach across street w/ unobstructed ocean view
Easy walk to beachside pizzeria, fine dinning restaurants, Pacific and Starbuck coffee shops, supermarkets, mini-bus and city bus terminals, taxi stations, kindergartens, American Club
Complete renovation throughout: water-proofing, new bathrooms, open kitchen, PVC/copper piping, electrical / switches / outlets, lighting solutions, concealed phone / internet / TV wirings, double pane windows, textured tile floor throughout
Thoughtful fit-outs: Mitsubishi dual cycle (cool/heat) split-unit air conditioners in all rooms, full complement of Siemens stainless steel kitchen appliances, wine cooler, kitchen counter-side wall-mounted TV DVD, newest generation high efficiency electrical water heaters, heated towel racks, built-in storage cabinets w/ closet heaters in all rooms, finished helper quarter w/ built-in bed and copious storage, stacked high-efficiency Siemens washer / dryer setup
Move-in condition: trusted contractor standing by to offer solutions for curtain / window blinds, dinning table ceiling lighting, home office / study built-ins, beds, hanging paintings, etc at tenant’s cost
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