Safari is an excellent company. They build a quality product with a track record of few faults. Rob Neil and Steve Taylor have run the business well. The issue is that the yield on Dual Keys often suffers due to all the deductibles in the Management Agreement. You can be charged for all sorts of things. Its not hard to switch from positive cash flow to negative. Also Apartments are one of the most difficult property types to sell and Dual Key are one of the hardest types in that segment-I would say up there with Leasehold. So any chance of capital gain is minimal. Personally I would pass.
Knickers in a twist 😂
Safari is an excellent company. They build a quality product with a track record of few faults.
Rob Neil and Steve Taylor have run the business well.
The issue is that the yield on Dual Keys often suffers due to all the deductibles in the Management Agreement. You can be charged for all sorts of things.
Its not hard to switch from positive cash flow to negative.
Also Apartments are one of the most difficult property types to sell and Dual Key are one of the hardest types in that segment-I would say up there with Leasehold. So any chance of capital gain is minimal.
Personally I would pass.