So the deals are inflated by $20k in addition to the money you’re paying to a biased buyer’s agent who is already in bed with a builder and possibly the land owner. Not independent advice IMHO.
Go to an independent BA who will provide options which meet your requirements.
Scott No Mates replied to the topic Anyone using social media / website to promote their bizz? in the forum Creative Investing 3 months, 2 weeks ago
It’s been on the agenda for a long time. I should so something about it whilst the apocalypse passes.
You can borrow to purchase but cannot borrow to renovate (make sure that you have sufficient funds to complete the works without tying up all of your capital).
Will you being converting to residential (restrictions on what you can do in super) or will your business be renting it from the SMSF. Any rent paid will go to the fund (less any tax…[Read more]
After reading the rent review clause, go to abs.gov.au and get the CPI table download. This is an Excel file.
Use the all groups Adelaide
June 2019 ÷ June 2016 × current rent.
113.7 / 107.5 = 1.0576744186 x rent
You will also need to do a back rent calculation for the period after the rent review to current (even if this is prior to yo…[Read more]
Scott No Mates replied to the topic building three unit's with foam construction with Bondor panels in the forum Commercial Property 8 months ago
Your first port of call is the BCA – you need to determine the type of construction material that the building is required to be constructed.
I have previously built light-weight construction using Hebel panels, styrocon and metal sheet/purlins each solution was dictated by the location.
Scott No Mates replied to the topic Begin Lied by ReaAgent in pre-settlement inspection in the forum Legal & Accounting 1 year ago
It’s a bit late now. You should have raised this matter with your building & pest inspector prior to settlement and also with your solicitor. The vendor has got the cash and is well on the way to Bermuda.
@cubster_2 – have you checked whether he holds a builder’s licence (for the type of work that he’ll be undertaking)? Reference check?
Has he taken out home warranty insurance? If not you may have little recourse through fair trading/VCat other than stopping them undertaking more work elsewhere.
@sako – what do you mean by ‘becoming a builder’?
The building industry is very wide – there are jobs at all levels from unskilled labourers, semi-skilled trades (concretors, gyprockers, landscapers etc), general tradies (brickies, painters, chippies, metalworkers, stonemasons, plasterers, floor layers, plumbers, sparkies etc), professional…[Read more]
Scott No Mates replied to the topic Median Prices for Commercial/Industries/Land Assets in the forum Commercial Property 1 year, 2 months ago
It is not a useful measure of productivity. These are commercial assets and valued on their capacity for output.
Capacity for production is determined by several factors (planning controls):
Zoning: A property with a IN1 zoning (general industrial) would be more valuable than one with and IN2 (light industrial) zoning as the types of uses are…[Read more]
Traditionally the majority of investors in this area were the unlisted property trusts (insurance companies, investment houses, Banks etc) who had a grade CBD assets.
Nowadays, superfunds have a large stake and anyone with money in a fund probably has some exposure.
Lower value assets (sub-$10m) are owned either directly or indirectly biz mum…[Read more]
You’ll need land zoned residential for it and to submit a DA as many councils will call putting a container on a pad development.
Lease will need to cover: Rates, Services, Land tax (if applicable) and any work required to make the site ready for you to occupy eg getting power pole/switchboard, sewer/water meter.
So assuming rates @ $2000/yr,…[Read more]
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