Scott No Mates replied to the topic What is a sleepout? in the forum Help Needed! 1 month, 3 weeks ago
If it includes building a wall then you may require consent.
Scott No Mates replied to the topic Buyer's Club (Sydney) in the forum Help Needed! 8 months, 4 weeks ago
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 Commercial Project Feaso in the forum Commercial Property 8 months, 4 weeks ago
Your assumption of equity required of $47k is far shy of the normal requirement of 30% for commercial property.
Scott No Mates replied to the topic Anyone using social media / website to promote their bizz? in the forum Creative Investing 9 months, 4 weeks ago
It’s been on the agenda for a long time. I should so something about it whilst the apocalypse passes.
Scott No Mates replied to the topic buying a property with smsf…. in the forum Commercial Property 10 months, 2 weeks ago
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]
Scott No Mates replied to the topic 20km from cbd VS. 50km from cbd in the forum Help Needed! 10 months, 2 weeks ago
High crime rate – are they the official figures or just hearsay?
How long will it take to commute to work from 20km and 50 km (50 km is 2 1/2 times further from the city)
Scott No Mates replied to the topic how to cpi rent review,after 3 yrs no adjustment in the forum Help Needed! 1 year ago
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 Renovating for a living in the forum Legal & Accounting 1 year, 2 months ago
By the sound of it you intend to run the business of a builder, you will need a builders licence. Owner builders licences are restricted to PPOR not flipping.
Scott No Mates replied to the topic building three unit's with foam construction with Bondor panels in the forum Commercial Property 1 year, 2 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 method to valuate townhouse land valuation in the forum Help Needed! 1 year, 5 months ago
You look for comparable sales – ie other 3 bedroom townhouses nearby.
Land value means precious little unless the site is massively underdeveloped.
Scott No Mates replied to the topic House title in the forum Help Needed! 1 year, 5 months ago
Stamp duty (at market value for the % that you are buying), legal fees (you, sister & mother all require advice), provision for capital gains tax (payable by your sister), discharge of mortgage.
Scott No Mates replied to the topic Begin Lied by ReaAgent in pre-settlement inspection in the forum Legal & Accounting 1 year, 6 months 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.
Scott No Mates replied to the topic Chapel Street Shopping Precinct special rate in the forum Commercial Property 1 year, 6 months ago
Scott No Mates replied to the topic Chapel Street Shopping Precinct special rate in the forum Commercial Property 1 year, 6 months ago
Scott No Mates replied to the topic My builder gutted our house!!!! in the forum Help Needed! 1 year, 7 months ago
@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.
Scott No Mates replied to the topic Becoming A Builder in the forum Help Needed! 1 year, 7 months ago
@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, 9 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]Scott No Mates replied to the topic Commercial Property investing in Austraia in the forum Commercial Property 1 year, 11 months ago
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]
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