A couple of issues to be aware of: how do you share the cost of power as each will use different amounts, you may have to have separate metering? (Water split isn't as big a problem as staff will probably only be 1 per office). A/C split based on floor area.Are there common areas/services eg: reception/istWill each office office be…[Read more]

If it is that big an issue, once you have achieved a da take the condition to the land and environment court (it can't be that big an issue, for you to design around or for council to move to some lesser requirement eg S94 contribution).

Formulate your goals & timeframeDetermine your risk profile (do you want resi/industrial/retail/offices/service stations/marinas etc), where, how many and what mix.The profile will determine how much you can borrow. (You can borrow a higher % for resi compared to commercial property however the return may not be as good).Are you investing for…[Read more]

The licensing required will also depend upon whether or not you intended to be the builder or just the developer. If you are only the developer, engaging the architect, engineer, other consultants and the builder then you probably will not need to hold a builder's licence. On the other hand, you intend to control (including project manage) the…[Read more]

You should be able to request a compliance certificate (whether you put it on the vendor, who can refuse) or you request it & a copy of the DA drawings from council (under Freedom of Information or usual requests). If there is insufficient parking, then it is just something that the council will have to work through with you (the building is…[Read more]

keiko wrote:
okay how about a free site with software where i can keep each property upto date with $ spent per building also where it can let me know when rent is due and also when a lease will be expiring etc

Have a play with Rentmaster http://www.rentmaster.co.nz It comes with a free trial which should be sufficient to check if it does what you…[Read more]

The building was constructed under the planning act & building ordinances which were appropriate at the time, if council has provided a S317AE certificate (occupancy cert) at the time of construction, then the building complied. There would have been some requirement for parking even back then (possibly 1 space/200m2 or whatever) however there may…[Read more]

Look for a 'local' accountant ie one around Bondi as there is quite a dearth of Kiwis living in the area.

That was exactly my question TCL. Is there a story behind this one, do expats/OS purchasers pay more or get some other benefit?

vita22 wrote:
(Scott, my shorthand is still in want of education – what does SMSF stand for?) Greatly appreciated! Vita22

Self-Managed Super Fund

Can a discretionary trust (or other trust) distribute to a SMSF or other SF (so that it only pays 15%). Does the SF need to be a beneficiary of the trust or is it good enough that it is my SF?

Unreal wrote:
So, for a negatively geared, long term investment it would be a good thing?  Just not a short term, money-maker?

Before you buy, consider your exit strategy. That is, do you have to sell thru DHA or can you sell on-market? Will it be harder to sell as it has a long term lease in place? Will it be sold at a more attractive yield…[Read more]

Why pay for it (ie don't offer $ unless it is asked for). You may instead get a by-law for exclusive use of the area, in return for the obligation of maintenance of the area. Make sure that the exclusive use can be passed onto any other purchaser.What do you intend to build? If it only involves paving then it shouldn't be a drama however if you…[Read more]

Plumbing/drainage works, air-conditioning work, asbestos removal and electrical work requires licensed trades – roofing and roof plumbing doesn't (you don't need a ticket to connect to stormwater).You will need an OB licence.Your DA cost will indicate the total cost of construction including all trade work. You should get any contractors/subbies…[Read more]

patriotsoldier wrote:
Hey I have searched the forums and am either missing the information or maybe its a little over my head.Im looking at a Commercial deal(my first) and I think its a good deal, i just want to go into it with full knowledge.My questions:Outgoings…. Tenant pays most outgoings on a commercial deal seems to said alot, but can s…[Read more]

Heath, you are heading in the right direction. Your brief to the architect should take in your desire to build in 2 stages maintaining the current house.Is the intention to strata and sell all/some of the units off or are you going to hold on to them all? Is your father going to be contributing to the construction costs/finance costs on a 50/50…[Read more]

1 – as it is your sister, I'd be inclined to self-manage, mainly for the reasons you have already outlined.2 – get a lease in place, this protects you and your sister and your relationship.3 – regardless of the 3rd person, you are not just a landlord, you can visit your sister at any time (if that is the sort of relationship you have with her).

Are bank bills still an option? Do you have the $ for the 40% deposit on a commercila loan?

Mine are getting insulation. That'll keep them happy,

In the first instance, speak to the licensor (it they aren't already the person that you deal with). Tell them it is unacceptable that you should bear the cost of their blunder/incompetence etc & see what they come back with.