Scott No Mates replied to the topic Using newly set up SMSF to buy/invest in commercial offices in the forum Help Needed! 13 years, 12 months ago
Absolutely nothing wrong with that logic, in the case of your super fund, there is no problem with purchasing commercial property. You haven't mentioned your ages so you may have restrictions on how much you can contribute via salary sacrifice.
Scott No Mates replied to the topic I cant operate my business as the real estate won’t make repairs in the forum Commercial Property 13 years, 12 months ago
If you have a copy of the inspector's report or the condition on the DA/CC which requires the gate to form part of the path of egress, then write, use the fax/mail not email, as it must be a proper notification. It has to operate 24/7 ie when the premises is occupied.As you have the undertaking from the agent, include a copy of this in your…[Read more]
Scott No Mates replied to the topic I cant operate my business as the real estate won’t make repairs in the forum Commercial Property 13 years, 12 months ago
A gate is not a fire exit. Put your issue to the agent in writing & to your insurer. If there is a risk, you have taken the risk away from yourself by notifying the agent to repair and the insurer has a copy of the letter as well. Tellling the agent is one thing, putting it in writing you have a record which will stand up if queried by the coroner.
Scott No Mates replied to the topic Bypassing the agent straight to the vendor. in the forum Help Needed! 13 years, 12 months ago
Are you prepared to lose the deal because you want to wait out the exclusivity period? Also, if you don't like dealing with the agent, get a hired gun to do the negotiation, that way you have an expert on your side, you reduce your risk by not waiting out the exclusivity period & you don't deal with the agent.
Scott No Mates replied to the topic Where are all the DECENT units to live in Sydney under $400K? in the forum Help Needed! 13 years, 12 months ago
5 months looking must mean something. This might be a hint.
Scott No Mates replied to the topic Who can determine if renovation is possible in the forum Value Adding 14 years ago
you could probably talk to someone from Archicentre, they have a range of architect who can prepare a roughy for a small cost
Scott No Mates replied to the topic I cant operate my business as the real estate won’t make repairs in the forum Commercial Property 14 years ago
What does the lease say with regards to repairs and maintenance? Is it part of your fitout obligations or the landlord's structure? Which state? Is it retail premises, commercial, industrial or residential?
Scott No Mates replied to the topic Where are all the DECENT units to live in Sydney under $400K? in the forum Help Needed! 14 years ago
Good point Matt but it will create a bit more pressure on the cheapies.
Scott No Mates replied to the topic Where are all the DECENT units to live in Sydney under $400K? in the forum Help Needed! 14 years ago
You'd be hard pressed to find one on the Lower North Shore. Most of the older one bedders (in original condition) my way sell for well over that price. Two bedders if you are lucky might come near the high 4's/low 5's.If you are lucky you will find a few around Meadowbank, Ryde, West Ryde in that price range (some good ones too, not on main…
Scott No Mates replied to the topic SMSF, Commerical Property, Own Business, Long-Term Growth in the forum Help Needed! 14 years ago
I preferred your original explanation Terry.
But getting back to business. 5% annual growth may be bullish but returns offset cg. generally you would factor in vacancy however being the tenant you’re fine unless you outgrow/leave the property.
Location: you’d need a crystal ball to pick the best locations but none of those are bad areas. you…[Read more]
Scott No Mates replied to the topic Demolition/Salvage yards + windows in the forum Value Adding 14 years ago
The window itself is 10-15 mm smaller than the opening, architraves.mouldings are then fixed around the window to cover the gaps.
Scott No Mates replied to the topic Selling investment property, not sure about CGT in the forum I’ll back Terry on this 14 years ago
I’ll back Terry on this one. Only a valuer can provide a valuation for these purposes, you may want it to hold up to scrutiny.
Generally, cgt will only apply from when you moved out up to sales date. Whereas the answer would be different if it were an ip first.
Scott No Mates replied to the topic Back Up Contract – Original contract conditions may not be met by due date in the forum Legal & Accounting 14 years ago
Why do they wish to extend unless it is to their advantage to delay? Is the back up as good as the original contract?
Scott No Mates replied to the topic How do you become a buyers agent/advocate in Sydney ?? in the forum Help Needed! 14 years ago
Good luck. Ask for your registration subjects first so you can work in a local agency on Saturdays.
Scott No Mates replied to the topic Roof insulation – advice pls in the forum Value Adding 14 years ago
Hint oh Wise one, smoke does not damage timber. What you might be seeing is either smoke residue (black soot etc) which is cosmetic – paint the joists if you're that desperate or charring from flames – which is much more significant and is damage.The idea of insulation is to slow the transfer of heat either loss of heat from inside (in winter) or…[Read more]
Scott No Mates replied to the topic Paint Brands: Advice Required in the forum Value Adding 14 years ago
I can’t justify the premium between ‘trade’ & weather shield. Just as good imho.
Scott No Mates replied to the topic Paint Brands: Advice Required in the forum Value Adding 14 years ago
As it is exterior paint, light colours tend to last better and not fade. The things to watch include how well the paint will last being subject to heat, sun, wind, rain. cold etc.The cheapest may not be the best option (why is your relo recommending this option)?
Scott No Mates replied to the topic Tenant Application Form / Screening Tenant / Tenancy Database / Pets & so on!!! in the forum Help Needed! 14 years ago
For a tenant application form, go to the forms section on apmasphere.com.au
Scott No Mates replied to the topic Saving money through owner builder? in the forum Help Needed! 14 years ago
Joe,all I am alluding to is that although outsiders can only see a large gap between retail prices for materials & the finished product, it is the years of skill etc which make up the pricee difference.We all like to think that what we don't know can't hurt us but ignorance kills. Shortcuts, like a poorly laid out site, unsafe practices, poor oh&S…[Read more]
Scott No Mates replied to the topic Good Property Solicitor / Conveyancer in Sydney in the forum Help Needed! 14 years ago
Shape wrote:
… he does sound grumpy at times, but that comes with old age…It just comes naturally to me


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