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VernS

  • VernS replied to the topic James Dawson – Commercial Property Cash Flow System package in the forum Commercial Property 7 years, 1 month ago

    Hey Sam, as @realsmarter said most outgoings are paid for by the tenants. This is fairly standard in a commercial lease. That said – they cover things like building maintenance, paint, fittings etc but generally not anything structural – you need to cover that.
    This is the same with any building but makes it more important to get a building…[Read more]

  • VernS replied to the topic James Dawson – Commercial Property Cash Flow System package in the forum Commercial Property 7 years, 1 month ago

    Hey Sam, as @realsmarter said most outgoings are paid for by the tenants. This is fairly standard in a commercial lease. That said – they cover things like building maintenance, paint, fittings etc but generally not anything structural – you need to cover that.
    This is the same with any building but makes it more important to get a building…[Read more]

  • VernS replied to the topic James Dawson – Commercial Property Cash Flow System package in the forum Commercial Property 7 years, 11 months ago

    Hi all – I’ve not been on this forum for months… but I came on today to find a boatload of PM’s asking me how it was going with the James Dawson course… I’ve answered a few personally but I’m running out of steam (not much of a typist) so doing a public update.

    I’ve done a bunch of courses so I have some background in res investing. This was…[Read more]

  • VernS replied to the topic James Dawson – Commercial Property Cash Flow System package in the forum Commercial Property 7 years, 11 months ago

    Hi all – I’ve not been on this forum for months… but I came on today to find a boatload of PM’s asking me how it was going with the James Dawson course… I’ve answered a few personally but I’m running out of steam (not much of a typist) so doing a public update.

    I’ve done a bunch of courses so I have some background in res investing. This was…[Read more]

  • VernS replied to the topic Insulation in commercial property – who pays..? in the forum Commercial Property 7 years, 11 months ago

    @Azalia, these are things which is worth making sure you get into the lease before they sign it…

    It’s worth negotiating… I would have said yes I’ll pay for it but I will increase your rent a little just to cover the cost of it… since it was their request and it’s making their business more pleasant to be in (I’m guessing warmer in winter…[Read more]

  • VernS replied to the topic Insulation in commercial property – who pays..? in the forum Commercial Property 7 years, 11 months ago

    @Azalia, these are things which is worth making sure you get into the lease before they sign it…

    It’s worth negotiating… I would have said yes I’ll pay for it but I will increase your rent a little just to cover the cost of it… since it was their request and it’s making their business more pleasant to be in (I’m guessing warmer in winter…[Read more]

  • VernS replied to the topic Any renovators out there? in the forum General Property 7 years, 11 months ago

    Thanks to all who chipped in on this. I actually got some really clarity around looking for comparables and finding comparables that are selling for the most money – sweet tip…

    In the end after a few discussions with some smart investors and our friendly architect/subdivision expert we have decided to know the sucker down, subdivide x3 and use…[Read more]

  • VernS replied to the topic Any renovators out there? in the forum General Property 8 years, 10 months ago

    Thanks Jacqui,

    At this stage we want to stay in this house (at least for a while) the main objective is to increase the value of the house as far as the bank valuation is concerned so we can use any added equity we create to invest elsewhere. Banks probably have a slightly different perspective than local agents – but I like your idea:

    Also…

    [Read more]

  • VernS replied to the topic What Commercial Rental Yields should I aim to achieve? in the forum Commercial Property 8 years, 10 months ago

    Hey Liz, I’m just starting out with commercial (bought a commercial investing training course – see the James Dawson thread in this forum).
    I’m finding that even sub $1Mil there are properties that can achieve 10% yields. Also, talking to my finance people – For properties under the Million dollar mark I can get 70% – 80% LVR making it much more…[Read more]

  • VernS replied to the topic What Commercial Rental Yields should I aim to achieve? in the forum Commercial Property 8 years, 10 months ago

    agreed Blackangus – vacant properties attract GST, already tenanted ones do not

  • VernS started the topic Any renovators out there? in the forum General Property 8 years, 10 months ago

    I just bought a property which is officially my PPR – I am renovating to build equity and I want to replace the front windows.
    There are 7 windows in the front 950x 2.2m which are ugly – what’s the best thing to replace them with to build value?

    Sashless windows? Or knock the walls out in between and put in byfolds? (at least the ones in the…[Read more]

  • VernS replied to the topic James Dawson – Commercial Property Cash Flow System package in the forum Commercial Property 8 years, 10 months ago

    Hi Guys – am new to this forum but saw this thread and felt I can help.
    I bought James’s package a couple of weeks ago – going through the course now.
    It’s really good so far – I was a bit hesitant at first because, to be honest, I didn’t really believe 8% or more returns were possible.
    BUT going through the materials and doing some numbers on…[Read more]

  • VernS became a registered member 8 years, 10 months ago

VernS

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