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Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of blacktulipblacktulip
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    @blacktulip
    Join Date: 2005
    Post Count: 12
    June 11, 2007 - 12:13 am

    Hi jefftheunit,

    Thanks for the reply. I don't have a SMSF, only have an industrial super fund and very little money in it (not even enough for a 10% deposit). I'm still an employee and my boss wouldn't do salary sacrifice for me. My accountant here is not very "creative" so I'm in the process of looking for a better one. Do you have any suggestion? I live in a country town but will travel anywhere if I can find a good accountant. Thanks.

    Profile photo of blacktulipblacktulip
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    @blacktulip
    Join Date: 2005
    Post Count: 12
    June 9, 2007 - 2:42 am

    Hi MKC,

    I'm only speaking from my own experience. I've been eyeing this 3 storey commercial building in the quiet end of town for my own business. I know the owner is desperate to sell so he can put the money into his super before end of financial year. From what the agent told me no one had shown any interest (probably due to the location, it's not a busy area but due to the nature of my business location doesn't matter) so I decided to wait one more week before making the offer (vendor was reluctant to go below the asking price that's why I decided to wait). Guess what, someone just wandered into the agent's office off the street and bought it immediately without even inspecting the building on the day I was going to make the offer! I went home and cried for 2 days.
    So if you really like it, talk to the vendor and don't wait too long before taking any action. You never know, someone can just walk in and buy it on the spot.

    Profile photo of blacktulipblacktulip
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    @blacktulip
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    Post Count: 12
    June 9, 2007 - 2:25 am

    Have you done a budget?

    Profile photo of blacktulipblacktulip
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    @blacktulip
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    June 9, 2007 - 1:56 am

    Hi Elka & Wildthing,

    Thanks for the reply. I've checked out those books and will get a copy.

    I'm kinda new to this thing, what do you mean by "expense the lease costs"?

    I'm a dentist working in a regional town. I've been trying to set up my own practice but due to the mining boom there's a very long waiting list for tradies to do the fit out etc. I've tried leasing but figured it's not worth paying 1 year's lease while I wait for the tradies (that's $42K down the drain!), besides I realized I've to pay all outgoings, rates, tax , etc of the landlord (even the landlord's solicitor's fees!), and the rent will increase every year according to CPI. So I've decided to buy my own commercial property with a tenant in place, so I can at least have an income from the rent while I plan for my surgery and wait for the tradies (and kick out the tenant at the end of the lease ). Also I've done some calculations and found out the mortgage repayment is heaps lower than the lease and I can do whatever I want with it because it's mine.

    Profile photo of blacktulipblacktulip
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    @blacktulip
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    June 8, 2007 - 3:47 pm

    After 2 years of searching I finally found one. It's out there, keep looking!

    Profile photo of blacktulipblacktulip
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    @blacktulip
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    June 8, 2007 - 2:26 pm

    Thanks for the reply. I'll give them a call to find out more. Going home in July.

    Profile photo of blacktulipblacktulip
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    @blacktulip
    Join Date: 2005
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    June 8, 2007 - 7:56 am

    Thanks for the reply. I'll give them a call to find out more. Going home in July.

    Profile photo of blacktulipblacktulip
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    @blacktulip
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    January 11, 2005 - 3:57 pm

    Hi all,

    I was checking out rental properties in Rocky on the net when I came across this forum. Can anyone tell me what’s the reasonable rent for a fully furnished house with airconditioning? I’m moving down there in 3 weeks time and I haven’t found a place to stay! [confused2] Anyone looking for a tenant?

    VN

    I don’t suffer from insanity, I enjoy every minute of it!

Viewing 8 posts - 1 through 8 (of 8 total)