Total Members: 159,208

Scott No Mates

  • Scott No Mates replied to the topic Creative smsf in the forum Commercial Property 11 years, 3 months ago

    If the land is commercial, then provided that you will not be living in any building built on the land there is no conflict.

    Depending upon which state that you live, you will need specific advice from legal and town planning with regards to the lease term so as not to appear as a sale to the end user (to avoid paying stamp duty) ie leases over…[Read more]

  • Did she not use a solicitor or conveyancer who explained the contract to her?  Oh she sold the unit, was it at a healthy profit?

  • Scott No Mates replied to the topic Breaking lease, HELP! in the forum Help Needed! 11 years, 3 months ago

    Check the WA Consumer Affairs website. It should have advice on what your rights and obligations are under the new form of lease (is it an REIWA lease or the new type lease?).

    Technically, you will be obliged to pay the rent until a new tenant is found unless there is a break clause in the lease. You will need to pay the owners costs in respect…[Read more]

  • Scott No Mates replied to the topic avoiding capital gains while out of state. in the forum Also a change of address on 11 years, 3 months ago

    Also a change of address on your car licence & other bills (insurance, bank accounts/loans etc) will also help.

  • Scott No Mates replied to the topic avoiding capital gains while out of state. in the forum Help Needed! 11 years, 3 months ago

    Just get power/phone connected in your name (billing via email/direct debit). Then disconnect and transfer into tenant's name after a month.

  • Scott No Mates replied to the topic Deposit Interest in the forum Help Needed! 11 years, 3 months ago

    The contract may provide that the deposit be put in an interest bearing account in joint names of the purchaser & vendor. In this low interest environment, even a $100k deposit will earn very little interest over the 40 days that the funds are held in trust.

    As Shahin points out, the RE trust account does not earn interest (this is creamed off by…[Read more]

  • Scott No Mates replied to the topic Who lives at No. 7 Risson Street Melton? in the forum Help Needed! 11 years, 3 months ago

    Try your luck with council on the premise of needing to replace the fence.

  • Scott No Mates replied to the topic FSR And Zoning Calculations in the forum Help Needed! 11 years, 3 months ago

    You've lost me on the 154 jason. Is the 55% a site coverage figure? Why do you divide by 5?

    770 m2 is just over half of the site.

  • Scott No Mates replied to the topic FSR And Zoning Calculations in the forum Help Needed! 11 years, 3 months ago

    FSR calculations are close to what you've got however you need to understand what the LEP counts in the FSR. Depending upon the definition, FSR may exclude such areas as garages, storerooms, voids, garden etc. The other thing you need to watch is the % or area required as private open space (ie yard area).

    As for units with an FSR of 2:1, then…[Read more]

  • Scott No Mates replied to the topic LETS GIVE OUR FARMERS GRANTS NOT HOLDEN in the forum General Property 11 years, 3 months ago

    Let's kill 2 birds with one stone: give each farmer a new Holden ute ;)

    Bolsters the (new) car industry, assists farmers by replacing some older equipment.

    Ruins used car sales prices.

  • Scott No Mates replied to the topic Suing your property manager in the forum Help Needed! 11 years, 3 months ago

    Buckley's chance of success unless you can show that they have breached the agency agreement. They may be incompetent, useless, a waste of oxygen 

    Good luck.

  • Scott No Mates replied to the topic Sales analysis in the forum General Property 11 years, 3 months ago

    Possibly, RPData full service. You may have some luck with onthehouse.com.au or oldhomelistings.com.au

  • Scott No Mates replied to the topic Tell me I’m not unreasonable in the forum Help Needed! 11 years, 3 months ago

    Nothing too unreasonable on your part Mosaic. As for weekly opens, depending upon the state you are in, the  agent can only arrange opens in the last X weeks. Are you on holdover/expired lease now? If so, then the agent has to give a greater period of notice to terminate (60/90 days), you only need 21 days.

    Inaction/BS answers from the PM that…[Read more]

  • Scott No Mates replied to the topic two titles on this property im looking at purchasing in the forum General Property 11 years, 4 months ago

    Have you reviewed the council DCP to determine the minimum lot size required for a house? Even if you already have 2 titles, you may need 600 m2 to build a house? What size would be required for duplexes/villas (if permitted).

  • Scott No Mates replied to the topic Property Managers and landlords – do you change locks? in the forum General Property 11 years, 4 months ago

    Generally, I don't change locks/have them rekeyed. In one instance I had a place with 7 different keys: security doors, front/back doors, side door, dead locks etc. Had them all keyed alike.

    Next time around, will be looking at electronic combination locks ie swipe card type where they can be reprogrammed for the next tenant. Less than $300/lock.

  • Scott No Mates replied to the topic Who’s research do you believe? in the forum General Property 11 years, 4 months ago

    If you want to know the growth rate, get friendly with a local agent then ask them for a list of the last 5 years sales for the area. Then analyse these sales figures. Do it by category ie Units 1 bed, 2 bed, 3 bed units, then do similar with houses/villas/duplexes and compare year on year sales. If you are really serious, compare the properties…[Read more]

  • Scott No Mates replied to the topic When is it time to sell investment property? in the forum Help Needed! 11 years, 4 months ago

    Sometimes, you get rid of your stars as well. Why? They have done their job – reap the rewards from these and concentrate on new strategies etc. There may be an upside in keeping the underperformers eg. is the area about to go through boom times etc? 

  • Scott No Mates replied to the topic DETROIT BANKRUPT in the forum Overseas Deals 11 years, 4 months ago

    This may cause a few global repercussions wrt finance as well.

  • Scott No Mates replied to the topic Documents post settlement in the forum Legal & Accounting 11 years, 4 months ago

    Chase your conveyancer – they should be able to advise and order the documents that you require. Otherwise ask your mortgage broker/bank.

  • Scott No Mates replied to the topic Leasing car thru property investing in the forum Legal & Accounting 11 years, 4 months ago

    If you want a car, salary package with your employer. Keep a log book for usage for your IPs.

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Scott No Mates

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