Scott No Mates replied to the topic Can a mutually signed contract of sale be a proof of deposit when applying for loans? in the forum Finance 13 years, 3 months ago
As above, you must prove to the lender that you have the discipline of saving not just drawing upon others to reach the deposit requirements.
Scott No Mates replied to the topic When choosing suburb, why consider past growth rates? in the forum Help Needed! 13 years, 3 months ago
There ‘s a lot to be said about ‘price relativity’, that is, two adjoining suburbs will be very similar but one may be slightly more expensive. It will always remain so but the price will still be x% above its neighbour.
Growth will still occur, prices will be skewed by development, new land releases or catastrophic events etc which will have a…[Read more]
Scott No Mates replied to the topic Bursting the Housing Bubble Myth in the forum General Property 13 years, 3 months ago
I just received a flyer from Qld.gov.au/boost offering $10k to buy, build or invest + an additional $7k for fhb. So the money’s flowing in other states as well.
Scott No Mates replied to the topic RE Agent Lodges Caveat for Commission! in the forum Legal & Accounting 13 years, 3 months ago
Peter, as far as I can tell, in NSW at least, the PSBA requires anyone who acts/purports to be a rea to hold a licence.
Why? Bureaucracy!? Even a degree qualified valuer can’t transact property.Scott No Mates replied to the topic 3rd toilet?? in the forum Value Adding 13 years, 3 months ago
You are talking ensuite, toilet & basin are essential, shower would be good, bathtub is not essential. As above, you could consider a hand shower over the bath if you really want a 2nd tub.
Scott No Mates replied to the topic Farm home properties in the forum Legal & Accounting 13 years, 3 months ago
I could suggest Terry but I’d get barred!
Scott No Mates replied to the topic opinion on property site location in the forum General Property 13 years, 3 months ago
council does not pay its share of fencing costs, you get tired of kids jumping the fence to get balls etc
Scott No Mates replied to the topic Identifying Asbestos In Homes in the forum Heads Up! 13 years, 3 months ago
now I thought you were going to suggest something like …smashing it, breathe in the dust, wait 20 years & if you’re deceased it may be a positive result.
PS: don’t try this at home.
Good luck with the book.
Scott No Mates replied to the topic Kitchen: Paint cupboard doors vs replace with new in the forum Value Adding 13 years, 3 months ago
If the layout is functional & cupboards sound, either replace like for like or change the doors & handles only.
How about the benchtop?
Scott No Mates replied to the topic Bursting the Housing Bubble Myth in the forum Bubble , no. In need of a 13 years, 3 months ago
Bubble , no. In need of a correction, probably yes.
How is it apparent? Longer days on market, lower auction clearance rates, lower median prices (reflecting no new stock or poorer quality sales) & reduced asking prices.
Scott No Mates replied to the topic Bursting the Housing Bubble Myth in the forum General Property 13 years, 3 months ago
Bubble , no. In need of a correction, probably yes.
How is it apparent? Longer days on market, lower auction clearance rates, lower median prices (reflecting no new stock or poorer quality sales) & reduced asking prices.
Scott No Mates replied to the topic Potential Commercial Property in the forum Commercial Property 13 years, 3 months ago
your due diligence should uncover if there has been a da lodged by the current tenant or if this is a conforming use. The risk being that the council kicking the tenant out, leaving the building vacant.
Are the capital gains due to the zoning, current use or proposed rezoning?
Scott No Mates replied to the topic Wolli Creek IP question in the forum Help Needed! 13 years, 3 months ago
Phil , the sales market is quite weak at present – look @ days on market & the level of discounting that is occurring, agents won’t tell you that.
You may look to buy a 2nd property & take advantage of the weak conditions vs strong rental market especially if you have the equity & ability to pay $30k pa
Scott No Mates replied to the topic Potential Commercial Property in the forum Commercial Property 13 years, 3 months ago
commercial property is a cashflow – you don’t buy it for the capital gains generally.
The higher the return, the greater the risk – is it industrial or office space?Will the selling agent accept a conditional offer based on a new lease?
Scott No Mates replied to the topic Wolli Creek IP question in the forum Help Needed! 13 years, 3 months ago
You will probably find that the property has not appreciated since purchase but would have dropped 10% or more – just the nature of new buildings, so don’t bank any windfall gains just yet.
Due to high transfer costs you might look at taking out some equity & buying again.
Scott No Mates replied to the topic Cashflowcapital in the forum General Property 13 years, 3 months ago
OK, assuming that you have paid CC for access to their website – you are bound by the terms of their agency agreement (buyer's agency – not sure what CC do for you for the money that you have paid but obviously many people use them so they must do something). You have trawled their website & viewed the links to various CF+ properties (sure the…[Read more]
Scott No Mates replied to the topic Cashflowcapital in the forum General Property 13 years, 4 months ago
The question a judge would ask is "would you have found the property on realestate.com.au had you not have been first introduced or advised where Cashflow Capital were recommending that CF+ sites were available?". "What proof do you have of that?" etcBut if a trust or a company which does not specifically show your involvement buys the property,…[Read more]
Scott No Mates replied to the topic Advice on who is responsible for damage to property? PM or lying tenant? in the forum Help Needed! 13 years, 4 months ago
Simple truth of the matter, you probably cannot get compensation from the property manager. Essentially, the decision to accept or reject a tenant lies with the owner, not the agent (they may recommend but not make the ultimate decision).From the sounds of it, the tenants have caused some damage to the deck but not irrepairable – yes the deck cost…[Read more]
Scott No Mates replied to the topic Tax Return Fees in the forum Legal & Accounting 13 years, 4 months ago
it is greatly dependent upon the quality of the information provided. Ie someone who presents with a shoebox would be charged more than one who presents with itemised & ordered income/expenditure statements in excel myob etc. Thus reflecting the actual work required for the client.
Scott No Mates replied to the topic LAND in the forum generally no but unless you 13 years, 4 months ago
generally no but unless you die or were declared insane there’s few options
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