Forum Replies Created

Viewing 20 posts - 321 through 340 (of 3,802 total)
  • Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    jmsrachel wrote:
    Wife reckons I’ve been playing up all year. A big lump of coal for me.

    The kids have seen the lump of coal I brought back from Singleton.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    jmsrachel wrote:
    Wife reckons I’ve been playing up all year. A big lump of coal for me.

    The kids have seen the lump of coal I brought back from Singleton.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    Not only are there the lotteries but I get contacted by many sons/daughters of XXXXX who was killed but have been entrusted with $Millions.

    Why me? Have I got LO$ER tattooed on my email address?

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    The PM is still working for the vendor and the vendor is cutting their losses by not spending more money to evict the tenant which is of no benefit to them.

    Yes the application can be lodged with Consumer Claims Tribunal but it would be post settlement & their care factor is zero.

    If the tenant doesn’t vacate then you’re left carrying the can for the application & losses going forward.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    Ask & get the vendor/agent to show you or explain the costs.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    As  it is a bit of a mixed development ie highrise & townhouses, just confirm if you are subsidising the lifts if you don't own one of the buildings with the lift access.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    I'll also add that common areas of strata buildings also are deemed workplaces and will need an asbestos survey carried out for the body corporate & provided to contractors working on the common areas,

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    Unless you secure it with residential property (ie cross it).

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    With $300k in the banks how do you still qualify for benefits?

    Seek out private rentals eg gumtree

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    As a new build & no construction background go for an inspection regardless. It will pick things you’re unanticipated of.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    Only if it is a workplace.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    The bank will want to get its money on loan 2 if you are releasing the ex from house 1. The ex needs to remortgage #2 & pay your settlement back to reduce the loan.

    Everythings possible you may need the accountant, banks & lawyers.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    Where is Wandoan?

    You’re lucky if the tenant contributes anything toward outgoings especially with short leases. The rent should reflect this rate.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    Signed the POA today (it was prepared a few years ago but stage 2 is now due to be put into force including registration with LPMA).

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    brines wrote:
    hello

    Can anyone tell me where i would go to find out  estimated rental return on properties and how I would go about researching this?

    Brines, there is no one stop shop for info on rental returns. Research is your best guide ie look at the main rental websites ie domain & realestate, haunt the doorstep of agents and pick up their rental/sales lists etc then check out rentals in your preferred area and compare them to your property or to properties which are for sale – location, size, condition, features, parking, amenities etc to give you an insight into returns.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    Asset protection should not necessarily be your sole determinant. Other factors such as estate planning, distribution of income, no. of properties that you intend to own, the risk of getting sued should all be considered.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    theycallmeBruce wrote:
    @wakebrown In my street I have received 2 flyers saying things like 'investor will give you CASH today for your house' and a mobile number..

    Apologies for posing an unrelated question – but how do I create a new thread. I going out of my trying to find the 'new thread' button……………cheers

    There is a button at the top of each thread category.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    Most trusts in NSW start paying land tax with no threshold. Check the osr.nsw.gov.au website

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    Transfer of ownership is at the discretion of the other company directors. So if the other directors don’t like you, a prospective purchaser or tenant, they won’t grant consent to sell or lease.

    They have more power than Body Corporate.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    Same rules probably apply Richard, you can’tbe getting a benefit from the investment – it still needs to get driven to the service centre or petrol station though.

Viewing 20 posts - 321 through 340 (of 3,802 total)