hi samuri,

in addition to the comments above you could try “Successful Trust Management”by Ross Holmes. He is a solicitor that has published widely on the subject. Good luck with it all.

P.S That book has a fair bit of practical advice and examples so it may answers some of your questions. Then when you seek professional legal advice you will be…[Read more]

i think debt dog is right in that you may need a crystal ball

Hi Daniel,

Are you buying with cash or debt?

Cheers

Thanks for the link guys. Good to see some hard numbers floating around the forum. Where we are in Southland at the moment there has definitely been a correction. Which has meant there are quite a few more cahsflow opportunities around at the moment. Lower end properties with maintenance issues are not moving at all. The better stock is moving…[Read more]

you need to work out a long term plan. Buy when you find property that takes you closer to your goals!

or … you could word it that it is repaired to the satisfaction of a named person (tradesperson or inspector) that you pre agree on!

cheers padma I’ll check it out!

Hi Padma,

That is something I had not even thought of. What can you buy for Rs.35. Do you need a visa? Well you wouldn’t I suppose but what about people who only have an aussie passport.

Cheers

Hi Chewy,

We would be looking for somewhere warm with a bit of culture and not to many tourist. Oh and a good exchange rate. I now it’s alot to ask but who knows there could be a place out there.

Cheers

Hi Rob,

We use brokers all the time but sometimes the institutions with the best rates don’t use the brokers.

Cheers.

Hi, Not to much of a hassell to calculate a deductible portion of a mortgage. That was a while ago now. Currently we do not have any non deductible debt.

Cheers

Hi,

I was hoping there was some template in the industry that deals with larger portfolios.

Cheers

Well done Dazzling. Good luck with the rest of the project. As to the fittings. It would be pretty hard for either party to assert ownership in the absence of an agreement. Would need to aduce evidence from the previous owner and contractors etc. Very expensive and risky. Sounds like your wife is doing a good job anyway.

Cheers

If you pay into your home loan and withdraw for investment, the net interest will be the same, but the interest will now be tax deductible.

Got to agree with Terry. This is the way we have done it in the past.

Good Luck

Hi Lee,

The materials for this job would probably be around $600 – $800. However, it is impossible to say what is fair without seeing the job.

I would suggest you get a few more quotes and let the market tell you the going rate. Can you do it yourself? What is the opportunity cost to you?

Cheers

Hi,

This one came up the other day. Try the search function or go straight to the ATO site. Good luck with your research.( it caused a bit of heated discussion)

Cheers

So i need help to further understand what the implications of a US dollar increase will have, and so i can better explain this to her dad. He’s not really the investing type.

if he is not the investing type then I would not try and involve him in a foreign property deal. That’s just my opinion. Perhaps you could seek other private finance or try…[Read more]

well at least we are not owner of the property I heard about today. Vendor buys a tenanted property. One week later tenants gone and kitchen cupboard and oven full of used nappies. Cleaning up a bit of mess is nothing but thats a bit much.

Cheers

We live in NZ. You should have no problems finding properties at the moment. Alot of new stock coming onto the market with cash + potential.

Cheers

have to agree with the others. Huge call to attempt to self manage over a long distance

Best of Luck