IMO seek professional advice and factor in the tax cost ASAP

best of luck with the project

don’t go buying “messy” places unless you are prepared to be active and clean it up – messy people don’t clean up their mess – even if they obligated to, it’s called slackness and slothfulness – you won’t change their human characteristics

So true.

The solicitor handling your conveyance should be able to help you out with this one. Should be…[Read more]

Hi,

IMO this kind of discussion is fine. Just my 2 cents. It’s positive that there is scope for questions to be asked and answered by those forum contributors that also offer services.

cheers

P: Noise coming from under instrument panel. Sounds like a midget pounding on something with a hammer.

Ah, thats where I left him. Please post him back COD!

Hi Foundation,

Both articles sound all to familiar. Just as the end comes some herald doom and others continued fortunes for everyone.

I have never been to the US and don’t suggest we lump all markets together and make blanket assumptions. I dont own any property there. I am sure there are areas with plenty of capital growth left. There will…[Read more]

Hi Cutegirl,

Have you considered renting out the property you have just purchased or renting part of it to gain extra income. This may increase your servicability enough to change your situation.

Cheers.

Hi Hrm,

Try the search function on this one as it seems to come up often. Best of luck.

Cheers

ah, but what a great game!

Hi Gatsby,

Sorry, it worked in the preview but does not want to play now.

We usually rent but through circumstance are living in one we own at the moment.

Cheers

true any fall is not good but hopefully investors are not geared to the level where they can’t weather a 5% fall in values.

If investors build up a portfolio over a number of years these corrections will have little impact.

Cheers

but then

May 24 (Bloomberg) — New Zealand’s dollar rose amid expectations that Reserve Bank Governor Alan Bollard could increase interest rates amid signs that inflation pressures in the local economy are persisting.

We will have to wait until June 9!

i was actually thinking the original figures were not that bad?

HI,

Is it possible that if there are no units at all in the town that there is no demand for them. Just something to consider before spending your cash?

Good Luck

got to agree.. quality work takes time and skill and money. Hey the reno Kings Seem to be harmless and well intentioned. Great for people who have got absolutely no clue when it comes to the hands on stuff. A kind forum member sent me some stuff the reno kings did on the radio. At least they are entertaining to listen to. Very up beat.

.
Cheers

Hi Specific

I agree the figures matter most, but INITIALLY learning to add value, dealing with tradees or simple DIY is enticing.

Dont forget that the figures are not the only thing.

If a property meets your financial benchmark (different for everyone) that is just the start of the due dilligence process not the end.

Good Luck.

Hi

Have not invested in QLD myself but it is very refreshing to see investors with long term goals doing the required due diligence. Best of luck with your plans.

This is a complex one and hopefully there are a few accountant who might have a go at it for you with some actual numbers.

The structure will obviously provide significant assest protection benefits.

However, your PPOR is CGT free. I would be interested to see what arguments come forward to support buying in the structure.

Not paying CGT could…[Read more]

Hi Specific,

The price of property in some locations does make it impossible for investors to buy close to home ( for cash flow ) So I suppose it may depend on where you live.

The risks increase the further you are away from home. So it will depend on your confort levels.

Management will become crucial.

You may find that it is you ability to…[Read more]

what you really really dont want is a deal that the local agents have left for the aussies or the bird dogs.
.
A particular deal may be refered to as “not yet on the market” and miraculously signed up by a bird dog who lives in another country.
.
It does not make sense that the agent would not put a property to the open market if it is a valid…[Read more]

Hi Chris,

Check out my recent post re the budget annoucements this week. Plans have been announced for a very limited NZ FHOG linked to compulsory savings. Different to the OZ version. The grant is limited and buyers wont be able to get their hands on the cash until 2010, however, as with all gov’t intervention there will be an effect on the…[Read more]