Hi Frank,

There are plenty of ways to go offshore but you really need to work out the cost of set up versus real gain. Tax avoidance is avoidance so anything you do to get out of paying won’t fly. You need a legitimate reason.

Alot of people do it. I have just done some company searches on a few “motivational type” orgainisations and 2 steps removed they are firmly located in a tax haven trust structure – no assest held that could be touched in a legal action. But that was just being nosy.

Talk to your accountant – depreciation???? surely your paper deductions will be significant if you are investing in NZ up to 4% on build and you can write building off from day one at the value of the building at the time you buy it. eg building and land 200k. land value 50k. your depreciation write off starts at day one at 4% of 150k so that is a possible 6k paper deduction in year 1- don’t know how it works in the usa.

http://www.ird.govt.nz/resources/file/ebbd7e41823cfbe/ir265.pdf

Sourcing Positive Cashflow Investment Property http://www.cashflowproperties.co.nz/properties-5.html

how’s it in the uk Dohicky – what property opportunities have you found??

Sourcing Positive Cashflow Investment Property http://www.cashflowproperties.co.nz/properties-5.html
Experienced spotters wanted Napier & Rotorua!!

hi drx,

reading the thread makes me ponder how different all the property managers we have are. some probably are not cutting it which means we have some work to do to fix a few things.

I have a serious question. how much would a property manager in a hypothetical franchise suburban re office get paid? and what size rental role would they be expected to handle for that .

cheers

Sourcing Positive Cashflow Investment Property http://www.cashflowproperties.co.nz/properties-5.html
Experienced spotters wanted Napier & Rotorua!!

Is it still possible – yes!

But – there is a show on tv here tonight with Robert Kiyosaki being interviewed. in the sound bite he states that 9 out of 10 people fail.

I will probably watch the final of “rock star” instead – Those guys crap on any “idol” show from any country i have ever seen. off topic. maybe if it has been on tv in oz someone can tell me how it goes.

Sounds about right to me.

How many people have read steve book? How many people took the next step? How many people tried and failed? How many people didn’t even bother trying because the “sky was falling” How many people failed but tried again. How many people are doing it right now and loving every minute of it?

I reckon it’s possible but you have to listen to your own little voice. Does not matter what anyone on here thinks. If the voice is saying no you can go to seminars to your head explodes and read books till your eyes fail out. Nothing will change.

Sourcing Positive Cashflow Investment Property http://www.cashflowproperties.co.nz/properties-5.html
Experienced spotters wanted Napier & Rotorua!!

Hi Guys,

I don’t have any property in the Us but I will say that management in genreal is one of the most overlooked issues IMHO in realtion to property management.

I don’t envy the job that the managers have but there are certainly huge differences in the type of service that you can get from agency to agency and person to person within agencies.

Become a sponge the will be people on these forums who will be able to help you out of this jam (or at least you would hope there are). Get some phone numbers, make a few new pals. Investing is a team sport they say.

cheers

Sourcing Positive Cashflow Investment Property http://www.cashflowproperties.co.nz
Experienced spotters wanted Napier & Rotorua!!

Hi Paul,

No. There is no stamp duty or capital gains tax in nz. Entry and exist costs are very low and will amount to lawyers fees and bank fees.

But some investors forget that if you are a oz tax resident the ato still wants to know about your worldwide income so you need to talk to an accountant about that. There are many on the forum who pop up from time to time that should be able to help here..

Many just gloss over this but why not get it right at the start rather than having a huge tax bill.

I am looking at a small commerical proeprty at the moment with an net return of 11%. Although I am having alot of “fun” for want of a better word getting the deal done.

I am also looking at another property with a 8% net which is a fairly good yield given the growth potential of that particular property.

I also have contracts out (no back yet so may not get it) on a resi property with a 8.4% gross yield with potential to renovate to 10% and has subdivision potential. Not many have been building in this area but I have just seen the rental returns on some brand new stuff a few streets away which are blowing away property managers.

Kum Yin – I like your style. Sometimes you do have to listen to that “voice” .

But like you said we probably all have the same thoughts in a way but not many people make the plan that you spoke of and actually get things done.

I had a similar feeling about Perth and did nothing about it (we had a trip planned and did not follow through). That’s okay as one door closes another opens.

The fact is people are making money out of property all over the world. I recently when for a trip to fiji and on denaru island there is a new massive keys style development and a few new hotels. Someone is making money oout of those.

Nigel on this forum is doing the US and is from what i read moving there. I would be great to have someone on the ground actually looking at these flips.

There are people on here who invest in thailand and other asia market and people from all over the world investing in nz, oz etc etc.

At 41 – to answer the original question – you will have to make a move and do it quick smart. I am not necessarily advocating a rampant buying spree but get the level of education and confidence to a level that when an opportunity presents you will be able to recognise it and the take advantage.

cheers

Sourcing Positive Cashflow Investment Property http://www.cashflowproperties.co.nz
Cash Flow Property

Yes! It is a very sound concept and if the world was full of people renting that treated their home well “as if” their own then their would be alot more happy landlords out there.

But i agree with tony you have to weigh up what is important to your family.

Personally it does not matter to me whether I hold title to the property I live in. It all feels the same now as we own many homes and have lived in rental. I am actually living in a rented house typing this and I have not seen some of the homes I own for a couple of years.

I think that like alot of “material” out there about investing Rich Dad series is great as it introduces alot of new ideas and challenges a few stale concepts.

cheers

I Buy Property http://www.cashflowproperties.co.nz
Cash Flow Property

What do I invest in? Mostly residential property with something extra to add, ie a “potential” that I have assigned a value to and factored into the price of the deal.

So working backwards from an end value to me I can determine the correct purchase price for me! It’s not really rocket science.

I love property!! How can you not get excited and be postive about it? Will I be able to buy random property without any due dilligence and expect to profit? No!!!!!!!

cheers

I Buy Property http://www.cashflowproperties.co.nz
Cash Flow Property