Hi Premo11
couple of things
1. pete r is a very good post and you would do we’ll to follow it.
2. its a bit late now put you need to do this research before buying the investment because you are currently running bare foot down a freeway and the other investor are driving vehicles to get to the end.( or they should be)
3. The accountant is what…[Read more]

Hi donchristie
Couple of question and i’ll give my own answers. If there wrong sorry.
first time in vesting in property not a smart move to go into a 900k single property investment, in the most high risk market for me. Holiday rental and have no managment to supervise.
This type of investment looks great medium returns, holiday location.
Will…[Read more]

Hi Pete&Jackie
interesting post.
The one main item here is price if the price is the either way then your customer is a lot better off.
1st
land 150,000
s/duty 8,100
build cost 200,000
total 358,100
2nd
house sale
358,100
s/duty 19,337
Gst would nearly be the same using the margin scheme.
but your client saves 11,237 in tax.
So I would go for…[Read more]

hi edzel
I will try to answer your post heading first.
Apartments is it good to invest( I will say I have a vested interest in my answer as a developer of units).
my answer is yes depending on.
The price,
The rental return in the area.
Demand for units.
And current growth or potential growth.
I haven’t got a clue on the nz market hence I don’t…[Read more]

hi jenny
please give me the good oil.
I have a 250 unit develop in hervy bay and i’m just doing the numbers.
what sell price new is it currently
what are they discounting by currently.
As soon as this guy was telling me your post came to my mind.
somebody is going to get the project not sure yet if its worth running with yet.once I get the…[Read more]

hi all
outside the square again.
I have been having alot of computer problems with our network and a computer friend told me to change over my main frame to a macintosh(apple) reason the little virus makers don’t make them for macs hence you can’t buy a mac version of any of the anti virus programme.
interesting its demand and supply, no demand no…[Read more]

Hi FAST TRACK
If you’ve Conducted a full Feasibility Study.
and you’ve got arms lenght pre sales I would be aiming at a 100% lend at 8.75% and there are a couple of lenders that will lend on this.
Contact a couple of commercial brokers,Simon pulp finance can organise in sydney they charge 2% commission to organise there deals.
I can give you his…[Read more]

hi batts71
I have both and its good to mix.
Its actually easier to get the lend before the tennent signs as once signed the value of the property is depending on the lease mine are 5 x 5 and 6% cpi increased (if the cpi is higher they pay that rate)(1 has a commercial tennant,they want the option to purchase soon, comming out of lease in 2…[Read more]

Hi loanwolf
Usually its 12 months but I have bought 2 year option from vendors.
Its usually 1% they are handy and you can make money as long as you can get what you want.
I posted an option yesterday that lost over 500,000 (not sure of the post have a read and youll see my response)(i can send it to you again if you wish)because it was zoned wrong…[Read more]

hi NATS12
I’m with simon on this one but you need to go to the council meet a planner get his card and ask your question re land per site and yes it is different for.
duplex
townhouse
and units ( if its units ask me again)
Make sure you get on well with this planner when you meet him or her as he/she maybe one of your best friends by the time of…[Read more]

hi all
I like to read these post just a short note.
Linar look at assett protection then if it does go pear shaped you may not lose the lot don’t know youyr vehicle but mine is I have a max of losing one asset at a any on event or loss.
may be an idea to look into it.

here to help

ok
i’ll bring the tim tams

here to help

Hi Cata
Are you in sydney I would like to talk about unit trust and assett protection for my trusts.
If yes to above then we may talk at the meeting on sept 11

here to help

hi fast track
couple of question
1. What form are the deposits in,cash put calls deposit bonds etc
2. Are they all arms lenght purchasors ( no similar names, or 30 in the same name)
3.Is the site raw, da, cc, or under construct
4. Why not using the current finance company.
5. Why is the property selling with such a high pre sale content.
6.Who is…[Read more]

hi all
I’m no accountant either thats why I have robert but who said you don’t charge gst on rent any thing over $50.00 (and I hope your rent is more then $50.00)is subjected to gst.
The trust should have a company above it so this process can be done.
You also need it for the running of the investment and a whole lot of other reasons.
I don’t get…[Read more]

hi roy
great idea put you will need an alarm clock or somebody to tell me to shut up.
I think you will be looking at more comming because a few newbees haven’t posted but will once they have read the post.
So I’d be pitching at 15 and if needbe ask the people next door to use there office as well.
oh I like tim tam (or arn’t we allowed to make…[Read more]

Hi Operator
couple of things
1.Don’t take the plunge until you know what you are plunging into. it maybe the golden waves of success or the hard desert sand of failure.
2.Drag the equity out of your property and then drop it back in to the loan ( check with your broker that there is no fees or fines by your lender for doing this usually there…[Read more]

hi Jenny1
Not one for hitting the girls as a couple of you ladies are reasonably smart investors.
so invest
I am not with dazzling about getting out of this property for only one reason and that is you said that you wanted to move into it at some time, so it must be within your time line of where you want to be with 5 to 10 years.
If it is not a…[Read more]

Hi gattaga
rip the roof off, put the same size as the bottom on top, reno it and flog it to a family.
do it right and you will double the value of the house for 1/4 of the original value check with the real estate that by doing this you are not over capitalising for the area.
It also gives the whoo factor and that sells.
if you are a handyman most…[Read more]

hi lifeX
like your style.
On the line when your young is the only way to fly, I will watch with interest and if you should fall from those heights and i’m still on the perch email me.
see if I can help.
Ive flown that route and you may stumble but make sure you don’t get in the tracks of others fly put of the group and look for returns or growth (…[Read more]