Quote:
Originally posted by Qlds007:
Happy to help email me.

Or post them here so we can all share.
Judi

Hi fjficm
I also looked at Horsham and other towns near where I grew up. The points you’ve mentioned are pretty good reasons not to invest there. Maybe if there were good wrap opportunities? Investing there for capital growth seems to be too much of a gamble. Maybe someone else can see something we can’t though. I know another forumite who…[Read more]

Yes, I think you got it. Well done []

That sounds good Chan, but are we allowed to go into that room?

Has Tools got it? If not:
Is the lamp on a table? Is that relevant?
Would the answer be the same if it were a:
TV?
tape recorder?
heater?
Any other kind of lamp/light?

Do we need to use something like tools or curtains etc?

You might want to post this in the finance section but I’ll have a go.

Question 1. I’m pretty sure it’s the second answer. If you keep it for 12 months or more then you only pay CGT on half of the profit.

Question 2. Not sure. Do you mean to have a home loan and an investment home and claim the interest on the investment home as a deduction?…[Read more]

Is it significant that the appliance is a table lamp?

Hmmm.. I’ll come back to you when I think of some more questions. How about “One a bit easier for Judi”? []

Process of elimination? Maybe the other 2 control lights in that room?

So no doors or windows where you could see the light if you try each switch in turn?

Do you mean a single trip to the room with the lamp?

Don’t ordinary table lamps just plug into the power point? I’d follow the cord []

Is this one to ask yes or no questions to? If so, are there any cords or wires visible?

“The alternative advice is to find ” a solution “. Can someone give me an example of how this works relative to a buy and rent out (for +cf) situation.”

Increase the rent []

Seriously though, I’m about to install a brand new air con for $200, paint the very old and worn lamipanel in the shower for a cost of about $60 (primer and laminate paint)…[Read more]

One thought would be that if they are +ve cash flow, this will improve your servicibility which also affects how much you can borrow. Why not borrow 95% of the purchase price, that way you’ll only need small deposits and you might be able to buy more properties straight off.
Regards
Judi

Hmmm. Looks like you’ve got a lot of work to do before you seriouly consider a veranda. I’d be thinking to make it presentable and then work out the cost and potential benefit of putting up a veranda. Depends a bit on the situation as well. Is it in an environment where that extra living space would be utilised? Or is it in a freezing cold…[Read more]

Wish I could pay 47000 in tax. That’d mean I’d earned ..ummm…well, lots []

Marc, yes, that’s right as far as I know.

Judi

Hi Rachel
There have been some previous posts about this if you want to do a search. From what I understand, you arrange finance here the same as you would to buy in Australia. CGT doesn’t apply in NZ but if you bring the money into oz, you pay tax here.

I don’t think it matters about distance although I know some people like to buy in their…[Read more]

Hi Lisa
I understood that you want +ve cash flow so you can work less in your job. That being the case, any profit you make from the properties would be offset by your reduced income from working less, so your overall taxable income would be the same. Wouldn’t it?

Don’t let one “expert” undermine your confidence. Try another accountant.
Good luck
Judi

“Where the hell does Mary come from?”

That’s priceless Muppet []

Freedomfighter, stop whining and re-read the replies. The answers are there.
Respectfully yours,
Judi