The Aussie Julian is very obviously a charitable gentleman, and I am without doubt a cheeky b

. Maybee I should change my sign-in to ‘Cheeky B’. Whaddayathink?
Julian (NZ)

Judith, probably largly tax deductable too, but can’t help but think that a lot of people slow their wealth building processes by spending a king’s ransom on seminars. Very often much of the information is available in books – and librarys are free.
Julian

To kill all fascists and dictators to make the world how I want it so we can all live happily and peacefully (stole it from George dubya).
Julian

Just because you’re paranoid doesn’t mean they’re not out to get you!
Julian

Welcome to NZ’s biggest playground, The South Island. Hope you enjoy it.
Cheers, Julian

Kenzhang, while the queen continues to be the reining monarch of Australia a day off is given in her honour. (I believe most Commonwealth countries do this) When/if Australia becomes independent the day off will be probably be switched to the “Presiding Leader’s day”.
However, there is no obligation on you or anyone to celebrate it, but if you…[Read more]

Redwing, there is only 12 months to run on the lease – which means you could soon be looking for new tenants soon. Will it re-lease easily at the same or a better rate if your tenant does not renew? How does the value compare with other similar offices? Does it need refurbishment? New office tenants sometimes ask for you to refurbish the…[Read more]

Suppose the negative gearing works at your current income level and while interest rates are low and while property is hot, but what if one, or worse, a combination of the above falter? Don’t forget that property is cyclical, and after a boom a bust is sure to happen. In a situation where the bulk of one’s investments are negatively geared all…[Read more]

S-I-S, Thanks for the offer but board games don’t really do it for me, not even Monopoly. For recreation I prefer chasing naked young women around the smimming pool. Trouble is the women I would like to chase have too much good taste. Still the mind can dream… Oh yes, the other problem is I don’t have a swimming pool.
Cheers, Julian.

Michael, it’s all about prioritising, making changes, sacrifice and doing the hard yards. Do you want it enough, and can you convince your family to run with you because it is going to pay off for them in the long term. The worthwhile things take a little effort, and can cause some temporary discomfort. But for many, myself included, it is…[Read more]

PeterP, I’m going out on a limb here because it could be that Australian and NZ taxation rules are slightly different in terms of claimable expenses, but I put the above scenario to my accountant and he said costs (and remember this is NZ I am talking about) involved in a property purchase are capitalised and depreciated, that is they are not…[Read more]

Good on you for checking out a commercial deal – they’re not as easy to purchase as residential, but the returns are usually better and the headaches are usually less. Lenders may be more inclined to loan to 80% or higher if you have additional security (not nec yours – it could be a family member or someone very trusting of you), or possibly if…[Read more]

Hey, you get better odds on the Wallabies when betting on them from this side of the Tasman! But your point is taken.
Regards, Julian.

CheekyOldBat, SLA are a strange set of initials to apply to the term, “Native Title”
Regards, Julian

jancrows, tongue was very firmly lodged in cheek! But, anyway, what is “SLA”?
Julian.

Michael R, but if you became a NZ citizen and listed NZ as your primary place of residence then any monies taken to Australia would surely be as a NZer taking funds to another country, and therefore not subject to capital gains tax in Australia. I actually had my tongue in my cheek when I first muted the idea, but on further consideration thought…[Read more]

PM Maurice, what melbear said was pretty well spot-on. Important to check out the lease document, title, and due diligence on the building and area. The reason banks have a higher LVR is because they perceive risk to be higher. It is therefore very important that you get a location that is going to be easy to relet when/if the current tenant…[Read more]

Achan6, as someone who has spent more than a few dollars on seminars and on books I say that by far the better value is with the books. You can borrow them from the library rather than purchasing them if you would like to be totally focussed on saving for your deposit.
Good luck, Julian

Can anyone please explain to me what justifies paying so much for the Cashflow game vs so little for Monopoly? Cashflow is promoted as teaching financial literacy, but my opinion is it’s more about providing financial well-being to Bob Kiyosaki!
I have played both games and neither come close to the real deal of property investing, but if I had…[Read more]

What a great find this posting has turned out to be. For any kiwi readers willing to search through second hand bookstores it could be worth your while trying to find yourself a copy of Jones on Property by Bob Jones (out of print). This book influenced my decision to get right out of residential property and into the much more stimulating genre…[Read more]