Hi Guys,
I have done the same as above…..
The reason for the 76% share is the ruling in NZ that if any shareholder NON RESIDENT (NZ) owns more than 25%…. must pay income tax and do two lots of tax docs. (NZ and AUSSIE).
To get around this you simply make the biggest shareholder 76% (as long as they are NZ based) and in our case I have 1% and…[Read more]

Wrappee pays for it … plus interest !!!!f when they refinance to property into thier names. They will probably be charged anywhere between 12-16% interest.

Or …. If you do not havethe time …. then purchase off a bird- dog(Specialist in sourcing properties)…. just look for the decent ones though …. as there are plenty of sharks out there trying to take your hard earnt cash.

Education is paramount thought if you are wishing to get into this game …. an a lotta backbone and gus is required…[Read more]

Originally posted by MaiA:
Hey all

In defense of Tokoroa, …
Also to be able to buy a home for much less dosh (compared to Auckland prices) is another major attraction.

Cheers
Mai

Hi Mai…. only problem is that hte capital gain opportunities are not there as much as other opportunities out there.
Cheers.
Kiwi

Hey There,
Yes it is a book (guide) by Dale Gatherum-Goss
I Found his other book “Tax battles” to be better for me as it not only went into trusts but also to minimise tax using the trusts to thier full capacity.

We modelled our legal protection vehicle (Trust Instrument) via the Tax Battles Book.

http://www.propertybooks.com.au/dgg.htm

Cheers,
SW

hEY Kosmic,
If you are searching for a 40-50% off trade for brand new …. send me a PM (in Sydney Only)
Cheers
Kiwi[baaa]

Originally posted by vernon:
Originally posted by Dr.X:
Hi Vernon
can’t speak for kiwi (thanks Kiwi by the way for providing those examples). But I’m presuming that the option fee of %5000 and the weekly option payment of $145 is dedicted from the final purchase price of $295,000.

So the tenant has %5000 + 156x$145 =$27,620 to credit towards the…[Read more]

hey all,
This is the beauty of this tool…. you decide.

I have “allowed” the upfront option fee to apply and to not apply… depends on the character of the tennant…. or how many applicants you get.
If times are tough and you ahve little to work with then yes…. if you hae applications falling out of your A@#e then you can decide and use it…[Read more]

You could try this,

Put an offer in and ask that the vendor leave 15% in the deal (don’t go in low though ….otherwise it put the balance to far in your favour).

Once you get an offer that is accepted… approach a lender that accepts gifting and you have your deposit ready to go.

just an idea! see how you go.
Cheers
Kiwi

Hey….. It is normally people that care about you and think they are doing you a favour by trying to protect you from something that baffles them. Normal behaviour I am afraid. Similar to “Tall Poppy Syndrome” – As soon as someone climbs up out of the rat race… they are promptly attacked by those that are jeolous and hard done by…..
We need…[Read more]

1. See if they have lied to you with thier verbal response to the Question “so how is your credit?”

2. also get them to sign a release of rental records from the last 12 months rental landlord.

You could always ditch your Neg ative geared property (cut your Losses) and start with another IP and build from thre.

You have 320K of accessable equity (80%LVR of PPOR-$130K outstanding)
This means you can secure over 2.5 Million of positive geared properties (one at a time)

if you had 9 properties cashflowing $30each NETT…. you would not…[Read more]

Hey,
Sounds like the question may be do you want capital gain (profits- commonly know as gambling on the market rising)…. or do you want to get cash in your back pocket today. If you want CG then you wil be able to quickly find the tools to see which areas are growing fastest and you can see whether your suburb is a good risk or are there beter…[Read more]

Also
http://www.eaussie.com.au/

Hi Yasmina,
Just ot clarify…. do you want to be dept free…. or have the debt pay for itself and give you some freedom of choice?

There is good debt and bad debt…. IP is good debt (as long as you are not paying for it out of your pocket) PPOR is not so good debt …. but consumer debt is BAD debt.

How long ago did you purchase the IP? what…[Read more]

Hi Yasmina,

Some more info is needed to try to assist you with some creative thought.

1. Regarding your mid to long term goal…. did you want to be debt free? or not relying on your job to pay for it?

2. Is your investment prop cashflow positive or just positively geared (gives you cash after tax considerations).

Without info on your loans,…[Read more]

Thanks Guys!

Good luck with your investments!
Cheers
Kiwi [baaa]

Live example:

Location: Mount Druitt
Option Fee: $5K
Strike Price: $295,000
Weekly Rent: $250
Weekly Option: $145

Combined weekly: $395

Term 36months
Did not excersize option at 18 months. did it again at a higher price!
Cheers
Kiwi

Hey there,
The rule in general is, the longer the option is in place … the higher the chance the option will be excersized.

For example only 25% of tennants will excersize the option in the first year.
This increases as the years go by and almost 90% excersize in the final year.
Hope this helps. This is based on past experience and research…[Read more]

Hey all,
Great comments and brain strain!

You have to remember that the $44,400 credited back in 5 years will be more than enough to secure the deal as proeprty prices will have possibly nearly doubled so the security that the bank holds will be already in excess of say 50% of LVR…. any bank would lend on this. – based on the fact that proeprty…[Read more]