Did you note my post read: ‘A message from Robert Kiyosaki’?. Have another look.
Why does a true investor not worrying about taxes not have merit in this situation? Are you planning on selling? Oh yes, that’s right, you are looking at wrapping – but you can get away with it if you mark up by 11.9%!
To be honest, I don’t know how you would claim it either! Best ask an accountant if you are able to deduct the costs off the profit of your option. that’s the only real way I think you could claim it……. But definitely ask a good accountant.
Sylvester Stallone sold his dog before he made Rocky. He had written the script, and wanted to play the lead. he was offered a lot of money (can’t remember how much – about $400KK) for the script, and him NOT to star – ryan O’Neil to star[lmao]. He was…[Read more]
Hey Sue, can I have the details so I can go and buy them []
If you have the options of both increased cashflow, and future gains, grab them!!
Not sure what you think of wraps or whatever, but you could always sell one or two of them to existing tenants if they have been there long term – you could do a ‘real’ vendor finance deal by taking a…[Read more]
I remember Dolf De Roos saying that leasehold land is generally long term lease in NZ, and is often sold at a discount to freehold?
He said that an advantage of leasehold is in the depreciation. Because you are not paying any money for the land, you can depreciate the entire purchase price.
Is this not true? Or not really relevant…[Read more]
I wish! As I said, I rang the Ombudsman’s office, and they are the ones who gave me the info! I’ve had three debits reversed so far ($2083 each!), and last week I finally got a letter from the company debiting my card letting me know that my bank reversed the transaction in February (they’re very quick these guys that work for NII)!!…[Read more]
We originally started with St George, but then got knocked back on a loan as they thought we ‘were too aggressive’, and that prices were going to fall – this was in November 01! Plus, we were already jointly over their ‘comfort level’.
So to get that deal across the line we went with HomeLoans Ltd. Another deal we went to with HomeLoans, and…[Read more]
1. Be ready and willing to fire your advisors if they’re not the right fit – or if you are constantly educating them.
2. If you sign contracts for a long settlement with no finance in place – get onto it early! Be prepared to go to backup plans (I went to plan E on my last purchase [ohno2][puke])
3. This forum is a great place to learn what you…[Read more]
My company just got a low doc loan – on my financials, and they did not care one iota about my ‘savings history’. I had to ‘declare’ my income, and show them my assets and rental etc. and that was it!
Savings would have killed me because there is none as it all goes towards bills and more properties….