“newbie, 4 posts”,
bah humbug

i got a dark chocolate egg with ginger for myself a few days ago (!!) as well as everyone’s favourites, but they are long gone! and from my partner today a divine special swedish easter egg with inside it all these special imported chocolates I love like Mozart Kugeln and liqueur cherries, special jubes with real fruit, and handmade truffles…[Read more]

depreciation is basically a loss. it’s an on paper loss really, but it is deducted from your income so basically you ‘earned’ less. So less tax to pay. Also don’t forget that expenses from activities done to derive income (minus the personal component, of which there must be one otherwise the tax dept’s don’t go for it – according to my…[Read more]

thanks yack, that’s a major acknowledgement from you, and as such I’ll take it!

*grin*

I have to work on something else for a bit and if I get time I’ll write ‘chapter two’ tonight, but you’ll prob all be asleep as I keep ‘writer’s hours’.

Thanks for all the PMs, man! This is v. cool!

hey bear, I’m only dealing with NZ property contracts so far.

“You can even get gifts from RE agents for refering a bit of business their way.”

re the above, I am quite certain you are right! However on our initial mail-out to clients, we promised (among other things) that we are not getting kickbacks from agents, or brokers we recommend, but we…[Read more]

flipping a property to a client is not ‘being a real estate agent’. It’s passing on a deal from one investor to another using the ‘and or nominee’ to assign the property at settlement (i.e. when the conveyance of title passes to the new owner.) In between the time when the flip has occurred and before settlement, there is an agreement between the…[Read more]

Thanks for reading! “i do love a nice bit of info-tainment!”

So i will carry on tonight with part II!!!

As far as “(‘Personally I really don’t know if all the work, time and expense are worth it, not to mention the risk.’)”

I always said,’I;ll do it as long as it’s a) fun or b) profitable, and if it’s neither I’ll throw in the towel.’

If i…[Read more]

SOOSHIE

*rushes over and gives her a big pash*

how I’ve missed you!!

haha, vindicated, love it when that happens.

I told you guys that the CF+ves would pop back up in Aus when the ‘crash’ happened (the good side of a bust is cheap buying opportunities!) and it seems they are starting to.

time for hallelujah?

Maybe it will become like Auckland, Auckland city being the number one highest spot in NZ for cashflow…[Read more]

“All I can say is that it’s a good thing I don’t own any NSW real estate.”

I agree, as a non-owner. I mean, I couldn’t have afforded to negative gear anyway, even if I believed in negative gearing which I so don’t anyway.

But I have sympathy for those who lost money for years negative gearing their crap 2 percent yields, looking forward to eve…[Read more]

“Also, check out http://www.positivelygeared.com.au They source positively geared property in New Zealand, and put you in contact will everyone you need.”

For a very reasonable $4400 per property.
Hmmm. i think it’s time to put our prices up.

sorry, mistyped. I meant the other way around. 600 equity.

Also you misquoted me!!! Grrrr…. I wrote, “I know TO someone who has a house they bought in Sydney in 1991 which is now worth 850K a…..controlling a mill worth of property doesn’t sound like a big deal”, not ‘I know someone who has a blah blah’. Leaving out that little two letter word…[Read more]

“Heard on ABC radio that mini bugdet will make stamp duty payable on the sale of investment property.”

Ohh, I feel a NZ real estate boom coming on even more so now.

hi, thanks for sharing what you bought it for and when. no reason other than curious. I agree that you should try and hang on to it especially if it is performing (or has the potential to perform) as a rental.
the reason people don’t get loans or do is three things, debt to equity, credit rating, and serviceability.

Perhaps if you keep the house…[Read more]

“I agree with Kaye Henry – a property millionaire is EQUITY based and can be no other – 1 mill property and 1 mill debt = 0”

agree or disagree with KH all you like, (“lets see whos opinions win”) -knock yourselves out!

I’ll even join in and mess up your argument completely though before we throw it out of court, which is given that you are right…[Read more]

“Sibo,
Spotting is illegal in Australia if you do not have a Real Estate license.”

Rubbish.
OK, if it’s not, define ‘spotting’ and show me the law I’m breaking.

Castle, it wasn’t API it was The New Zealand Property investor magazine.

“make great television’ (my words)…..

and will appeal to many people. THe more people know about scams, the better!”

I meant ‘great television’ ironically!! how sick it is that we have (i.e.) the aus idol programme where the cameras follow the fat/cleft palate/ugly/can’t sing at all (i.e. underdog) – watch the judges make mincemeat of them,…[Read more]

how to get a great return from a rental property without buying one?

um, sublet?

or, kinda – rent someone’s 2 percent returning negatively geared nightmare which is costing them 8-10 percent after costs, and possibly also going down in value, thus giving you as a tenant the lifestyle of living in a property you could never afford to buy, and…[Read more]

“It often appears that rather than applauding those who are changing things for the better in others lives, they are being mocked for something others don’t understand.”

Yeah, I agree with this.

With the few crumbs of inside info into the MAP program we’ve had here, it seems it’s alive and well! some have already made it, some still will (they h…[Read more]