Hi all,

I’m just looking at a QS report for one of my IPs (this was done by Deppro).
This property is a 3BR bouse built in the 70’s with some minor renovations done around 1996.

Total cost of property $143365
Value of plant $14170
Capital works allowance $6807
Land (from rates notice) $29911
Other $92477.

The depreciable amounts are the capital…[Read more]

Hi,

My motivation is similar to yours, I just want to be in the situation where I can choose how to spend my time without having to work 5 days a week to feed myself and the family.

Rod.

I disagree, it could well be worth while.

A QS report should cost around $400 and it’s tax deductible. Ring up a couple of QS’s and ask them some questions. They should be able to give you a rough idea of whether it’s worth pursuing.

Even if items like carpets, curtains, hot water systems, stoves etc are a few years old, you have still…[Read more]

The company won’t pay CGT in New Zealand, but if any of the gains end up being distributed to you as a dividend then you’ll pay tax on them in OZ as foreign sourced income.

Rod

Hi Celivia,

When I’m buying I much prefer to see a real price.

The $200,000+ type figures are real pain because the amount of the + varies a great deal from agent to agent. My view of the + would be about an extra 10-15% but I know of at least one agent who expects around 50% extra.

The buyer ranged deal, well I’d just guess that the middle of…[Read more]

Hi Leigh,

Yes, seeing the same questions again and again can get a bit tiring. You’re not the only one who was staggered at the increase in volume after the launch of the book.

Good luck to Steve, he certainly deserves it and he and everyone at this site has certainly made me think a lot harder about how I do things.

I was just idly wondering…[Read more]

My 2 kids make enough noise for 20!

There’s no way I could handle any more.

Rod.

Hi westan

Good points. I just hope that those watching will get the full message and not just rush out and buy the first “cheap” house they find. I think it’s a bit hard to get the full “due diligence” message across in a TV show.
Hopefully those who do decide to make a move will have enough sense to do appropriate research first.

We’ll probably…[Read more]

Yes,

That’s the impression I got from the promo.

I was just thinking about the anecdotal stories of country RE agents getting overrun with city buyers just after there’s been a seminar. Will all these media appearances encourage more of this behaviour?

Rod.

Hey richmond,

This isn’t a commercial post is it[?]

We know who you work for.[][][][]

Rod.

Well said Andrew,

We all owe a great thanks to Steve and Dave for creating the site. And also to all of the moderators who do an excellent job.

thanks,

Rod.

Thanks Slim.

Nhill???

I agree with westan, it’s a long drive. There’s probably a few other towns in that part of the world with more going for them.

Rod.

quote:Another tip for retirement day was if you are over 50 and have held an (active)asset for 15 or more years, when you sell it is TAX FREE!

That’s interesting – where did you find that?

Rod.

Hi Jim,

I meant what he writes in the Sunday Mail. I don’t usually bother buying it here in Melbourne []

Rod.

Hi Jim,

Can you post a summary of his response here?

thanks,

Rod.

How can TV be better than this[?]

I’m sorry I wasn’t online last night.[]

Rod.

quote:one very simple question can we add beneficiaries after we created the discretionary Trust ? ( lets say after 6 month )

Hi Amit,

I believe adding beneficiaries should be covered in the trust deed.

Rod.

You’re right Leigh,

this place has gone crazy since the book came out (with all it’s associated publicity).

I need to check at least twice a day to have any hope of keeping up.

Wonder how many of these new names will last[?]

Rod.

I’m 39 (big 40 next month).

But of course I only look at about 25. []

westan won’t dare disagree with me – I know what he looks like.[][]

Rod.