They’re usually pretty standard within the one area.

Often you’ll get discounts if you have multiple properties managed by the one agent.

I pay between 5% and 10%.

Rod.

Hi Brent,

I’ll be interested to see if it makes a difference, my work connection is straight into the internet (I work for a telco that does wholesale internet) and these pages are often slow and do “hang” a bit.

Rod.

Chandara,

For population, employment stats etc try this:
http://xtabs.stats.govt.nz/eng/statsbyarea/area_main.asp

Rod.

quote:does anyone know what tax rate a trust company runs on cheers.

The company (corporate trustee), generally won’t pay any tax if the company’s only function is as trustee, as it isn’t earning income in it’s own right. Any income earned by the trust will be distributed to the beneficiaries who are then taxed at their marginal rates.

Rod.

It’s just what Luke said. So for his example if you’re in the top tax bracket (48.5%) you’ll pay 48.5% of $6500 if sold in under 12 months or 48.5% of $3750 if sold after 12 months.

Rod.

If you sell after 12 months you will pay CGT at your marginal rate on 50% of the CG. If you sell before 12 months you’ll have to pay CGT on the full amount.

Rod.

Leigh is correct, the company documents should make the trustee/trust relationship clear that the only business of the company is to act as trustee. The assets will be purchased in the company name as trustee or possibly in the name of “XYZ trustee as trustee for the AAAA family trust”.
The companys bank account should probably be titled something…[Read more]

I may have appeared overly negative with my last comments. I certainly consider that I got my money’s worth when I saw Dolf last year.

Rod.

I was going to say something, but after reading Bill’s comments. I should just shutup, otherwise I’ll be a mug as well.[]

Oh yeah, Alf, it does sound like a LOC. (hypothetically, of course!)

Rod

quote:Have heard that what Dolf presents at his 3 hr seminar is mainly what is in his book Real Estate Riches

I agree with muppet, the seminar contents is pretty much identical to the book contents. There’s certainly some good stuff there, but if you’ve read his book or listened to any of his tapes, you’ll be struggling to find much that is new.…[Read more]

Hi Bill,

could you include me as well.

clarkr at powertel.com.au

thanks,

Rod.

Hi Lisa,

You should be able to get preapproval from Australia using a NZ bank. I would agree with the other comments it’s probably easiest to get a mortgage broker to do the leg work for you. They should be able to take all your details and shop around for the best package.

Different banks have different rules. I’ve heard that Westpac have a…[Read more]

nu gen,

your properties will probably be -ve cashflow before interest rates reach 10.4%. You’ve only allowed for the interest expense, what about rates, vacancies, management fees, insurance, repairs etc.

Rod.

nu gen,

your properties will probably be -ve cashflow before interest rates reach 10.4%. You’ve only allowed for the interest expense, what about rates, vacancies, management fees, insurance, repairs etc.

Rod.

Hi Dino,

I was wondering how you got the right answer with the wrong interest rate!

Rod.

quote: ROD C is the winner..

thanks Bill,

it actually took me a lot longer to type it into the post than to do the actual calculation.

Rod. []

I reckon it’s $453412.92.

This is how I got there:
year 15 $2000000
year 14 $2000000.00/1.104 = $1811594.20
year 13 $1811594.20/1.104 = $1640936.78
year 12 $1640936.78/1.104 = $1486355.78
year 11 $1486355.78/1.104 = $1346336.75
year 10 $1346336.75/1.104 = $1219507.93
year 9 $1219507.93/1.104 = $1104626.75
year 8 $1104626.75/1.104 =…[Read more]

quote:Telegraphic transfers are of course good for large sums but you have to go into the bank and do that, and it takes a few days. you wouldn’t want to be doing that every day, it’s a bit of a pain!
I haven’t yet found an internet way of doing international funds transfers apart from PayPal credit card kind of things.

I don’t know about any of…[Read more]

Lucy,

The type of member you are is related to the number of posts you have made. You’ll graduate from newbie to member when you’ve made 8 posts.

Muppet,

This is where I got my stats from:
http://xtabs.stats.govt.nz/eng/statsbyarea/area_urban.asp

Neill and Dingo, you’re both quite correct, the correct structure is just as important as finding…[Read more]

hi muppet,

the census figures I’ve seen show different numbers. The 2001 figures I saw for Kawerau had 19.3% unemployment!!

I hadn’t seen the figure for empty dwellings, but when I spoke to the local PM they had no empty houses on there books and only a few vacant units.

Rod.