Hi Kattan,

I have just ordered Trust Magic, so I’m sure I’ll learn more from that, but if you can explain, then I’d really appreciate it as I’ve set up a trust and want to use it to it’s full advantage. When you say:

“It is under a Trust structure hence no worries re Cap Gains.”

What do you mean ‘no worries’? Is it possible to buy in the name of a Trust and still not pay CGT??

The possibility excites me[hair2]

I;ve never done a JV, but I would think that a solitor would be the best person to advise you and draw up an agreement and put property into the correct names etc.

Hope this helps
Kirsten[aacool]

Hi Bennido….

Gee, you’ve really got the energy around here pumping with your post!

We also bought our first IP (in Kirribilli) -vely geared. We got in and renovated, and used the added value to refinance and renovate our PPOR.

These days, 4-5 years later, the IP is still slightly -vely geared, on an interest-only loan.

Right now, my husband is out selling it because I believe that although it’s still a good IP – it doesn’t fit into our investment plan anymore.

So… what I’m trying to give you an example of is, it’s possible to change investment plan from -vely geared to +vely geared. Use your property to it’s best possbile advantage for now and then as you move into your ‘prefered way’ of investing, if you can’t make this one fit (by wrapping or renovating or whatever) then sell it.

Regards and best wishes.[biggrin]

Hi Westan,
Thanks for the sympathy. I was looking in Rotorua…but I fear that I got there too late. Also, as a city it really didn’t appeal to me. Is aesthetics/habitants/smell a good enough reason for being turned off investments? Or am I being too emotionally based?

Tokoroa was the place that I was all prepared to go and buy 3 or 4 properties from but when I got there, there wasn’t 1 house available to buy – the agent I had been dealing with told me as I was about to get on a plane from Sydney to Auckland. They were all sold! [ohno]Whole flaming town. Anyway, it may not have been a bad thing that I missed out on Tokoroa property because that week they downsized the mill (major industry serving the town) and many workers were laid of (about 70 I think – which is HUGE for there).

The few places that I was interested in the returns in Rotorua were either occupied by gang members or had them as neighbours[blink][confused2]
Better luck next time…back to searching.

Russ, I agree that this is a GREAT place to find out info and combine knowledge. Maybe you and I just need to jump in and take an IP that isn’t entirely perfect. That’s what I’m thinking anyway – that I’m being too cautious.

Take care all,
Kirsten

Hi All,

I’m really keen to get investing also. I recently went to NZ and I was pretty disheartened at what was (or wasn’t) available. However, it was a first trip, and I know have set up a good structure for investing and have learnt a great deal.

….I’ve been looking at the richmastery site. The properties that they have look good for positive cashflow. However, I’m aware that there were a couple of comments about them not being great investments.

I’m really interested to gain some advice from experienced investors here….can anyone explain what isn’t good about these properties?

Sorry for the ignorance.
Kirsten