How true this is ~!![evo]

I’ve also just talked to the REA about the house and he said the owner would like to sell the house pre-auction at a reasonable price. I have a feeling that they want to sell this quick and as they have already got their new place (posibly to obtain cash for the new house). If anyone is interested in this feel free to…[Read more]

Really? But why? Is it because of the landlord being able to ask for a better price because his buyers are strugling to find finance?

Anyway this is pro. not the deal for me, ’cause I’m not ready for a wrap yet, though very interested in it if I can find a buyer … [cowboy2] Or maybe I can sell the information to someone who is interested… the…[Read more]

Thanks for the reply, KP and MortgageHunter. I’ve just talked another consultant at Metropole and again the result is excellent. I’ll consider seriously and will make a decision very soon.

Sorry for not being specific enough. Yeah my long term plan is to have it as my money machine so I’ll move out and let this become my IP after 6 months. I move in simply because:
1. to claim FHOG
2. my current lease is ending i’ll have to live somewhere
3. i can watch my future housemate myself and feel more comfortable with the…[Read more]

Come on Mono, have you been a Guru before as well? No you don’t sound like a Guru, you sound like a Guru’s teacher []

Cheers,
YC

Thank you!

But that’s the NSW site of FHOG and I’m in VIC. But don’t worry, I’ll ask a lawyer about this issue. Thanks anyway again!

[YC, on the FHOG site it states u can rent the rooms out as long as the house is still the principle place of residence…]

Hi,

Thanks for the reply on the other thread. Just wonder could you please send me the link if not too much trouble? I’ve been searching on that site but can’t find that piece of info.

Thanks mate!!

Cheers,
YC

what if someone LIVE in the house AND RENT IT OUT? (1 room for himself and 1 for tenant) is that considered residential?

Hi elika7264,

I’ve been using this site as a reference for information in suburbs. It’s not cheap when goes down to street level info but it looks to be really specific and detailed – sorry can’t give you more info on that since I’d been only using the free one. Let me know if it’s good when you do purchase any report from them. Or can anyone…[Read more]

What the… why I never know there is such contractor companies???[comp] (well maybe I never expected to find any job-related information on property forums ^^) Thanks soooo much mate! Are you going to be a long time contractor? or just take it as a stepping stone in the current IT market?

Feeling the same passion, sharing the same…[Read more]

[cigar]missed it … totally booked out.. wish you have a good time there folks

Sure, that’s not too hard to understand. But what happen to companies? I wonder if you can set up a company in NZ and use that to manage your property? Or is it that overseas investors in NZ are not allowed to set up a company?

Thanks for the reply.

Cheers,
YC

Hi Lucifer_au,

I notice you mentioned Travelling to and from the property. I’m considering to go to NZ for my 1st IP. Can I claim the travelling expenses in the trip as my lose in business thus claim tax return? And do I HAVE to set up a trust/company for this? This brings up another question of mine: is a trust or a company more appropriate for…[Read more]

Hi Westan,
I’m no accoutant, and am just confused here: if you set up a trust/company in NZ won’t it be a NZ entity (based on foreign investment) that should be working on itself independent of AU? And just how does AU government tax it since it is not an AU company?

Thanks in advance!

Cheers,
YC

Wow, wonder what I was doing when I was 12 years old… It’s amazing to see a 12 year old kid talk about property investing and long term goals like a semi professional! Dude keep up the good work and study hard in the degree your desire (I’m sure Monopoly has got some good advice for you in her PM ^^ ). Be careful it’s fine to get interested in…[Read more]

hum, good advice, thanks to you all.
Simon I like your idea, I actually do want to pick up the phone and ask but have been busy finishing off the project (and don’t want to make calls during business hour in the office about a personal home loan … ) I’ll definitely go to a bank and a mortgage broker for a quote after my contract…[Read more]

Thanks heaps for both of you! Well since i’m new to the property market I’d stay alert with those attractive ads and keep your words in mind!

Thanks again!

YC

wow, plenty of replies after one weekend.

Thanks for all your advice, I appreciate all the helps given and am evaluating my situation to apply the right strategy. To Westan, Kay Henry and AceyDucey, I’ll definitely have to read more and make a qualified decision.

In fact, I am thinking about buying some -CF/-ve properties in Melbourne, use the…[Read more]

In addition, is the population growing, and has there been any reason why people will come and rent houses there? such as Tourism/Mining/Others business going on there?

Y.C.