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Type: Posts; User: Bluekiwi
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I will be seeking proper financial advice from property accountants.
But first port of call, is to get a good idea of what set up I need from a finance / bank perspective.
The goal of the JV.
Sounds brilliant, I will email you.
Maybe in a week or so, in the middle of buying 2 houses at moment :)
You get tainted when you buy a rental while you are actively engaged in the business of property trading.
But to make it easie for yourself you would close the trading entity down, cancel your gst...
Reno it cosmetically for a tenant.
But have a go at selling it and see if you can realise 50k.
As the RV that was done, could be 60k higher again after spending 20k on it.
Then you gonna have...
Okay lets put some detail into it:
Set up Joint Venture company (Limited Liability or LTC I have no idea) that is GST reg.
That JV entity takes up a 200k RC say, using my JV partners home as...
Yeah well no one really knows do they, and those who might know certainly are not going to tell you.
Its money and investment mostly so I would be thinking 70% of the 80% is investors, but the...
It wont look the same if you stain.
Last six months from experience in the market trying to buy auckland property, attending lots of auctions and putting in offers, and buying 2 houses.
I would estimate:
60% chinese (NZ or...
Well I am a member of APIA, not from it, but I know you value my opinion so I will leap into the breach.
I have no idea what that means, its gibberish to me, people and investors all buy for...
They dont, think outside the square lefty.
They abolish all housing support in auckland and christchurch.
If these people want housing assistance, then they "Choose" to go somewhere less...
Sending 30,000 people from Auckland to the far north is a heck of a lot more cheaper than building 10,000 homes in Auckland.
Where is your social responsibility Leftette.
Thats a 7 Billion...
Okay we have painted 2 houses in the last year, that were Cedar.
Good luck staining new wood and having it match existing.
Test it first, even doing 1 or 2 or 3 coats we couldnt get it to...
I guess thats related to Financial Armageddon !!
More people coming here to escape the woes of the world.
Yes I admit it was arogant, guess what, I dont care.
But true arogance is naming towns as zombie towns in the newspaper and effectively condemning people in those towns who have jobs and own...
Despite being a far left loopy loop exstremist, and the only Cunliff supporter left in NZ :)
Leftette is right.
Contrary to common belief, it is actually cheaper if you have a "Good Property...
Hence my comment about living in it, and taking in flat mates.
You need a strategy that deals with making equity gains, and taking care of cash flow (keeping solvent).
But the over 65 dole que...
I have been reading all of Alistair's articles and have come to the conclusion that a lot of the time he doesnt really know what he is talking about.
Putting a lot out, after digging stuff up.
SE is a true muppet in my book.
He may have true smarts and a high intelect but he certainly doesnt have street smarts and wisdom, to get ahead in life for his family and himself.
He had the...
Have you stopped doing your job that involved traveling oversease most of the time.
And have "really" become a Barfoots Manukau agent.
For the first house I would keep it simple.
Go and see a mortgage broker and ask him how much you can spend.
Mike Kingston at Mike Pero I would recomend.
Get pre-approved so you can buy if you see...
Tell the bank to get lost, you have the house you have the loan and you are paying them, what are they complaing about and what can they do.
Take your specific details to a good mortage broker and...
Okay after avoiding viewing houses with 5's in them, such as 525 East Coast Bays Road, I have now realised that the sound of death is actually "Four" and not "Five"
Your Feng Shui...
3 Ray White Auctions last Wednesday night on the shore at Browns Bay.
All 3 sold to Chinese people after blowing away the Pakehas and battling other Chinese.
Just an update for the thread :)
The admin costs of charging people tax and then giving it back to them in the form of assistance, absolutely astounds me.
Just get it right first time through a tax rate that is well thought out....