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Type: Posts; User: Bluekiwi
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Yep he is in the business of building and selling houses so he is always going to be taxed.
The main thing is not to have an accountant, but to have a "Property Accountant".
Sounds like a lot of mucking around, why not just pay rent each week to the home owner (who happens to be you and the wife).
Or board, as someone said, as thats not taxable income.
That board /...
With the new GST rules.
Are you not going to have to start paying back the GST claimed on purchase ?
I dont know them, but I think they now kick in after 1 year ??
What about a property trading business Rosco.
Where you have set up an office at home and are renovating at least one house a month.
Can all of these be claimed:
Population growth in auckland keeps rental demand strong which is the backbone of any property market.
Long term in conjunction with reducing overall debt of your portfolio, asset price of property...
And sorry before my rant.
The point of the post I never got to.
I dont mind capital gains tax.
As I intend to keep all my rentals forever and pass to my children.
So who care's if a capital...
It is quite frustrating though, and IRD would agree, that the general public have no idea that the trading tax exists.
Many of them do trade property with the full intention of doing so and they all...
In my submission to the Reserve Bank regarding Macro Prudential tools to be unveiled 1/7/2015.
I pointed out that the discussion paper did not take into account the affect on small business...
20 people bringing billions of dollars to NZ, sounds better than struggling away on a dairy farm to export and make an honest export dollar.
As long as they arent as annoying as Kim Dot Com.
Actually my memory failed me, a quick google and I find out it was actually a Dancing Clown :clown5:
If you were on shore I could have paid you $100 a day now and then to do odd jobs
I think you have the right thinking but a little off track on how to do it.
I would research and read and work at...
Quick look at top of my screen and I see webinar is 7.30 tonight.
I listed to last weeks one and I never fail to pick up a tid bit of helpful info from Steve each time I hear him.
Note that I am...
Congrats on first post, when I first found this place I was so excited to find property people I could talk to.
You know what, I think you could benefit from exposure to Steve Goodey and Property...
Okay I wont go into the long explanations which are probably on here somewhere, in regard to the awful white elephants that nearly crushed me.
But the 2 lemons of recent time are.
You need to have vision.
The ability to spot things that look really awful and will put off the general public, yet you know you can easily fix and you have fixed those sort of things before cost...
But its important to read everything to get a handle on where they are going.
So you can restructure ahead of what they are doing.
I even placed a submission myself.
Should be able to pick something up around the 320k to 380k that is a standard house in an average to bad area :)
What part of Auckland are you from, do you live in.
Will you have a car with a tow bar.
Actually I think the windows and doors downstairs are not even finished with wood trims, just mounted onto the bare concrete blocks, really the only option then is to skim over with plaster ???
Thats the problem when you do presentations, people can cut and paste your photo anywhere.
I think I have someone in a chicken suit actually :)
This will be done and dusted in a short time, I dont like to spend more than 3 weeks on a reno no matter how large it is.
No time for TV and I wont be there anyway, just meet once with designer /...
Its a renovation project to sell.
Finish important as its going to be ovre 1.5m
Looking at a budget around 100k to 120k all up.
Have a mega house to renovate, quite spectacular.
Downstairs a lot of the house is concrete block.
I was thinking to just plaster in the cracks and paint.
Instead of Gib and Skim and paint.
Have you just come out of one of Ron's presentations Gary :)
But yes you have some very valid points to make there.
Might get out and buy another 4 this weekend.
I must admit I may ...at one point... have walked past some other people at the open home to shake hands with some chinese who had just turned up at the open home.
Actually I must stop doing that,...