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Type: Posts; User: Bluekiwi
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RB have expressly stated they want banks to operate in the spirit of this new rule, starting righ tnow.
You can usually get non bank lender's to provide anything, at the appropriate price if you...
What about Barberton, higher up the hill, views out over the town, far enough away to be okay ??
When applying for a loan, are the banks going to just look for a 30% deposit, or apply 30% LVR accross entire portfolio.
If you are just doing a security swap, keeping the old mortgage and not...
Okay just checking that viewer is correct.
Bit of a nasty blow for investors in Wellsford for example where nothing is really happening anyway.
Does Auckland really include way up to Wellsford now, I think I may have been deluding myself as to where Rodney district ended ?
I bought Dean's Property Trading CD series back in 2008.
Has Kris Pedersen and Mat Gilligan, Sur Lawry in it, to name a few people.
That was very helpful for me, and I have since watched many...
I have enough rentals, dont want any more, too much hassle.
Flipping is so much more fun.
I was ready to develop some of my rentals and create more dwellings when the LVR rules came into play.
I see now why they brought in Rodney and Pukekohe into Auckland City.
There are a few major economists picking the longer term fixed rates to go up second half this year.
But then again, those same people have been wrong the last 5 years.
Yet I heard a truism the...
Interesting to see the Govt and RB working together tag team on property.
You cant tell me they arent coluding behind the scenes.
But I think both are sensible moves, attempting to kill off a bit...
My thoughts as well, I am just sticking with my rental portfolio.
My plan was to in 10 years sell some and reduce debt and retire.
Instead I am just buying as much housing, ideally with...
Yep but they are.
1 Babington Torbay Do-up
680m site approx.
Needs full bathrooms and kitchen upgrade, new carpet and full internal paint.
No indoor and outdoor flow, south facing...
From the wording.
If you are buying to put extended family or using it as a personal holliday home (well at least for the first 2 weeks), you are going to be exempt :)
From what I have deduced.
OCR only influences short term rates mostly.
The long term rates here in NZ are dictated by US rates.
So I can only see increasing long term rates when the RB forces...
I am looking at same scenario in Auckland.
But this is how I would play it, if demand is there.
Have a subdivision report done, about 1k to find out if their is subdivision potential, as services...
5.2% 5 Years with BNZ
Relatively small nett fee to break and re-fix existing mortgage.
Broke 2 years into an existing 5 year fix.
Save about 22k a year.
Note: Fixing ahead...
I am sure weekend at bernies has a tag on here.
I cant remember but once when I called him a plonker there was some post that berated me.
I have changed my mind since then.
He is quite smart,...
Never do any deals with the devil.
Use a broker.
Mine, Mike Kingston at Mike Pero, is particularly good.
While banks say they never waive break fee's but then they do.
Never ever go to the insurance companies directly yourself.
Would you swim with the sharks in the dark ?
Where they know the rules of the ocean, can see and smell you, and you are swimming blind...
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...