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19-12-2018, 10:16 AM
How big is the cost?
If a standard outgoing, then should be pretty obvious from the agreement to lease. If you don't mind us asking, what kind of...
3 replies | 173 view(s)
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14-12-2018, 07:47 PM
Lastly - I think you need to be a member of the NZPIF before you can hassle what it is or isn't doing. If you are a member, then talk to your...
262 replies | 15725 view(s)
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14-12-2018, 07:40 PM
Hi all,
I think property investors could achieve a lot more if they worked together. I'm completely biased as I"m on the committee of Waikato...
262 replies | 15725 view(s)
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14-12-2018, 05:56 PM
Hi Suzanne,
There isn't a perfect structure for everyone, as everyone is a little different.
Have you paid for a property advisory meeting with...
4 replies | 319 view(s)
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10-12-2018, 02:27 PM
I think you can make profit in any market. But in a flat market you really need to create the value or profit yourself
- either really buying at...
17 replies | 1176 view(s)
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10-12-2018, 02:24 PM
Or what some people have done in the past
year 1 $10k loss, no capital gain
Year 2 $10k loss, no capital gain
year 3 $10k loss, no capital gain...
50 replies | 2061 view(s)
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10-12-2018, 09:06 AM
In general I don't like ring fencing, and think any business should be claim losses, especially in the first few years.
But as I put above...
50 replies | 2061 view(s)
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10-12-2018, 09:02 AM
There are still rules to capture selling the entity
- doesn't get around brightline
- general loss limitation rule, if you sell over 51%, then the...
50 replies | 2061 view(s)
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07-12-2018, 04:32 PM
1) Trust ownership - generally if you have rentals in a Trust making a loss, that loss is ring fenced anyway. Under current rules if the Trust had...
50 replies | 2061 view(s)
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07-12-2018, 01:00 PM
"sense" - from a government? I presume this was a joke?
As with all things, time will tell. But obviously with shortage already would expect 5%...
50 replies | 2061 view(s)
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07-12-2018, 11:03 AM
I like this video, which shows what also happens to a lot of new investors - https://www.facebook.com/thepropertyaccountant/videos/319594571973849/...
5 replies | 378 view(s)
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07-12-2018, 11:01 AM
Agree - and the past few years shows it has worked.
But if you can buy something smart, add value through subdividing for example, get the...
5 replies | 378 view(s)
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07-12-2018, 10:59 AM
Some landlords have owned for years, and are debt free. So positive cashflow, paying tax = no effect
Some landlords have been buying or creating...
50 replies | 2061 view(s)
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07-12-2018, 08:21 AM
Ring Fencing shouldn't directly affect rents. It's supply and demand.
But if more people sell as a result of ring fencing, then less rentals...
50 replies | 2061 view(s)
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06-12-2018, 10:13 PM
Ring Fencing Update
Yesterday (5th December) The Taxation (Annual Rates for 2019-20, GST Offshore Supplier Registration and Remedial Matters)...
50 replies | 2061 view(s)
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06-12-2018, 09:38 AM
Hi Naithin,
I would start by joining your local Property Investor Association (www.nzpif.org.nz). Small investment to become a member (Waikato is...
13 replies | 1635 view(s)
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05-12-2018, 12:23 PM
Hi Hamel,
What is the gross yield?
What is the overall cashflow with 100% mortgage? What is overall cashflow for you?
My guess is the rental...
5 replies | 378 view(s)
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27-11-2018, 09:00 AM
Hi Edwin, Are you a speculator or an investor?
Speculator - guessing what will happen with values and hoping for big gain.
Investor - look...
6 replies | 443 view(s)
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26-11-2018, 02:34 PM
Whitaker wants the $37m in bonds, or for renters to kick up a fuss, so that he can do nothing and get paid a huge amount. Good business plan!
28 replies | 1244 view(s)
About Rosco
- Biography:
- Coombe Smith Chartered Accountants in Hamilton is proud to specialize in property accounting. We are involved with a large number of property clients ranging from small investors to large developers and property traders.
We find that Property and Business intertwines. Often clients make cashflow through business, and then use this cashflow to create wealth through Property.
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Ross Barnett - Coombe Smith Property Accountants
Proud to give the best property advice for over 13 years.
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