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Type: Posts; User: Rosco

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  1. Thread: Lending

    by Rosco
    Replies
    16
    Views
    743

    Have you looked at Resimac or other second tier...

    Have you looked at Resimac or other second tier lenders? - some rates are around 3.39% at the moment

    Have you used a broker?

    Have you split into multiple banks?

    All of these things can...
  2. Replies
    948
    Views
    117,268

    Poll: Hi Perry, The original post that I answered to...

    Hi Perry,

    The original post that I answered to was "The silly thing is that the Govt has bought in an allowance of $5000 for a capital expense write-off for one year to encourage landlords to...
  3. Replies
    948
    Views
    117,268

    Poll: I'm not saying rentals isn't a business. Just...

    I'm not saying rentals isn't a business. Just that they would have intended the $5,000 new asset threshold for business not property

    Ross
  4. Replies
    948
    Views
    117,268

    Poll: They would have been intending this for...

    They would have been intending this for businesses not property.
  5. Thread: Ir4 2020

    by Rosco
    Replies
    2
    Views
    227

    Hi Beano 1) Watch normal companies - is that...

    Hi Beano

    1) Watch normal companies - is that the best structure for you to own properties in? https://cswaikato.co.nz/index.php/latest-news-accounting-hamilton/accountants-hamilton-auckland/153...
  6. Replies
    18
    Views
    709

    Few things - rental should be able to stand on...

    Few things
    - rental should be able to stand on its own two feet, so should be able to pay down a little bit of its own principal
    - personal. Short term could do interest only while covid-19 issue...
  7. Replies
    4
    Views
    320

    Hi Simon, Here is a link to some general...

    Hi Simon,

    Here is a link to some general information about a restructure which helpfully helps.

    Really look at is your current home a good rental? If you were starting again, would you buy it...
  8. Thread: Airbnb

    by Rosco
    Replies
    6
    Views
    656

    Generally the main question is , "Would you want...

    Generally the main question is , "Would you want an airbnb property to be in the GST net, or is it better to keep out?

    - you might buy for $400,000 plus GST. zero rate or claim the $60k GST back...
  9. Replies
    18
    Views
    709

    Hi all, All the above answers are great in...

    Hi all,

    All the above answers are great in theory.

    1) What generally happens in reality if you put an investment property on Interest only?
    - You have one way to get ahead. You need...
  10. How do you know it is below market value? If it...

    How do you know it is below market value? If it is advertised at $600k and you buy at $400k, isn't the market value the $400k you purchased for, therefore you purchased at market value?

    The above...
  11. Kind of. If you are buying with the intention to...

    Kind of. If you are buying with the intention to sell for a profit, then taxable under intention rules. So still would be taxable past the 5 year brightline period.

    Ross
  12. No income is the risk. If you are going to build...

    No income is the risk. If you are going to build on them and hold fine. If you are going to sell them, then you are speculating with no income. So sooner or later if you can't sell, you get into...
  13. What is a good buy today? What would you buy today?

    Great discussion for a Sunday night, what is a good deal today?


    If you were going to buy a rental in the next month, what would you consider?


    1) 10% below market value?
    20% below market...
  14. If you borrow 100%, and on interest only, it is...

    If you borrow 100%, and on interest only, it is likely to be quite negative. And that is with interest rates at 3%.

    So I would say 4% is bad, but does depend on your overall circumstances and the...
  15. Half a new roof - generally a repair anyway half...

    Half a new roof - generally a repair anyway
    half a bathroom reno - generally a repair anyway. New toilet, vanity, shower would all be classed as building, therefore a repair.
    quarter a new kitchen...
  16. Hi Jack, Often you go for terms or dollars. ...

    Hi Jack,

    Often you go for terms or dollars. If the dollars are good, then I think some terms are fine.

    All depends on how long the conditions are for. If a week, what is the issue? Even two...
  17. Replies
    2
    Views
    365

    Hi, Is your property a good rental? I would...

    Hi,

    Is your property a good rental? I would really think about this, before going any further. A good question to ask yourself, is if you didn't own the property, would you buy it as a rental?...
  18. Replies
    2
    Views
    363

    Hi LeanneS, It is best to get specific advice...

    Hi LeanneS,

    It is best to get specific advice from an expert.

    As you already have a Family Trust, I would be looking to use this in some way, but probably with a level of separation. Also...
  19. Thread: IRD forms

    by Rosco
    Replies
    12
    Views
    750

    We use a program called 3cx, but very similar. ...

    We use a program called 3cx, but very similar. It's a video call, where I can share my screens, spreadsheets etc. And record the meeting.

    Ross
  20. Thread: IRD forms

    by Rosco
    Replies
    12
    Views
    750

    Hi, Why do you have your rentals in a normal...

    Hi,

    Why do you have your rentals in a normal company? There can be some big issues with this

    https://cswaikato.co.nz/index.php/latest-news-accounting-hamilton/accountants-hamilton-auckland/153...
  21. Hi, It depends on the purpose of the loan, but...

    Hi,

    It depends on the purpose of the loan, but in general if was deductible for your rentals, then if you refinance from bank to your mum, then will still be deductible.

    1) Watch break fees and...
  22. Yes we need to try at least. Too often investors...

    Yes we need to try at least. Too often investors sit back and expect a reasonable outcome, but then get screwed over.

    I can't believe how few investors have signed this petition for example. ...
  23. That doesn't guarantee anything! Politicians...

    That doesn't guarantee anything! Politicians change there mind every other day, and if the changes get in, they will take longer and be harder to change back.

    Ross
  24. RTA changes - please take 1 minute to sign this petition

    Hi all,

    Do you want the new RTA changes to come in?

    Do you want to lose the ability to issue a 90 days notice, to remove a tenant without giving a reason?


    Making a submission would be...
  25. Hi, It depends. Tax rules are complicated and...

    Hi,

    It depends. Tax rules are complicated and depends on the exact circumstances. You really need to get some expert advice from a property accountant

    Some basics
    1) Generally if you...
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