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Type: Posts; User: spaceman

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  1. Replies
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    Was this all verbal??? Unfortunately unless...

    Was this all verbal???

    Unfortunately unless it's written down somewhere for a lot of people their word isn't worth anything......and often even when things are in writing as well.

    A REA is a...
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    yes ......yes it is Cheers spaceman

    yes ......yes it is

    Cheers
    spaceman
  3. Seriously, I don't see the difference between a...

    Seriously, I don't see the difference between a txt and an email. IMHO both are in a lot ways better than ye olde school letter

    Cheers
    Spaceman
  4. Replies
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    I would argue $0 ....but kinda depends on your...

    I would argue $0 ....but kinda depends on your POV.

    If the flats are worth $500k in good condition and they're in bad condition so they're worth $450k then spending $50k to get them up to a $500k...
  5. FWIW ...I think Palmerston North is a good...

    FWIW ...I think Palmerston North is a good bet.......and Wainui in Wellington....... there are of course others around but these two seem pretty good to me.

    I own property in Palmy, but none in...
  6. For about the Billionth time..........there is no...

    For about the Billionth time..........there is no capital gains tax in NZ

    You may have to pay income tax on the sale, was your intent to re-sell the property for a profit when you purchased...
  7. My 2 cents worth is that you only know the...

    My 2 cents worth is that you only know the purchase price ....current price is just a guess. Yeild has to be done on purchase price or you are just guessing.

    Cheers
    Spaceman
  8. Replies
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    You absolutely can live in a property that your...

    You absolutely can live in a property that your LTC owns and pay market rents and have the expenses claimed ....it is possible to do this 100% legit.

    I don't have enough information to tell you...
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    Can I vote for the "richmastery" thread...

    Can I vote for the "richmastery" thread .....because it was the funnest thread ever!!!!!

    Cheers
    Spaceman
  10. Replies
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    Yes, you pretty much got it .....I did say "in...

    Yes, you pretty much got it .....I did say "in theory" and then say "it's not that simple"

    For a quick example lets say the house is $500k 100% borrowed money IO to make things easier and you...
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    My response in red Cheers Spaceman

    My response in red



    Cheers
    Spaceman
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    I'll do it for $7.50

    I'll do it for $7.50
  13. Replies
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    ^ i think he means the value of the mortgage is...

    ^ i think he means the value of the mortgage is dropping while at the same time the value of the property is increasing due to inflation.

    Cheers
    Spaceman
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    QFT Inflation is the friend of those with...

    QFT

    Inflation is the friend of those with debt.....it eats away at the value/price of your debt, while adding to the value/price of you asset/house.

    In theory with 5% inflation each year you're...
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    Like I said ....you need to understand maths a...

    Like I said ....you need to understand maths a bit better ......that guy in the video clearly doesn't understand much about economics, not surprising for a physics professor though I guess......got...
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    For a rough guide the "rule of 72 " works pretty...

    For a rough guide the "rule of 72 " works pretty good.

    The time to double can be divided into 72 to give interest rate required or interest rate to give time.

    Example.

    1. To double in price...
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    Not a lawyer...but .... you didn't buy it for...

    Not a lawyer...but .... you didn't buy it for your own use = not covered by CGA.

    The Consumer Guarantees Act does not cover:


    Commercial goods and services – goods or services that are...
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    Not sure ...BUT.... I thought the distinction was...

    Not sure ...BUT.... I thought the distinction was meals/power/laundry etc were all provided at a set price. Where as flatmates share expenses.

    There were a few threads a few years back about this,...
  19. Aro Valley Berhampore, Breaker Bay Brooklyn,...

    Aro Valley Berhampore, Breaker Bay Brooklyn, Churton Park Crofton Downs Glenside, Grenada North Happy Valley, Hataitai Horokiwi Houghton Bay Island Bay, Johnsonville, Kaiwharawhara Karaka Bays...
  20. Free abuse .....score!!!!! Hey Gary your momma...

    Free abuse .....score!!!!!

    Hey Gary your momma is so fat the only letters of the alphabet she knows are KFC

    Cheers
    Spaceman
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    Warning warning ...maths nerd alert 7% to...

    Warning warning ...maths nerd alert



    7% to 10% isn't 30% increase.....it's a 42.8% increase

    7% +30% = 9.1%

    Cheers
    Spaceman
  22. Replies
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    Yes....yes you can. As Rosco (an actual...

    Yes....yes you can.

    As Rosco (an actual accountant) alluded to though, the reasons/details matter. It is possible that two people appear to be doing the same thing yet their situations and thus...
  23. 90 day notice to both...no reasons for...

    90 day notice to both...no reasons for termination given.

    Surely the safest option??

    Cheers
    Spaceman
  24. Replies
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    You heard wrong. Cheers Spaceman

    You heard wrong.

    Cheers
    Spaceman
  25. Replies
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    Of course you can. If your doing so with the...

    Of course you can.

    If your doing so with the purpose of reducing assessable tax, then it's tax evasion.....you shouldn't do this......at the same time you're entitled to arrange your affairs in...
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