• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook

Search:

Type: Posts; User: Rosco

Page 1 of 20 1 2 3 4

Search: Search took 0.21 seconds.

  1. Thread: Family House

    by Rosco
    Replies
    4
    Views
    171

    So really you are borrowing all the $1.1m! As...

    So really you are borrowing all the $1.1m! As otherwise could put the $200k on your personal house

    I would suggest working out your full cashflow, and guessing it is quite negative with full...
  2. Thread: Family House

    by Rosco
    Replies
    4
    Views
    171

    Hi, Are you in a position to help them? Think...

    Hi,

    Are you in a position to help them? Think seriously on this.

    If so, does it need to be a 6 bed house that will give you a $900k mortgage?

    Is the property a good investment? ie is rent...
  3. Replies
    10
    Views
    1,800

    Get some advice from a property expert on this,...

    Get some advice from a property expert on this, as this statement isn't correct.

    There are ways a share transfer can create a taxable activity for property companies, but it is not as your...
  4. Replies
    8
    Views
    530

    I would suggest getting some expert advice, as...

    I would suggest getting some expert advice, as you are asking a lot of questions and answers always depend on your exact circumstances.

    For example, if this was really a trade, where you purchased...
  5. Get some expert advice! It depends on who owns...

    Get some expert advice!

    It depends on who owns the two properties. If just a partnership of A and B, then half the property profit or loss will flow to A for example, they might get $5,000 profit...
  6. From tax perspective and legal perspective you...

    From tax perspective and legal perspective you are selling and then buying again. So could be subject to Brightline rules, and/or GST or other taxing provisions.

    Ross
  7. Replies
    8
    Views
    530

    Hi, As above if normal long term residential,...

    Hi,

    As above if normal long term residential, then no GST.

    But if airbnb or short term accommodation, then there is an issue. If income over $60k per year of short term accommodation, then IRD...
  8. Why would you get or take tax advice from a...

    Why would you get or take tax advice from a lawyer?
  9. Hi, It depends on your situation and the banks...

    Hi,

    It depends on your situation and the banks criteria at the time.

    NOTE - the bank criteria and rules might change over time. So they might allow interest only for a while, and then they...
  10. Replies
    924
    Views
    102,601

    Poll: Over 5 years would have been nice! There is...

    Over 5 years would have been nice!

    There is also a lot of unintended consequences!

    1) Rental in personal name with loss. Huge profit in Trust from rentals, allocates to individual = Can't...
  11. Replies
    25
    Views
    10,037

    There are also other exemptions, other than...

    There are also other exemptions, other than holding for 10 year or more before commencing subdivision activity!

    Plus there are also other sections of the income tax act you can be taxed under,...
  12. Thread: Interest Rates

    by Rosco
    Replies
    5,889
    Views
    979,850

    From facebook group, Reismac 3.89% for 2 years at...

    From facebook group, Reismac 3.89% for 2 years at 80% LVR? This option doesn't appear too made if you are struggling for equity, and might be worth talking to your broker about.

    Ross
  13. Replies
    2
    Views
    224

    Generally you would obtain a valuation and sale...

    Generally you would obtain a valuation and sale at valuation. Any gifting would be from this value. Also note how gifting will affect Rest Home Subsidies and there might be smarter ways of doing...
  14. Replies
    47
    Views
    3,400

    The uncertainty on sale price at the end. One of...

    The uncertainty on sale price at the end. One of the issues is that a lot of real estate agents don't have a clue what a house is really worth at the end either. They say, buy it, do up the kitchen...
  15. So you need proof of a loss arising to the...

    So you need proof of a loss arising to the landlord from the missed payments?

    Something like a cost of a phone call that you charged the landlord to let them know of the missed payment?
    Or a bank...
  16. This seems crazy 1) encouraging first home...

    This seems crazy

    1) encouraging first home buyers to borrow 95%. Isn't that a bit risky and leaves no buffer!

    2) Spending $400 million to help 4,000, or $100,000 per household.

    This is...
  17. Replies
    47
    Views
    3,400

    Tainting - This isn't that bad and you just need...

    Tainting - This isn't that bad and you just need to understand the implications fully.

    For a true long term hold investor, it has no affect as you will be holding any long term holds for over...
  18. Replies
    47
    Views
    3,400

    Trading vs holding - obviously there is no set...

    Trading vs holding - obviously there is no set answer, either can work.

    Holding only
    - you buy one property
    - maybe you buy another
    - then you have to wait for gain in equity and also reliant...
  19. Replies
    3
    Views
    318

    Why do you want to sell the property? If a long...

    Why do you want to sell the property? If a long term rental, why not keep it?

    Apart from that

    1) Will you get more just selling on the open market? if so , then why sell to your tenant?
    ...
  20. Thread: Mortgage brokers

    by Rosco
    Replies
    7
    Views
    480

    Hi Primal, I'm not trying to hassle mortgage...

    Hi Primal,

    I'm not trying to hassle mortgage brokers, but in general mortgage brokers and bankers want you to borrow more and more, and will help you borrow more and more. They don't want you to...
  21. Replies
    47
    Views
    3,400

    Buying in a flat market is easier. But big...

    Buying in a flat market is easier. But big question is can you really add value? Or are you just reliant on the market to go up to make some profit?

    I feel there is 4 ways to trade.

    1) ...
  22. Replies
    924
    Views
    102,601

    Poll: Why are you looking to make a loss year after...

    Why are you looking to make a loss year after year?

    Main question - are you really a trader / speculator and therefore your gains should be taxed? (possibly the only reason for you to do this!)
    ...
  23. Replies
    924
    Views
    102,601

    Poll: Hi Bluecoat, 1) This is a ring fencing thread,...

    Hi Bluecoat,

    1) This is a ring fencing thread, so hence the post about ring fencing! ie there has been little or no discussion on the two options if making a loss, which the blogg covers.

    2) ...
  24. Replies
    924
    Views
    102,601

    Poll: Portfolio or Property by property? This blogg...

    Portfolio or Property by property?

    This blogg might help

    https://www.cswaikato.co.nz/index.php/latest-news-accounting-hamilton/accountants-hamilton-auckland/243
  25. Replies
    8
    Views
    1,432

    A company has this major issue! ...

    A company has this major issue! https://www.cswaikato.co.nz/index.php/latest-news-accounting-hamilton/accountants-hamilton-auckland/153

    Ross
Results 1 to 25 of 500
Page 1 of 20 1 2 3 4