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Type: Posts; User: Beano

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  1. Work backwards So say your current loans are $2m...

    Work backwards
    So say your current loans are $2m look at the recent purchases.
    If the last 2 properties total $2m and say you have 20 properties then effectively you paid off 18.
    I pretty well...
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    Are you going to lease the lot out like the...

    Are you going to lease the lot out like the "quest" model or like the "accor" model ?
  3. If someone would post the full lease then we can...

    If someone would post the full lease then we can make genuine comments.
    It's always difficult to give constructive opinion when the full details are not devulged
  4. Interest rates were 3% in the 60's but the...

    Interest rates were 3% in the 60's but the government either pushed or allowed or observed interest rates rise to 24% in the 80's.
    If the interest rate rose again to even 14% I can imagine most...
  5. Economist are generally more wrong than right so...

    Economist are generally more wrong than right so do the reverse of whatever they say :-)
  6. It looks a bit like a leasehold.With house having...

    It looks a bit like a leasehold.With house having a guarantee resale price , no ground rent , no rates , no insurance.
    At first glance it looks pretty attractive to the purchaser.
  7. Not read the lease but at first glance it looks...

    Not read the lease but at first glance it looks pretty good to the purchasers and crap to vendor.
    Not certain how the seller makes his money ?
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    Look at S503 326 Evans Bay parade Wellington ..he...

    Look at S503 326 Evans Bay parade Wellington ..he made a good yield and sold unit at profit of over $200k
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    So profit on leasing and profit on sale ?

    So profit on leasing and profit on sale ?
  10. Thread: Revolving Credit

    by Beano
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    276

    BNZ has a commercial revolving credit called...

    BNZ has a commercial revolving credit called CARL.
    The entire loan can be revolving.
    What sort of amount are you looking at ?
    The interest rate is higher than a conventional loan so would not want...
  11. I asked Gareth Morgan if he accepted the pension...

    I asked Gareth Morgan if he accepted the pension or refused it in 2018 ...he did not answer.
  12. Licence to occupy ?

    Licence to occupy ?
  13. Replies
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    So a 3.9% net rental yield with weighted average...

    So a 3.9% net rental yield with weighted average interest cost of 3.9% on the portfolio Greame ?
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    Would you consider buying a motel ? Live in and...

    Would you consider buying a motel ?
    Live in and run the business
  15. Replies
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    How is your progress in reaching the magic 100...

    How is your progress in reaching the magic 100 properties Jonathan ?
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    Has anyone read this article about leasehold...

    Has anyone read this article about leasehold property sold
    https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12290167

    The purchasers lost $551k on their purchase and the...
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    Do you know how other trusts have been able to...

    Do you know how other trusts have been able to extend beyond the 80 years ?
    It would be nice to set up a trust that extends to the length of many of the property leases and being able prohibit the...
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    Assuming you have been a non resident of NZ for...

    Assuming you have been a non resident of NZ for over ten years (UK you said) and not been in NZ for more than 4 yrs then no you do not have to declare the income....
  19. Do most private landlords use realestate agents...

    Do most private landlords use realestate agents or choose the tenants themselves ?
    Which method generally get better tenants ?
  20. You do have to reach a new agreement at the end...

    You do have to reach a new agreement at the end of the 999 years with the others :-)
  21. If you split the title and sell 1 the freehold...

    If you split the title and sell
    1 the freehold separately
    2: the leasehold for the net book value
    Then no there will be no depreciation writeback
  22. Based on a past sale this year maybe Palmerston...

    Based on a past sale this year maybe Palmerston North .
    Twenty one percent net
    Based on future purchase over the next couple of weeks maybe Wellington 9% net rental before tax and interest....
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    1.67 % per month is ok :-)

    1.67 % per month is ok :-)
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    I agree with Perry I cannot see how the death...

    I agree with Perry
    I cannot see how the death of a person has anything to do with a trust.
    Do you have a copy of the court decesion?
    I am interested in reading it .
    Were there loans by the...
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    About $30k

    About $30k
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