I’m going to be there. Really looking forward to it. Wish I could arrange kids to be looked after so my wife could come too.

Agreed. Excellent writer – very funny…and I agree with this100%:

If you can’t afford to have it done professionally, you can’t afford it.

Sasha,

Still can’t find them (dang – I’m having a bad day).

What is their web site please?

(I just thought they sounded useful and might use them one day)

Thanks,

Sasha,

Still can’t find them (dang – I’m having a bad day).

What is their web site please?

(I just thought they sounded useful and might use them one day)

Thanks,

Sasha,

Thanks for the post. Could you please post more details of PnP as Google couldn’t find them Thanks

Sorry, what do you mean you can leave 20% to the right purchaser?

I like idea of investing in NZ property but I don’t like the idea of buying in my own name – goes against the “don’t own anything but control everything” principle of asset protection.

Has anyone found a way for Aussie investors to protect their assets in NZ?

Thanks for all the great info everyone…

If you’ve found a project that will work but don’t have the equity / cash flow then maybe look for a business partner who can help you out.

Thanks Josh,

Lots of useful information there. The most useful thing you’ve told me is that although NZ does not have CGT, you still pay CGT to Australian government (tax systems always get you in the end ). But even worse, if you make a loss (cash flow negative) the loss is quarantined so you can’t claim it here in Australia!

Hmmm.

Do you…[Read more]

Just a thought: Ask your tenants of they’d like to buy the property from you on vendor finance terms. You’ll save on sale costs and may make something on interest rate.

Terryw,

Do you mean the PIT (Property Investment Trust)? Will the PIT survive an ATO audio?

No idea. I not an accountant, or lawyer I just read a book which was written 2009 by two accountants which seemed to be pointing me in the direction of a PIT. My next step is: I’m going to seek professional advice about trusts (including the PIT) before…[Read more]

YoungInvestor wrote:
Oh but wait… the property market might have crashed by then!?

Google Maps may have crashed by then too!

PM = “Private Message”

Click on “christianb” (in the blue strip above his post), then click “View Public Profile”. Then click on “Send Private Message”

“How to legally reduce you tax (2009 to 2010 edition)” by Tony Melvin & Ed Chan
Reviewed: Jan 2010
Rating 9 (out of 10)

80% about trusts but also about what you can and can’t claim as a property investor (it’s excellent book). Its a MUST read if you are setting up a trust structure. Reads really easily even though its a relatively dull…[Read more]

Same echo from me. Great idea! Thanks. I’m happy to read and provide feedback.

Ah ha. I’m still learning (as expected).

Don’t want to hijack this thread but do you know anything about the Property Investment Trust? (is there another thread on this subject)

As I said, I’m not an accountant or lawyer (just reading a book written by accountants – see book reference earlier)

The only thing about a testamentary trust is that it “quaranteen” any losses you make (means that if your properties make any losses you can’t claim them until they make a profit – so if your strategy includes negative gearing,…[Read more]

Also look into setting up a Ltd company.

Company is set up as trustee of the trust. The trust buys your investments. You (and others in your family) are the beneficiaries of the trust. You are also the company director (along with wife/partner). If you die there is no change to anything (wife/partner are still beneficiaries). The company is…[Read more]

Just found a “what is Google sketchup” video…

Overview

How to draw a house:

roseagain wrote:
Hi,I am just new at all of this and haven't even bought a property yet.  However, I believe that you can claim the cost of the seminar on your tax.Just my 2 cents worth,Roseagain.

I believe you are right – but only if you have an income relating to the expense your claiming. In other words if you do a property reno course you…[Read more]