You can add it later, but I think stamp duty is applicable. Talk to your accountant/solicitor on this one, they’ll give you a definite.

Cheers
Mel

Shaun, it’s still called stamp duty!

But you’re right, it is tax deductible. Makes it more acceptable I suppose.

Cheers
Mel

Hi Kay

Being told you are rent reliant I think depends on the person you are dealing with. If you have your plan, and your bank manager understands where you’re going, and risk mitigation strategies etc., they may still be happy with it. Some banks will knock you back when you hit their lending limit, but may hide behind rent reliant tags or…[Read more]

Haha[] And Arty should now be known as rAty for real. So much for ‘settling’ on only 3 rats!![]

Cheers
Mel

Hey muppet, I think I did help Maddison out in my response to the first post. I wasn’t sure if they wanted the forum, or the massive NZ post, so i indicated both.

But yes, we are nosey![][]

Cheers
Mel

Steve

I suggest you definitely get a full building inspection report done. Buildings these days are not to the same standards as they used to be. You have 90 days I think on the warranty period, but if you can get the builder to fix any problems you identify pre settlement you’ll be doing much better.

Also, I hope you have a good solicitor.…[Read more]

Jaffasoft, once again you step in with your pearls of wisdom! At least my posts are helpful, rather than hateful.

I thought you had improved, noting that you had deleted a lot of your nasty posts, but I guess I was wrong.[]

Although I note the smilie, so I hope maybe you are not being nasty.[?][]

Cheers
Mel

Poltergeist, you’ve undergone a name change!![]

I like it.

Cheers
Mel

alf, you can always ask for a different personal banker – or ‘demote’ yourself back to normal banking. That should send the message through to them. Also suggest that because of his attitude you are seriously looking to jump ship.

Sue, hope your news comes back []

Cheers
Mel

Hi Poltergeist, it certainly looks that way! Now where’s Westan?

Cheers
Mel

Hey ANUBIS, what happened to king of the world?

It took me until I saw a post talking to polar bear, and the post above was by ANUBIS to work out what you had done[]. I was very confused for a while as I had not seen ANUBIS before, and yet he had almost 200 posts![]

Cheers
Mel

Madison, are you asking about the Forum ‘The Treasure Chest’?

Or looking for this post:

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=4541 or something else?

Cheers
Mel

Yes, in the public service there are many many people who are ‘career public servants’, and that’s the ONLY way they’re ever going to make any money.

You can earn really good money, for not a lot of work, but that’s all they are happy with, and intend to stay forever!

I actually enjoyed my job, but I didn’t enjoy my new ‘superiors’, and I’ve…[Read more]

Only 10-20 years? I think you’re aiming for too short a timeframe! I don’t think I’ll ever ‘not work’ but it will be the work that I want to do, like investing, and helping my family/friends to become financially free, and to do a lot of travelling.

I had six months rec leave, three months long service leave, and six months sick leave. I’m…[Read more]

heshe could have meant ‘ore’ as in iron ore, and isn’t ore the valuable stuff they mine? So the mining of information [?]

Cheers
Mel

My job is actually as a Data Analyst for the Navy part of the Department of Defence.

I got really sick of it earlier this year, and have been on leave since January. My boss changed, and my supervisor (I got a new one of them too) is an a#$%, and I decided I had had it. I was going to make my properties pay for themselves, but also become a…[Read more]

Hey Poltergeist, I worked out how to move the items – go up to Edit, and Choose ‘Move to Folder’. Then I did the standard windows solution, closed Windows Explorer, and opened it again and voila – it works again![]

Cheers
Mel

Yeah, I get the feeling that my name is appearing far too often – especially when I look at active topics, and all I see as the last poster is ‘melbear'[]

I keep wondering ‘Where is Arty, where is Poltergeist, what has Pinky done to them, and where has she gone?'[]

Cheers
Mel

Debra

I saw that son in law (well close) had an IP, but that would not necessarily stop him having another one would it?

Another option that could work short term is that they move in, and pay the mortgage (Interest only until the Personal Loan is paid off) and all other expenses. This way you break even, and they can still have a ‘home’. You…[Read more]

Hey Poltergeist I’m there.[][][]

Only another 600 + and I catch up to you!! Enough of this post, I’ve got to start writing others, got a looooot of catching up to do!![][][]

Cheers
Mel