PropertyInvesting.com | nugen | Activity https://www.propertyinvesting.com/members/nugen/activity/ Activity feed for nugen. Sun, 12 Apr 2026 07:53:45 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 ab1cac290c42e5210b288809125b9af1 nugen replied to the topic NZ Income ... in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4375804-nz-income/#post-4488590 Thu, 02 Sep 2004 09:44:09 +0000 I spoke to an accountant.OZ and NZ have a single tax rule where you only pay tax in one country. Doesn’t matter which country.

Iv’e got a slightly different question. If I make $5k profit on my properties over in NZ this year, is that $5k on top of my taxable income? If so if I spend $5k on renos on those properties my taxable income doesn’t get…[Read more]

]]> 192e6976fbfce179318b9cd44f1bdb90 nugen replied to the topic offset account-is there a max? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4374435-offset-account-is-there-a-max/#post-4479018 Mon, 12 Jul 2004 06:51:08 +0000 Melbear

So if I told the taxman that my sister loaned me $70 at 5.5% and I used that to put in my offset account would that be illegal? Because I am thinking of getting her to invest in my whole loan. If that is the case would my repayments to the bank be 0? Then my saving would be bank interest minus my sisters interest.

Nugen.

]]> afe60e620073b57c2d6298c81684a9d7 nugen replied to the topic interest only loans in the forum No Subject https://www.propertyinvesting.com/topic/4374714-interest-only-loans-9/#post-4480911 Fri, 09 Jul 2004 04:47:46 +0000 With an IO loan you never reduce the loan amount unless you add extra payment off your principle. It is good to reduce payments and used with an offset account will have better tax results.

Nugen

]]> 6d86401984daff9a1bc86440ef4d47a8 nugen replied to the topic offset account-is there a max? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4374435-offset-account-is-there-a-max/#post-4479016 Fri, 09 Jul 2004 01:51:03 +0000 I have just started a IP loan with an offset account. The loan is $113k. $30k in the offset. 7.8% p/a. My sister wants me to invest a large amount of money for her. If I use a portion (say %70k) and put it in my offset account (in NZ). I would give her (say 5.5% compound interest). I would then only have interest calculated against $13k.

Would…[Read more]

]]> c1a6f56dabb171c982a65941302f7561 nugen replied to the topic DIY sales ???? in the forum No Subject https://www.propertyinvesting.com/topic/4373255-diy-sales/#post-4470163 Tue, 27 Apr 2004 09:15:42 +0000 I tried to sell privately recently by putting adds in the major syndey papers and http://www.domain.com.au but got no calls[confused2]. It is also very expensive as you can’t go in ‘run to you sell it’.
I did get many calls from real estate agents hanging around like voltures.
If I do it again I will get some signs made professionally and put them around…[Read more]

]]> a97dd1f415117c3c35ce53fb38341cee nugen replied to the topic HUNTING DOWN +CF PROPERTIES in the forum General Property https://www.propertyinvesting.com/topic/4373145-hunting-down-cf-properties/#post-4469120 Fri, 23 Apr 2004 11:30:13 +0000 Monopoly

In the last couple of years some cheap properties in country towns have had incredible capital growth. They generally have higher yields than city areas so I guess the investors there have the best of both worlds.

Nu Gen

]]> 08c85efb9e061313d5645b7305e52f1d nugen replied to the topic Depreciating your Kiwi Houses in the forum General Property https://www.propertyinvesting.com/topic/4372677-depreciating-your-kiwi-houses/#post-4466335 Thu, 08 Apr 2004 06:19:30 +0000 But what about OZ investors in NZ. I on’t think they can claim deductions against their OZ income. Is this right??

Nu Gen

]]> dd836a9cf959632f47ae2df1502cbff4 nugen replied to the topic Depreciating your Kiwi Houses in the forum General Property https://www.propertyinvesting.com/topic/4372677-depreciating-your-kiwi-houses/#post-4466333 Wed, 07 Apr 2004 10:08:26 +0000 CD or Muppet

How does depreciation go on a cf+ IP? And how does it affect OZ investors in NZ?

Nu Gen

]]> ab7eb3eb732d995656cada94a02610e2 nugen replied to the topic Today Tonight (Monday) in the forum Heads Up! https://www.propertyinvesting.com/topic/4370602-today-tonight-monday/page/3/#post-4449379 Thu, 22 Jan 2004 11:25:23 +0000 I am selling up at the moment and have notice the market slow down. I was anticipating it but have left it a bit later than I would have liked.

Speculation of the property crash effects the market far quicker than I thought. Even a segment on TT generates panic nationwide. Most buyers are not experienced and react to what ever is broadcast.

Nu Gen

]]> ae4317decc30ed4e541a03efd74ba14b nugen replied to the topic My Property Theory - Your thoughts in the forum General Property https://www.propertyinvesting.com/topic/4370283-my-property-theory-your-thoughts/page/2/#post-4446595 Tue, 06 Jan 2004 10:54:27 +0000 Yack. Consider the accumulated yield of a positive geared IP compared to a Neg geared IP over 10 year for example. I couldn’t be bothered working out figures but what the pos geared IP lacks in CG makes up for it in weekly dividends. I think it is just a more relaxed lifestyle.

If I had a heap of money I would probably use both models and get the…[Read more]

]]> 0025cb016056d4a71eb4cf9dff571425 nugen replied to the topic Learning about gearing in the forum General Property https://www.propertyinvesting.com/topic/4370100-learning-about-gearing/#post-4445308 Mon, 22 Dec 2003 13:34:01 +0000 Amatuer

First thing I would do, and have done is read Steve McKnight’s book. Also read another angle with maybe Jan Somers. This way you can choose your investment strategy.

These books should answer many of your questions. Or you can pick through these posts although I think the posts are much more valuable after a little education. That’s what…[Read more]

]]> 06146ebba534627bd6f86a106dfbbe24 nugen replied to the topic Advice please in the forum General Property https://www.propertyinvesting.com/topic/4370089-advice-please-2/#post-4445215 Mon, 22 Dec 2003 13:22:54 +0000 Here’s another scenario. Could be flawed so let me know.

Mum and dad sell up. Rent just like the son is.
Create a trust(optional). Invest capital into other property(good yields & growth etc). Give the son part ownership in the trust as in %. This way the son can use the security of the trust for buying an IP with FHOG. Once on his feet he may…[Read more]

]]> f04226a263627ff3d14a5e7c4a100bf9 nugen replied to the topic i've been emailed some deals in the forum General Property https://www.propertyinvesting.com/topic/4369768-ive-been-emailed-some-deals/#post-4442825 Wed, 03 Dec 2003 10:37:53 +0000 Guess you need my email address hey[:I]
jamiedbeal “at” hotmail.com

[:D]

]]> 24ccc7b11ee58f3c38c9a66740eac911 nugen replied to the topic i've been emailed some deals in the forum General Property https://www.propertyinvesting.com/topic/4369768-ive-been-emailed-some-deals/#post-4442824 Wed, 03 Dec 2003 10:35:18 +0000 Mini

Can I get the info as well.

I will be heading there shortly and would like contact details of the REA.

Thanks

Nu Gen

]]> d05773ca899023aa339ae9ab8079a6b5 nugen replied to the topic How are the newbies going? in the forum General Property https://www.propertyinvesting.com/topic/4369498-how-are-the-newbies-going/#post-4440237 Fri, 21 Nov 2003 05:28:37 +0000 Thanks to all who are adding input.[:D]

It seems as though we all have a similar approach to getting into the market; alot of study and reading or adding to topics. Alot of positive thinking and making educated desicions.

We all seem to have a couple of people in our ears with negative comments. Can’t wait to see them eat their words.[:P]

Make sure…[Read more]

]]> fb98033e0aebcf118d6a9750cf0bf18e nugen replied to the topic interest rate rise in the forum General Property https://www.propertyinvesting.com/topic/4369269-interest-rate-rise-3/#post-4438366 Fri, 07 Nov 2003 07:33:07 +0000 RodC

You are right. i forgot to ad that into the equation.
Basically the point I am trying to make is the more + the cashflow is the better position you will be in.

Nu Gen

]]> f175d71bd70ca0f8b7e5e46cc083c3ae nugen replied to the topic interest rate rise in the forum General Property https://www.propertyinvesting.com/topic/4369269-interest-rate-rise-3/#post-4438361 Fri, 07 Nov 2003 06:23:35 +0000 If you follow the 11 second solution then interest rates can go up to 10.4% before it becomes – cashflow. That’s a pretty good buffer considering by that time most other people would have suffered – cashflow by that time

Nu Gen

]]> d89cab0db189c4fdf997a4539a28ef42 nugen replied to the topic Place comments about my spreadsheet here in the forum No Subject https://www.propertyinvesting.com/topic/4369026-place-comments-about-my-spreadsheet-here/page/5/#post-4436533 Tue, 04 Nov 2003 07:15:20 +0000 Celivia

Go to tools then Protection then Unprotect Worksheet.

You need to do that on each page/worksheet.
[;)]
Nu Gen

]]> b0b6aec64a586251fc468e4d21aede5f nugen replied to the topic Ss complete ver 1.0 in the forum No Subject https://www.propertyinvesting.com/topic/4369146-ss-complete-ver-1-0/page/2/#post-4437415 Fri, 31 Oct 2003 13:22:12 +0000 Before too many people send to the last 2 posters,I just sent it to them.

Nu Gen

]]> a67065fcb1edb2fa7081607187864b15 nugen replied to the topic Which Advertisement You Like Most? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4369091-which-advertisement-you-like-most/#post-4437041 Fri, 31 Oct 2003 12:24:53 +0000 I like the ad where the Japanese lady playing golf sinks a put and the crowd stay silent. She walks over and bends over to pick the ball out of the hole and the whole crowd applaud.

It is a mini skirt ad.[}:)]

]]> fc1daa5e67e108b15667a2a70bf3f8ce nugen replied to the topic Ss complete ver 1.0 in the forum No Subject https://www.propertyinvesting.com/topic/4369146-ss-complete-ver-1-0/page/2/#post-4437412 Fri, 31 Oct 2003 11:25:57 +0000 Fudge

You shoul be proud of yourself. Well done!
I have only just started with it but it is much better than mine.
One thing to consider is New Zealand investors and taking stamp duty etc out of the formulas.

Cheers

Nu Gen

]]> 24f42964304dd921d1d7df5a0e4e8da9 nugen replied to the topic Ss complete ver 1.0 in the forum General Property https://www.propertyinvesting.com/topic/4369146-ss-complete-ver-1-0/#post-4437403 Fri, 31 Oct 2003 07:50:54 +0000 yes please

jamiedbeal@hotmail.com

]]> b9a213d6513726a74f8e48e29da4b712 nugen replied to the topic Place comments about my spreadsheet here in the forum General Property https://www.propertyinvesting.com/topic/4369026-place-comments-about-my-spreadsheet-here/page/4/#post-4436503 Tue, 28 Oct 2003 06:04:30 +0000 Fudge

Can I have a copy too. I did one myself a while ago. Keen to compare it.

jamiedbeal”at”hotmail.com

Jamie

]]> 5c7217f387ad2d664811ce36a9111c50 nugen replied to the topic DOES 11 SEC RULE STILLAPPLY IN OCT 2003!!!!!!!!!!! in the forum General Property https://www.propertyinvesting.com/topic/4368984-does-11-sec-rule-stillapply-in-oct-2003/#post-4436099 Fri, 24 Oct 2003 05:41:04 +0000 Taylah

What is wrong with property under 80K? If you buy 2 that 160K invested positively etc. I guess you have to add stamp duty etc but the figures can work out.

Good Luck

]]> 9eca4a9fbea5f2a0b0a478523b3d15e8 nugen replied to the topic Investing in NSW country properties in the forum General Property https://www.propertyinvesting.com/topic/4368977-investing-in-nsw-country-properties/#post-4436011 Fri, 24 Oct 2003 04:02:08 +0000 Don’t worry too much about the money. Do you love the country? If, so move there and you will probably be debt free with a little income.

Nu Gen

]]> e6490266beaaa5b9e489932675f2bbb4 nugen replied to the topic Having troubles with 11 second rule in the forum General Property https://www.propertyinvesting.com/topic/4368965-having-troubles-with-11-second-rule/#post-4435938 Thu, 23 Oct 2003 06:29:53 +0000 Don’t just look in Mildura. There are plenty out there. Try other states, or more remote towns.

11 second rule may be hard to find but if you put 20% down as a depostit that may give +cashflow.

Nu Gen

]]> 6803a2ea50cf1c35ac74a39528f3fc0e nugen replied to the topic Central Coast Property Investors Club(NSW) in the forum General Property https://www.propertyinvesting.com/topic/4368893-central-coast-property-investors-clubnsw/#post-4434988 Wed, 22 Oct 2003 07:00:12 +0000 I’m on the Central Coast. Sounds like a good idea. I’ll call you.

Nu Gen

]]> e67fe93f71c922763742236d4dee0245 nugen replied to the topic Advantages of Principal+Interest only repayments in the forum No Subject https://www.propertyinvesting.com/topic/4368592-advantages-of-principalinterest-only-repayments/#post-4432858 Thu, 09 Oct 2003 04:16:11 +0000 I went and asked my bank manager this same question and he said if you have an existing IO loan and apply for another loan it will be harder to get as the bank sees that your debt is not reducing over the years.

Ask for yourself as I cannot fully remember the conversation. Either way I was talked out of it.

Nu Gen

]]> d58072ea4b5d0cdb2cd4586836bd33ee nugen replied to the topic Tax time for property investment in the forum General Property https://www.propertyinvesting.com/topic/4368580-tax-time-for-property-investment/#post-4432791 Wed, 08 Oct 2003 11:16:25 +0000 I just saw a good thing on Today Tonight tonight[:D] that showed quantity surveyors valuing the depreciation on all fixtures in the IP including building and reno costs before the owner even bought the house. Check it out on their site.

Nu Gen

]]> 7c0f7ed357ef8235f68f0692e043c0fb nugen replied to the topic How much should managing agents charge? in the forum General Property https://www.propertyinvesting.com/topic/4368457-how-much-should-managing-agents-charge/#post-4432062 Wed, 08 Oct 2003 11:08:58 +0000 A little birie tild me that in some areas the tenant picks up the bill for the tenant finding commission(usually one weeks rent). Then you could say to the tenant “if you pay your rent on time for the duration of the lease I will give you a bonus of 1 weeks rent in cash”.

Ask your PM[:I]

Nu Gen

]]> cca9317fd3b92bdc4b025ac7956cad15 nugen replied to the topic What does one listen to in the forum Forum Frolic https://www.propertyinvesting.com/topic/4368154-what-does-one-listen-to/#post-4429924 Sun, 05 Oct 2003 09:35:26 +0000 I like all sorts of stuff.

U2, Jeff Buckley, Smashing Pumkins, Powderfinger, Queen, Stone Temple Pilots, and top 40 stuff. Beatles and older stuff is good too.

Nu Gen

]]> b3e3a38c5f960145e93c3344e7e0bc39 nugen replied to the topic First property? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368214-first-property/#post-4430302 Fri, 26 Sep 2003 06:27:54 +0000 urgeman

You could get a close friend or family member to occupy the house and pay board. This way you get FHOG and rent it out. I say family or friend because it could get nasty if you try that with anyone. I have had friends that did this and it worked really well.

Nu Gen

]]> 00c4510bec2c98d53e91d114de337a5f nugen replied to the topic NZ suburbs in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366580-nz-suburbs/page/6/#post-4420349 Mon, 15 Sep 2003 07:27:52 +0000 Just a couple of quick questions about investing in NZ…Can you claim interest paid on the loan?
Are there any extra charges from the NZ banks for being over here.

Nu Gen

]]> 7e35bfdcee985e5f217d725b357ca976 nugen replied to the topic Stuck at the Crossroads in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367849-stuck-at-the-crossroads/#post-4428291 Mon, 15 Sep 2003 03:27:32 +0000 Teylu

I live on the Central Coast and will be selling shortly. Wanna buy a house possibly with extended settlement?

If you want I can email you details.

Nu Gen

]]> 85ceb18b8f07d5d84c99314b71d5cb92 nugen replied to the topic What's your profession? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367252-whats-your-profession/page/10/#post-4424667 Mon, 15 Sep 2003 03:23:14 +0000 Sparker…..need an apprentice?[;)]

Housesitter…..I did a Certificate III in IT and now have a fine job. I definately would not be here now without that. I have since mentored a TAFE graduate who will soon be offered a full time job here.
If he/she really wants to do this good on em. Give them encouragement.

Nu Gen
[:)]

]]> b1611988472984b914ce7ee1218b3e98 nugen replied to the topic What's your profession? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367252-whats-your-profession/page/9/#post-4424648 Sat, 13 Sep 2003 09:19:05 +0000 I am a systems administrator at my local council on the Central Coast NSW. It’s heaps better than commuting but hopefully I can retire early from successful investing.

So if you have any problems with your PCs feel free top ask. [:D]

Nu Gen

]]> 41957d0a938e98b1b436881709f9422e nugen replied to the topic Sell Home, Rent & Invest. in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367752-sell-home-rent-invest/page/2/#post-4427772 Fri, 12 Sep 2003 05:01:41 +0000 I too have decided to do this. I have my wifes backing which was surprising. So I will commit us before she changes her mind.

I sold it to her like this…

We have a mortgage of $250K
Our property income each week is -$350/wk as it is our mortgage repayment.

If we used the equity to buy + cashflow IPs(1-2 at most the banks will lend) property…[Read more]

]]> 8983b0bf294893d803a8209fa34dd8f5 nugen replied to the topic Calling windows XP users in the forum No Subject https://www.propertyinvesting.com/topic/4367679-calling-windows-xp-users/#post-4427423 Thu, 11 Sep 2003 04:59:37 +0000 Ez-rent

Below is a link to disable system file protection. Generally it is a good thing to have, but annoying. There are also other settings you can specify.
http://support.microsoft.com/default.aspx?scid=kb;en-us;222473
I don’t have the program but have made this change before. Be careful though.

Nu Gen

]]> 36c5a91eca575288e280675246d866e9 nugen replied to the topic Wealth Creation Plan in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367650-wealth-creation-plan-2/#post-4427330 Tue, 09 Sep 2003 06:39:20 +0000 Westan

I too have been reading a heck of a lot of posts and seem to be lacking a wealth creation plan. I have read most of the books but would like to see what you use as a guide to measure your goals.
You seem to be one of the more experienced posters here.

Could I also send you my details?

Nu Gen

]]> d5a1c535fd12e8b7dfadc128fed29adc nugen replied to the topic I'm young and starting out.... in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367651-im-young-and-starting-out/#post-4427332 Tue, 09 Sep 2003 02:50:12 +0000 Have you considered selling and renting or boaring with friends. The profit you make from your sale could go a long way.

nu gen

]]> 86a5267e039822ee94aa9357882ac6d0 nugen replied to the topic A Current Affair in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367645-a-current-affair-2/#post-4427280 Tue, 09 Sep 2003 02:01:24 +0000 I eagerly watched it on the telly last night and even more eagerly I entered the Millionaire Challennge.[8)]
Have read Steve’s Book and would love to take the challenge up with him.[8D]
I think people who are quite sceptical need to read the book first before forming opinions. [;)]

nu gen

]]> 41a09e6f05746c0421d841f015697880 nugen replied to the topic Starting out in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367518-starting-out-2/#post-4426517 Thu, 04 Sep 2003 11:32:46 +0000 I am in a similar position. I started reading and learning a year ago. Read many books, Jan Somers, Rich Dad Poor Dad, Steve McNight etc. Get a feel for different opinions and make your educated decision on how to invest.

Good Luck.

Nu gen

]]> d56ba2eff2808effaa085b4e14f958cb nugen replied to the topic What is the best way to minimise TAX? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367517-what-is-the-best-way-to-minimise-tax/#post-4426500 Thu, 04 Sep 2003 11:28:57 +0000 Don’t quote me but I think having a company as opposed to a business name means the bank cannot reposses personal assetts not in the company name.
So if you have a PROR it cannot be taken off you.

I could be wrong.[B)]

]]> 0b3ac7e36d56d4d73d75a2817f5c6984 nugen replied to the topic How old are you?? in the forum No Subject https://www.propertyinvesting.com/topic/4367481-how-old-are-you/page/2/#post-4426233 Thu, 04 Sep 2003 10:02:15 +0000 I’m 27. First PROR at 25. Buying first IP by end of year. Can’t wait to catch up to a few of you.

nu gen

]]> b7da93a3069fea88d190c136e5572999 nugen replied to the topic Problem - pls help in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367511-problem-pls-help/#post-4426462 Thu, 04 Sep 2003 09:57:52 +0000 Maybe you should go visit them(the neighbours). Put on a carton and talk to them. They would probably appreciate that if you could relate to them(assuming they like a drink). See what it is they don’t like about your property.

If that fails run for the hills.

nu gen

]]> 9f11260baec5fed6b599f2bfce69120e nugen replied to the topic Newbie, Think I've spotted a deal, like info in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367513-newbie-think-ive-spotted-a-deal-like-info/#post-4426477 Thu, 04 Sep 2003 09:52:47 +0000 Andrew

What’s the address…..Just kidding.

Sounds pretty good to me. If you get $130 for each of the 3 properties that well passes the 11 second rule.

nu gen

]]> 639cffbbdd444c208c760830ff854bac nugen replied to the topic GREEN POINT in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367391-green-point/#post-4425573 Mon, 01 Sep 2003 11:21:22 +0000 Thought I would add my bit as I live in a neighbouring suburb.
Green Point is a good suburb. Very central to all areas on the Central Coast.
Capital Growth is still going. Not much under 400k.
Rent should return around $280. Certainly not for + gearing but good for CG.

Nu Gen

]]> d4e48a40e7bebc468823db07880d9c8d nugen replied to the topic CGT Question in the forum No Subject https://www.propertyinvesting.com/topic/4367184-cgt-question/#post-4424041 Sun, 24 Aug 2003 23:15:21 +0000 Thanks Rod.[:D]

]]> 1c72dc488eb366a81b93449abb89988e nugen replied to the topic How many you got? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366761-how-many-you-got/page/4/#post-4421356 Sat, 23 Aug 2003 13:01:06 +0000 I am just new to this. No IPs yet, but selling up in summer and using profit to put deposits down on a few. Rents cheap here so I will rent. Everyone in here is an inspiration, and are unknowingly helping newby’s like myself to accerlerate our knowledge of the property market.

Worst case scenario is that I lose my job, market crashes, and I end…[Read more]

]]> 0de456cbac39dcbc502e73484db5aac0 nugen replied to the topic BOOM to continue in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367159-boom-to-continue/#post-4423878 Sat, 23 Aug 2003 04:36:37 +0000 Heres my thoughts… If the property market peaks and interest rates rise, it will be hard for young people and battlers to stay or get into the market. I can’t see prices dropping much. Therefore the demand for rentals will push up yields. It might then be easier to find +ve geared IPs. If interst rates rise close to or above rental yields that…[Read more]

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