I agree, Wellington isn’t particularly known for its capital growth. Did you buy it as a home or IP, and how long are you planning on living in Mel for? What would the property sell for?
Awesome idea Victor.
I host a similar one in Auckland. We do it monthly at a pub and regularly get about 15 people along and while it is AIMED at people under 35 we do get older people come too, usually they are newer investors. I have been really impressed by the work that a lot of young people out there are achieving. We have one guy with 7…[Read more]
NZ banks don't have a problem lending to Kiwis in Aussie. However as an offshore owner you would struggle to get LVR above 80%
As you are trading you will be subject to GST and tax on your profits.
You would probably want to get a project manager and find someone to help you find the deals.
Thanks guys that really helped me out. Basically I am reborrowing any money I have already paid off the principal
Do I need to get it revalued in order to gain the equity or does it go off what the original loan was.
In the case of them not releasing it over seas, if I can’t, I figure if i can just restructure the loan into an overdraft type…[Read more]