Hi Nathan,

A couple of issues here…

1. If you are doing this as a business (as you seem to have indicated above), then profits are ordinary income, not capital gains. This means that you will pay income tax on all your profit when you sell. Be aware that if your taxable income spikes in any one year then you will be pushed into a higher tax…[Read more]

Hi Nathan,

To be clear, let’s get a couple of things sorted:

1. It’s unlikely you will need a loan for the sub-division, but rather the construction of the new dwelling(s)
2. Construction finance is usually based on stage of completion against the building contract, rather than an end value
3. Others on the site will have a better grip on this,…[Read more]

A quick post to let you know that we are still working full time behind the scenes with more upgrades.

Next on the list is a member dashboard to replace the current welcome page after sign in that contains a range of useful information about latest information.

– Steve

Hi,

My experience from a decade or so was ago was that Aussie banks only wanted to lend against Aussie property, but NZ banks were happy to lend to Aussie investors buying NZ property.

I suggest you contact a NZ based mortgage broker, as well as a couple of banks direct. The Bank Of NZ lent to me based on my Aus tax return and the proposed…[Read more]

Hi,

If you made a post selling these items then the best thing to do is to make a reply saying they have now sold.

We don’t like to delete old posts as it messes with the continuity of the forums.

– Steve

Hi Ben,

I sold the mentoring program back in 2009 to the coaches who worked for me at that time. You can find them now at http://www.resultsmentoring.com

The link to registering the book can be found on the right hand panel of the home page, but here is the link for easy…[Read more]

We tried to ‘hide’ the email as such to stop bots scraping the forum.

I’m not against returning back to displaying email addresses, but it is an issue that it is not working with gmail.

As I said, I’ll get the team on it and see what can be done.

While I have you, can you take a look at this post for me – it’s finance…[Read more]

Should be a simple mailto tag Colin.

When I clicked it in your signature it opened up Outlook and put your email address in the ‘To’ area.

I’ll get my team to have a look at it though.

What do you think of the new signature styles?

– Steve

Hi and welcome to the forum.

There are many finance experts on the community, and I hope one can help you.

I do not have the appropriate qualifications to comment specifically, but as a general comment I would have thought:

An unpaid default is going to be a significant red flag to a lender. Even paid off it is going to take some…[Read more]

We’re on the case Jamie. Will be fixed as a priority in the morning (or sooner).

– Steve

Hi,

Some replies:

1. Self rating

Agreed. You should not be allowed to rate your own posts. We’ll get on that.

2. Links

Currently when posting a link the poster can nominate that the link open in a new window (or not). We are changing that to be hard-coded always open in a new window.

3. Signatures

I made a post about signatures in this same…[Read more]

I believe the laws pertaining to negative gearing are too generous.

I would like to see some or all of the loss over expenses carried forward and offset against future capital growth rather than immediately against income.

Otherwise, provide a gradual phasing in of a CGT discount per year a property is owned (up to 50%).

– Steve

Hey Nigel!

Yes, the Hawke / Keating government tinkered with the rules and it caused a housing price correction.

The article I linked to in my initial post discussed the impact and how the new recommendation should provide a different outcome.

– Steve

Interesting post…

As all credit checks are tracked and logged, too many could raise eyebrows.

That said, so long as you have an explanation you should be okay.

Beware the new changes though, were more information is tracked and defaults treated more harshly. Read more here.

I would recommend getting a copy of your credit record annually and…[Read more]

Nissan Dualis. I needed something easy to get in and out of, and it has great boot space with the fold down seats.

My wife drives a Toyota Avensis, but we are thinking about upgrading.

We drove a Mazda CX9 around in the US a few years back and loved it, but it did drink the juice like a thirsty sailor.

– Steve

Number of employed persons, rather than the tables shown above, or so I was lead to believe.

Like I said, I haven’t verified it but just thought it was interesting.

It might be a misquote of this article:
http://in.reuters.com/article/2014/04/17/usa-economy-employment-idINKBN0D30JF20140417

– Steve

Hi again Colin,

Thanks for the heads up on the signature. We are on that one too and will soon be implementing a new system for it.

You see, when we ported over the data from the old forum, we just did it as ‘text’. As a temporary hack, we kept the signature block as it was, and made a wish list to upgrade it.

So, within the next 14 days, you…[Read more]