Yes, but you would lose the CGT free status of your house, have to pay stamp duty on the transfer and land tax each year (possibly). The house may be negative geared initially, but this will change as rents increase so you will be paying extra tax that you would otherwise not have had to pay

Hi I can have a look at the deed if you want?I doubt that the children are the trustees? Especially if they don't exist!!They are probably beneficiaries, but if they didn't exist at the time the deed was made then there must be other beneficiaries too?

Most people probably do this for other than financial reasons – location closer to work etc.But there may also be good financial reasons such as claiming negative gearing benefits on  your home while paying cheaper rent. ie you may save a heap of tax for a few years and then be able to move back into your house and avoid CGT completely.

Looks like they are locked into a binding contract. They may lose more than their deposit!(all because they did not notify the other party within the agreed timeframe)

Interest in advance is when you pay the interest upfront. It is usually done in June with 1 year's interest being paid upfront. This helps you claim a larger tax deduction this fin year – but means less of a deduction the next year so be careful.

If you are just building one house on your block, then there shouldn't be too much of a problem. You can still get finance as a 'owner' builder. If you are going to building big stuff, then this is different. You would be a developer and this would mean different criteria. And I think you would need to be a licenced builder to build anything other…[Read more]

Non-residents are taxed at higher rates than Aussie residents – and residency for tax is determined in a different manner to that of immigration. But SMSF is a complex area of law so I am not sure how it works, but if the trust is not making a profit, then it possibly wouldn't matter too much with the important part being whether you are residents…[Read more]

The one dwelling per 3 years is a Dept Fair Trading rule. Nothing to do with borrowing money. And according to the DFT you will be a licenced builder anyway, so this rule wouldn't apply.

You can borrow without an income and some people even borrow a bit extra to cover any shortfall between the rent and the repayments.

It depends on how big the project is. If just a house or duplex etc and you are building it, then you are classed as an owner builder by the bank. This has nothing to do, really, with the council or dept fair trading requirements on owner builders – which probably wouldn't apply if you were a licenced builder anyway. And just because it is classed…[Read more]

Banks will see it as owner builder. There are still a few that do owner builders though.

Depends on the location of the land and the other parties position. If it is high risk you should expect more. Also you would need to make enough to make it worthwhile – think of the other things you could be doing with your money in the meantime.

Hi 9I have sent you an email with details of a company that specialises in helping people save on the rates and fees in bringing in( and taking out) large sums of money,.

You could paint it? add curtains maybe?

You would probably make more money by putting $25,000 into an ING account than by purchasing this – don't you think?

You are only increasing one loan to pay down another. Normally it would not be of any help, with claimable interest being the same, but since your property is in NZ, I am not sure of the tax rules – although you are probably paying tax on it here.

Don't forget an offer can be binding if accepted. be careful.

How many in the block?

That's cheap!BTW are you John V?

One of my friends was running a business as a sole trader (bad idea!) and he was sued for $800,000 because of an employee fraud.If you are not in business, there are still many reasons why you could be sued. eg. You have an accident and are not covered. or you house floods with the insurance company claiming they don't cover floods, only rain…[Read more]