Property
NEW BUILD VS OLD VS LAND/BUILD
The builder probably said it’d be 6 months, but that didn’t include getting consent from Council. Then there were weather problems, and other problems, and so it has actually taken a year to build.
Read MoreINFO FOR NEW INVESTORS
INFO FOR NEW INVESTORS. Common questions if you are new to property investment. So you’ve bought an investment property. Now what?
Read MoreHOW TO CALCULATE RENTAL YIELD
So, we just showed you how to work out the Gross Yield. How do you work out the Net Yield, that is, the Yield post- or including expenses?
Read MoreGETTING STARTED IN INVESTMENT PROPERTY
Oftentimes, an LTC is the best way to go. However, there are other factors to consider: Are you single or with a partner? If you have a partner, are you both in the same tax brackets?
Read MoreWHY USE A PROPERTY ACCOUNTANT
he field of investment property accounting has become more and more complex as more and more laws have been passed in the last few years,
Read MoreCOVID-19 STRATEGIES FOR PROPERTY INVESTORS AND BUSINESSES
You might also want to look at a mortgage holiday. Be aware that this will increase the loan,^ but it will buy you some time, so in the big picture, may be worth it.
Read MoreIS NOW A GOOD TIME TO BUY A RENTAL PROPERTY?
Are you thinking about buying a rental property but not sure if now is the right time to dive in? There’s nothing like a worldwide pandemic to give you wobbly legs at the thought of making a big financial investment! It may seem like a precarious time to buy a rental property due to Covid-19 and political uncertainty around landlord requirements. However, there are other drivers which may indicate that it is a good time to enter the property market or expand your portfolio.&nbs […]
Read MoreRENTAL PROPERTY: WHAT RECORDS DO YOU NEED TO KEEP?
What records do you need to keep for your rental* property? Here is a general guide. Note that this list assumes you are using a property manager. All costs are for the 12 months preceding 31 March:RENTAL PROPERTY Copy of Sale & Purchase Agreement (if 1st year)Total Rent ReceivedInsurances, e.g. Landlord Protection, Mortgage Protection, HouseLegal feesProperty Management fees (if applicable)Rates – water and CouncilMaintenance, including any purchases e.g. heat-pumpRubbis […]
Read MoreLOAN/ MORTGAGE OPTIONS COVID-19
It’s not really a “holiday”, but rather a “payment deferral.” How does it work? While you don’t have to make payments during the mortgage holiday, you still get charged interest. What’s that going to cost? Well, it could be significant.
Read MoreLOAN/ MORTGAGE OPTIONS COVID-19
What are your options for managing your loan or mortgage during the COVID-19 outbreak? RESTRUCTURE / renegotiate Depending on when you last fixed your loans, you may be able to get a lower rate now. Look into what the bank’s break fee would be (break fees are deductible on rental properties); chat to your mortgage advisor if the bank isn’t playing ball. Or if they are being greedy at a difficult time.You might also be able to push the loan term out e.g. from 25 years to 30 y […]
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