29 June 2011
A mortgage is a loan for the purchase of property and the loan is secured against the property. A fixed term mortgage is simply put a mortgage that is set for a fixed period of time, Interest rate charges are fixed for the term of the mortgage. A penalty could be applied if the term [...]
Posted in Property Investment0 Comments
23 June 2011
ASB announced this morning that they have extended their pre-approval time from 90 to a whopping 180 days. Continue reading →
Posted in Finance0 Comments
22 June 2011
When a property developer buys a property and quickly sells it on again for a profit – this is called flipping. There are flipping strategies that come into play with this method of investing. The Flipping “as is” which is a straight buy and sell quickly. Flip and renovate is where you buy a run [...]
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22 June 2011
What is a Lease Option and what are they all about. Simply put a Lease Option is a Lease with an Option to buy it. Some of the features of a lease option include; Price is agreed upon agreement and the buyer and seller negotiate payment of maintenance costs, perhaps even sharing this cost. Lease [...]
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14 June 2011
An Interest Only Mortgage is a type of Mortgage where you only pay back the accrued interest and no payments are made against the principal. There are many reasons why people choose to take out an interest only mortgage, they may have limited resources, they may be buying a second property, they may be using [...]
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08 June 2011
In the past all body corporate levies have been assessed on unit entitlements. Because unit entitlements are based on value, historically different owners using the same facilities could be required to contribute to costs to differing extents.
Posted in Legal0 Comments
08 June 2011
As land has become more expensive and less available the option of subdividing has become more popular and cost effective. Different councils and local bodies have different rules and cost for subdividing and information on these is readily available from them and on the internet. Whilst subdividing can be worthwhile for a homeowner, there is [...]
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20 May 2011
Without wishing to comment on the politics of yesterday’s budget, I thought I’d give a brief though on the impact on borrowers. Continue reading →
Posted in Finance0 Comments
19 May 2011
Homes are built or bought for a huge some of money, which often takes years to earn and save. It is imperative then, to ensure that no harm comes to the asset and it is well taken care of. The latter is one of the various rationales used by people who rent out their property [...]
Posted in Insurance0 Comments
17 May 2011
Buy and Hold refers to the property investment strategy of buying an investment property and holding on to it for the medium term or the long term. This Buy and Hold strategy is often a successful way to to accumulate wealth and balances risk and returns that accrue on investment properties.
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11 May 2011
The impact of the Unit Titles Act 2010 on developers- Disclosure requirements in general are introduced in a previous blog. What follows is an analysis of the specific implications for developers and the additional “turnover disclosure” that is relevant when a development is completed.
Posted in Legal0 Comments
11 May 2011
From 1 April 2011 it became compulsory for certain land transactions to be compulsory zero rated (CZR). This means that GST will be charged at the zero percent. The regime will apply to almost all transactions involving land that are made between GST registered parties. There are some limited exclusions.
Posted in Legal0 Comments
11 May 2011
What is happening in Christchurch is impacting on the New Zealand property industry in all sorts of ways. One of these is the debate regarding contractual obligations between the parties. Most leases inadequately deal with the situation in Christchurch. Whilst they may deal with partial destruction and total destruction they do not adequately cover many of the circumstances that have arisen in the cordon area.
Posted in Legal0 Comments
10 May 2011
David Windler knows Property finance, he specializes in financing for residential property investment. Some of what he will talk about at the Masters May 2011 is in the video link, he talks about creating wealth through property investment. Whether you are an investor in a position high equity and high income or low equity and [...]
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10 May 2011
Cash flow is king for property investing and ideally your cash flow should be positive. Cash flow neutral sounds good but can be risky and end up going into negative territory, which can be a problem for a cash strapped investor. The cash flow neutral position is considered to be a total return of 7% [...]
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09 May 2011
Rental property insurance becomes essential when property as a valuable asset is rented to someone for use. It is a safeguard against damage, loss and destruction of this asset, since it insures the property for a substantial amount of money. Insurance is a way of protecting the financial interests of owners of assets
Posted in Insurance0 Comments
