Have you heard of the proposed Real Estate Institute of New Zealand agreements for selling and buying property? This agreement is expected to be put in place soon and it may affect the business activities of property investors.Current RegulationsIn the past two decades, a standard agreement has been used for recording the purchase and selling of real estate in New Zealand. This agreement was a joint production of REINZ and the Auckland District...more
For many married couples, one partner is involved in a business whilst the other is not. It is rather surprising but quite common that both spouses are named as personal guarantors to financial institutions and other creditors for the business.The truth is such personal guarantees are rarely a requirement of a contract and in case of default, the couple will lose everything.So why do most lenders ask both spouses to be named as guarantors? Simply...more
Are you part of a double income no kids (DINK) household? If so, your wealth and financial considerations are different. Consider this case study for determining if an investment property may be the best option to grow your portfolio and avoid facing excessive taxes.Case Study: the JonesesA typical DINK couple, Mr. and Mrs. Jones are both employed in professional fields. They earn $250,000 per year and own their own home, which is valued at $750,000. Their debt is currently $200,000 and the Joneses wish to expand their financial portfolio by investing in rental property.They are encountering two particular issues in relation to property investments: what type of real estate to purchase and how to structure the ownership to result in the least amount of taxes owed on the investment.The Best Property for the Joneses to PurchaseFirst, Mr. and Mrs. Jones should be very confident about their income earning potential for the future. If either of them feels their job is not secure, then this would not be a good time to allocate funds to investment.With a reasonable expectation that their incomes will remain stable or increase, they could certainly afford to buy a property worth $500,000...more
What are economists saying about the future of New Zealand's economy and how does this affect the decision to invest in property?The question many potential investors have is whether or not the housing market has reached bottom yet. Recently it was stated that the industry has declined 12% over 2007 figures. Some pundits have said that it could go...more
When was the last time you threw away a working Promotional Calculator? People just don't dispose of such a practical gift which is why you should consider using them for your next promotional merchandise purchase. They are used at home, at school,in the office and on the move. How many times can you say that about a promotional item?1 Promotional...more
Is this the best time to be investing in New Zealand real estate? The answer depends. Take a look at both the pros and cons regarding the current market before making a decision to tie up capital funds in property investment.The ProsFor one thing, the amount of new residents coming into the country is on the rise, with an estimated 20,000 people arriving annually and a net increase to the population of approximately 11,000. This represents a real demand for additional housing, both rentals and purchased homes. At the same time, supply is decreasing. Due to economic concerns, much of the real estate in New Zealand is being offered at reasonable prices and favourable interest rates.The global recession is affecting New Zealand less than other countries and a rebound is expected sooner here, as well. The same is true for Australia, our biggest trading partner. The financial health of New Zealand has always been stronger due to the absence of subprime lending practices in conjunction with stable banking structures and government support of financial institutions. The American policy of printing cash has resulted in a strong influx of liquidity worldwide which is expected to help the...more
In some workplaces, the mention of team development leads to groans and unhappy mumblings by the employees, and it is clear then that these people have had unhappy experiences with this idea previously. However, team building can and should be fun,...more
Chris Carpenter - Master of PPC Marketing? In 2002, Chris Carpenter, an online marketer now, was no different from a normal employee who worked nine to five at a little firm. Like many others, he had a financially difficult life, until he noticed...more
Just like any passionate relationship, you need to love your business. That love gives you the energy and passion to keep your attitude positive and optimistic. There are many factors that contribute to the success of a business. But attitude is...more
The eBay business can be most likened to an online flea market. But, as with most flea markets, there is always the possibility that questionable hawkers lurk around the corners. Therefore, there must be rules in place to insure that the auctions and...more
The CARS Act or Car Allowance Rebate System Act is colloquially known the 'Cash for Clunkers' program in US. The programme officially commenced on July1, 2009 and ended on August 24, 2009. It had been introduced as a $3 billion US federal scrappage...more
If you are considering starting a small business, or if you already own your own business but can't quite seem to get on top of things, you need to know what the personal characteristics are of a truly successful small business owner. Quite frankly,...more