Finance & Strategy Expert
Finance & Strategy
Ask Kris Pederson, director of Kris Pederson Mortgages questions relating to Mortgages, Finance, and Strategy
Kris is a respected commentator on the property and finance markets in New Zealand and overseas. He spends his time working closely with his support team sourcing clients leading edge finance strategies.
If I own a rental property, can I rent it personally to myself if I pay a proper rent and declare the income on my property tax return?
A relative is keen to downsize and get into investing. They will have around $700,000 in cash. What type of strategy, including location & type/number of properties, would you recommend? Ideally, they would like an income to replace their current salary which is around $70,000.
I am looking at perhaps purchasing a residential rental property. I have little knowledge on how to structure the purchase/how to run the rental. Should I speak to a lawyer or accountant first about how to purchase and so on before looking further – eg: should I buy it under a limited company or under my own name? Who do I speak with first before purchasing a property?