Thread: Arbitrage income from rental property
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Old 02-03-2006, 05:30 AM
ExPat ExPat is offline
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Default Arbitrage income from rental property
Well my original question about establishing credit was answered by reading another post slight down from this post but perhaps my question is better served re-tweaked.

I have rental property in the US that will generate some income for me while I move to NZ - approximately $2000 USD/month. Does this income count towards establishing credit in NZ? If I have $100k held in US bank, will that suffice to get a NZ mortgage or will I be forced to transfer the funds over to NZ bank?

As for the arbitrage, since $2000 USD = $3100 NZD does this end up being counted as income and taxed in NZ too as well as the US?

Any feedback is appreciated.

ExPat
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