Which people will be “Most” affected by no LVR?: Steve Goodey

Original Article here: https://www.stevegoodey.com/which-people-will-be-most-affected-by-no-lvr/

The removal of all LVR restrictions is going to be a massive change in the property market mainly for the first home buyers. This is actually a good thing for investors too.

In this quick video I explain why.

 

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Marketing buying and selling in a Covid world: Steve Goodey

Original Article here: https://www.stevegoodey.com/marketing-buying-and-selling-in-a-covid-world/

Today I was lucky enough to have Shane Brockelbank from Professionals Real Estate on a Facebook live talking to me about how to market, buy and sell in the Covid-19 world.

I have great respect for Shane’s skills as a negotiator and agent and his insights at this stage are very timely.

https://www.facebook.com/SteveGoodeyPropertyCoach/videos/232596711281057/

 

 

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Getting Access to Money in the era of Covid-19: Steve Goody

Original Article HERE: https://www.stevegoodey.com/getting-access-to-money-in-the-era-of-covid-19/

It sure looks like there’s going to be some changes in the property market in the next few weeks and months.

Interest rates are round 3% and looking to stay there for at least a year, the restrictions on loan to value ratios are being removed and banks have been told they can relax their lending criteria from the reserve bank.

Add to that consumer confidence levels, unemployment rates and tourism numbers at zero and you can see a lot of uncertainty and equal amounts of opportunity.

I plan to start exploring this and getting my “Ducks in a row”, first thing I need to do is get some funding so I called my mate Dave Windler to see if we can make any sense of it all.

 

 

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Investor Mistakes: Not understanding the risks and downsides.

Not having a Plan B and Not understanding the risks and downsides.

By James Upton

Disclaimer: Nothing is this article is meant to constitute financial advice of any kind, and is the opinion of the author only. Seek professional advice before making any financial decision.

 
 

When I tell people that I am a property investor their response is often;

 

“Oh really, you must be a bit of a gambler… Bet you are hoping the market rises again soon?!”

 

When I hear this response time and time again, I have a little chuckle to myself.

 

In my opinion I could not be less of a gambler if I tried and I have strategies no matter what the market is doing, not simply being a speculator and waiting for it to increase. In all reality, my risk tolerance is very low and I have a number of exit strategies or Plan B, C and D’s for every trade property or buy and hold property I purchase.

 

For example, I just completed a trade in South...

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Investor Mistakes: Falling for snake oil salespeople - Developers, Educators, Agents

Falling for snake oil salespeople - Developers, Educators, Agents

By Phil

Disclaimer: Nothing is this article is meant to constitute financial advice of any kind, and is the opinion of the author only. Seek professional advice before making any financial decision.

 
 

Stuff-It-Up Strategy

 

I thought I had won Lotto.

 

Or at least the equivalent. I’m in my early 20’s, fired up from reading ‘Rich Dad, Poor Dad’ and listening to Tony Robbins tapes (yes, tapes folks, my early 20’s were a while ago) and attending my first ever property investment seminar.

 

The presenter was no dynamo at all, but the information was exactly what I was looking for. It was the ‘how’ to go along with the ‘why and what’ of Rich Dad, Poor Dad. Brilliant.

 

They outlined exactly how to purchase one of their specially selected ‘investment properties’, along with all of the capital growth projections, tax...

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Investor Mistakes: Not Knowing which expenses are deductible and how to maximise them

Not Knowing which expenses are deductible and how to maximise them

By Glynis Carter

Disclaimer: Nothing is this article is meant to constitute financial advice of any kind, and is the opinion of the author only. Seek professional advice before making any financial decision.

 
 

The tax rules around deductibility of expenses for rental investments can be quite gnarly and you do need to have a good knowledge of the tax legislation to make accurate assessments on these.

 

Making a mistake in this area can be costly and may cause you to upset your long-term holding strategy. Some expenditure can become “black hole expenditure” where it is neither deductible nor depreciable, which is definitely not the outcome that you want.

 

When you are calculating your rental investment profit/loss and cashflow needs, there are normal rental expenses that can be claimed such as described by Phil in his chapter on positive cashflow. However, some items affect...

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Investor Mistakes: Not understanding Counter-Cyclical Investment and FOMO/FONGO

Here's a big mistake property investors make: Not understanding Counter-Cyclical Investment and FOMO/FONGO

 

By Sally McCormack

 
 

 

 

When you are new to trading property, you and everyone around you is making good profits, you feel invincible!

 

This was how I felt leading into the biggest mistake I ever made in my property investing journey.

 

I started property investing in 2014 and in that first 12 months we were in a very hot Auckland market. Vendors were very realistic with selling their properties and first home buyers and investors loved to buy our renovated stock, which resulted in our sale prices increasing as well as our profits. It was like we couldn’t lose! A deal with $30,000 after GST profit would turn into $60,000 easily. It was no wonder that we didn’t see the signs of the market changing, we had dollar signs in front of our eyes.

 

In 2015 The Reserve Bank announced that in October of that year they would...

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Investor Mistakes: Negative Cashflow Property Investments

Here's a radical thought: An Investment should pay US, not us pay IT

Disclaimer: Nothing is this article is meant to constitute financial advice of any kind, and is the opinion of the author only. Seek professional advice before making any financial decision.

 
 

Stuff-It-Up Strategy

When you think about investing, do you get really excited at the thought that you can LOSE money every week?

Well, you are not alone. People have been doing this for years in New Zealand and thinking it’s a great idea.

They purchase a property and the rent does not cover the costs of owning it.

“Which costs?” you ask. Good question. Things like: Mortgage interest and principle repayments, Land rates, Water rates (in some cases), Body Corporate fees, Insurance, Property Management fees, and maintenance to name the most common ones.

An example of this type of property would be:

Purchase price: $700,000

Rent per annum: $30,000 ($600 per week x 50 weeks, allowing for two...

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Property Renovation Pics: Recent Project

Property Renovation Pics: Recent Project

 

Before // After of a recent renovation project in South Auckland. How is that for a transformation?!?

 
 
 
Before and After shots: What a transformation!
We love that we are able to improve properties and provide high-quality homes for home-buyers.
 

This renovation of a trade property has just been completed as a Joint Venture by two clients who met in the AssetLab Programme.

 

It is a great example of people with different attributes and resources teaming up and making property happen.

 

“You’re the average of the five people you spend the most time with” - Jim Rohn

 

If you want to grow your network and be apart of an amazing community, get in touch.

 
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$47,000 profit in their FIRST Property Trade deal in Auckland!

$47,000 profit in their FIRST Property Trade deal!

In this training video Brandon and Kiri (Assetlab clients) share the details of their first trade deal which put $47,000 in their pocket AFTER all costs and AFTER paying GST and Tax! 

 
 
 
** (This video is an excerpt from AssetLab's Masterclass 'Client Case Study' taken from Module 5 ) **

Click HERE to watch

 

How many of those would you need to do to make a substantial difference to your life? Any questions? Ask away on the Facebook Forum.

Now, learn how to make sure your flip isn’t a flop, and then get trading!

As mentioned in the video: Adam from Top Snap can be contacted at [email protected]

 
 

When you are ready, here’s how we can help you succeed:

 

Join our Facebook page for free training, updates, and chat.

 

Join us at an upcoming course or workshop. Subscribe to stay in the loop or check out our homepage: Events on...

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