Case Study: A Juicy Property Joint Venture.

There is nothing like seeing the theory put in to practice!

 
 
 
** (This video is an excerpt from AssetLab's Masterclass 'Case Study No.1' taken from Module 4 ) **
 

In this session Sally and James share the details of a trade which involved: 

- Purchasing from another Trader (gasp!)

- Working with a Joint Venture partner,

- Completing a full renovation in 4.5 weeks

Ooh, by the way, every investor needs a good accountant who understands property investment! We recommend Glynis Carter at Monteck Carter, she is our own accountant and is brilliant. Assetlab community get a very special deal so let Glynis know you are from Assetlab. You can contact Glynis HERE.

Any questions? Ask away on the Facebook Forum.

 

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...

Continue Reading...

Investor Mistakes: Structuring the purchase of your rental properties the wrong way

Structuring the purchase of your rental properties the wrong way

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.

Understandably when you purchase your first rental property you are trying to save as many administration costs as you can and reduce any unnecessary outlay.

Often when doing this you forget to look at the long-term strategy.

Long term strategy for purchasing rental investment properties is one that leads to more than one property purchase and often several.

Having the correct structure in place when you start is not only sensible but in the long run can save you money.

The costs for putting this in place are worth the end result.

Let’s take a look at the four possible structures you may have heard of:

1. Purchasing a property in your own name. (Sole Trader)

2. Purchasing a property in your own and another...

Continue Reading...

$49,761 Profit (pre-tax) on first Property trade/flip in Auckland

$49,761 Profit (pre-tax)!

This is the profit Callum just made on his first deal following our training. Check out the pics below!

How many of these would it take to really make a difference in your life?

Our team are doing them right now. If you want to learn how to do it, we would love to show you!

If you are a numbers person, here's the full picture:

All figures are GST exclusive for full transparency:

Purchase price: $517,391 ($595,000 Incl GST) Renovation: $44,000 Holding Costs: $20,000 Lawyer: $3500 (purchase and sale) Incidentals (Rates, Water, Insurance): $1000 Real Estate Agent: $20, 869 TOTAL COSTS: $89,369

Sale Price: $656,522 ($755,000 Incl GST)

$49,761 Profit (pre-tax)!

 
 
Kitchen BEFORE renovation
 
 
 
Kitchen AFTER renovation
 
 
 
Lounge BEFORE renovation
 
 
 
Lounge AFTER renovation
 

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

1) Join our Facebook page for free...

Continue Reading...

Positive Cashlflow: What is it and why is it so important?

Assetlab adage: “Property Investments should pay you, not the other way around”
 
Bizarre concept huh?
 
 
** (This video is an excerpt from AssetLab's Masterclass 'Positive Cashflow' taken from Module 1 ) **
 
In this training video Phil defines 'Positive Cashflow' and explains WHY it's important and how to calculate it.
Any questions? Ask away on the Facebook Forum.
Now go and create some passive cashflow!
 
 
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 our Homepage.
 
Get in touch for a chat about how we can help you with our selections of programs and coaching options.
 
Check out the incredible value in the Assetlab Masterclass HERE
Continue Reading...

$5,500 for a full kitchen including installation for a Property renovation?

Before // After pic of an AssetLab client's recent deal!
 
 
 
$5500 for this amazing kitchen including installation!
 
 
Hot off the press! This property was completely transformed into a lovely home for someone, and made a great profit for our client.
 
Fun fact: This kitchen with engineered stone bench-top, high gloss cabinetry and soft close doors only cost $5,500 supplied and installed.
 
Learn how to renovate property to high standards, quickly, with great profits, and save a fortune vs what others would spend! Join us at Trading Places on the 19th October by Clicking HERE!
Continue Reading...

Investor Mistakes: Treating it as a hobby, not a business

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.
 
Property Investment is a business, not a hobby.
 
Or so I thought.
 
With property, we are dealing with big numbers and although I knew it was a business, in reality I never really treated it as such. As a result, in the early years I only got the results one would expect you would get by treating it as a hobby.
 
In my naïve way of thinking, getting a tax refund at the end of the financial year was a great thing. I remember being ecstatic that in some years my tax rate was in effect 0%. That meant that all the tax I had paid through the year was refunded to me. Why? Because I had a huge amount of losses to offset against my personal income. My properties were making a huge loss year on year and I was excited.
 
However, if we...
Continue Reading...

INTERVIEW: GRAEME FOWLER & KATRINA LUKIES. New Zealand Property Investors and Traders

This is a unique opportunity to learn from the best! Come and join Phil Thompson from AssetLab as he has a no holds barred conversation with powerhouse property investors and game changers Greame Fowler and Katrina Lukies.

 

CLICK HERE TO LISTEN TO THE FULL INTERVIEW

 

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

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

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

3) Get in touch for a chat about how we can help you with our selection of programs and coaching options.

4) Check out the incredible value in the Assetlab Masterclass HERE

Continue Reading...

KEEPING YOUR HEAD IN THE GAME: Property Investment Success

What does mindset and personal development have to do with property investment and wealth creation?
 
Well…Everything.
 
AssetLab’s philosophy is to “Work harder on the INVESTOR than on the INVESTMENT”
 
Now I hear some people saying “Nope. We’re Kiwi’s. We don’t like flowery stuff mate; just give us the nuts and bolts and we’ll be ‘right”
 
If only that were true. It does seem that way on the face of it of course but the reality is far from it.
 
Let’s face it, most of the Property Education principles taught in NZ are not new. Most of the information can be found if you look hard enough; Books, Forums, Investor Associations, Good ol’ Google, it’s all out there. A lot of it for free.
 
AssetLab are in the business of Wealth Education so it may seem like we’re bias towards it. And you are right, we are.
 
But we encourage free...
Continue Reading...

Meet the Assetlab Team

We would LOVE to hear from you! We love to talk about property and help you with your property challenges and goals. It’s what we do (and we’re really good at it. Whew!)
 
Breathe easy, we don’t hold ourselves out to be Guru’s, Super-Stars, Masters-Of-The-Property-Universe, or anything other than who we are. Our expertise is in property and helping people achieve success in property but we are a team of normal Kiwi’s who love to help.
 
 
Stay on touch with ALL of the team and get lots of free training by joining our Facebook community HERE.
 
Here we are (mug-shots and all):
 
Sally
Sally is one of Assetlab’s awesome property coaches and along with James is one of the team’s trading and renovation experts. She is a highly experienced property trader and has traded and/or renovated over 100 properties. She also has a growing rental portfolio of positive cashflow properties, and is an absolute...
Continue Reading...

Property Investor Mistakes: Overcapitalizing on your renovation project

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.
 
Property Investment Mistakes: Overcapitalizing on your renovation project
 
One of the biggest mistakes I see investors make is overcapitalizing when renovating properties, both trading and within their buy-and-hold portfolio.
 
And yes, I am guilty of falling into this trap over the years as well.
 
It is funny because everyone is so objective when it is not their property, however, the minute they have ‘skin in the game’ the emotional attachment seems to set in. Suddenly, the matter-of-fact demeanour of sticking to the budget can morph into a splurge here and a splurge there when it is their own property.
 
It is not so much the extra $20 for a light shade that matters, but when you add up 10 of those throughout...
Continue Reading...
1 2 3 4 5 6 7 8 9
Close

50% Complete

Two Step

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.