Property Renovation Tips and Traps

Everyone makes mistakes!  Learn from the mistakes that Sally and James have made in a career completing hundreds of renovations, as well as the ones they see out in the field on a regular basis.
 
Why? So you can avoid them!
 
 
** (This video is an excerpt from AssetLab's Masterclass 'Renovation Tips & Traps' taken from Module 5 ) **
 
 
There is substantial value in knowing what can go wrong so that you can steer away from it. After all, 'we don't know what we don't know'. This training video is designed to bring you in to 'the know'. 
 
Any questions? Ask away on the Facebook Forum.
 
Now, go and create some equity through renovations!
 
 
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...
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7.1% Gross Yield and $80,000 instant equity in Auckland

7.1% Gross Yield and $80,000 instant equity in Auckland!

 
 
 This property was bought by one of our clients as a long-term rental property.

Here's a video with the details.

It is a Home & Income (Yes, it is BOTH of the houses you see beside each other!) in a reasonable area of South Auckland.

This property has a 7.1% gross yield and 6.2% net yield. This means it is positive cashflow and pays our client to own it!

Oh, and he also created $80,000 of instant equity in the purchase as well.

This was bought last year and is one of the best yields we have seen recently. These are NOT easy to find, but they are out there, and in this current market the strategy is to CREATE the yield.

That is property investment done right!

These deals are out there. It is just a matter of know what to looks for, how to look for them, and where to focus.

If you want to learn how we can help you, get in touch!

 
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Investor Mistakes: Too Big, Too soon

Investor Mistakes: Too Big, Too soon

By Arn Mehta

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 isn’t always going to be ‘plain sailing’. It is hard work and it takes time particularly with a long term buy and hold strategy. And therein lay the problem. To me it was all about instant gratification. Patience was not one of my strong points and I felt there has got to be a faster way to financial freedom.

 
 

Let me share with you the “deal of the century”. The year was 2003 and I was only two years into my property investment journey. Because I had bought a few properties, I was starting to think I was 10 foot tall and bulletproof. The timing was perfect for an agent I knew well to say to me;

 
“Arn, I’ve got the deal of the century for...
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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...

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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...

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$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...

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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
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$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!
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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...
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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

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