Property Investor Mistakes: Getting the all-important Tax and Accounting Issues wrong

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.
 
Investor mistakes: Getting the all-important Tax and Accounting Issues wrong
 
 
Our current government is intent on kowtowing to the masses and ensuring that the “greedy and capital driven” rental investors “who make money from doing nothing but holding property”, are no longer able to make quick capital gains or deduct rental losses, and have put in place the following changes:
 
Brightline Test
This initially meant that if you bought and sold a property within two years which wasn’t your family home then you paid tax on any gains, this has now extended to five years.
Our feeling on this is that most rental investors are in it for the long term anyway, if they do make a profit within a two- or five-year...
Continue Reading...

Investor Mistakes: Making decisions with our heart and not our head.

 
Becoming Emotional
 
Making decisions with our heart and not our head. We’ve probably all been guilty of this at some stage in our lives. Becoming emotionally attached to something that leads us to start acting in such a way can cost us in many ways and it’s no different when it comes to a property transaction.
 
For most of us, a property transaction is likely to be the biggest one we will undertake in our lives. For some of us we may only do this once. For others, particularly those of us that are looking to grow a portfolio and or trade properties, we may do this many times over. If we are making decisions purely based on emotion, rather than logic, this could quickly begin costing us tens, if not hundreds, of thousands of dollars.
 
We once met a client in our early days of selling real estate. She had been to a property seminar and thought that investing in or trading property was a good idea. She was ‘cashed...
Continue Reading...

Property Investor Mistakes: Not knowing how to negotiate

Not knowing how to negotiate can cost you thousands!
 
The art of negotiation in Property Investing is key. You may have been told that a great investment is all in the purchase and this couldn’t be truer.
I myself was an awful negotiator when I first started property investing. Rather than having that awkward conversation with an agent about how my offer would be $80,000 below the asking price on a property, I would just walk away from it. I would often find out that eventually it would sell close to what I would have offered. The problem with walking away is that I missed my opportunity to help condition the vendor or to find out where they truly sit. Also had I offered, then the agent would have thought of contacting me when the vendors started to become realistic. I may have then had another opportunity to try and secure the deal.
 
Not only have I made mistakes with not knowing how to negotiate I have also witnessed them. Through...
Continue Reading...

Fundamentals of Property Finance for Successful Investment

In this video David Windler (Mortgage Broker of the Year and top NZ broker) talks you through the basics of investment finance, which will get your mortgage learning off to the right start.
 
 
Any questions? Ask away on the Facebook Forum.
 
Important Update: When we recorded this the bank deposit requirement for investment property was 35% (65% LVR). It’s now 30% deposit (70% LVR). The principles still work, just the math is different.
 
You can (and definitely should) contact Dave and his team here: Mortgage Supply Company
Enjoy!
 
 
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...
Continue Reading...

Why We Love Property Investment

There are a stack of reasons why we, at AssetLab, love property as an investment vehicle so much!
 
In this video training Phil covers our Top 10. 
 
 
Any questions? Ask away on the Facebook Forum.
Enjoy!
Arn, Phil, Sally, James and Janine.
 
 
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 selection of programs and coaching options.
 
Check out the incredible value in the Assetlab Masterclass HERE
Continue Reading...

Your FREE Book! 20 Ways To Screw Up Property Investment

Uncategorized Oct 10, 2019
There are two important aspects to cover when we’re educating ourselves to be successful property investors or traders; What TO do and what NOT to do!
What NOT to do is often the most important bit when getting started since one mistake can cost many thousands of dollars, damage our confidence, and possibly stop us from investing at all.
 
 
This book, written by people who have made many mistakes over decades, and multiple property cycles, using various strategies, will help you to hack the process and ‘cheat experience’ by learning from OTHER people’s mistakes so you can avoid them yourself. We point out what NOT to do, and also give you the solution so you can focus on the best outcome. 
 
 
 
It’s yours as a gift. Just a little way of saying ‘thank you’ for being a part of our AssetLab community. 
Enjoy!
Sally, James,...
Continue Reading...

Cashflow is King And Queen of property investment

"Cashflow is King And Queen of property investment"
 
Here are our Saturday-Super-Legends (TM) visiting potential and current property deals today, discussing the market and opportunities, sharing ideas and having plenty of laughs.
 
 
Today we worked on/visited:
 
- Potential deals at the early stages of the process
- A current trade deal which has just gone unconditional with $33,000 profit after all costs (except tax)
- Another trade deal underway with around $35,000 profit
- ANOTHER trade deal mid-way through renovation with multiple potential deal angles with around $30,000 profit
- A current development property (trade deal), simple '1 into 2' which will create approximately $250,000 net equity
- Another property, with renovation now finished where we learned the value of not taking 'no' for an answer and the power of relationships, which resulted in an additional $30,000 profit in under 30 minutes, above what would have already been...
Continue Reading...

Buying Rules for Trading Property (Flipping) in New Zealand

Why do we trade (buy, renovate, and sell) property?
 
Two main reasons:
 
1) To create lump sums of cash to use as deposits for investment property purchases
2) To replace your income from your J.O.B (Just Over Broke) if you decide to trade full-time
 
Sally and James are full-time traders and renovators who have been involved in literally hundreds of transactions. In this video training they share why Buying Rules are important and how they have applied their own criteria when purchasing trade properties. 
 
 
** (This video is an excerpt from AssetLab's Masterclass 'Buying Rules for Trading' taken from Module 4 ) **
 
 
If you think trading is something you would like to explore get in touch with us to chat about how our programs can help and how you can work directly with Sally and James and the rest of the Assetlab team.
See you soon!
Sally, James, Arn & Phil and the whole...
Continue Reading...

Building a Solid Foundation in Real Estate PART 2 by Graeme Fowler

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.
 
 
 
Want to add a caption to this image? Click the Settings icon.
 
Building a Solid Foundation in Real Estate (Part 2, 2015).
 
The first article I did on building a foundation was an outline of why it’s so important if you are serious about your investing, and want it to be one of if not your main source of wealth and income long term. If property investing is more of a hobby than a passion, then it is not so important.
 
So if you are wanting to be more actively involved and reliant on property investing for an income in the future, here are some things that will make your overall foundation stronger and also some things that will make your foundation weaker.
 
All these will make it stronger.
 
1) Buying any...
Continue Reading...

Article ‘Who Benefits’ by Graeme Fowler

Uncategorized Oct 10, 2019
Article ‘Who Benefits’ by Graeme Fowler written in 2002.
 
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.
 
Both of the quotes below are from a couple of newspapers during the week.
 
“Real Estate Institute president Graeme Woodley said people should buy now because prices were not going to fall. All indicators pointed toward the continuing strength of the market, with continued positive migration, a healthy economy and low unemployment.”
 
And this one: –
"Such a rapid rate of building in the face of slowing demand is a recipe for an oversupplied housing market and, consequently, falling house prices. While house prices are likely to climb further over the next six months, Infometrics predicts that property values will begin to fall before the end of this year.”
...
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.