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...
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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.
 
 
 
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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...
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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.”
...
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Article ‘Getting Into Line’ by Graeme Fowler

Article ‘Getting Into Line’ by Graeme Fowler written in 2004.
 
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.
 
“Get into a line that you will find to be a deep personal interest, something that you really enjoy spending 12 - 15 hours a day working at, and the rest of the time thinking about.” Earl Nightingale.
 
Above is one of the quotes I have used in my book. I think for the people starting out in real estate, in business, or any profession for that matter, it’s important to really understand this quote. Too many people are looking for a quick fix, or the one answer or idea that is going to be the secret to making them rich. While this can happen, it is rare and your chances of winning Lotto may be a better bet.
 
Think of it this way: – let’s say you’re...
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Building a Solid Foundation in Real Estate PART 1 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.
 
Building a Solid Foundation in Real Estate (2010).
 
With a large number of well known property investors in NZ going bankrupt, this may be a good time to take a look at your own property portfolio or investment strategies. Many of these investors were also promoters and charged thousands of dollars (at times tens of thousands) to mentor the unwary or naive beginning investor, and often charged for their investing seminars and related materials.
 
If they were so successful and could teach others how to invest and some even tell investors which way the market was going to go (up or down and by how much!) by using various indicators, why have most of these so called experts gone bankrupt themselves - or very close to it? A few of them in my opinion were always out...
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Article ‘What’s the Property Market Doing, and Should it Really Matter?’ by Graeme Fowler

Article ‘What’s the Property Market Doing, and Should it Really Matter?’ by Graeme Fowler written in March 2005.
 
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.
 
Perhaps the most common question I get asked as a property investor is ‘what do you think the market is going to do?’ I will usually answer with something like ‘I have no idea what will happen, and I really don’t care.’ A couple of months ago I was invited along to a free two hour seminar put on by one of the major banks on property investment. The guy that was speaking had one property himself which he was now selling as he thought it was a good time to sell. The rest of the time was spent going through a whole range of meaningless graphs, charts, facts and figures explaining to us all what he thought might...
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Article ‘Tempted by a Booming Market’? 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.
 
Article ‘Tempted by a Booming Market’? by Graeme Fowler written in 2004.
A few days ago, a man walked into my office wanting to talk about investing in New Zealand Real Estate. Apparently, he had just visited one of the real estate companies in town, and they had suggested he come and talk to me for some investment advice. This is how the conversation went:
 
Investor: I was told you might be able to help me with some projections.
 
Graeme: Okay, what sort of projections are you after?
 
Investor: On real estate prices over the next five years.
 
Graeme: I’m not sure what you mean by projections, can you explain please?
 
Investor: Well, I have a group of investors that have some money to invest, and we want to buy some...
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How To Have More Luck With Your Property Investing. 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.
 
People will often say to me, you were lucky that you got in at a good time when you started your investing, you couldn’t do that now. Or, it was lucky you found some good agents to help you find properties when you started, there’s too much competition from other investors now.
 
Roger Hamilton uses a word analogy with the word ‘Luck’, mostly with operating a business and comparing it to a game of soccer (football).
 
I’ve used it below in a similar way to show you how it works if you are a property investor and want to become luckier!
 
Location.
In the game of football, you may think someone like Christian Ronaldo or Lionel Messi is lucky in the way the ball is passed to them, and all they have to do is kick it past the...
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There’s no Such Thing As a Property Cycle 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.
 
Booms, busts, bottoms of a property cycle, tops of a property cycle, peaks, troughs, recoveries, property clocks, you’ve no doubt heard them all before.
 
Are they important to know?
 
Do you need to understand what they mean?
 
Will they help you make a decision if you want to buy, or sell a property?
 
Where in the property cycle should I buy?
 
Where in the property cycle should I sell?
 
How do I know what the ‘time’ is on the property clock?
 
Why are people so obsessed with all this jargon; needing to understanding it and always trying so hard to work out where in this hypothetical ‘cycle’ we are?
 
I think a lot of it comes from fear. Fear of the unknown, fear of making a...
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The Best Question I Can Remember Being Asked by an Investor 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.
 
Question...... Because it seems like such a fine balancing act between expanding the portfolio versus paying down debt, I am keen to understand your view on the following: If you were to start all over again, would you allocate any extra funds left over at Year End (say, over five years) towards deposits for the next property purchases, or would you use it to pay down principal? And if used for paying down debt, would there be a certain LVR% that you might target before you start expanding again? I think your cash-flow strategy aligns closely with my values and goals, so I'm interested to see how quickly a sensible portfolio could grow.
........................................................................
Answer ......
Out of all the questions anyone has ever asked me in the...
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