In this training video Arn shares the valuable resources which provide a stack of information to help you source the right properties!
Important Resources and Tools for Property Investment in NZ
Oct 10, 2019
** (This video is an excerpt from AssetLab's Masterclass 'Important Resources and Tools' taken from Module 3 ) **
If you want to hack the learning process and get EVERYTHING in one place for a fraction of the normal cost of programs, check out the AssetLab's Masterclass HERE. It is a game changer.
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Now, onward into the property world!
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Investor Mistakes: If I can find my own properties, I can do my own mortgages!
Oct 10, 2019
If I can find my own properties, I can do my own mortgages!
By Dave Windler
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:
It all started when you went direct to your bank for your first home loan. You bank with the Red Bank so you go see the Red Bank, and the Red Bank gives you a Red Bank mortgage, based on their calculations on how much you could borrow at rates that they are currently offering.
The Blue Bank might have been able to lend you more, the Yellow Bank might have been able to give you a better rate, but Your Bank is Your Bank and of course having banked with them for years they will look after you. Red Bank all the way!
After a while, your incomes go up a bit, and the equity in your home increases and you decide to take that first step into property investing. Time to...
$32,000 profit on first ever Auckland property trade/flip ($385,000 purchase!)
Oct 10, 2019
Disclaimer: Nothing in 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.
$32,000 Gross Profit on a $385,000 purchase (yes, in Auckland, and yes...Three bedrooms in a decent area).
Are you a numbers person or a pictures person?
Well, here's both.
Check out the awesome transformation in the photos for this trade in Manurewa.
First, check out the numbers (all numbers GST exclusive):
Purchase Price: $334,783 ($385,000 incl GST)
Sale Price: $434,783 ($500,000 incl GST)
Renovation Costs: $33,000
Holding Costs: $10,500 Solicitor Costs (x 2 total): $3500 Rates, Insurance,
Other: $1000 Agent Fee: $20,000
Total Costs: $68,000
Profit (after GST is paid but before tax is paid): $32,000
Not bad for a first-time trade aye!
Outside of property...
