LVR Rules & Policy Changes: How Will it Effect Kiwi Home Buyers?

Original article HERE from our partners at Mortgage Supply Company

loan-to-value-ration-restrictions-removed-nz

You may have noticed in the media a lot of noise lately around the LVR restrictions being removed completely by the Reserve Bank of New Zealand until 1st May 2021, due to the economic fallout from COVID-19. There's a good reason for the media buzz too - this change marks the end of nearly 7 years worth of LVR restrictions, and has the potential to make home-buyers lives a lot easier when it comes to taking out a bank home loan.

However, there's a lot more to the whole picture than a free-for-all of lending for the next 12 months. Just because banks can lend without restriction doesn't mean they will, and taking out a loan with a low deposit still goes hand-in-hand with a significant amount of risk if not properly planned.

We've put together this blog to hopefully clear up any frequently asks questions around the removal of LVR restrictions, and explain what it really means for Kiwi home...

Continue Reading...

FREE VIDEO: The Power of Knowledge for Property Investment Success

Check out AssetLab coaches Arn and Sally on 'The Expert Series'. It contains some beautiful pearls of wisdom that might spark something in you, inspire you to create an action plan sooner rather than later for your financial freedom. 

Enjoy!

 

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...

The '3 R's' of Property Success!

Location, Location, Location? Is that it?

Nope.

Here's Assetlab Director, Arn Mehta, breaking down the '3 R's'...

CLICK HERE TO WATCH THE 2-Minute Video

What do you think?

 

 

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...

Marketing buying and selling in a Covid world: Steve Goodey

Original Article here: https://www.stevegoodey.com/marketing-buying-and-selling-in-a-covid-world/

Today I was lucky enough to have Shane Brockelbank from Professionals Real Estate on a Facebook live talking to me about how to market, buy and sell in the Covid-19 world.

I have great respect for Shane’s skills as a negotiator and agent and his insights at this stage are very timely.

https://www.facebook.com/SteveGoodeyPropertyCoach/videos/232596711281057/

 

 

Continue Reading...

Investor Mistakes: Not Knowing which expenses are deductible and how to maximise them

Not Knowing which expenses are deductible and how to maximise them

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.

 
 

The tax rules around deductibility of expenses for rental investments can be quite gnarly and you do need to have a good knowledge of the tax legislation to make accurate assessments on these.

 

Making a mistake in this area can be costly and may cause you to upset your long-term holding strategy. Some expenditure can become “black hole expenditure” where it is neither deductible nor depreciable, which is definitely not the outcome that you want.

 

When you are calculating your rental investment profit/loss and cashflow needs, there are normal rental expenses that can be claimed such as described by Phil in his chapter on positive cashflow. However, some items affect...

Continue Reading...

Investor Mistakes: Not understanding Counter-Cyclical Investment and FOMO/FONGO

Here's a big mistake property investors make: Not understanding Counter-Cyclical Investment and FOMO/FONGO

 

By Sally McCormack

 
 

 

 

When you are new to trading property, you and everyone around you is making good profits, you feel invincible!

 

This was how I felt leading into the biggest mistake I ever made in my property investing journey.

 

I started property investing in 2014 and in that first 12 months we were in a very hot Auckland market. Vendors were very realistic with selling their properties and first home buyers and investors loved to buy our renovated stock, which resulted in our sale prices increasing as well as our profits. It was like we couldn’t lose! A deal with $30,000 after GST profit would turn into $60,000 easily. It was no wonder that we didn’t see the signs of the market changing, we had dollar signs in front of our eyes.

 

In 2015 The Reserve Bank announced that in October of that year they would...

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...
Close

50% Complete

Two Step

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