Property Academy Podcast

How long will interest rates stay low?
 
Check out this excellent explanation by the team at OPES Partners on their latest podcast episode. They break down the recent announcement from Adrian Orr, which went mostly unreported, but has some significant clues in it.
 
Well worth the listen. CLICK HERE FOR ALL OF GOOD STUFF
 
And this podcast is a brilliant resource in general, if you are not subscribed go and jump on it!
 
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Suburb update: Otara, Manukau, Papatoetoe, Otahuhu

๐Ÿ”ฅHot off the press! ๐Ÿ”ฅ
 
Suburb update for those of you interested in Otara, Manukau, Papatoetoe, Otahuhu, from the awesome Levani Lum-On!
 
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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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Property Investor Mistakes: Overcapitalizing on your renovation project

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 Mistakes: Overcapitalizing on your renovation project
 
One of the biggest mistakes I see investors make is overcapitalizing when renovating properties, both trading and within their buy-and-hold portfolio.
 
And yes, I am guilty of falling into this trap over the years as well.
 
It is funny because everyone is so objective when it is not their property, however, the minute they have ‘skin in the game’ the emotional attachment seems to set in. Suddenly, the matter-of-fact demeanour of sticking to the budget can morph into a splurge here and a splurge there when it is their own property.
 
It is not so much the extra $20 for a light shade that matters, but when you add up 10 of those throughout...
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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...
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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 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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Whatโ€™s The Real Estate Market Doing!!!!???? 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.
 
If you’ve ever played the board game Cashflow 101 or 202, you will know that in order to win the game, the first thing you need to do is get out of the ‘rat race’.
 
The ‘rat race’ in the game is a circle where you keep going around and around and around until you are able to get out onto the ‘fast track’. This is where the game suddenly gets fast, exciting and a lot more money is made, but first you need to escape the ‘rat race’.
 
How do you get out of the ‘rat race’? You do so by getting to the point where your monthly cashflow without your job (passive income) is greater than your monthly expenses. There are a several ways inside the game to be able to do this, buying investment property is one of...
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The Pitfalls and Stress of Goal Setting/ Planning by Graeme Fowler

How many times have you been told you need to set goals and plan for your future?
 
One of the most common methods of goal-setting is the SMART goals – Specific, Measurable, Achievable, Realistic and Time based, i.e. the goals are to be achieved in a certain time-frame. Brian Tracy was another one that had all these specific ways and methods he would teach that would help people achieve their goals.
 
For me, I used to be very focused on goals, working hard to achieve them, and then setting new goals. One overseas seminar I did over 10 years ago was 3 days just on goal-setting and cost over $10,000 to attend. During the next year or two I did achieve the goals I had set at the time, however I started thinking – why wasn’t I happy when I achieved a goal, or if I was – why was it so short-lived? The answer I thought was to either set a new bigger goal or do it in a faster time. I remember being at the course and one of the goals was to own...
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Mindset by Graeme Fowler

Mindset
 
What do you think would be the biggest blocks to someone’s success in real estate investing?
 
 
Some may say their lack of experience, or funding issues, possibly not having enough agents to find them good properties, and others may say it’s the market itself - not doing what they want it to. All sorts of reasons as to what’s stopping them from getting what they want.
 
These all sound like they could be valid reasons they believe are holding them back, but personally I think it all comes down to just one thing – their own mindset.
 
I believe someone’s mindset and beliefs about certain things will either help them succeed, or prevent them from succeeding. When you have your mind set in a way that helps you rather than hinders you, everything seems to flow easily and effortlessly.
 
To give you an example of how this works, think of all the radio stations in Hawkes Bay that are now playing in the...
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