The most dangerous words we’re hearing out there…

If you’ve been with us a while, you have heard us say this before, but right now, today, it is worth repeating;

“When markets are booming, people think they’ll boom forever. And when markets are slumping, people think they’ll slump forever.”

Neither is true of course as history proves over and over.

Right now, we are in the euphoria stage. What we are seeing every day in the market is more than a ‘boom’…It’s mania out there. There are multitude reasons for this as we know, but one constant we keep hearing:

“’This time it’s different.”

Those words…Prevalent in any boom, are some of the most dangerous words an investor can ever mutter, or believe.


These words are rationalisation. And rationalisation is one of the signs of denial.

Denial of what? The inevitable outcome of all of this, which is that one day, sooner or later, the music WILL stop.

The difference between us, and many commentators out...

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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
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Property Values 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.
 
There are many different ways people use to determine what they think a property may be worth.
 
Here are some of them below:-
 
Purchase Price
 
RV, CV or GV
 
E-Value
 
Registered Valuation
 
Market Value
 
Looking at each of them, we can understand a little better what each is used for.
 
1) Purchase Price – this is the price you pay for a property when buying, and it may actually be worth more, or less, than what you are paying for it.
Sometimes you may be in a multi-offer situation where you end up paying more than you originally intended to, or because you really like the property. Other times, it may be in need of work, or the owner wants to sell it quickly, so you may buy it for less than what it...
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$32,000 profit on first ever Auckland property trade/flip ($385,000 purchase!)

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...
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