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.
Original Article HERE: https://www.stevegoodey.com/getting-access-to-money-in-the-era-of-covid-19/
It sure looks like there’s going to be some changes in the property market in the next few weeks and months.
Interest rates are round 3% and looking to stay there for at least a year, the restrictions on loan to value ratios are being removed and banks have been told they can relax their lending criteria from the reserve bank.
Add to that consumer confidence levels, unemployment rates and tourism numbers at zero and you can see a lot of uncertainty and equal amounts of opportunity.
I plan to start exploring this and getting my “Ducks in a row”, first thing I need to do is get some funding so I called my mate Dave Windler to see if we can make any sense of it all.
Here's a radical thought: An Investment should pay US, not us pay IT
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.
When you think about investing, do you get really excited at the thought that you can LOSE money every week?
Well, you are not alone. People have been doing this for years in New Zealand and thinking it’s a great idea.
They purchase a property and the rent does not cover the costs of owning it.
“Which costs?” you ask. Good question. Things like: Mortgage interest and principle repayments, Land rates, Water rates (in some cases), Body Corporate fees, Insurance, Property Management fees, and maintenance to name the most common ones.
An example of this type of property would be:
Purchase price: $700,000
Rent per annum: $30,000 ($600 per week x 50 weeks, allowing for two...