Finance Update from David Windler at Mortgage Supply Company

Check out the legendary David Windler giving a market update in this ever-changing finance environment! 

Here's all the good oil. 

 

When you are ready, here’s how we can help you succeed:

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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...

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Battle of the Banks: Insight into NZ's Current Interest Rate Wars: Mortgage Supply Co

Original article Here

bank-wars-interest-rates

In reaction to the speculation that the official cash rate and OCR may drop below zero in the months to come and the bid to win the business of Kiwi home buyers as the country recovers from COVID-19, we've seen the banks enter what looks like an interest rate war.

In fact, just last week ASB made the move to offer a record-breaking low two-year fixed rate of 2.69%, and Kiwi Bank responded to the forecast change by offering a one-year rate of 2.65%. These rates have literally never been seen before, even considering back in '08 after the GFC when interest rates plummeted by around 3% (from 8.6% to 5.9% fixed) the competitive and reactive environment we're witnessing now is utterly unprecedented.

So what's the reasoning behind the extremely low interest rates and New Zealand Bank wars? Well, ASB executive manager of retail banking, Craig Sims, stated;

"This has been a difficult time for a lot of our customers. While we have put in place a number of support...
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How I made my first million: Investment coach says being rich is within most people's reach

ORIGINAL ARTICLE HERE

Stuff's series How I Made My First Million talks to millionaires about how they got there. This week, it's property investor and coach Steve Goodey.

How did you make your first $1m, how old were you?

Looking back it would have been in my mid-30s.

I started buying houses to keep them as rentals in my early-20s, well before I'd bought a house to live in myself. I think the first house I bought to live in myself was my fourth property purchased.

I sold that first owner-occupier home to buy the second, which I still own and I'm currently living in my third home.

In the last 20 years I think I've bought and sold, traded, or renovated about 3000 houses, some for myself but most for clients whom I've coached.

You never really wake up one day and say "Oh wow I'm a millionaire" it's more likely you do a lending application that asks you for your assets and liabilities and the number under the heading "Total Assets"  has the second comma in it for the first time.

...

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Case Study: A Juicy Property Investment Joint Venture.

In this session Sally and James share the details of a trade which involved: 

  • Purchasing from another Trader (gasp!)
  • Working with a Joint Venture partner, and
  • Completing a full renovation in 4.5 weeks

Watch it for free (because we love you) HERE: 

 

Ooh, by the way, every investor needs a good accountant who understands property investment! We recommend Glynis Carter at Monteck Carter, she is our own accountant and is brilliant. Assetlab community get a very special deal so let Glynis know you are from Assetlab.

You can contact her HERE.

Any questions? Ask away on the Facebook Forum.

Now are you excited to get out there and start investing...

 

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...

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Arn's property deal of the century! How to lose $100k+!

This goes to show 'Experience is the best teacher'. Except for a teacher who has the experience...Like Arn Mehta, one of Assetlab's coaches and directors. 

Property investment in New Zealand isn't all sunshine and rainbows. Check out the valuable lessons here (it could save you $100,000). 

 

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

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Sally's latest Property Investment project

Hear what Assetlab coach, Sally (one of our resident property trading and renovation legends), is up to on one of her latest projects in her own backyard!

Check it out by CLICKING HERE

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

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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...

LVR restrictions are gone – what it means to you: Steve Goodey

Original article here: https://www.stevegoodey.com/lvr-restrictions-are-gone-what-it-means-to-you/

Every commentary at the moment, is talking about the Reserve Bank getting rid of the Loan to Value Ratio restrictions.

People are saying it is a good thing for the market, but nobody has yet to explain why.

What does this mean for the investor and for the market as a whole? Is this move enough to “save” the property market from the impending recession?

 

So I grabbed some paper and tried to map out how it would actually pan out for the average property investor with a home plus two rentals. I discovered some interesting results.

I’d appreciate hearing what impact you think this will have – so post something back on Facebook and tell me how you see this going down.

  • Full credit to my cameraman/eldest son for the steady camera work.
 

 

 

 
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Investor Mistakes: Not understanding your 'WHY?'

Investor Mistakes: Not understanding your 'WHY?'

 

By Arn Mehta

 
 
 

When starting your Property Investment journey, it is so important to understand your end goal, or at least have some sort of strategy, as to what the end goal might look like.

 

Your ‘WHY’ might change over the years and that’s okay, life throws a lot of changes and challenges, but what is so important is to at least know why you are getting into Property Investment to start with.

 

In the beginning of my Property Investment journey, my ‘why’ probably wasn’t strong enough. The aim of ‘get wealthy’, and because a few books suggest Property Investment is a good idea doesn’t really cut it. Some of my mentors owned substantial portfolios (20+ properties at the time) and so I thought that’s what I want to do. By the time I had bought a couple of properties, some of my friends and peers had grown theirs even...

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