PROPERTY UPDATE BY DEAN LETFUS

I have met this week with various bank execs and insolvency specialists and the tide is definitely going out on a lot of small businesses currently.  In fact I think it is quite sad the way the media are clinging to any positive outlook evidence and saying things are improving when they could be a voice to say “Hey things are actually really bad, what can we all do?”.

Of course this creates opportunity for investors to provide a buyer for those people needing to exit their properties.  There is without doubt a significant increase in cashed up buyers and investors entering the market. I was listening to a leading commercial agent yesterday who said there were a number of private funds appearing in Auckland looking to lend money on good deals as well.

So as I suspected the real players are now entering town indicating the the bottom of the real recession is probably between now and the end of the year.

What does this mean for property?? Well great deals for at least another 12 months with total confusion in the media as they try to be positive whilst all the data is negative.

I also think we may see a big spike in negativity after the budget.  And assuming the government does what it is hinting at here is a bold prediction.  On the basis that when Ireland did the same thing the results were catastrophic I predict that if the budget goes after investors and depreciation etc. we will either see the legislation repealed OR tax incentives being offered to investors in residential property within 2 years.

The chronic housing shortage that is going to be created is going to have John Key singing castrato and they will have no choice but to do a u turn.  GST increases will damage lower paid families and those same families will face rent increases of 10 to 20%.  It just won’t work unless we close the ports and airports to prevent immigration and neuter everybody to stop child birth.

FINANCE UPDATE BY KRIS PEDERSEN

Well Kris is actually so busy processing finance deals for his clients that I couldn’t get him away from his paperwork for an update today.  I managed to take a photo of him

So here’s a finance tip.

To get the best results in property you need great partners. Kris has been my broker now for 3 years and he is frankly incredible.  He works for you like it was his own deals and it is not uncommon to see emails sent from him to me at 3 and 4 AM.

And his background in retail finance and having worked under some of the best brains in NZ means he can help you find answers when most would give up.

So do yourself a favour, use the best broker in New Zealand!!

Come and hear him speak HERE

or contact him kris@propertyfs.co.nz

MINDSET SCIENCE BY DEAN LETFUS

My apologies to you who read my daily blog but I had such a huge response to my blog on taking control I thought I would include it here with some additional comments:

I was talking to a mentoring group for one of my “competitors” today and was again surprised at the response I get to certain things.  I don’t mean this to be negative or condescending but I seem to so often have people looking wide eyed or inhaling their breath over things that I now consider “normal”.

I guess I am fully convinced that property investing as a business is not rocket science. it’s not particularly difficult and there is not that much “new” stuff you can learn really.

So what does separate someone who gets a result, (the minority), from those who don’t, (the vast majority)?

I believe it is a number of things but front and centre is that most people either don’t know how to or are unwilling to do what it takes to get control of their lives.

Shifting your internal culture isn’t easy. Everything within you will fight it, but it is the only path to lasting change.

The things you currently dream about must be moved to reality in the following order:

Dreams  >  Possibilities  >  Probabilities  >  Reality

And where do we all mostly get stuck??  Between the first and second progressions.

Taking control of your love life, your financial future,  your job or whatever is dependent on believing that it is possible.  And that can be huge. In fact whole industries, dreams and vision boards, visualising are ALL built around trying to facilitate getting you from dreams to possibilities.  If you think about that and the amount of events and companies who invest in this area you will start to see this is “the biggie”. Once you conquer this the rest is a walk in the park.

So if you want the results eventually you must commit to making it a possibility now!

This doesn’t mean that you have to have a pathway to it all at once, it is much more a heart issue than that.   You see you are capable of anything, absolutely anything.  Some things may be nearly impossible.  Me winning a beauty contest would be a challenge for example.  But put the silly stuff aside, you believe it you can do it.

You want to make 100 million dollars a year? Believe it is possible and you can do it.

Want to have the best marriage in the world? Starts with your beliefs.

The Bible teaches us that “As a man thinks in his HEART, so he is”.

Once you decide something is possible you are beginning to accept responsibility and take control for it happening.  As soon as you do that God you activate a principle that allows supernatural wisdom and help to begin to flow to you and through you.  Unfortunately most of us would say: “Show me how it could be possible and then I will believe it is possible”.  Well sadly the universe isn’t wired that way.

I’m deadly serious about this. For many of us our commitment to mediocrity and failure is killing us while we sit there waiting for someone to show us how to unlock a door we already have the key for.

So what lies are you going to tell yourself today. How many things will “never” happen to you because of (fill in the blank)?

Do me a big favour and the next time you catch yourself thinking or saying anything like this, stop and say in a loud voice;

“I am telling myself a load of total $^#!$^!($(.  I am making this lie true and sabotaging my own life.  The truth is I can have whatever I want if i choose to have it. So today I choose start believing that I can/not have it.

NZ PROPERTY GURUS

It’s awesome to see over 600 of you booked already for my new events, you guys rock!!

UPDATE: Genuine NZ Guru Kieran Trass is confirmed for CHCH and Auckland. Don’t miss the property cycle professional in action giving us the good oil on the markets for the next 18 months.  I can’t wait to hear him myself!!

( I’ve paid more than $50 just to hear HIM speak for 2 hours let alone all six of us!!)

Now in case you don’t know what I’m on about check out the details HERE

If you’ve booked and your confirmation has been lost in spam heaven then please email info@newzealandpropertygurus.com

And if you haven’t booked your extra free ticket yet…

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We’ll have to give it to someone else if you don’t book it so get in before they’re all gone!!!!!!!!!

SEE YOU THERE!!