Archive for August, 2011
USA, More Finance, More Profit, Faster Retirement
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USA Property Investment
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ATLANTA ~ PHOENIX
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NEW Finance Options!!
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What we need is a great big melting pot…..
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Or so goes the song. Certainly as we look at what is happening in the world we are indeed all in a great big melting pot of uncertainty, natural disaster and strangely, opportunity.
In New Zealand, USA and many other countries there are people going under and people going over. Trouble and opportunity all wrapped up in the same package.
So the important question is why? How come some people do well in difficult times and some fold. Obviously ones starting position and circumstances affect our ability to move forward but it is never as simple as that.
For example I have a client who is ten seconds from bankruptcy, however he saw the opportunity in the USA and begged and borrowed enough to purchase a property there. That cash flow is now helping him to stay afloat and he is very close to his second purchase.
So what makes one person take action in the midst of adversity while another rants at the sky?
I have concluded that it is all about our internal principles. These come to the fore when things are tough. For me personally I keep looking for solutions no matter how bad things get. The worst thing that can happen is I will fail but at least I know I have done my best. I have successfully turned terrible investments into good ones, learned form mistakes and viewed them positively as a growth opportunity many times and the fruit of that is that I am a happier, wiser person.
Some people conversely go looking for someone to balame and hunker down waiting for something to happen. And what happens is they get bitter, old and somehow “smaller”.
Man I have seen a lot of this in the last 12 months. One person going gang busters, another pursuing enormous energy on a no win situation.
So what about you my friends. Where does your internal clock sit. Are you looking for answers or looking for justice in your situation? And whichever way you answer ask yourself: “Is this working for me? Is this making me a bigger, better person?”
Get Going and Stay Safe ~ Dean Letfus
No such thing as a no brainer?
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I read with some surprise this morning in the Herald that Metlifecare’s profit has nosedived. It made me pause because the fact is that the retirement industry has every possible duck lined up. People can’t stop getting old because of a recession and the boomers retiring is making retirement operators profitable round the world.
So the lesson here is of course that even with everything going for you, one still need to use ones brain and manage ones affairs well.
This is true of investing also of course as well as business. I almost daily see people buying in the USA for example and based on the “Now is the best buying in US history” they blindly buy cr*p in terrible locations.
There is no such thing as a no brainer unless your brain also agrees. I was recently in a Realtors office covered with sold stickers for stock sold to foreigners in Detroit for example. Every single buyer, over 40 of them, just lost their money the day they bought the property. They did no homework, no due diligence and blindly believed an unscrupulous seller. Very sad and so avoidable.
Talking the US market I have always told people to take what I say and check it out for themselves. Interestingly more and more clients come back weeks/months later ready to buy because the reality backs up my comments.
I loved this comment from a Memphis Councillor in this article (Like the page while you are there I post stuff about the US market regularly)
“This was a well-thought-out deal,” Wharton said. “They’ve looked at us from every angle possible, and they see the potential in what Memphis has to offer. So I hope we’ll be able to use this as a model to attract others. That is, slice and dice us, look at us every way possible, take as long as you wish, and you’ll see this is a good place to locate your business – but most importantly, to grow and expand your business.”
So slice and dice your investment strategy today and the oportunities floating around and stick to the ones that stand up to scrutiny and time.
And keep away from them zombies…….
Get Going and Stay Safe ~ Dean Letfus
And now it’s snowing?
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From my mates deck in Queenstown 
One wonders what else could happen in New Zealand. On top of natural and financial disasters we now have freezing cold weather and snow in places it never snows. This can be fun for the kids but must be devastating for the earthquake survivors and make them wonder if they are in some dark comedy.
But the fact is life happens to us all, regardless of how much we might try to avoid it. And this is where our perspective can transform our outcomes.
Have you ever thought about what your perspective on life is? Stress usually brings out the bottom line for most of us. How do you behave when the chips are down. I have watched a lot of good people behave incredibly badly/sadly through the recent troubled times while others have really come into their own.
There is no substitute for doing the best you can, looking for the solution rather than the problem and putting people above things or money. These perspectives on life will dictate where you end up. I have watched so many Mainlanders embrace this as they look for the life in their damaged homes and lives rather than becoming bitter and twisted.
I have sadly also met a number of people whose marriages ended as a result of the earthquake. Obviously there were other issues in their lives but the stress of this disaster exposed their real hearts and maybe their real pain.
So my friends, decide who you really are, what your life is really about and cultivate those truths in your life so that when life delivers you six feet of equine eschatology, it will be the pony you find
Get Going and Stay Safe ~ Dean Letfus
Memphis Webinar Uploaded
Posted by: | CommentsHi everybody, webinar now uploaded.
Details on why to invest in USA right now.
Why to invest in Memphis.
How to get started and several current property deals.
Some of the properties have sold but email me with any you are interested in, we can always find more with the same construction and numbers.
Foreclosures – on the front line
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It was interesting to see the above named article on TV3 regarding the “pain” of foreclosure in the USA. As I am involved in this process daily right now what we as New Zealanders fail to understand is that general financial irresponsibility is a part of the culture here. For every person fighting to stay in their home as it is foreclosed on there will be 10,000 people who simply left their home leaving the bank to suffer the loss.
And most Americans simply don;t understand how flawed their financial mindset is because it is normal American thinking.
And THIS is what creates such opportunity for us, especially NZ and OZ investors who come from an accountability mindset financially.
If you enter this market with an attitude of making sure you pay your bills, reduce your debt and manage leverage responsibly you will create significant cashflow for yourself in a very short time frame and end up debt free eliminating your risk permanently.
Of course we can succeed in NZ, OZ or any market by behaving like this but what we can’t replicate is houses for 50 to 60K, 10 to 15% NET returns and the ability to pay homes off in under 8 years.
So ignore articles like the recent TV3 one. It is like us reporting the fact that we like rugby as news. Foreclosures are simply a part of the culture. These same people will also have 15 credit cards, a dozen HP’s and often addicted to drugs and alcohol.
Not to mention they used Las Vegas, one of the worst property markets and investment markets in the USA.
If you’d like to know what is really gong on in the USA and the genuine opportunities join me Wednesday 17th on my free USA webinar.
8PM NZ Time August 17th |
Get going and Stay Safe ~ Dean Letfus
Have You Eaten?
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I am still in Singapore and as I get used to the culture the differences from the West in thinking become more and more interesting.
Most of Asia loves a good feed but I noticed on this trip that even in business meetings the welcome wasn’t “Hello how are you?” but more typically, “Hello, have you eaten?”
Last night I was walking around at midnight and the streets were filled with people at cafe’s eating when us kiwis would largely be asleep.
It is Singapore National Day today as they celebrate their independence. It is an incredible testimony to the founding leaders what they have achieved in under 50 years. Starting from basically nothing Singapore has over taken it’s “parent” Malaysia and become a financial powerhouse eclipsing Malaysia for standard of living, education and planning. When it sinks in that this is a 45 year old nation it is unbelievable what they have achieved.
Interestingly when I was at a church here on Sunday they spent time praying for the nation and their leaders. And they celebrated being Singaporeans and how much they loved their country. I wonder how much this support of their own nation has propelled them to a place of significance so quickly.
When was the last time you heard a group of kiwis saying how great New Zealand was, how much they loved their country and supported their leaders?? No I can’t remember either .
Singapore is far from perfect but boy we could learn a lot from parts of their culture!
So Happy National Day Singapore!!
Get Going and Stay Safe ~ Dean Letfus
PS Don’t forget to join me on the 17th for the latest on the US market. I discovered yesterday we will have some new finance options for you that will blow you away!!
@ 8PM NZ Time August 17th https://www1.gotomeeting.com/register/723163264
@ 8PM Singapore Time August 17th https://www1.gotomeeting.com/register/736234160
