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Who knows the answer? Nobody!!
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Well I can’t believe it’s Thursday again!!
Only 2 more sleeps till Saturday!!
It’s quite an act making sure a 2 day event for 500 plus people goes well and I must confess the organisation part is not my bag. Were it not for my gorgeous wife it would be nightmare.
What is exciting though is to know that people are willing ot invest in themselves and not turn their back on securing their financial futures.
As you know being around people fills me up so I’m going ot need extra tanks on the weekend 
Stay Inspired and Stay Safe ~ Dean
The Ethical Investing Strategist
PROPERTY UPDATE BY DEAN LETFUS
Of one thing we can be certain currently and that is nobody hsa a clue what is going on.
It’s a bit like trawling a cage across the seabed. You know it’s on the bottom because the chain goes slack but when you start moving you spend all your time feeling the bumps and reversing to unjam it.
This really is a good analogy for the property market here in NZ. We know the tide has gone out because the evidence is everywhere but each survey or report or leading/lagging indicator paints a different picture.
Right now we “know” that
- We are coming out of recession
- We are yet to see the worst
- Property prices are increasing
- Property prices are stable
- Property prices are falling
- There is a shortage of housing
- There is a shortage of new buildings
- There is no housing shortage
- Rents are increasing due to demand
- Rents are stagnant due to lack of demand
- Evil Property Investors caused the current housing bubble problem
- Councils caused the current housing bubble problem
- George Bush caused the current housing bubble problem
- Evil banks caused the current housing bubble problem
- Councils will solve the current housing bubble problem
- Obama will solve everything for everybody everywhere
I could go on but you get my drift. Nobody knows what is going on. So given that what should you and I do?
Well I think a sound investing strategy needs to work in any market so for right now our main focus should be on minimising risk and maximising opportunity.
Minimising risk simply involves ensuring anything we buy right now is cashflow positive pretax so we are not affected by any tax changes and ensuring we buy below current valuation. I have talked about this a great deal but it is the golden rule for a market like this.
Buy cashflow and buy undervalue.
Now doing this also creates opportunity of course however right now the maximum opportunity is to buy quality property that would normally be out of reach. Vulture funds are appearing daily in New Zealand as sophisticated investors start to move on top quality assets in prime locations at Tokoroa prices .
So look for undervalued and value add assets. I’m talking about his on the weekend to show you how but this is Golden Rule Number 2 for the next 12 months.
Quality locations with strong population
FINANCE UPDATE BY KRIS PEDERSEN
It is an incredible time for me as a financier in this market. My years of making sure I always do the right thing and staying on teh cutting edge of what is happening is really paying off right now.
I have access to a variety of nominee funds and private money to help facilitate deals that couldn’t get done in this market, we are now able to offer insurance to our clients at better rates than the banks and generally in a difficult finance market I can get people across the line when others can’t.
So not exactly about finance but I wanted to give you my version of something I have heard Dean say from stage many times:
“You don’t have to tell lies or be a prick to be a successful financier”.
In fact the opposite is true. Because I have always insisted on full disclosure with lenders I now get preferential treatment from them. I think it’s funny sometimes that the odd client complains about the level of information I want from them because they don’t understand how much power there is in transparency and truth.
Anyway better get back to my desk, still a few applications to get approved 
Looking forward to seeing you all on Saturday!!
MINDSET SCIENCE BY DEAN LETFUS
Once again I have had a blog post elicit an incredible response from readers so I am going to share a New Zealander’s story with you here. It’s sad, it’s inspiring, it’s poignant and it is a reminder of why property is a solid, safe investment strategy.
Our Story
What not to do!
“I have been a topdressing pilot for more years than I care to remember. I have always been on a good income, flying all sorts of machines in all sorts of places including Australia, UK, Scandinavia and Africa.
After resettling back in NZ in 1987 I began flying for a farmer owned co-op, once again earning good income but like most people always seemed to be running out of cash. In 1991 I met Fran a local high school teacher and in late 1992 we were married. Now we were on some really serious money but lo and behold we still didn’t seem to have any.
In the late 90s I read a book by Dolf DeRoos and thought this property investment lark could be a good thing. After attending a couple of seminars we used some of our equity and got a 100% loan to buy our first rental, negatively geared of course. We were told this was the thing to do. As time went by we built up quite a large portfolio as well as some subdivision on our small 200 acre farm. Including our own home and holiday batch at Hawea we had 21 properties. We had great cash flow and a 7 figure net worth. We had all the toys and ate out three or four times a week. We have no kids so we always had a few bucks in our pocket. As time went by our net worth, cashflow and equity increased.
The co-op that I was flying for decided it had done its job as a co-op and decided to disband. They offered the business to us for a very good price. As I loved the aviation business and flying so we decided to go for it. All went well and we were paying down our debt faster than budgeted, things were good. After operating for a year or so we were offered our competitors business as he wanted to retire. He would sell us his plant and business and lease us his two aircraft. How were we going to fund this purchase? I know lets sell some of our rentals and use the surplus cash from that, we would soon be able to buy more with the money we were going to make.
Yeah right.
We had just made the biggest mistake of our life.
Not long after we purchased this business the engine in the plane we owned threw a fit and cost us $US70k. The farming industry was going south and our services to the farming industry would be put on the back burner. Reduction in work and huge fixed costs were killing us, what were we going to do.
Out went the last of the rentals. As work decreased even further we would have to cut costs so when the lease on one of the aircraft was due for renewal, we decided to ditch it. The other aircraft we kept on and duly signed a new lease. Once signed we were locked in for the next year. Unbeknown to us the lessors had changed a couple of words in the lease to our disadvantage (how stupid of us for not reading it first) and were busy negotiating with another operator to lease the plane we ditched. One of our pilots would join them and go into direct competition to us, all against their restraint of trade. They knew we didn’t have the resources to fight it. This was disastrous. With further downturn in work and our ex pilot now with the opposition, they were running around buying our work and subsidizing it from another area.
We had many sleepless nights, what were we going to do, don’t panic we thought etc etc. We were screwed. We met with our bankers and finance company to try and work out a plan. We had a huge debt to pay so it was decided to downsize and quietly liquidate assets. This included our house and land and we would have to try and get someone to buy what was left of our business. With tears in our eyes we sold our house. We sold everything we could find, furniture cars, toys, junk. It’s amazing what people will buy. In the end we managed to sell the business but for $715k less than it owed us. No one else in their right mind would buy it. I would continue to run it on a small salary.
I could continue on with this story but to make a long story short, except for each other, we lost but everything.
We still have a roof over our heads (a converted shed which we love) and a small piece of land but still with a mortgage and at 56 this is not a good scenario.
All through this we didn’t panic, we supported each other and really knuckled down to some serious budgeting. Real-estate investing and doing the numbers have been our passion and we are determined to get back into it, we have absolute faith in that.
In fact we have more passion for that now than anything, even flying. I’ve done my apprenticeship in the aviation business and its time to take action and move on. With planning and budgeting our debt is reducing every day and feeling more and more confident. There is a light at the end of that tunnel after all.
Did we learn anything from all this? You bet we did.
1. Don’t buy anything I mean anything on emotion
2. Always, always do your homework
3. Always do “what if” scenarios
4. Keep things simple
5. Don’t panic if things turn to custard
6. Don’t be a smart arse and get too big too quick
7. If something is working well, don’t change it
8. Don’t be proud, get help
9. Don’t get greedy
10. Don’t try and impress anyone with “things” they only resent you
11. Always be accountable”
Thanks guys for your honesty and willingness to share your story!!
NZ PROPERTY GURUS
Wow nearly 600 people booked and more orders today. This really is going to be some weekend!!
Last chance to book is today for 2 days of me, Kieran Trass, Kent Leicester, Steve Goodey, Kris Pedersen, Shaun Stenning and Kerry Christian sharing our strategies for investing success with you. Christchurch loved it and we can’t let the mainland have the last Hurrah so BOOK NOW!!
PS: Shaun will kill me but if you do it NOW the free bonus ticket link is still up
PPS: If you’d like to attend for free and give us a hand as crew, (and get fed), please email me, we’d love a couple of extra hands ~ info@newzealandpropertygurus.com
Bonus ticket link
<<HERE>>
Promo Code Free5837
SEE YOU THERE!!
Property Investment is still the answer!
Posted by: | CommentsThe Ethical Investor
Well it’s taken me 3 days to recover but I have finally surfaced from the NZPG Christchurch event. We had an amazing time and I have never had so much positive feedback!! On top of getting ready for Auckland I also have my next mentoring training day this Saturday so it’s all on!!
The 750 billion dollar rescue package in the USA has now reached Twelve trillion dollars, they will run out of paper to print this money on eventually! All good back home for investors though, the deals are everywhere.The Ethical Investing Strategist
PROPERTY UPDATE BY DEAN LETFUS
I met with a representative of a group of investors today who have been badly burned by Mark Bryers. he was one of a large number of people who had invested in a semi commercial project in Auckland with the intention of building wealth for their retirement.
Thanks to BlueChip’s dishonesty many of them are now in real trouble and I am helping them find solutions to what appears to be an impossible situation.
Towards the end of our conversation he asked what he could do to try and recover and the answer was and still is, invest in the right sort of property deals. We all get things wrong with property, no matter how good or experienced we are. I had some total nightmares in the last 12 months and have bailed out more people than I can count.
However there is a consistent thread with investors and that is……
Those people who invested wisely have been able to survive the storm and whilst they have lost money, (who hasn’t), they have survived, they can recover and they in the main still have some wealth to move forwards with.
Since 2005 I have endeavoured to teach people safe strategies. And I have tried to follow my own advice.
As a result most of my clients and my own portfolio consists of freehold house and land in main centres. I try and keep people away from leasehold, apartments, small towns, developments, rent by the room or other small niches.
In addition I recommend buying 15 to 20% below valuation and never gear the properties up.
So everybody who has followed this advice, like me, may have had a lot of wealth wiped out in the recession but we were in a position to sell property and have surplus funds and have no bodycorp or left field costs to further damage ones cashflow. In addition the banks have been much kinder to house and land owners than more volatile niches.
So moving forward now involves continuing with these same strategies and adding only one additional rule which is to buy cashflow positive pre tax.
I know many of you have been burned and this will cause you to withdraw but remember property is the safest wealth creation strategy and doing nothing is much worse than taking one more chance with a proven way to financial freedom.
So my hope and prayer for us all is that we won’t turn our back on this path to financial security but get the education and support we need to get great results.
I have a slide I use with my mentoring groups to show risks in niches, here it is
So more than ever get educated and STAY SAFE!!
Mister Finance
FINANCE UPDATE BY KRIS PEDERSEN
Like Dean I’ve been buried under new clients this week and helping a bunch of Mainlanders get the money they need to continue with their investing. Fortunately when it comes to finance geography is irrelevant so I can help people nationwide get results they cannot duplicate themselves.
In fact I would go so far as to say that often my contacts in Auckland make it easier to get approvals for other centres than a local broker can. In this market Head Office rules so it is enormously beneficial to be able to talk to the decision makers without having to go through lower level staff. I have also noticed that because my track record with the banks is proven long term that my applications are looked upon more favourably.
I am very proud of the fact that I am considered a finance professional who doesn’t let his clients get into trouble. It is the highest recommendation I could receive and something I am passionate about.
The fact that your local broker or bank has said no to you doesn’t mean you are taking unreasonable risks, it often simply means that you can’t tick enough boxes. So consider me the big tick you need to get your finance across the line
As one famous brand said I can help you…..
Come and hear more from me about creative finance strategies next week HERE
or email me now at kris@propertyfs.co.nz
MINDSET SCIENCE BY DEAN LETFUS
I was reading a comment on a forum today where someone was preaching:
“The purpose of life is the pursuit of happiness and joy, without bringing harm to others”.
Sounds very grand but is tragically flawed and shows all the hallmarks of a very wounded soul.
You see we are all pursuing 2 things in life, acceptance and significance.
Every human endeavour, every word written, every thing we do as humans is in the pursuit of these things. To diminish us to pursuers of pleasure is so sad it stuns me.
When you look at a nation like the USA, which totally embraces the concept of the pursuit of pleasure, we find a nation with nearly 20% of it’s population depressed and most negative social statistics to be off the charts.
This is because they TRIED pleasure and have found it wanting. What they need is to fulfill their need for acceptance and significance but they don’t know where to look.
I find it a fascinating contrast to the USA to look at a nation like Fiji. As many of you know I have an ongoing love affair with the nation and its people. It is very obvious when you connect with real Fiji as opposed to the tourism areas that the Fijian people are happy, stress free and generally fulfilled.
To western eyes they may be poor and unsophisticated but make no mistake, Fiji is much healthier socially than the USA or New Zealand for that matter. So what makes Fiji so well adjusted?
Firstly their need for acceptance is found in God. The average Fijian believes in God implicitly and therefore knows that he or she is created by a loving God and is therefore of immense value just by their existence. Even those who wouldn’t call themselves Christians or attend church regularly still believe in God and know His acceptance in their lives.
And their significance is found in simple things like being there for their family, seeing their Kassava crops mature and being able to spear a fish. In other words their significance is found at a family and “village” level. We in the west have elevated this to the need to be a millionaire, rock star or some other “exceptional” result.
And if you study societies that have relatively high self esteem and low levels of mental illness and depression this trend is amazingly common. Attachment to God and attachment to family equals a path to acceptance and significance.
I’ll leave you to ponder what your response to this might need to be, Dean
NZ PROPERTY GURUS
I had such a good time in Christchurch. It was nice to be able to just focus on 2 areas and leave others to teach in their specialist areas. I talked about finding great deals and finding great buyers in my sessions and some of the comments from attendees has been most humbling.
Rachel ~ Had a fantastic time.
Oliver ~ I got a lot from the CHCH event – well worth the two days.
Peter ~ Fabulous event at the weekend, I would have paid a thousand dollars and thought it was cheap!
Doug ~ Really enjoyed your presentation on finding buyers, I found this really helpful.
Anthony ~ Thanks for a great weekend ,lots of good information provided.
James ~ Gurus was brilliant. I told my friends they were %*(#@*%($# stupid for not attending.
Bob ~ A big thank you to you all for this weekend’s seminar. You Guys are really inspiring, thank you all so much again for investing your time and lives in us all.
Carol ~ I thought the weekend was fantastic, the speakers were great.
Graeme ~ I can’t believe you provided so much education for virtually nothing. You guys rock!”
So if you were wondering whether it was worth attending Auckland next weekend the answer is YES!!
Get your tickets HERE
And if you haven’t booked your extra free ticket yet…
!
What are you waiting for!!
!
Get it now <<HERE>>
Promo Code Free5837
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!!
Things are good yeah nah, things are bad yeah nah!!
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Hi everybody. I am frantically preparing for Saturday in Christchurch so it’s into bed by 3AM and back up by 8. Well OK back up by 9 . It’s always interesting when you get a group of people to work together to see people react and respond so differently to the same situations. A lot like herding cats basically! The fortunes for investors continue to improve so I am looking forward to an exciting year for us all!
Stay Inspired and Stay Safe ~ Dean
The Ethical Investing Strategist
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…
!
What are you waiting for!!
!
Get it now for Christchurch or Auckland
!
<<HERE>>
Promo Code Free5837
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!!
Investing is hard, I want my mummy!
Posted by: | CommentsThe Ethical Investor
Well quite a week we’ve had again. Tax changes made public, only good news there! Housing stats turning to custard, also no surprise. And a definite change in the wind with finance companies and banks for the better as well.
I just don’t know how this year could shape up much better for investors unless they start giving away rentals in packets of Weetbix!
Stay Inspired and Stay Safe ~ Dean
The Ethical Investing Strategist
PROPERTY UPDATE BY DEAN LETFUS
I thought I’d give you some stories from my latest mentoring intake just to give you some encouragement that investing isn’t rocket science. Success is a science, get the formula right then you get results.
Many of my current clients already had plenty of investing experience so I am not attributing their success to me, it’s just to show you what is happening in this market!
1. Social Media
I am training my guys on how to find vendors/buyers using simple social media skills. Within a couple of days of one of them setting up an account and before he had any training on how to use it he emailed me saying “Help, Twitter is working”.
He had a vendor with a subdivisible site, consent granted, wanting to get an offer from him!!
And when I showed them all at the training day how to search for people out looking to buy houses that day they suddenly all realised why Social Media Rocks.
2. Word of mouth and Business Cards
So another client attended an auction but left early due to noisy daughter syndrome. Another attendee wandered outside so my guy struck up a conversation and told the other party that he was a finder. He is now flat out looking for a 700 to 800K property for this cash buyer.
And another client is handing out business cards to all and sundry and now has been offered a development to promote and has another vendor wanting her to sell his property.
3. Cashflow and equity
My favourite story to date are a couple who “know” that good deals exist so they just find them and negotiate them. So their current contract, (which is up for assignment if you’re quick because they have to many other similar deals ) is:
2 Central Wellington Properties, both15% below valuation. Actually they are 20% but we had the valuation downgraded because the banks would have looked sideways at the discount to purchase. POS cashflow PRETAX of $89 a week after ALL expenses and interest!!
4. Deals with a twist
Another client has a subdivisible property that comes with 2 free sections. It will be 200K in and a profit of 400K within 12 months
And finally I had a phone call last night from a client who had previously done a 12 month mentoring programme with an Australian guru, (at a cost of $35,000 Aussie). He was disappointed with that programme so very hesitant to try again with me. Anyway he rung to say he got more out of our first training day than he received in an entire year form the previous course so I must be doing something right
FINANCE UPDATE BY KRIS PEDERSEN
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Kris Pedersen
Finance Strategist
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Do you still remember the good times back in 2007 when low doc loans were around and it was a bit like Big Wednesday for everybody with the lenders almost throwing money out into the market?
Me neither!! It certainly isn’t that easy now however I have recently secured some pretty amazing private funding which means you can keep moving forward with your investing.
For properties in the main centres where the LVR’s can be kept below 67% we have some money available for two years with interest rates starting at 7.5% plus fees plus a few other useful products.
In fact I just completed a deal for someone who got into a very profitable deal that he would have had to walk away from without my help. And I am assisting traders to fund reno’s and developments so they can continue to make money even when the banks are showing no love. Would you like to be able to make a phone call and access funding for your next trade, investment or no money down deal?
Well join me in Auckland and Christchurch and I’ll not only show you how to do it but get your pre-approval going while we are together!!
Register now HERE
As I saw Dean post on the NZPG Facebook wall this week: “We survived the tax changes so let’s get rich!”
Regards Kris
MINDSET SCIENCE BY DEAN LETFUS
I met with a wonderful client today who was sharing with me his journey from under performing life to his current transition period to freedom. He understood that his challenges were not with techniques or skill but with battling with his clutural heritage and concepts around success.
As I said above success is a science. There are things that are essential ingredients.
Non essential ingredients are usualy the ones most people talk about.
I would be successful if I had
Better Luck
Better parents
More opportunity
Less obstacles
More training
More hair
Bigger biceps
Nicer friends
the list goes on and on.
Well none of these relate to success even a tiny bit. (Although more hair may help some of us )
Be honest with yourself, how many times have you gone to these ingredients?? It’s a lot like making a chocolate cake and spending all your time and energy making sure you use the right amount of food colouring but not remembering to use flour or cocoa!!
So essential ingredients in the success formula, where they hide all the money, passion, joy and jelly beans??
1. Personal Responsibility. My future is up to me.
2. Personal Commitment. My circumstances, breeding, looks and past need NOT define me. I can design the rest of my life if I choose to.
3. Personal Mindset. This is at Number 3 but is actually the most important of all. I will focus on the positives and what I can do, not make excuses for myself. I will accept that changing my future is going to stretch and terrify me but that is in my head only and I can change what goes on in my head. I will commit to developing my mindset to accommodate my goals and dreams rather than allow them to limit my life.
4. Personal Action. I understand that I will have to do something to cause change. So part of my commitment is that I will take action for the next XX (I would suggest minimum of 12) months and decide that failure is not likely nor even an option.
Now grab a fork and stand in the kitchen, this is gonna be worth eating straight out of the oven!!
NZPROPERTY GURUS EVENTS
It’s awesome to see nearly 300 of you booked already for my new events, you guys rock!!
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…
!
What are you waiting for!!
!
Get it now for Christchurch or Auckland
!
<<HERE>>
Promo Code Free5837
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!!
The Revolution is launching!
Posted by: | CommentsPERSONAL UPDATE BY DEAN LETFUS
Frankly I’m excited about something and I just have to share it with you.
Over the last few months I’ve been working on something very, very big and I’m finally able to put the flame to it.
A group of my property investing peers and I have been working on a way to bring together the best educators and professionals in the country, so that you can pick our brains and access the secrets we know. In fact, we wanted to bring you the country’s top property investment inspiration, education and opportunities ever seen nationwide all in one place…
And, well, I finally cracked it!!
Head on over to the site and check it out: http://www.nzpropertygurus.com/DLetfus
I can’t wait to get to blast off in Christchurch and Auckland in just a few weeks time. I still can’t believe we’ve managed to get NZ’s top 5 property gurus together in one place for 2 FULL days.
Top quality speakers, incredible property education, an attendee only cocktail party and the chance to network with the cream of the NZ investing community.
So don’t listen to me, get on over to the special web page where you can get the full low down and BOOK!!
http://www.nzpropertygurus.com/DLetfus
I can’t wait to see you there!
Dean
P.S. The other reason why I’m so excited about this event is that it is launching at a time when the NZ market is 125% perfect for investors and traders to really make money, so grab your partner and make sure you get there!
Register now at: http://www.nzpropertygurus.com/DLetfus
Stay Inspired and Stay Safe ~ Dean
The Ethical Investing Strategist
PROPERTY UPDATE BY DEAN LETFUS
Well tax changes seem to be the order of the day and I am getting constant requests for my opinion. Because the final outcome is so uncertain it is difficult to have an informed opinion on specifics, however I did want to talk to what I perceive as the important thing for us as investors.
Firstly any tax increases will ultimately find their outlet in increased rents. Like any business as your costs increase they inevitably get passed on to the final consumer. So we don’t need to panic over tax changes in the long term. They will ultimately hurt those least able to afford it, tenants.
Secondly it is unlikely that any legislation will be made retrospective, so providing we get our portfolios built or restructured now we actually won’t feel the impact of any changes to our detriment. We may have a short term reduction in cashflow but this will be more than made up by increased rents.
And lastly any changes are going to take a while to get drafted and introduced so we have time to buy up or sell down depending on our current situation.
Make no mistake, I think a lot of the suggested law changes are ridiculous, unfair and terribly thought out, but at the end of the day it needn’t affect us if we get things right now. On top of the recession making investing now a really good idea, to have these tax changes in the wind simply makes it even more opportunistic to build our portfolios as quickly as possible, structured to weather the initial storms and really benefit from the enormous upside that will follow.
Fortunately we can look overseas to where similar experiments have occurred and without exception the investors have won out in the long run because house values always recover eventually and the yields go through the roof in an environment where property is being penalized tax wise!!
FINANCE UPDATE BY KRIS PEDERSEN
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Kris Pedersen
Finance Strategist
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There has been massive changes in the last couple of years for investors with funding getting tight because of the Global Financial Crisis and both the Real Estate and Finance industries getting regulated. This has meant that the playing field is very different to what it was a couple of years ago. In fact I have never sen such a changeable time in my industry.
However change brings opportunity and I have been working on some exciting new financing options which take the power away from traditional lenders and give you more ability to move forward.
In fact some of the products we have developed will make trading and portfolio building easy again even if things stay tight with credit markets.
I’ll be discussing these in detail AND allowing you to access these solutions at the NZ Property Guru’s launch event in Christchurch and Auckland.
Grab your tickets HERE and we’ll see you at the event!
Please come and say hello at the event, I’ll be the guy carrying the big bags of money around
MINDSET SCIENCE BY DEAN LETFUS
It has been said that good is often the enemy of the best. I found myself talking about this at one of my courses recently and was reminded of it recently when watching Bill Wilson on Shine TV.
Bill was talking about this issue from a Christian perspective but it is so relevant for all of us to understand.
You see whenever we are fighting a battle that isn’t ours, or pursuing a dream that isn’t ours, we lose.
In a Christian context if the enemy can get us fighting any battle except the one God wants us to fight, then we are spending energy uselessly and being kept away from God’s best.
As investors if we get sidetracked into pursuing things that we are not good at, if we focus on aspects of our business that we are not well equipped for, then we will be ineffective and ultimately fail.
You see we are surrounded by plenty of “good” ideas, but are they “God” ideas, are they the best.
I daily get emails from people asking me if they should attend our events? I think to myself, how can I possibly answer that. Do you need to learn great systems to help you invest more? Does your mindset need tweaking? Do you have issues of fear of failure, fear of debt or low self esteem to conquer? Do you want to succeed badly enough to take the info I may provide and use it? How do I know?
Similarly I have had countless offers to get involved in all kinds of business ventures. I automatically say no to them all now, because I know the best use of my time and energy is property investing and education. I know that this is the best thing for me, I feel like I was born to do it. I know that God has called me into it as part of changing the nation of Fiji.
Getting involved in a fast cashflow business is probably great, it is a good idea, but it would keep me from the best idea, more property investing.
I know many of you get discouraged by your lack of progress and think that you need to try something new or different.
That may be true. But it may also be true that you need to stop focusing on the little battles, stop beating yourself up over things that aren’t so important and focus on the things that are really important.
I got an email today from someone saying that there are no good deals on the Shore at the moment.
“Nonsense” I said.
” You can find no good deals on the Shore because you keep telling yourself and me that there are no good deals.”
So this person is effectively preparing for battle and waving the white flag of surrender at the same time, whilst wearing the enemy’s uniform. If the enemy doesn’t get her then her self talk, friendly fire, will!!
I find I am constantly tempted to spend time on things that are not good for me or constructive. One of the sad truths I have had to come to terms with recently is that as you get known to be successful, you get an exponential amount of bovine eschatology coming your way as well. I hear all kinds of things about me and get all manner of nonsense emails from people that would really get me down if I A: believed them and B: dwelt on them.
So decide for you what is really important. Which battles do you need to prepare for? Which challenges have actually got your name on them? Don’t get side tracked. On the weekend I was talking about this in the context of goals. Know where you are going and you give yourself a fighting chance of getting there. A pilot once told me that a plane is not heading directly towards it’s destination for most of the flight. 90% of the time it is correcting itself. But the target is clearly defined and locked in, and that pulls the nose back on track over and over again.
December 09 ~ Are you busy livin or busy dyin??
Posted by: | CommentsPERSONAL UPDATE BY DEAN LETFUS
Another week in paradise as they say. Yesterday’s blog really summed up my feelings at the moment so rather than reinvent the wheel……
I have had 3 journalists in the last 3 weeks contact me asking my opinion on property matters. They were all new to me and had contacted me because they had been reading my earlier blogs on the markets and found my educated guesses to be on the money pretty consistently so it was very encouraging to see my research and homework starting to bear fruit, even though I get labelled as a bit of a pessimist these days Read More→
