Get rich or die tryin’
ByOr so goes the lyric to a rap song I heard in a supermarket recently.
Isn’t it sad that poverty is considered worse than death?
Anyway I don’t want to be maudlin, in fact my thought for today is that with interest rates ploughing down and another OCR announcement coming if there was ever a time to be considering buying a property it would have to be now.
Get onto Kris and make sure you can get a mortgage. IF you can’t get a mortgage go HERE and get some strategies on how to buy without a mortgage and then get out there hunting.
We now officially have positive cashflow pretax in every centre in the country, (except maybe for Queenstown).
As my friend Matt said to me yesterday just make sure you are not “punching above your weight”.
You don’t have to buy 5 or 10 properties if you are nervous just buy one that has great cashflow.
Take the mortgage on floating and when you can fix for 5 years at 5% or less lock it in
.
Hyper inflation is looking more and more likely globally so NOW is the time to take some action, in 6 months it could all be over.
Stay Safe and DO SOMETHING ~ Dean Letfus @ www.MassiveAction.co.nz
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