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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

Kris Pedersen Finance Strategist

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…

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What are you waiting for!!

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Get it now for Christchurch or Auckland

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<<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!!