Property Investment is still the answer!

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The 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!!

It was interesting to see the RBA move interest rates yesterday, they obviously think the worst is over.  I am yet to be convinced I’m afraid.   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.

Stay Inspired and Stay Safe ~ Dean

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…

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What are you waiting for!!

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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!!