Shearing the sheep
ByHad to post the video in 2 parts as they are in different resolution 
Anyway today I wanted to finish off my explanation regarding gearing.
You’ll see from the video that the actual holding costs of a property negatively geared by $12400 a year is actually only $1500 a year and most of us could fund that by robbing small children at the sweet shop.
It was a poignant reminder to me today when i met some people who were in trouble through NOT having kept any property that it is just so critical to hold as much as you can. It’s like banking your future into real estate.
Property can only pay you while you own it. Find a way to own more, understand the REAL holding costs.
An online approved NZ credit card can give yo uthe ability to own a significantly neg geared rental in Auckland. Once the card is maxed out at say 5K you will have made somewhere between 50 and 120K in capital growth. Tell me that’s a bad deal!!
PS if you are having trouble viewing the video without stopping click the pause button after it starts and wait a couple of minutes for teh video to “buffer” then start play again.
I will try another video server if y’all keep finding it not working well.
Click here to listen to the audio only
(or right click and ‘Save Target As’ to download)
Click here to listen to the audio only
(or right click and ‘Save Target As’ to download)
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2 Comments
March 24th, 2007 at 6:36 pm
Hi Dean thanks for creating the video blogs, they are awesome. I wondered if you could talk more about valuations and how they factor in the process. I would like to know what is the best approach with vendors regarding who pays for it, when to get one, timing (at what point), best strategy for negotiating with low valuations and high valuations please.
March 26th, 2007 at 12:03 am
Coming soon Buzz!!