Twas brillig and the slithy toves

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PROPERTY UPDATE BY DEAN LETFUS

So let’s get right to the point.  Things are ^$*#&$#* hard out there.  I see it everyday, not just in NZ but around the world.

We all want it to end and things to get back to “normal” but it ain’t gonna happen any time soon.

So… we have to decide whether we allow the circumstances to dictate our future or not.

I vote NOT!!

In the midst of all the drama and gloom there is always opportunity and we need to not miss it.

There is good buying all round NZ right now and some incredible opportunities locally and off shore to create cashflow.  But are you willing to look, or learn how to take advantage of them??

As most of you know I have used lease options for several years now and trained investors all round NZ to do the same.

I frequently get asked to run another round of training in this area but time has always prevented me.

It still prevents me but recently a good friend of mine who is doing lease options almost daily rung me to ask if I thought people would be keen to learn what he is doing.

I said quietly

Lease options Rock

because he is doing lease options in today’s market in a very difficult town with shockingly low yields and making a killing.

This really is the bomb strategy right now.

Just to give you one example of one of my long running LO’s.

Property purchase price $340,000.  Brand new 4 bedroom brick and tile home in Auckland

IOC from tenant buyer $40,000 so $300,000 mortgage

Weekly lease payments $685 a week.

Hands up who would like a 10% plus NET yield on a brand new Auckland property?

Well you need to learn how to execute this strategy from an expert.  I simply don’t have time but I 100% recommend spending a weekend with another LO expert to learn how you can do this right now in today’s market.

NOTE: I am not speaking at this event nor receiving any remuneration for recommending it, I simply think this is the best training in NZ right now if you want to get this really right.

I trust Jay and he shares my commitment to integrity and quality.

You can turn any property into a $80 to $200 a week cashflow positive money machine, legally, safely and repeatedly!

Jump on over to Jay’s website, no not now, read this newsletter first

BOOK NOW AT http://www.cashisking.co.nz/

Next month I’ll share some of the off shore options for cashflow but in NZ, lease options has really matured and is a “right place/right time” strategy.

Even if you have had some training on this before the rules have changed big time so you need to get up to speed legally and strategically. So go and learn from the man doing these deals RIGHT NOW!

BOOK NOW AT http://www.cashisking.co.nz/

FINANCE UPDATE BY KRIS PEDERSEN

Lending criteria is relaxing…just very slowly

Another couple of lenders relaxed criteria further last week unfortunately however the changes made were not applicable to investment properties. ASB will now (officially as they have actually been doing it for a while anyway)lend up to 90% on owner occupied properties and Sovereign will lend up to 85% for new customers and 90% for existing for owner occupied properties.

What this does mean for those of you who are hitting equity walls is that the deposit criteria is continuing to relax which has been a trend across the major lenders since late last year.

The more criteria relaxes, the more competition you will have to pick up some of the great deals on offer at the moment.

With South Canterbury Finance falling over around $1.6b is due to be paid out in the next few weeks because of the Retail Deposit Guarantee. The majority of this is likely to end up being deposited into the banks with these funds then potentially then being passed on as additional funds able to be borrowed.

Interest Rates

The Reserve Bank won’t increase the OCR this Thursday so at this stage I’d recommend that if you are floating, stay floating for the meantime. Midterm rates continue to decrease and will probably continue to do so with some of the negative global data that is around at the moment.

The whole interest rate curve is flattening at the moment so it is definitely worth waiting to see if some of the longer term rates get under 7% again.

And remember…….

when it comes to finance I will always keep you up with the latest opportunities and news.

MINDSET SCIENCE BY DEAN LETFUS

I must admit this section of my newsletter is my favourite. I can teach a monkey to invest in property, (and have), but if I can affect your thinking even a little bit then you can really change and grow.

I have taught a lot this year in Asia on forgiveness and yesterday had someone in Taiwan come up to me to thank me for helping them.  They were attending an event I was involved with in Thailand and the night before I spoke this friend had a dream about an event between he and his partner that he had been unable to forgive her for.

He thought it was so weird to have the dream as the event was a long time ago.  He said he couldn’t believe it when I stood up the next day and challenged him that he had to forgive others if he wanted to be emotionally well.  He went on to say his relationship had changed completely since he learned how to forgive that day and let go of the bitterness inside of him.

That’s the sort of results that makes my heart sing.  His life will forever be fuller, richer and more passionate.

And isn’t that we all want, really?  Yet our default position so many times is to actually become smaller through negativity, pettiness and judgment.

So to affect internal change we have to imbibe the 4 “A”s

Firstly Acknowledge our need of change:

Secondly Accept that it won’t necessarily be easy and:

Thirdly Adjust our stubborn head and heart so that we can let new information in.

And finally set up someone to be Accountable to.

Doesn’t sound like too much fun yet does it?
Well it isn’t fun, but it is THE pathway to a fuller life.

I hope you’ll join me and many others on the journey called growth.

It has often been said there are only 2 choices for each of us.

We are either busy growin or busy dyin