Step 1: Assess where you are today It’s not possible to get where you want to be unless you know where you are today! Sit down with your paychecks and your bills and get an honest assessment of how much money is coming in and what’s going out on a monthly basis. Do you have [...]
what kind of entrepreneur are you? Rebel v Visionary
March 23, 2011 By Leave a Comment
The old kind of Entrepreneur is someone who has the following attributes • Rebel • Dream driven • Thinks on their feet • Creates a business • Risk taker • Success driven • Lone Ranger • Incomplete • Low Self-image • Controls people An Authentic Entrepreneur has the following differences • Visionary • Dream attracted [...]
5 Signs you are paying too much for your mortgage
March 22, 2011 By Leave a Comment
If you’re like most people, your mortgage is your largest monthly expense. But, how do you know if you’re paying too much for your mortgage? With interest rates at near record lows, many homeowners could be saving hundreds of dollars a month by reducing their interest rate through a mortgage refinance. Here are five signs [...]
Sunset Clause
March 22, 2011 By Leave a Comment
If you are actively looking for properties to purchase as investment and want to make multiple offers rather than waiting for individual offers to be accepted then it is advisable to us a sunset clause. A sunset clause is a short statement that you include in the contract that specifies that your offer will lapse [...]
Buying property with no money down
March 21, 2011 By Leave a Comment
There are several ways to purchase property with little, or No Money Down. Here are some ways to make it happen. REFINANCE – put down a 20% deposit when you purchase the property. Several months (around 6 mths at present- depending on the bank), later you can top up the borrowings of the property to [...]
Glossary of terms
March 21, 2011 By Leave a Comment
A Agent’s Commission An “Agent’s Commission” is a percentage of the sale price that the vendor pays to the real estate agent responsible for selling the property. Agreement An “Agreement” is the written contract for the sale and purchase of the property. It is also known as the “Sale and Purchase Agreement”. Amenity “Amenities” are [...]
Renovate without topping up with your own bank
March 21, 2011 By Leave a Comment
If you are wanting to refinance or sell a property and get a higher valuation then you may be wanting to do some cosmetic improvements but don’t necessarily want to approach your bank since this is short term money - to 5 years max Up to $20,000 is readily available without disturbing your existing mortgage and minimum [...]
Paying for Christchurch
March 20, 2011 By Leave a Comment
Article from NZ Herald The Japan tsunami has derailed the Government’s plan to put out the begging bowl to the world to pay for the rebuilding of Christchurch. Now, do we all face soaring taxes and insurance levies to cover the cost? Business editor Maria Slade investigates. Port of Lyttelton chief executive Peter Davies is [...]
Buy that property now using Lo Doc finance
March 11, 2011 By Leave a Comment
Lo Doc Loans are loans that do not require proof of income. They have been available by lending institutions for a number of years, although less so recently. Often people think its an expensive option but when you calculate the tax savings on paying a lower income then the higher interest rate works to the [...]
LAQC changes
March 10, 2011 By Leave a Comment
As you should now be aware, LAQC’s will cease to exist on 31 March 2011 although you can elect for your LAQC to become a look-through company (LTC) from 1 April 2011. In the meantime, you need to decide whether the current shareholding of your LAQC is appropriate. This is because the shareholding will easy [...]
