Events and meetings

16 August - Pathway To Your First Property Investing

16 August -  Pathway To Your First Property Investing

Luke’s heart statement is that Property Investing isn’ t really about Property, and the accumulation of houses, apartments, etc. its more about the real question on what your reason for wanting to accumulate more wealth?

Is it about more choices?  living your passion? traveling? security for your family, your children, your grandkids? retirement? new business? 

Luke's first incline was about getting out of a job where he was no longer thriving, where he felt constricted. All he wanted to do was have the freedom of choice. Property investing created this opportunity to build an income. Luke’s ‘why’ has changed over the period he first started to be serious about property investing.

Now his 'why' is about helping others building the same wealth for themselves through his business ‘First Time Property Investing’ and having the time to be able to do this in a big way.

This talk was not about how you become the owner of 20 to 33 properties as everyone is in a different place. It’s a discussion around motivating you to think about that path in property and lead you in the next few steps to get there, hence making money for those life choices that you would like.

Luke didn’t realise that he was acting in his subconscious as he spoke out what he wanted. Every day he fixed his mind on what he knew he wanted and went for it. What are you going to do in the next day or next month that will get you to your vision or goal? 

Challenges you may have and how to avoid them for clients

a. Knowledge

Educating yourself in property is a very important step. Conduct your research in the property market. Attend good property seminars, trade shows, and workshops. Know how a system functions and attaining good insights allows for better clarity in your decisions compared to if you go in blind.

Watching videos, attending seminars, going to auctions are ways that you can become knowledgeable and expert is going to be a key to your success.

b. Dream Team

Going in alone has its risks and although you may think you are saving money, you are probably not giving yourself a safer option. Have a good and strong team to bounce ideas off and to help you manage your portfolio with the use of experts in that area. e.g having a property manager who knows how to deal with tenants and ensure your property is taken care of and rent is paid on time or have a specialist to inform you on which market to buy in that will grow in 3 – 5 years.

Making sure that you have a good team to assist you to make the right decisions

c. Mindset - Investing in property is:

             Mindset – 80%   :   Property Knowledge – 20%

Think of different strategies. What are you going to do differently compared to everyone else? Could you buy with a partner or get a get a second job?

Hang around the people who are investing, you never know the ideas that come out of simple conversations. They say the 5 people that are around you are the average of what your income is.

Why and where do you want to get to? What’s your relationship with money?

3 keys ways to starting in a property investing

1. Getting started - Taking action

You don’t need to wait to get the perfect investment. The idea is not quite about the how but what you can do today, tomorrow and next week to get there and keep it as simple as buying 1 or 2 properties every year.

2. Work with experts and build relationships

Work with Experts – bookkeeper, property manager, mortgage broker.

Build relationships – connections worth those who have done it before – Tap into experience, knowledge, and skills. Attend seminars – maximise the event. Wait for the people to turn up to rack their brains about the key topic around and stay back after and pick their brains again.

Be persistent – email, phone calls and build the relationships.

3. Patience

The property is not a get rich quick style of investing. All the tv shows are fabricated and it's important to realise that it doesn't happen overnight. 

Property Market Update as of 6th of August 2017

  • Stamp duty reduction 1 July 2017 

if you are first home buyer purchasing a property under $650 000. you can have your stamp duty removed completely. If it's above this dollar value thresh hold there are incremental percentages that will be deducted from the stamp duty.  

The importance of this knowledge is you need to be careful about buying property in a frantic activity environment especially where government intervention is, because of competition you will end up over paying the value of that property. Thus often taking a while to repute that money in growth.

So make sure you are observant and ask yourself:

i. How many people are at the home auction?
ii. How many have bidding paddles?
iii. Are they all actively bidding?
iv. What’s the value of other properties in the area? 

  • Lending restrictions

The government is currently pushing for the banks to hold off and tighten up on lending.

If you are in the position where you are considering buying property go to a mortgage broker and get your pre-approval in place, have an idea of what you want to buy as well. So as soon as it's in the process and approved you need to work fast as the lending conditions are changing so fast, and at the moment week to week.

Due to this increase in lending rapid lending behavior, it places a restriction on how fast people can purchase. Although currently there is an increase in the number of loans that are written by lenders mainly because there is a lot of activity in the building, lots of transactions are still being completed and developments and the low-interest rates are very attractive for investors. 

  • Showing of auction markets

Clearance rates are slowing down Main auctions in Sydney and Melbourne they are slowing down from the low to mid 80’s to low 70’s high 60s.

 You need to be aware of at the number of auctions listed for Saturday, second is number reported is less than what is listed. At the moment there are about 400 auctions vs 600 listed, SQM research and reported on this that these figures in 2015 were 15 to 20 percent compared to today which is about 35%. there is something to be aware

Consumers are affected by the media, so know what these influences are. How they think about the knee-jerk reactions followed on by a media release and how you are going to position yourself. 

Key regions to invest at the moment

More affordable markets at the moment are Brisbane – (30 to 40 km radius from CBD). Many Melbourne or Sydney families are moving up to Brisbane.

Mainly think about affordable markets when you are looking to invest. The ability to buy numerous properties to be more reliant rather than one purchase of 1-million-dollar value as an example. 

Luke’s has three great programs will help you have the right knowledge, support, and insights. He focuses on achievable outcomes for where you are at in your investment stage by:

1. Simplifying investing
Dealing with Council or tradesman is challenging. So keep it simple. get a good foundation of 3 to 4 properties before looking to develop.

2.   Avoid making rookie mistakes
Use the people around you to leverage you in this area.

3.  Your personal growth
Mindset shifting all through the investments process is important, such as learning to trust the people that you work with.  

Luke has seen that property investing can build your wealth and put you in a better position than you are in right now. it may involve risk but calculated risk. 

The program is about getting you there and making you take action and go through that process of transacting a property.

An overview of one of Lukes' programs called The First Time includes a 6 months program with the key outcomes of buying 2 – 4 properties:

(note: everyone’s circumstances are different)

1st session – Current situation review
2nd session – Goal setting
3rd session – Gap Analysis
4th Session – Planning
5th Session – Action
6th Session - Property review 1 (purchasing the property and managing it)
7th Session - Property review 2
8th Session – Settlement check list
9th Session – After settlement checklist
10th Session – What’s next         

For more details on this program or any other programs that Luke runs visit http://www.firsttimepropertyinvesting.com.au/

Take the emotion out of buying an investment. What is holding you back?

When will you take action?

 

16 August -  Pathway To Your First Property Investing

Luke’s heart statement is that Property Investing isn’ t really about Property, and the accumulation of houses, apartments, etc. its more about the real question on what your reason for wanting to accumulate more wealth?

Is it about more choices?  living your passion? traveling? security for your family, your children, your grandkids? retirement? new business? 

Luke's first incline was about getting out of a job where he was no longer thriving, where he felt constricted. All he wanted to do was have the freedom of choice. Property investing created this opportunity to build an income. Luke’s ‘why’ has changed over the period he first started to be serious about property investing.

Now his 'why' is about helping others building the same wealth for themselves through his business ‘First Time Property Investing’ and having the time to be able to do this in a big way.

This talk was not about how you become the owner of 20 to 33 properties as everyone is in a different place. It’s a discussion around motivating you to think about that path in property and lead you in the next few steps to get there, hence making money for those life choices that you would like.

Luke didn’t realise that he was acting in his subconscious as he spoke out what he wanted. Every day he fixed his mind on what he knew he wanted and went for it. What are you going to do in the next day or next month that will get you to your vision or goal? 

Challenges you may have and how to avoid them for clients

a. Knowledge

Educating yourself in property is a very important step. Conduct your research in the property market. Attend good property seminars, trade shows, and workshops. Know how a system functions and attaining good insights allows for better clarity in your decisions compared to if you go in blind.

Watching videos, attending seminars, going to auctions are ways that you can become knowledgeable and expert is going to be a key to your success.

b. Dream Team

Going in alone has its risks and although you may think you are saving money, you are probably not giving yourself a safer option. Have a good and strong team to bounce ideas off and to help you manage your portfolio with the use of experts in that area. e.g having a property manager who knows how to deal with tenants and ensure your property is taken care of and rent is paid on time or have a specialist to inform you on which market to buy in that will grow in 3 – 5 years.

Making sure that you have a good team to assist you to make the right decisions

c. Mindset - Investing in property is:

             Mindset – 80%   :   Property Knowledge – 20%

Think of different strategies. What are you going to do differently compared to everyone else? Could you buy with a partner or get a get a second job?

Hang around the people who are investing, you never know the ideas that come out of simple conversations. They say the 5 people that are around you are the average of what your income is.

Why and where do you want to get to? What’s your relationship with money?

3 keys ways to starting in a property investing

1. Getting started - Taking action

You don’t need to wait to get the perfect investment. The idea is not quite about the how but what you can do today, tomorrow and next week to get there and keep it as simple as buying 1 or 2 properties every year.

2. Work with experts and build relationships

Work with Experts – bookkeeper, property manager, mortgage broker.

Build relationships – connections worth those who have done it before – Tap into experience, knowledge, and skills. Attend seminars – maximise the event. Wait for the people to turn up to rack their brains about the key topic around and stay back after and pick their brains again.

Be persistent – email, phone calls and build the relationships.

3. Patience

The property is not a get rich quick style of investing. All the tv shows are fabricated and it's important to realise that it doesn't happen overnight. 

Property Market Update as of 6th of August 2017

  • Stamp duty reduction 1 July 2017 

if you are first home buyer purchasing a property under $650 000. you can have your stamp duty removed completely. If it's above this dollar value thresh hold there are incremental percentages that will be deducted from the stamp duty.  

The importance of this knowledge is you need to be careful about buying property in a frantic activity environment especially where government intervention is, because of competition you will end up over paying the value of that property. Thus often taking a while to repute that money in growth.

So make sure you are observant and ask yourself:

i. How many people are at the home auction?
ii. How many have bidding paddles?
iii. Are they all actively bidding?
iv. What’s the value of other properties in the area? 

  • Lending restrictions

The government is currently pushing for the banks to hold off and tighten up on lending.

If you are in the position where you are considering buying property go to a mortgage broker and get your pre-approval in place, have an idea of what you want to buy as well. So as soon as it's in the process and approved you need to work fast as the lending conditions are changing so fast, and at the moment week to week.

Due to this increase in lending rapid lending behavior, it places a restriction on how fast people can purchase. Although currently there is an increase in the number of loans that are written by lenders mainly because there is a lot of activity in the building, lots of transactions are still being completed and developments and the low-interest rates are very attractive for investors. 

  • Showing of auction markets

Clearance rates are slowing down Main auctions in Sydney and Melbourne they are slowing down from the low to mid 80’s to low 70’s high 60s.

 You need to be aware of at the number of auctions listed for Saturday, second is number reported is less than what is listed. At the moment there are about 400 auctions vs 600 listed, SQM research and reported on this that these figures in 2015 were 15 to 20 percent compared to today which is about 35%. there is something to be aware

Consumers are affected by the media, so know what these influences are. How they think about the knee-jerk reactions followed on by a media release and how you are going to position yourself. 

Key regions to invest at the moment

More affordable markets at the moment are Brisbane – (30 to 40 km radius from CBD). Many Melbourne or Sydney families are moving up to Brisbane.

Mainly think about affordable markets when you are looking to invest. The ability to buy numerous properties to be more reliant rather than one purchase of 1-million-dollar value as an example. 

Luke’s has three great programs will help you have the right knowledge, support, and insights. He focuses on achievable outcomes for where you are at in your investment stage by:

1. Simplifying investing
Dealing with Council or tradesman is challenging. So keep it simple. get a good foundation of 3 to 4 properties before looking to develop.

2.   Avoid making rookie mistakes
Use the people around you to leverage you in this area.

3.  Your personal growth
Mindset shifting all through the investments process is important, such as learning to trust the people that you work with.  

Luke has seen that property investing can build your wealth and put you in a better position than you are in right now. it may involve risk but calculated risk. 

The program is about getting you there and making you take action and go through that process of transacting a property.

An overview of one of Lukes' programs called The First Time includes a 6 months program with the key outcomes of buying 2 – 4 properties:

(note: everyone’s circumstances are different)

1st session – Current situation review
2nd session – Goal setting
3rd session – Gap Analysis
4th Session – Planning
5th Session – Action
6th Session - Property review 1 (purchasing the property and managing it)
7th Session - Property review 2
8th Session – Settlement check list
9th Session – After settlement checklist
10th Session – What’s next         

For more details on this program or any other programs that Luke runs visit http://www.firsttimepropertyinvesting.com.au/

Take the emotion out of buying an investment. What is holding you back?

When will you take action?

 

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