1 week ago

Gary Lin

If you are a business owner, you should really look into the Business Finance Scheme loan.

Why pay 8%+ on your vehicle finance, when you can borrow at 2.25% for 5 years?!

In this video I will explain the new Business Finance Scheme loan that was revised few weeks ago, and how you as a business owner can take advantage of that.

PS: sorry for any spelling errors, and my daughter's at the end of the video
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Comment on Facebook

Thanks for taking the time to make the video Gary is very timely and useful information for me to consider.

Jacob Barnett This is interesting

Feel free to message me or drop me an email at [email protected], if you want to have a chat about the Business Finance Scheme loan for your business.

Thanks for putting this together! Very useful 🙂

2 weeks ago

Gary Lin

Strong housing market fueled by:
1) record low interest rates, that keep falling
2) ease of lending criteria by banks
3) no brain drain due to covid
4) positive population growth
5) catch up in house construction in most centres, aka lack of supply

Imagine what the housing market will be when covid is gone!
... See MoreSee Less

Strong housing market fueled by:
1) record low interest rates, that keep falling
2) ease of lending criteria by banks
3) no brain drain due to covid
4) positive population growth
5) catch up in house construction in most centres, aka lack of supply

Imagine what the housing market will be when covid is gone!

 

Comment on Facebook

Covid gone?

Phill Su

B U Y BUY B U Y BUY BUY BUY BUY

3 weeks ago

Gary Lin

3 buying tips for today's hot property market. ... See MoreSee Less

 

Comment on Facebook

Gary, you are a proponent of adding an internal bedroom to your properties to increase rental returns. We have a large townhouse with 2 lounges and is prime to add a bedroom. It is currently 3 bedrooms and adding a room should increase the rent by $100 per week. The question is should we do it, is there much appetite for 4 bedroom townhouses, the house in in papakura in a great location.just wondering if we should do this. 5k per annum is enticing!

Agree about not paying cv. Needs to be some sort of COVID discount

Fraud rental appraisal sounds pretty bad:(((

Karlene Mackey

Let Cezar

Hey Gary Lin Why Weymouth is your favourite suburb? Is it because it's near water ? Or Any potential? Property is taking longer to sell their and rent is low compare to other suburb like manurewa and papatoetoe . What's your thought behind favourite?

Chonticha Ayumi Nomnoo

+ View more comments

4 weeks ago

Gary Lin

Congrats to my students Junaid and Océane purchasing their first investment property!

4.5% gross yield, and this kind of rental return won't last very long, as mortgage interest rates continue to drop!
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Congrats to my students Junaid and Océane purchasing their first investment property! 

4.5% gross yield, and this kind of rental return wont last very long, as mortgage interest rates continue to drop!

 

Comment on Facebook

Well done!

Nice one!

4 weeks ago

Gary Lin

What's been happening in the property market, before and after covid lockdown. ... See MoreSee Less

 

Comment on Facebook

😁🏡🚀

4 weeks ago

Gary Lin

Wow what a record % over CV!

Auckland property market is red hot!

Well done Cici Wang @ Barfoot & Thompson!
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Wow what a record % over CV!

Auckland property market is red hot!

Well done Cici Wang @ Barfoot & Thompson!

 

Comment on Facebook

Phill Su

Nguyen Quynh Trang

Can Ci Ci sell my property? 😊

Adam Bennett

Congratulations to everyone involved. Cici Wang Properties We are so proud of your hard work. 👏

Even though I could buy something like that, I’d rather have passive income and just the modest 1.5M house we have. No stress then. Don’t have to keep up with the Joneses.

Jagmeet Singh

Invester calculated based on per dwelling cost. You can get probably at least 4+ dwellings on that suburban zone land. Each new town house will probably market at 2.5m+. Margin is getting tight

Wow maybe I should sell when my RC comes rather than build then sell

Clearly the CV was way off as many are 😂

Carolyn Vernon

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1 month ago

Gary Lin

It's sad that NZ is moving into lockdown again, after 4 new cases linked to community transmission.

However the bright spot for property investors, is that home loan interest rates are likely to drop further.

This will ultimately offset any downward pressure as a result of the economic impact from covid 2nd wave lockdown.
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Its sad that NZ is moving into lockdown again, after 4 new cases linked to community transmission.

However the bright spot for property investors, is that home loan interest rates are likely to drop further.

This will ultimately offset any downward pressure as a result of the economic impact from covid 2nd wave lockdown.

 

Comment on Facebook

oh yeah can't wait for that. Happy lockdown everyone 😀

Inflation is coming

Interest rates dropping but many are on fixed terms , my break fees are range from 4 - 7.5K

Phill Su

Hahaha.. looks like the fed been hijacked..

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2 months ago

Gary Lin

Good job Anny & Benny on purchasing your 1st investment property! ... See MoreSee Less

Good job Anny & Benny on purchasing your 1st investment property!

 

Comment on Facebook

Congratulations 🥳 !!!🙏

2 months ago

Gary Lin

My student had to beat 5 other offers (4 of them above asking price) to buy this Hamilton purchase!

Rental return close to 5% gross yield.

Each property my students had put offer on were all multiple offers.

They secured this one under asking price and below 4 other offers, because they put in an unconditional offer!

Make sure you tick ALL your boxes when doing due diligence before committing to an unconditional offer.

Hamilton market is red hot!
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My student had to beat 5 other offers (4 of them above asking price) to buy this Hamilton purchase!

Rental return close to 5% gross yield.

Each property my students had put offer on were all multiple offers.

They secured this one under asking price and below 4 other offers, because they put in an unconditional offer!

Make sure you tick ALL your boxes when doing due diligence before committing to an unconditional offer. 

Hamilton market is red hot!Image attachment

 

Comment on Facebook

Congratulations!!🥳🥳

You should come down to Dunedin!

Hi Gary, if gross yield is close to 5% what is the net yield? Are they going to manage the property themselves? 😅

Master Gary!🙏

What suburb of Hamilton? U allow to post any numbers?

Nice work Guys

What potential does it have?

Nice results Gary Lin

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2 months ago

Gary Lin

Wow the NZ property values have gone up quite a bit over the past 12 months! ... See MoreSee Less

Wow the NZ property values have gone up quite a bit over the past 12 months!

 

Comment on Facebook

About 10% like they should?

Gary Lin You were/have been pretty Auckland centric, now including the Tron. Does this sort of results elsewhere influence your thinking?

Lindsey Shaw .. gisborne is where it’s at .. Road trip maybe?

3 months ago

Gary Lin

Expect competition for jobs, properties, and rentals to go up!

21,000 arrivals up till 30 June, with another 3,200 expected in July.
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Expect competition for jobs, properties, and rentals to go up!

21,000 arrivals up till 30 June, with another 3,200 expected in July.

 

Comment on Facebook

Simon Abbott

Tons of new clients for me 🙂

Interest. co.nz paints a very different picture 06/07/20 front page

3 months ago

Gary Lin

In Podcast #6, Gary and CJ, both property entrepreneurs, what the post covid environment mean for property investors going forward.

For the full length podcast, go to:
youtu.be/spTi9QZhH-A
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Comment on Facebook

Cj Ratwatte

4 months ago

Gary Lin

In Podcast #5, Gary and CJ, both property entrepreneurs, talk about the right mindset and the ongoing personal development.

Why the right mindset and personal development are needed to survive and prosper in the post covid-19 environment.

For the full length podcast, go to:
youtu.be/A6y6satdtRE
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Comment on Facebook

Cj Ratwatte

4 months ago

Gary Lin

In Podcast #4, Gary and CJ, both property entrepreneurs, discuss how to prepare for the post-Covid recession.

Specifically on:
- How Gary has prepared for recession
- having reserves
- recession proof your job/business
- use of revolving credit

For the full length podcast, go to:
youtu.be/mkjRqaJxqFM
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Comment on Facebook

Banks don’t give out revolving credits so easily now

Is that one year income of all 14 properties?

4 months ago

Gary Lin

In this Podcast #3, Gary and CJ, both property entrepreneurs, discuss their advice for beginner property investors, and what's happening in the property market.

Specifically on:
- what to buy
- what not to buy
- money mindset
- areas to avoid
- no money down strategy
- real life examples of great property deals

For the full length podcast, go to:
youtu.be/WCnezi6oNz4
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4 months ago

Gary Lin

Gary's Podcast #2 - Leveraging Debt, Interest, Inflation, and the Rat Race

In this podcast I will discuss about the the rules of the money and property game:
- devaluation of debt
- interest
- inflation
- leveraging debt
- Rat Race

For the full interview, go here:
youtu.be/dBSmhr5OBBg
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Comment on Facebook

Great talk Gary Lin. Keep this going! Also, next time if you like I can set up a set at your place so you get some proper lighting and video for free 🤟

Awesome work Gary Lin Sounds like the story I commented earlier with my grandad paying $2000 for his first property and kicking himself for selling it now! Lol Debt devalues

What’s the link

4 months ago

Gary Lin

Gary's Podcast #1 - Journey to Financial Freedom, interviewed by CJ Ratwatte, property investor and entrepreneur.

In this interview, I will share my early journey and struggles before I achieved financial freedom with property investment.

For full version of the Podcast:
youtu.be/qZkmkN2JBKI
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4 months ago

Gary Lin

Wow almost $300k equity made, and 33% equity gain!

What a No-Money-Down deal!

Congratulations student A!
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Wow almost $300k equity made, and 33% equity gain!

What a No-Money-Down deal!

Congratulations student A!

 

Comment on Facebook

Awesome gains! Which region was this in if you don’t mind me asking

30k for SD???!?

You had me at “Master Gary” ... 😂

Any cashflow?

Mmm interesting to know more

Wholly mack! Was this in Auckland? Must have been a stroke of luck to get 2 properties for $662.5k 😮

Master 😆

Great result 🕺

Was it a property with two houses on it? Or had to be subdivided and built?

same question how much for subdivision etc.

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4 months ago

Gary Lin

Population growth is by far the biggest factor influencing house prices.

Simply tracking the past historic population growth vs house prices can give you a very good prediction of prices in the future, provided population growth stays similar.

Here's why population growth is 1 of 7 forces that drive up property prices.
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Comment on Facebook

You said "population drives house prices'. But actually your point was 'as stated' population growth. But actually, this is not correct. The 'monetary phenomenon' are first, along with incomes.

Supply and demand. In Malaysia population growth has been steady, but oversupply of high rise housing diminished any gains

4 months ago

Gary Lin

Is your money work hard for you? Or your money is being devalued by inflation?

Money devaluation is a big driving force in increasing property prices, and also why most people who don't invest, can't get ahead.

Here's why money devaluation or inflation is one of 7 forces that drive up property prices.
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Comment on Facebook

Hi. Great job. What will happen when the USD balloon blow up?

what you need to look at is average price property vs yearly average yearly wages history from this data you can see that property is in a bubble can it go up more absolutely is it a good long term investment not in my opinion is it better than cash debatable. in the past yes but in the future I'm not so convinced.

I need a printing machine

Thanks Gary for your videos👍

5 months ago

Gary Lin

What are the 7 forces that drive property prices?

Power No. 1 is the Shelter Effect!
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Comment on Facebook

Gary some great advice and I watch one of YouTube videos about buying properties. You mention properties we SHOULD NOT BUY e.g near pylons, motorways, and railways but what are your thoughts on buying properties on/near busy roads?

5 months ago

Gary Lin

WOW!

Less than 4 months since purchase, my student made $166,000 equity, and 19% equity gain!

This is what I love about property investment!

With 20% deposit for investment properties, my student can get finance for their second purchase now!
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WOW! 

Less than 4 months since purchase, my student made $166,000 equity, and 19% equity gain!

This is what I love about property investment!

With 20% deposit for investment properties, my student can get finance for their second purchase now!Image attachment

 

Comment on Facebook

Have you or one of your students invested in new builds with 10% deposit before?

Its 20% for investment property now?

So he done nothing?

Lovely

5 months ago

Gary Lin

If you want to play the real property Monopoly game well, then you have got to understand how the game works and the rules of the game

Let's look at the 7 forces that drive property prices.
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Comment on Facebook

Hey bro can i have your thoughts on this? Im looking to buy my first home but i want to get into investment property as fast as possible. Im 24, i have 45k deposit, and im single working. Would it be better to buy an apartment at 150k and pay it completely off over the next few years then buy some apartment blocks or units or would it be better to buy a house around the 400-700k range gain equity and then look for investment properties.

Stephanie Lai here you go 😁

Nice breakdown Gary 😉

5 months ago

Gary Lin

4 Key differences between the Covid-19 recession, the Spanish Flu, and the Great Depression.

Plus why I think the next 10 years, the Roaring 20s (2020s) is going to be FANTASTIC for property investors.
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Comment on Facebook

Do you see house prices dropping in the next 6-12 months? By how much?

Rumilda Raps

My money is on Ray dalio being right and you being wrong.

Good morning 🌞

I worry that if everybody borrows like crazy and keeps savings loose value in the bank the....feds who keep printing money will collapse some currency’s. Hyper Inflation happened in the 90s and impacted many Euro country’s.....some rich people who had a whiff prior borrowed and became rich overnight. Imagine those who have saved all their life and overnight their savings is worth one carton of milk? Hyperinflation is welcomed by big company’s as it eradicates their debt. One good side to hyper inflation I guess is that if you have a fixed loan of $700k imagine paying off your loan over night for $700 dollars. These manuveres happened in history and made some of the richest people in the world. They got a whiff borrowed heaps of money turned it to gold bla bla. I just think if we have a second wave of corona it could get to be a roll of the dice

Joe Merritt

Your a smart guy Gary Lin I think your on the right path in relation to financial... Would you agree it’s a good time to take out a small load say 80-120k?

McCall

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5 months ago

Gary Lin

Mortgage Adviser - MatthewDawe.comWhat are the projections for the property market? ... See MoreSee Less

5 months ago

Gary Lin

2 ways to protect yourself against this recession. ... See MoreSee Less

 

Comment on Facebook

Wow 2.8 k viewing 👍👍

5 months ago

Gary Lin

Lessons from a flash back to 2010, where I bought and sold 20 vacant sections in Lehigh Acres, Florida, as my first real estate business.

All the 1/4 acre bare land sections were bought, marketed, and sold online. See the pictures of the listing below.

This was between 2009 & 2010.

I have never set foot on US soil until 2016, and that was Las Vegas.

To this day I still have not been to Florida.

Before taking this huge step, I had prior read Rich Dad Poor Dad by Robert Kiyosaki.

I had the dream of investing in property so that I can achieve financial freedom, and to quit my dad job as a civil engineer.

Then attended a $5,000 3 day Auckland seminar on buying and selling US Tax Liens and Deeds.

It took me a few months to learn and figure out which state and town I should target.

Somehow I ended up looking at flipping land in Lehigh Acres in Lee County, Florida.

Lee County was one of the first counties in US to stage Tax Deed auctions online.

Each county auction started at 10am Florida time. That meant I had to stay up to watch the online auction starting 2am.

Some nights I had to wait until 6am until the lot I was interested bidding come up.

Then off I go get ready for work the next day.

Very little or no sleep.

Once I bought the land, I had to learn how to sell it.

I had to learn how to make my own listing online via Ebay or another real estate selling site, using HTML format (see the pictures of one of the listing).

Then where do I get the real photos of the land?

I took screen shots off Google Streetview, and Eagle Eye from Bing.

Make the buyers visualise the land they are bidding for.

Once I sold them, often only $100 to $500 USD profit per sale... I had to learn how to transfer the title, at a cheap cost.

I created my own Title Deed, get a Notary of Public to witness my signature, and post it to the local County title office to have the title transferred.

Why did I gave it up?

Three reasons:
1) it took too much time and effort, especially staying away all night for the weekly auction

2) too little profit, considering the real estate market had just went through a GFC in US. Land prices used to be 40-50k USD back in 2006, and I was buying them at $2000 USD each

3) I found a better way, I subsequently invested in 14 Auckland property between 2010 to 2016, and the rest is history. You can find my success story on NZherald

The moral of the story, if you are a business owner, or a property investor, always constantly learning, pivot, and refine and find better ways to create wealth, sooner, and easier.
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Comment on Facebook

Lawrence Makiri it’s called leverage - get creative with using what you do have to your advantage to access capital. Relationships, skills, location, time. Hope that helps 🙂

learnt heaps, thanks for the story

Good work. What would you advise now in Hamilton?

Weldone !! Gary keep up Great Work and inspiring others to invest smarter!!

Awesome Gary

Eddie Zaya

How does someone create an investment or portfolio if they don’t actually have anything?

Didn't you get 200k loan? 🤔😅

Very cool!

+ View more comments

6 months ago

Gary Lin

Motto for building our brand, and living our life. ... See MoreSee Less

Motto for building our brand, and living our life.

 

Comment on Facebook

Precisely why I started Agent Of Change. Gary can we have a chat sometime please?

6 months ago

Gary Lin

What do you need to prepare for, when applying for the government introduced Business Finance Guarantee Scheme? ... See MoreSee Less

 

Comment on Facebook

Subinderpal Singh

Thanks great advice G...

Some great advice Gary Lin 👊

6 months ago

Gary Lin

Below is the process to follow, for the government wage subsidy scheme, and how to pay your employees during the lockdown. ... See MoreSee Less

Below is the process to follow, for the government wage subsidy scheme, and how to pay your employees during the lockdown.

 

Comment on Facebook

It’s available to contractors as well.

Thanks this resolved my query in no time. I'm an essential business and some of my employees refused to show up at work due to family pressure thinking about their safety. I respect their decision. But I don't have to pay them because I'm happy to provide then the work as per minimum agreed hours, but they don't want to work. I have told if they want to be paid without any interruption, just need to come to work and that's all. They are my good cleaning staff. I am needing to pay extra for other cleaning companies to keep the work going, which is costing me more than double. Am I doing it right within the legality?

6 months ago

Gary Lin

All businesses need to learn and start doing business online, and from home.

Today is my daughter's first virtual real time art lesson.

Adapt or die.
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6 months ago

Gary Lin

Day 10 of Lockdown

It's been an incredibly busy week and working hard to help small business customers in the bank.

Life has been fantastic working from home, no traffic jam, no doing up my hair, no cutting my beard, no hair spray, and get to work from bed in less than 10min!

Work wise there has been incredible pace of changes in the lending environment, with introduction of the Business Finance Guarantee Scheme that came out on Thursday.

Unfortunately like I said previously, the government should have came out with this scheme 2 weeks ago, and it should cover ALL small businesses, not just turnover of over $250k a year.

Also pretty disappointing to hear our Reserve Bank governor Adrian Orr saying that the government cannot save all businesses... Yet Australian government has came out with a broad range of support packages for SME and employees, without business turnover limit...

Lastly sad to see big companies like Skycity and Fletcher Construction starting to cut staff and salaries, and unfortunately more will come next week I suspect....

Going forward I will focus more on the positive side, give you all more property related education, and scenarios for different types of businesses how to grow in a digital online environment!
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6 months ago

Gary Lin

Market Briefing with Larry Fink- Blackrock CEO

State of global markets:

• These are unprecedented times – haven’t seen anything like this in my 44 years in finance.
• This is not a financial crisis. Dependency on central banks to moderate the problem can only achieve limited results
o We are seeing central banks become very aggressive, taking on responsibility of stabilizing markets, doing a good job of providing liquidity - unlike 2008 which became worse and worse because of liquidity crunch
• That being said, a lot of leverage in the system – personal leverage and hedge funds. We are seeing vast amounts of liquidation particularly amongst hedge funds which is causing huge stress in markets
• But again, this is not a financial crisis. That’s why when fed announces ambitious programs, markets continue to slide. This is a crisis of confidence
• We’re all triaging – we are doing everything we can, some measures won’t work, but overall, we will recover
• We are working with the government and doing everything we can to stabilize the economy
• We need to determine how much fiscal policy we need, which is ultimately a function of the curve of the disease
• If it peaks in the U.S. at end of April, which many scientists suggest – we have 5-6 weeks left of this, then another 5-6 of watching infections decline. Altogether, that would suggest a 3-4-month problem
• If we look to China as a barometer, they were able to mitigate the pandemic by closing down their economy quite severely, and it took them about 10 weeks to recover
• Much harder to completely shut down democratic economies vs. autocracies. That’s why I’m suggesting it will take the U.S. 3-4 months stop infection rates
• If this is true, how do we ensure Americans have money to live, small business can survive, etc. This is where fiscal policy comes in
• Recommend to everyone who’s listening – if you agree with us that this is a 3-4-month problem, do not run away from the world of investing
• If anything, with markets down 30%, credit spreads of hundreds of basis points, you can buy floating municipal bonds at 1% - we are seeing opportunities you would have dreamed about 5 weeks ago
• The most important thing – take a deep breath, have a long-term perspective
• Watch what China did – room to start looking at curve of infection rate, where are the opportunities to invest


Company priorities:

• Every company is looking to ensure they have enough liquidity, and that employees are taken care of and feel comfortable. Purposeful companies know that employees come first
• There are some companies that are benefiting from this calamity (Kroger’s, P&G, Amazon, Netflix, etc.). Many sectors of the economy are seeing overwhelmingly more demand, but the impact on small business is devastating
• My conversations in china – factories went from closed to up to 80% production again. U.S. companies need to focus on preservation over the next 8, 12, 20-week period
• Blackrock needs to make sure we’re working with our clients, protecting employees, and preparing for stability and the inevitable rebound
• We’re helping many industries (insurance, pension clients) navigate uncertainty, take advantage of adding risk, big opportunities, yields + dividends that you dreamed about just weeks ago
• We are seeing a huge opportunity to run into the markets – not fully today, but systematically recommending that clients take on risk

Blackrock’s operations:

• We are focused on ensuring that our culture as robust today as it was 8 weeks ago
• Today we have 8-12% of employees in offices, more employees are coming back to offices in Asia
• Most important thing is that our team is connected, that they’re communicating to all of our clients
• A lot of people aren’t thinking about culture during this pandemic. The difference between bad and good companies, and good and great companies is culture. It has to be virtuous and connected, especially when everyone is WFH
• We are working really well at home, have great technologies in place (Aladdin system – singular technology platform)
• We are overcommunicating - I just issued a video message to all employees, every day we are communicating to employees about what we’re doing, sending a daily communication about what our clients are doing, etc.

Collaboration with government:

• Entering election period in America – there is no time now for partisanship
• Doing everything we can help America and Americans. Working with this administration as best we can, working with democrats in congress, working with both sides
• Tying to accelerate action by government to reduce fear amongst Americans, providing support to Americans who are losing jobs, working with regulators and making sure markets stay open, fluid and functioning

Long term impacts/behavioral changes:

• One thing that’s fair to say – I don’t see how movie theaters ever come back, I think we’re going to see real pressure on commercial real estate
• More and more companies finding that WFH is a functioning way of working - Especially with technologies like Aladdin, single platform, video conference, etc.
• I still believe in congregation – pods of excellence are important. Still believe that water cooler talk creates the most ingenuity
• We may see long term behavioral changes. More Americans may cook from home (bad for delivery services, great for grocery stores perhaps)
• Need to think about these behavioral changes as investors.
• No question – this is going to leave an impact on every human being, will overall create a little more fear
• People will hopefully realize they need to save more money, invest long term. This could be a great outcome. A personal safety net is imperative


Globalization – challenges, benefits, changing attitudes:

• Some people think globalization created the virus. In my conversation with CEOs, their attitudes have not changed
• Globalization has lifted more human beings up in shorter period of time than anything we could image, this won’t change. Trend towards globalization is not going to go away
• Believe there will be great opportunities to invest overseas again. America is in great position over next 10 years
• This pandemic is going to force more and more businesses to think about how they can be more connected in all the societies they work in
• Sustainability – with the pandemic, and oil prices + economy where they are, whole issue of sustainability has become secondary. I do believe when we’re behind this crisis, and we get back to normal, and we look at death rates and cause and effect, we will see evidence that death rates were higher in areas with more pollution. Until then, sustainability will be secondary to pandemic

Perspectives for clients’ clients:

• BlackRock has always focused on long term
• We are being opportunistic and buying companies during this time
• I have no idea if we’ve hit bottom yet, but I do know where valuations are over a long horizon, credit valuations over long horizon – there are good opps out there
• Urge everyone, if you have long liabilities, if you don’t have leverage with your clients /own portfolio, time to start adding risk, not running away
• At BlackRock globally, we have seen little in terms of redemptions. Of course they have accelerated over the last few days during panic, but the massive declines are amongst leveraged hedge funds, leveraged mortgage REITS and leveraged companies
• Core investors not witnessing that much selling
• Strong recommendation to all of you: if you don’t have to sell, and you feel nervous, go have lunch with your spouse
• Not a time to be running away from risk over a long horizon. Markets can still fall from here. 6 weeks ago, DOW was 30% higher than now, corrections over a long run are good, wipe out leverage, reassert it, 5 years from now those are adding risk now, will feel pretty good about it.
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6 months ago

Gary Lin

Day 5 of Lockdown

How has the lockdown been affecting me and my family?
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Comment on Facebook

Man, are you sure only day 5 ?

Suns out Guns out.

6 months ago

Gary Lin

Day 3 of Lockdown
1) employees are scrambling to work out the correct pay to pay their employees
2) US & Australia not in lockdown and infection numbers continue to explode. (Italy death number went up by another 969 yesterday)
3) NZ Government is bringing out the printing press of $52 billion of much needed stimulus to businesses
4) Interest only extension up to 12 months, vs mortgage deferral up to 6 months
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Comment on Facebook

Is the 52b being printed or is it a loan. if it is a loan is it denominated in nzd or usd?

Hi Gary. I appreciate your knowledge and opinion. Do you think the banks will or be forced to pass on a true mortgage holiday ie; one that doesn't see a deferred and compounding mortgage interest rate accruing greater debt in the background versus one where the period could be grace or dare i say it, a wholesale rate while New Zealand and Kiwi's in general find their feet? In my own example as a landlord, both my tenants and i have all lost our jobs and i would like to pass a true rent holiday (live for free) or at least a heavy rent discount to allow them to get over the hump but with their payments servicing the lion share of my mortgage debt, now not having a job myself means i'm not in a position to be accomodating if the banks don't play ball. There are no doubt thousands like me in the same or a deeper position and there will be civil unrest if the banks profiteering engine is allowed to run untethered as the Covid event and fallout extends into the future and everyday people and businesses are doing it so tough through no fault of their own.

I'm worried sick about my son, he's a fifo worker ,he lives in Western Australia...and they are not in Lockdown????

Australia is just doing terrible...

+ View more comments

6 months ago

Gary Lin

Day 2 of lockdown

Even working from home it's been incredibly busy at work.

So glad Friday is here!

However, we are just in the beginning of a lot adjustments and pain, and the economic impact of this crisis has yet to be fully felt...

America, 3.3 million workers lost their jobs in 1 week...
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6 months ago

Gary Lin

As NZ is in lockdown due to Covid-19 virus.

NZ businesses, employees, employers, and the economy are in BIG trouble.

There is only one solution...
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Comment on Facebook

If you let it crash and debt deleverage the economy will recover much stronger however the banks dont want this its bad for banks when potentially billions disappear from there books. If you try to print you way out of it you will get Japan sagflation.

.... QUARANTINE MUST FINISH ASAP ...... THIS IS ONLY SOLUTION ......

Don't be afraid. Things will be better.

Good presentation and you have made it clear it’s not all sectors, primary industries are still running and exporting, and we will bounce back but there needs to be some short term support.

To get some more revenue now all you property investors should pay capital gains tax since as a payback for mortgage stop page and bailout

Good video verlocity is a very important factor. Also not the full picture. The low dollar is great for sheep and milk. Which are some of our major exports.

Where will govt get the money from? Someone has to pay?

Don't worry about the money. Worry about the people a going to die.

Thanks Gary! Two questions: If you have money, what's the best thing to do with it, other than spend? And, when do you expect that we will start to see house prices fall?

Excellent video Gary. And so very true.

Business owners, shareholders, self employed people are eligible to get the wage subsidy

Great overview video thank you.

So true. Have to be extra careful with our money. We shud get our tax back if we need it. Govt is keeping our money.

Awesome Gary 👍

+ View more comments

6 months ago

Gary Lin

Covid-19 Lockdown - Day 1

What's been like working from home?

I feel incredibly grateful not being affected significantly financially, compared to many other business owners and employees of struggling businesses.

Also being at home, I can get to work from bed in less than 10min!

Been tiring working for the bank 10 hour days last 3 days, helping out many distressed business owners and customers to the bank.

Feeling grateful to be alive, not in financial stress, as I have been preparing for an economic shock for the past few years.

Looking forward to work hard over the next 27 days and more!
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6 months ago

Gary Lin

Mortgage repayment holiday is much needed right now... ... See MoreSee Less

Mortgage repayment holiday is much needed right now...

 

Comment on Facebook

Does it apply to Total money loans also?

What will that do for landlords?

Positives and negatives if any, a lot of mixed opinions floating around.

Payments are on hold, they still need to be paid.

6 months ago

Gary Lin

Covid-19 impact is getting worse, and NZ is moving towards lockdown after Wednesday.

This is my advice to my students and to all of you to get prepared.
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6 months ago

Gary Lin

If you have friends or colleagues that moan about the crisis all the time.

Best to practice social distancing with them NOW 😉
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Comment on Facebook

Yes Indeed A Wonderful Bonus..😍

Phill Su you 😵

6 months ago

Gary Lin

There is a lot of doom and gloom out there, but here is why the next 3 to 6 months is the best opportunity to get into the property for the next 10 years.

Remember what Warren Buffet famously said:
- Be fearful when others are greedy, and be greedy when others are fearful.
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Comment on Facebook

Margot Hope

1 million nz passport holders not living in nz at mo

I'm thinking the fear is in the stockmarket. Maybe you should diversify? Be bold!

Ange Hirst

James Antony

+ View more comments

6 months ago

Gary Lin

What we learnt about Prime Minister Jacinda Arden's announcement today :
1) schools NOT closed unless a puple has been infected
2) Alert Level 2, community infection growing
3) employees of businesses start working from home
4) Avoid all non-essential domestic & international travel
5) Essential services like supermarkets and pharmacies will remain open, and shelves are stocked
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6 months ago

Gary Lin

The golden opportunity to build your business in the next 3 months during this crisis. ... See MoreSee Less

 

Comment on Facebook

Good tip. One door closes and another one always opens. Your a smart dude. 👍

Always opportunities and opportunists 😃💰🏡

Can u talk abit about whats happening with kiwisaver

Yes bro. It's golden opportunity

Thanks Gary

Thanks Gary 😊

Haha..."angry face"...always a good watch.

Hi Gary

Good stuff Gary

Great idea Gary

+ View more comments

6 months ago

Gary Lin

How to protect yourself against the economic impact of Covid-19, as a property investor?

1) Have 1 years rent as revolving credit facility

2) Keep a close eye on your job status and how your employer is doing. Keep your CV up to date. If you lose or about to lose your job, apply for unemployment benefit, and look for employment immediately

3) If you are a business owner, cut down all unnecessary spending, immediately discuss plans with your employees, and apply for government help immediately.

4) negotiate terms with your tenant if your tenant lose their job, come to a win-win situation so both you and your tenant survive and get through this.

Coombe Smith One50 Group - Property Accountants
Cash buffer for property investors
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Comment on Facebook

What about if we don’t qualify for unemployment benefit?

6 months ago

Gary Lin

The economic impact of Corona Virus is coming thick and fast.

Employees and employers/business owners, you must take action NOW!
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Comment on Facebook

Should be concentrating on driving not on a phone

Get some wireless headphones man. It's 2020

6 months ago

Gary Lin

NZ OCR cut by 0.75% down to 0.25%! ... See MoreSee Less

 

Comment on Facebook

Gary Lin what do you think, your bank digging their heals?

Hmm wonder if the banks will move today. Unless they have the petrol stations syndrome, Oil price goes up instant price change upward, oil price goes down, the offical message is "oh a lot more factors to the price of petrol than just oil" prices stay the same or very lil drop.

And watch a pittance be passed on to mortgage customers. Tips are in.

It will be at 0% or negative soon enough.

Sledge hammer.

+ View more comments

6 months ago

Gary Lin

Special property market update in the wake of the Coronavirus pandemic, and countries beginning to Lockdown their cities and borders. ... See MoreSee Less

6 months ago

Gary Lin

Coronavirus is affecting more and more of the western world, and potentially on a bigger scale for New Zealand and Australia in the weeks to come.

Prime Minister Jacinder Arden has effectively closed New Zealands border effective today, by requiring international travellers to quarantine for 14 days arriving in NZ.

You and I, as business owners, or employee of a business, and/or a property investor, must adapt to survive the next few months of uncertainty and turmoil.

Kerwin Rae
With everything that's happening with Coronavirus, we are entering unprecedented times that require plans for unprecedented measures. Please allow me to help you identify the 4 things that you need to do as a business owner in order to prepare and process and work through this historical event that has never been experienced before.

Please make sure to take note of each point, where you're at and what needs to be done at a goal, task and priority level to ensure you can manage the execution of each phase properly. Your business depends on this. Please make sure you watch this. Best of luck, i send you nothing but love, prosperity in this new time, in this new phase that we start to move through.

To infinity and beyond, love Kerwin.

#Coronavirus #Covid_19
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7 months ago

Gary Lin

Hot off the press!

Is this real???
... See MoreSee Less

Hot off the press!

Is this real???Image attachment

 

Comment on Facebook

Robyn Turner this is what I want

What happens after year 3 when interest rates go up to 5 or 10%?

May Natthaya look at the floating rate

Jo Leslie

How works this digital platform work for people with several houses and cross collaterals and complex LVR calculations?

Trevor Preston

Definitely a typo.

+ View more comments

7 months ago

Gary Lin

4 reason why I don't recommend new builds:
1) Brand new
-new car price premium

2) Big house small land
- building depreciates, and value is in the land, not airspace

3) Long settlement period
- opportuny cost, and potential finance problems down the line

4) Sunset clause
- some developers jack up the price before completion, resulting in loss opportunity
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Comment on Facebook

The sunset clause is meant to protect the buyers, unfortunately developers with smart lawyers have clauses that protect greedy developers.

Robyn Tamlin-Lea great to follow ! 😆

Great video, thanks Gary Lin.

Great video ! Love the simplicity and power of whiteboards. 1 question- I had a friend who just bought a new build on plans which will be ready by Dec and all he had to pay now was 10% and 90% on settlement. V likely the way market is going he will end up with equity on settlement. So what’s your thoughts on a case like that ?

What about new builds in new suburbs (Rolleston) of Christchurch? Say on 420m2 land w house 140m2. Land cost 150k, set price $305k fin product. 8 months to build.

Our long settlement was a blessing. Paid $10k deposit to secure the land. Our land value on 1.1hec more than doubled in the two years it took for title to come through. But definitely see the other side of it.

Gail Choie

Avalon Paton he’s great to follow also!

The current new build, especially in South Auckland are ugly and box shaped. In very short time the owners will feel the pinch.

I’ve seen developers cancel contracts on the people who had bought up front and then sell to HNZ. Bad form, but it happens.

Another thing to consider in these scenarios is shared property. If you are in a body corporate or share walls with a neighbouring townhouse etc it can be a nightmare to sort out any problems or get something fixed. In Christchurch nearly a decade after the earthquakes one apartment complex has only just managed to agree on how to spend the insurance payout so you can be tied up in something like that for a long time if something goes wrong.

Josh Jones

+ View more comments

7 months ago

Gary Lin

Property Market Update for February 2020:
1) property market especially Auckland is red hot!
2) Coronavirus impact to the economy, possible future OCR cut, and lower interest rates
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Comment on Facebook

Would you say open homes has potential risk? 😂 perhaps soon a buyers market instead aye

Derick Tan

Just sneeze to win auction 😜😷

Excellent information thank u

haha had to laugh at your comment re going to a crowded place and getting infected

Gary Lin with what’s currently going on right now would you still say it’s a buyers market?

+ View more comments

7 months ago

Gary Lin

What attracts me to be a Business Mentor with Business Mentors New Zealand is not only helping business mentees with their business challenges, but also meeting like minded fellow BusinessMentors.

It's like opening up a box of chocolates. You won't know what surprises you will find until you start having a good conversation with them!

Like Ida, who looks like someone working in HR, but actually runs a company that builds racing cars in New Zealand!

Or Matt, who looks like a corporate leader, actually runs a minerals mining company.

Or Daryl, who has got an excellent sense of humour, who brokers the sale of medium size businesses.

Or Steve, who dresses to impress, actually runs a SEO company, but now focuses on buying out other SEO companies in NZ and Australia.

Business can sometimes be lonely, and it's good to network and expand my horizon, and learn what other fellow business owners are doing.

#businessmentorsnz
#networkingbusiness
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What attracts me to be a Business Mentor with Business Mentors New Zealand is not only helping business mentees with their business challenges, but also meeting like minded fellow BusinessMentors.

Its like opening up a box of chocolates. You wont know what surprises you will find until you start having a good conversation with them!

Like Ida, who looks like someone working in HR, but actually runs a company that builds racing cars in New Zealand!

Or Matt, who looks like a corporate leader, actually runs a minerals mining company.

Or Daryl, who has got an excellent sense of humour, who brokers the sale of medium size businesses.

Or Steve, who dresses to impress, actually runs a SEO company, but now focuses on buying out other SEO companies in NZ and Australia.

Business can sometimes be lonely, and its good to network and expand my horizon, and learn what other fellow business owners are doing.

#BusinessMentorsNZ
#networkingbusiness

7 months ago

Gary Lin

More data from Real Estate Institute of NZ on the rise of house prices across New Zealand.

The property market is going to be red hot in 2020!
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More data from Real Estate Institute of NZ on the rise of house prices across New Zealand.

The property market is going to be red hot in 2020!

 

Comment on Facebook

Canterbury goes up 8%? I can't believe my eyes? I doubted someone made up those figures

Expect to see AK surge and most of the regions plateau when the cycle moves into the next phase, probably around America’s cup time.

Why do you think the West Coast is up so high?

Wow! Is that in the last 12 months?

Leighton Hoyle

I am really interested in getting started and starting the future in investing but I am finding it hard to get a foot hold in somewhere, how would you all recommend getting started?

Are banks going to let us borrow though?

Need regulation to stop the unsustainability

+ View more comments

7 months ago

Gary Lin

Property auctions are back into full swing.

This weeks Barfoot city auction in particular has been crazy!

Look at the number of people here, 2016 red hot levels!
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Property auctions are back into full swing.

This weeks Barfoot city auction in particular has been crazy!

Look at the number of people here, 2016 red hot levels!Image attachment

 

Comment on Facebook

How much value did the agents give their vendors for the comms they acquired?

👍

It is crazy at the moment, even do up properties are selling 10 percent over CV.

Winnie and Taxinda not doing their jobs? 😜

7 months ago

Gary Lin

10 tips or auction strategies I used when bidding at a property auction. ... See MoreSee Less

 

Comment on Facebook

always where a hat with the roof down

6.09 ish pure gold 😂

Ahmed Akbari some tips mate

Thanks for sharing those valuable tips and tricks v us bro.

What are you driving? 🙌🏼

Prabu Darshana Premraj

+ View more comments

7 months ago

Gary Lin

Congrats to student Jay's hard work paying off!

Great development project in seaside West Auckland.

Plan is to convert the main house into 3 separate legal incomes, probably two titles.

Subdivide the pool and build two 4 bedroom duplex town houses.

Projected rental gross yield 6 to 6.5%.

Equity gain maybe $800-900k.

Well done Jay!
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Comment on Facebook

Hehe, not a great effort to pixilate your buddy 😂

i recognise that guy 😉

Great work and result to both of you.

What was purchase price??

Beautiful

Do you think there’s a point where you give up income for a stand alone home on a bigger section for you to see your family to run around on?

+ View more comments

7 months ago

Gary Lin

One simple piece of homework you must do before you buy a property with development potential. ... See MoreSee Less

 

Comment on Facebook

Will Stoemwater and sewage will be in most sections, and it's a matter of where they are located.

Does that cost money to look at?

Bloody great advice mate. Never occurred to me and very relevant

7 months ago

Gary Lin

Property Market Update for January / February 2020:
1) property prices going up
2) Coronavirus affecting the economy, especially tourism & forestry
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Comment on Facebook

Good update - cheers Gary 🍻

Not even. Bullshit!!.

I think most of the timber produced by CHH would be used for timber frameing in houses

Awesome update! If you ever need help with videos hit me up. We have an agency Feature 93 Creative and would love to support ✊

8 months ago

Gary Lin

I think I will send potential clients this, next time they question my fees.

What do you think?

#yougetwhatyoupayfor
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I think I will send potential clients this, next time they question my fees.

What do you think?

#yougetwhatyoupayfor

 

Comment on Facebook

I shared this few years ago. My fav still the second pic. Lot less complicated to read n make meaning out of it 😛

🤣 I love this. You either want it cheap or you want it top quality. Can't have both

💯

You’re talking to the wrong market if they can’t see the difference

Omg im Dying

😀

I've got an even better one mate

Maybe they just don't see enough value to say "ok' to your fees?

Somewhat. Its finding that sweet spot on the value curve.

Need to price yourself to weed out timewasters. Excuse me, do you work for free? or for slave wages?

Brilliant ⭐️

so true

Are you explaining why your fees are below market price 😉

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8 months ago

Gary Lin

Auction is jammed packed today!

What do you think the sale price would be?

Cv $820,000
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Comment on Facebook

Damn...1bedroom do up must be....hahaha

Unit, house, land size?

Where is the property?

$831,500

8 months ago

Gary Lin

First auction for the year 2020 for my students.
#garylinpropertycoaching
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First auction for the year 2020 for my students.
#GaryLinPropertyCoachingImage attachmentImage attachment

8 months ago

Gary Lin

Property Market is getting crazy in Auckland.

This week a 2 bedroom unit in Blockhouse Bay sold for $792,000.

This 2 bedroom unit in Waterview sold for $814,000, Point Chevalier priced!
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Property Market is getting crazy in Auckland.

This week a 2 bedroom unit in Blockhouse Bay sold for $792,000.

This 2 bedroom unit in Waterview sold for $814,000, Point Chevalier priced!

 

Comment on Facebook

Its bloody nuts.

Went to an open home in New Windsor/blockhouse bay last Saturday it was insane every man and his cheque book were in attendance.

This is why I sold and bought up and of 2018. You could start to see that the slump wasn't there and the demand and low interest rates would keep the market pumping again.

Antoine Salles

That's $400 per room if you were flatting and the place was rented . Insane for that money . Need bunk beds in the rooms just to survive

Pump and Demand is real

Stuart Waterhouse

That's really on 🔥🔥🔥! There is quiet a huge patch of HNZ nearby and scattered of HNZ the next street. I hope the owner won't regret after paying the big $$$ That money your better off looking Double grammar zone or near Cornwall park unit.

Not for me

Gary how much were they at the peak and what year was that? I’m seeing some big sales in Sydney & Melbourne

Crazy figures

Glen Kelman check this rubbish out. People are idiots.

when an asian sneeze, would everyone run away? 😛

Mate 2 bedroom unit needing a full do up in Pakuranga, pre auction offer came in at $710k, sold for $743k. Couldn’t believe it

Ruby Nguyen

So this is about $230-$280k TOPS in Christchurch. How on earth does it feel “good” to overpay for real estate so much? Or is living in Auckland today just a tax on stupid people ?

This is absolutely stupidity.

Cameron Nicholas

Dai Lao

This is when you know the market is broken. Can't wait for regulation.

+ View more comments

8 months ago

Gary Lin

Perspective. ... See MoreSee Less

Perspective.

8 months ago

Gary Lin

Congratulations to students Raymond and Christina on purchasing their first home in East Auckland!

Nice street appeal and good school zone for their young daughter.

Almost $100k potential equity gain too.

What a great start to 2020!
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Congratulations to students Raymond and Christina on purchasing their first home in East Auckland! 

Nice street appeal and good school zone for their young daughter. 

Almost $100k potential equity gain too. 

What a great start to 2020!Image attachment

 

Comment on Facebook

Good job Raymond!

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