4 days ago

Gary Lin

Property Market Update for August & September:
1) lowering of interest rate
2) lending requirements easing slightly
3) Sydney Melbourne Auckland property market heating up (exclude apartments)
4) negative interest rates
5) what it means for savers and property investors
... See MoreSee Less

 

Comment on Facebook

Robyn Tamlin-Lea he’s great to listen to ! Explains things well x

You got cut off mate after 7 minutes

2 weeks ago

Gary Lin

How to prosper in the coming recession ... See MoreSee Less

 

Comment on Facebook

if you had to bet on a 6 month timeframe for the recession to begin, what would it be? eg, first half 2020, last half 2020 etc

That's bold to say there will be a recession right before the Americas cup. If enough people believe there is a recession coming there will be one so I think it's a dangerous idea to promote.

2 weeks ago

Gary Lin

3 ways to protect against the RECESSION

1) pay down debt
2) restructure debt
3) increase & protect cashflow
... See MoreSee Less

 

Comment on Facebook

Great advice, Thank you! 😊

Fantastic advice for the uncertain times ahead. Thank you

Great advice. We are fully prepared for the next recession and to take maximum advantage. When there is blood on the streets that’s when we will start buying.

Increasing debt repayments reduces retained cash. But it does look good to pay more back than you agreed. Best to keep control.

Great advice😊

Change of tune there Gary, I did say this before.

3.45%? Which bank Gary?

+ View more comments

3 weeks ago

Gary Lin

Why I think today's government announced that 5% deposit purchase into Kiwibuild for first home buyers will not work.

What makes Kiwibuild homes expensive and not selling.

And why the Reserve Bank needs to support the government to make this work.
... See MoreSee Less

 

Comment on Facebook

Also- the scheme costs $100,000 per purchaser. I would like to see the economics of this - will the Government itself be the lender? OR via subsidies.

First home buyers that require 95% lending, generally have a mountain of debt also.. Banks (that do 95%) require ZERO debt and perfect account conduct for these loans.

I believe 5% deposits are irresponsible and dangerous (remember 0% deposits before the GFC? I do). Especially when they targeting buyers that will likely be in a lower-socio economic demographic and at a point when interest rates could (soon) be bottoming. Just one bad year on the market (or even a bad purchase) and you are underwater.

I work in the first home buyers market, marketing and selling every type of affordable home weather kiwi build and properties for private developers throughout Auckland. 5% is great, let’s be realistic... It’s about trying to get people into their first homes at a reasonable deposit... When I brought my first home the deposit was below $20k (14 years ago) and now these buyers prior to 5% were having to pay $53-$65k 5%= Now at $28-$32,500k it’s bound to open the market to more people realizing the dream is easier. Plus if you’ve paid into your kiwi saver for 3 years plus, the government pays $2k for every year up to $10k per person for Home Start grant. I have seen 90-95% lending for buyers. With brokers, lenders... The one thing I have learnt is there are people who are exceptional and experienced.... others not so. Buying new is a less of a risk to finance companies than existing. I have sold many homes off plan. People have actually built equity faster and in some developments up to $155k Capital Gains.(Recently in the last 7 months... This is entirely driven by high demand locations. Plus knowing what area to look for) I have properties on the market with 5% yield in the investment return. Property market over the years has sustained and maintained itself in the market.

3 weeks ago

Gary Lin

Congratulations to my Brisbane student Will in purchasing this bargain for $240k!

$20k tidy up will bring this property to value about $320k, rent $320 a week cashflow positive!
... See MoreSee Less

Congratulations to my Brisbane student Will in purchasing this bargain for $240k!

$20k tidy up will bring this property to value about $320k, rent $320 a week cashflow positive!

3 weeks ago

Gary Lin

My 4th career change, and why I'm so happy to get back to a job.

PS: don't worry, I'm still coaching 😁

Always have a side hustle
... See MoreSee Less

 

Comment on Facebook

good luck and keep having fun 🙂

All the best in your new endeavor Gary.

Nice airpods👍

So are you considered a mortgage lender for bnz and if you are do you do housing loan?

Just wondering if you will now have to get the industry mortgage lending NZQA qualifications like the rest of the lending industry?? Or can you keep putting out mortgage advice under just general advice? Just wondering

+ View more comments

4 weeks ago

Gary Lin

ANZ " We expect a pause in September with a follow-up 0.25% cut to the Reserve Bank cash rate in November" ... See MoreSee Less

 

Comment on Facebook

Thank you for your advice today Gary Lin.

Stay away from term deposits then?

4 weeks ago

Gary Lin

NZ banks have dropped their servicing rates for the 1st time since 2017.

What does this mean to property investors?
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Comment on Facebook

Hi Gary. Thanks for your info, always very eloquent and informative. I’m wondering if you could recommend a couple of websites or channels (outside of your own page here) for general knowledge and related to the property market? Cheers

I wonder when the rates will start going negative on savings. The changes coming are danger signs IMHO.

Thanks Gary love the updates super helpful. Do you have any videos or links to pro/con’s..they why or why not for paying off principal or just interest and length of loan versus paying of quick ..age of investors etc Cheers

Hi Gary. Thanks for your info, always very eloquent and informative. I’m wondering if you could recommend a couple of websites or channels (outside of your own page here) for general knowledge and related to the property market? Cheers

4 weeks ago

Gary Lin

Interest rates have dropped, and will continue to drop.

Here is my opinion about the short, medium, and long term impacts of interest rate drop.
... See MoreSee Less

 

Comment on Facebook

Hi Gary, how much the interest rate for investment property at the moment?

Hi Gary. Out of interest re; your properties, are they a mix of long term holds and trades? What is your opinion on mortgage tranching?

Intrest rate will go down to under 3%

1 month ago

Gary Lin

I have fixed one loan at 3.55%, all major banks are now matching that now.

Have you made your move to fix yet?
... See MoreSee Less

I have fixed one loan at 3.55%, all major banks are now matching that now.

Have you made your move to fix yet?

 

Comment on Facebook

Got to wait to Jan for half of my loan. Thinking it will be even better then. Still 2.4 years on the other half of my loan though

Will wait to last possible minute

Got 3.55% Fix 1yr last week for a Client 😃 That Floating Rate is high - the standard is now 5.19% !

Waiting for 2.99% in 6 months 😉

Life is Good

What about Asb

In Australia our fix rates are already at 2.99

What’s the current floating rate for business loans, I have just come off fixed to floating and its 11.85%. Is this right I spoke to my bank they say that’s what all players are charging at the moment.

I am fixed on both loans until May next year. When I called to break the current loans (4.4%) - they wanted $1600 + $2700 as a FRBC. Any suggestions? Better to wait until May eh?

Thought I saw BNZ at 2.95%

3.55% 1 year... give me a challenge please 😴☺️

Should have waited longer

Which bank is offering it ?

Westpac offered me only 3.69% Did you move your bank?

+ View more comments

1 month ago

Gary Lin

What do you think of this picture as a reflection of the property market today? ... See MoreSee Less

What do you think of this picture as a reflection of the property market today?

 

Comment on Facebook

Very true

The last is my home to help other people

🤣

👏👏👏

Valuation one is correct..

Seems about right lol

I think the "lender" and "appraiser" is mixed up 🙂

True! how about your Real Estate agent ?!

Sonya Blackwell

+ View more comments

1 month ago

Gary Lin

Kiwibank has joined ANZ in offering rates as low as 3.55%! ... See MoreSee Less

Kiwibank has joined ANZ in offering rates as low as 3.55%!

 

Comment on Facebook

Yay awesome 🙂

Gary Lin what are your thoughts on the true value of fixing rates. I see it as a good way to give certainty of outgoings. The challenge I have is that banks are fixing based on their future expectations. If fixed rates are lower that variable that's because banks expect rates to go lower. If the are higher banks expect then to go higher. Therefore the play is about reducing uncertainty over the next x years...

?

Shit!!

Should we fix now

Hayley Archer 👏

+ View more comments

1 month ago

Gary Lin

Savers will be losers

- Robert Kiyosaki
Rich Dad Poor Dad author, 1996
... See MoreSee Less

Savers will be losers

- Robert Kiyosaki
Rich Dad Poor Dad author, 1996

1 month ago

Gary Lin

Do not fix just yet.

Better rates are yet to come over the next few weeks!
... See MoreSee Less

Do not fix just yet.

Better rates are yet to come over the next few weeks!

 

Comment on Facebook

There is a ceiling on rates. IMO I doubt rates are going to get much cheaper. Considering adjustments for inflation and the OCR

We locked in but I'll be contacting the bank

My mortgages break 01 Mar 20. Hopefully in the lows 3's then!

Ive got one coming off in january hope they hold low

Do you think it will be ok to fix it by 28 th. This month?

There is also a possibility of even lower rates if rbnz decides to cut the rate again later this year

Really

Stuart Waterhouse!!

Dam I'm locked until 2021

Gavin Downes

Matthew Chong

+ View more comments

1 month ago

Gary Lin

ANZ cut 1 year special only minutes ago to 3.69%, only passing on 0.14% at this stage.

Wait another 2 weeks before refix 😉👌
... See MoreSee Less

 

Comment on Facebook

Thank you

Sagar Koli

Dam man why didn't u post this earlier I just fixed my home rates at first of August

2 months ago

Gary Lin

Interest rates after a BIG 0.5% OCR cut. ... See MoreSee Less

2 months ago

Gary Lin

It's not when you start, but how fast you go. ... See MoreSee Less

2 months ago

Gary Lin

What has been happening in the property market during July?
#JulyPropertyUpdate
... See MoreSee Less

 

Comment on Facebook

For peoples whose mortgage is due for review now, would you recommend them not to fix it now and fix it before Christmas when the interest rate comes down even further?

What are your thoughts on Tauranga?

2 months ago

Gary Lin

All my clients have two things in common:

They either made mistakes

Or

They don't want to make future mistakes
... See MoreSee Less

 

Comment on Facebook

To be a success, make more mistakes!

And pay the bills 😁

Don't make the same mistakes

2 months ago

Gary Lin

Financial freedom is not enough without a meaningful purpose to life.

What's your purpose?

www.facebook.com/897393153671209/posts/2490350951042080/

Goalcast
Broken hearts and troubled kids: This is how to have a life of purpose.

Speaker: Professor Robert Quinn
... See MoreSee Less

2 months ago

Gary Lin

What would I do if I'm a first home buyer with $50k deposit (incl kiwisaver).

Should I buy now but at higher interest rate?

Or save more deposit, wait 3 to 4 years then buy at 20%?
... See MoreSee Less

 

Comment on Facebook

Gary enjoying your thorough advice! It’s opening my eyes, and helping my plans. Thank you🙌🏼

Good advice I would wait 6 months to a year watch the world scene see where we are in the property cycle buy at the bottom.

How can buy 5k property in 4k

Shona Tiong

Shona Tiong

James Cimino

Sureshkumar Velautham

+ View more comments

2 months ago

Gary Lin

Great way to finish a days goal setting, networking, and comradery, by checking out Jay's Ferrari!
#PropertyInvestingGym
#nzpropertyinvestor
#nzproperty
#nzrealestate
#propertyinvestmentnz
... See MoreSee Less

Great way to finish a days goal setting, networking, and comradery, by checking out Jays Ferrari! 
#PropertyInvestingGym
#nzpropertyinvestor
#nzproperty 
#nzrealestate 
#propertyinvestmentnz

 

Comment on Facebook

I’ll come next time 😉

2 months ago

Gary Lin

Learn and shadow from someone successful.

Don't reinvent the wheel.
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2 months ago

Gary Lin

Work hard play hard! #PropertyInvestingGym

Work harder on yourself than you do in your job .
- Jim Rohn
... See MoreSee Less

2 months ago

Gary Lin

Hamilton here we come! #PropertyInvestingGym ... See MoreSee Less

Hamilton here we come! #PropertyInvestingGym

 

Comment on Facebook

Enjoy your trip everyone

Legends are on the way to buy houses

Have fun lads. Simon McDonald Gary Lin

2 months ago

Gary Lin

The Life Cycle of a Property Investor.

What the challenges that property investors face throughout different cycle of their journey.
... See MoreSee Less

 

Comment on Facebook

Just go wif the flow bro.

Gavin Downes

Nice Gary Lin agree informative

Ange Hirst some good info here for you 🏘🏘

2 months ago

Gary Lin

If you have to refix your interest rates before 7 August...

Big banks offer 3.79% for 1 year 60-80% LVR, 3.75% for under 50% LVR
... See MoreSee Less

2 months ago

Gary Lin

What does it take to do property full-time, and what is it like? ... See MoreSee Less

 

Comment on Facebook

“Fulfilment is the holy grail” great insights Gary

Hi when starting, how do you stay motivated?

2 months ago

Gary Lin

Australian property lending rates.

NZ is probably about 12 months behind (looking into my crystal ball).PREDICTION

Home owners are saving right now $3,000 to $5,000 in some cases by refinancing their loan.

We will see some lenders offering 2.99% rates before the end of the year.
... See MoreSee Less

Australian property lending rates.

NZ is probably about 12 months behind (looking into my crystal ball).

 

Comment on Facebook

Over here in Aus right now. My bro and his whanau have their entire mortgage on flex with a rate of 3.79% Unreal! They're looking to restructure in the near future for more accommodating rates

So interest rates r set to drop to around 2.99 percent? I hope so

NZ will be 2.99% in 9-12 months, Aussie probably 2.50%

So fix for 12 by that metric. How much cheaper can cash get???

Have you reforcasted any changes to the LVR?

Tonya Barrier

+ View more comments

3 months ago

Gary Lin

... See MoreSee Less

3 months ago

Gary Lin

Property market update for June and first half of year of 2019.

Also my insight of what will happen in the next property cycle and beyond.
... See MoreSee Less

 

Comment on Facebook

The main banks will definitely offer 3.79% and you may even be able to squeeze 3.75% out of them

You are right on the money with this video - stress test rates will be reduced, OCR reduced and maybe LVR removed - fuel to the fire for sure! Places like Palmerston North going crazy - what will it be like with interest rates of say 3.25% no LVR and adjusted stress test - could be a 20% plus house price surge!

How do you approach China Construction Bank, through Mortgage Brokers or directly? Tia

Yeah - those savers will pull their money and buy a property - after tax deposits are already piss poor

what happens when everyone pulls their money out the bank??

What about first home Byers like me who are still unable to grab a nice house as they are over priced

What do you think if they lower the testing rate, and people get into 1mil debt, and they raise interest rates 1% over a year or 2?

We are well into hyper inflation now

+ View more comments

3 months ago

Gary Lin

Don't be limited by your past, and choose your surroundings to thrive. ... See MoreSee Less

 

Comment on Facebook

You are a direct reflection of your closest 5 people. Average out their income and that will be how much you earn.

The only thing you truly control is yourself so your right... if you want to buy property get on with it and forget about outside negative influencers. But get a coach / mentor 🙏

3 months ago

Gary Lin

What would be your #1 reason that motivates you to invest in property? ... See MoreSee Less

 

Comment on Facebook

Freedom, lifestyle, choice, independence

Back 20 years the numbers worked in Auckland. We purchased for $315k and rented the property out for $500pw. In your opinion where would you buy an investment property where the numbers work as in not having to feed a mortgage.

retirement income

Investing because you can't get rich trading your time for money. Property because it's tangible, and will always be in demand!

Solid investment that gives future financial security.

The property

Leverage and equity

Capital gains

Get out of the rat race

+ View more comments

3 months ago

Gary Lin

Why I stay away from off the plans. ... See MoreSee Less

 

Comment on Facebook

The lady that can’t settle - option three: nominate another purchaser who can settle - forfeit half of deposit instead of whole - someone might bail her out and only half loss and no future risk from developer also. Not a great option but better than walking away.

3 months ago

Gary Lin

Can anyone see the issue with Sydney apartment market below?

Source: Thomas Gao, my Sydney mortgage broker
... See MoreSee Less

Can anyone see the issue with Sydney apartment market below?

Source: Thomas Gao, my Sydney mortgage broker

 

Comment on Facebook

Not to mention that $530 for a 2 bedroom, 2 bathroom apartment with 2 carparks is pretty cheap already. Especially when it looks quite upmarket. No idea on the quality of the area, but it seems like a pretty sweet deal. I considered buying in Aus at one point, but am glad that I didn't. But yeah, so I guess they don't need any legislation around letting fees over there at the moment lol.

Four weeks and cheap rent look a pretty sweet deal . I'm in

I believe rent free comes into effect when person has to end the tenancy and they have to give 4 weeks notice period. Then durinf that time then they dont have to pay rent which will be offset by bond money. I believe no bond will be refunded back . Its marketing

Four weeks rent free ... hard to rent out if u have to offer that

Could be part of that dodgy building thing hitting Sydney ...

I’ll take the 4 weeks and then move to the next 🙂

Gary, do you own property In Australia?

www.rent.com.au/property/0267-23-25-north-rocks-rd-north-rocks-nsw-2151-2908926 Same building but 480 per week. So 530 but give 4 weeks free. Good strategy to show the rental income on papers.

+ View more comments

3 months ago

Gary Lin

Great time catching up with my Property Investing Gym members!
#aucklandrealestate
#nzproperty #nzpropertyinvestor
#propertyinvestmentnz #nzrealestate
... See MoreSee Less

Great time catching up with my Property Investing Gym members!
#aucklandrealestate 
#nzproperty #nzpropertyinvestor 
#propertyinvestmentnz #nzrealestate

3 months ago

Gary Lin

Two things that are needed to help property prices rise 20% over the next 4 years.

Source: www.stuff.co.nz/business/property/113453987/house-prices-nationwide-are-tipped-to-soar-by-20-per-...
... See MoreSee Less

 

Comment on Facebook

Good to hear your thoughts. Love the family in the background mate! But this is still the best interruption video of all time: youtu.be/Mh4f9AYRCZY

3 months ago

Gary Lin

What's your insurance policy when comes to avoiding mistakes in property investment ... See MoreSee Less

3 months ago

Gary Lin

She's an accumulator just like her mum and dad!
#aucklandrealestate
#nzproperty
#propertyinvestmentnz
#nzrealestate
#ausproperty
#australianproperty
... See MoreSee Less

Shes an accumulator just like her mum and dad!
#aucklandrealestate 
#nzproperty 
#propertyinvestmentnz 
#nzrealestate 
#ausproperty 
#australianproperty

 

Comment on Facebook

Omg my daughters are like this too. They even charged us entry rates to visit their stone & shell museum.

3 months ago

Gary Lin

Why I chose to work 70 hours a week. ... See MoreSee Less

 

Comment on Facebook

thank you Gary! I totally get you

Happiness for me is a combination of things - too much free time is definitely a bad thing I find! However the opposite is also a bad thing, if you don't enjoy it. Spending time with my wife does however rank pretty high on the list and it brings me a lot of happiness! Side-note: We would like to get into the renovation side of things, to give us more purpose and have fun

Very good points

“Freedom is not happiness, fulfilment is” 💯

Same here. We hv two jobs too.

Only 70 hrs ?

Only 70?

If you are struggling to create freedom through property, let's have a chat: Pages.garylin.co/free-case-study

+ View more comments

4 months ago

Gary Lin

How was your Queens Birthday weekend?

Are you looking forward to Tuesday?

Are you stuck in a vicious cycle or virtuous cycle?
... See MoreSee Less

 

Comment on Facebook

So good caint wait to catch up soon

🤩 great video bro. As always.

Yes definitely looking forward for Tuesday !!

Thanks CJ McNaughton!

+ View more comments

4 months ago

Gary Lin

Tenant selection and tenant management is up most important when investing long term in property.

Here's some tips from a friend Mel:

Finding and vetting quality tenants is absolutely imperative.

In a life time, as long as money is not an issue you will encounter hundreds, maybe thousands of houses worth buying.

However, you may only encounter less than a dozen excellent tenants in a lifetime.

You need tenants that treat you investment with respect. In return you must do your best to ensure they are well looked after.

One family suffered 3 unfortunate floods. The first two were totally not their fault.

Even still they are respectable and responsible. I manage all properties myself and make a strong point to ensure that the insurance company and its contractors do right by my tenants.

Went to visit them tonight and they gave me sushi

Remember, a decent investment is not too difficult to find. An amazing tenant is much more harder to come by.


Thanks Mel, and next time we have coffee I want some of your sushi too!
... See MoreSee Less

Tenant selection and tenant management is up most important when investing long term in property.

Heres some tips from a friend Mel:
“
Finding and vetting quality tenants is absolutely imperative. 

In a life time, as long as money is not an issue you will encounter hundreds, maybe thousands of houses worth buying. 

However, you may only encounter less than a dozen excellent tenants in a lifetime. 

You need tenants that treat you investment with respect. In return you must do your best to ensure they are well looked after. 

One family suffered 3 unfortunate floods. The first two were totally not their fault. 

Even still they are respectable and responsible. I manage all properties myself and make a strong point to ensure that the insurance company and its contractors do right by my tenants. 

Went to visit them tonight and they gave me sushi

Remember, a decent investment is not too difficult to find. An amazing tenant is much more harder to come by.
”

Thanks Mel, and next time we have coffee I want some of your sushi too!

 

Comment on Facebook

I am often out in the streets around Auckland and it’s a real shame when it’s so easy to identify rented properties when the homes are in such disrepair. I too have been a landlord and respect is key: would your family live in your investment property? Do you really expect tenants to give respect if it’s not earned? Look after your investment...property and people and the returns will be awesome. Just my humble opinion.

Less than a dozen excellent ones? Haha. New privacy laws should be interesting! Good luck for the business mate. Good to see your content is on form.

4 months ago

Gary Lin

Breaking News
No change to LVR requirements...
... See MoreSee Less

4 months ago

Gary Lin

Market update, what's really happening in the NZ property market. ... See MoreSee Less

 

Comment on Facebook

it's always a great time to buy

Good work bro 🙏

Thanks for sharing Gary

Lesley Anthony

Martyn Rutledge

+ View more comments

4 months ago

Gary Lin

Great catching up with my Property Investing Gym students at the GRA Property Leaders event! ... See MoreSee Less

Great catching up with my Property Investing Gym students at the GRA Property Leaders event!

4 months ago

Gary Lin

Here's a story about Rob.

Rob is a lawyer in his early 30s, working for a Big 4 lawyers firm, in downtown Auckland.

Rob has no kids, yet, and his partner works as a school teacher in Pukekohe.

Rob is going places, he said.

But from his tune of voice, I can sense he wasn't totally honest to himself.

He works hard, and his firm makes sure of that.

He's used to the pressure, the stress, the long hours, Rob said.

What bugs Rob is the commute to work every day from Pukekohe.

The train takes Rob to get to work 1 and 1/2 hours EACH WAY...

That's 3 hours PER day!

Did Rob include the walking and waiting time? Maybe yes...maybe not...

So that's 3 x 5 = 15 hours per week, on the train.

15 x 48 = 720 hours per year, on the train.

7,200 hours every decade, on the train.

If Rob works till he's 65 in the same place, a place that's "going places"...

Rob will spend more than 21,600+ hours on the train, for the next 30+ years.

Now I don't want to use the word 'waste' on those 21,600+ hours that Rob is likely to spend on the train.

Unless Rob does something about it.

What does Rob do on the train you might ask?

Perhaps doing his work, working smarter?

Perhaps read a book, non-friction to escape reality?

Read a personal development book?

Read a book about real estate?

If you were in Rob's shoes, what will you be doing? on the train...

Now Rob's got another dilemma on the not so distant horizon.

Rob's partner is turning the big 3 next year.

Their friends are in similar age as Rob. They are now starting to talk about kids...

All this time Rob has been thinking about investing in property.

In fact property investing has been on Rob's mind for 3 years...

Rob and his partner have enough equity to start 3 years ago...

3 years that's 2,160 hours on the train...

How many of those 2,160 hours do you think Rob has been thinking about investing?

How many hours outside of those 2,160 hours has Rob been procrastinating?

Auckland house prices double every 7 to 8 years. Invercargill house prices double every 20 years. Other parts of NZ double between that.

How many years of opportunity do you think Rob will procrastinate, and 'miss the boat'?

When the kids come to your life, will it be easier or harder for Rob to start investing in property?

If you are having a coffee with Rob today, what will you be telling Rob?

Will you tell him to stop procrastinate?

Will you tell Rob to start now.

Start today.

Take action now.

Does Rob remind you of someone you see in the mirror in the morning and night every day?

If that's a big yes, then click the link below, watch a short video on how I can help you, and book a strategy session.
Pages.garylin.co/free-case-study
... See MoreSee Less

Heres a story about Rob.

Rob is a lawyer in his early 30s, working for a Big 4 lawyers firm, in downtown Auckland.

Rob has no kids, yet, and his partner works as a school teacher in Pukekohe.

Rob is going places, he said.

But from his tune of voice, I can sense he wasnt totally honest to himself.

He works hard, and his firm makes sure of that.

Hes used to the pressure, the stress, the long hours, Rob said.

What bugs Rob is the commute to work every day from Pukekohe.

The train takes Rob to get to work 1 and 1/2 hours EACH WAY... 

Thats 3 hours PER day! 

Did Rob include the walking and waiting time? Maybe yes...maybe not...

So thats 3 x 5 = 15 hours per week, on the train.

15 x 48 = 720 hours per year, on the train.

7,200 hours every decade, on the train.

If Rob works till hes 65 in the same place, a place thats going places...

Rob will spend more than 21,600+ hours on the train, for the next 30+ years.

Now I dont want to use the word waste on those 21,600+ hours that Rob is likely to spend on the train.

Unless Rob does something about it.

What does Rob do on the train you might ask?

Perhaps doing his work, working smarter?

Perhaps read a book, non-friction to escape reality?

Read a personal development book?

Read a book about real estate?

If you were in Robs shoes, what will you be doing? on the train...

Now Robs got another dilemma on the not so distant horizon.

Robs partner is turning the big 3 next year.

Their friends are in similar age as Rob. They are now starting to talk about kids...

All this time Rob has been thinking about investing in property.

In fact property investing has been on Robs mind for 3 years...

Rob and his partner have enough equity to start 3  years ago...

3 years thats 2,160 hours on the train...

How many of those 2,160 hours do you think Rob has been thinking about investing?

How many hours outside of those 2,160 hours has Rob been procrastinating?

Auckland house prices double every 7 to 8 years. Invercargill house prices double every 20 years. Other parts of NZ double between that.

How many years of opportunity do you think Rob will procrastinate, and miss the boat?

When the kids come to your life, will it be easier or harder for Rob to start investing in property?

If you are having a coffee with Rob today, what will you be telling Rob?

Will you tell him to stop procrastinate?

Will you tell Rob to start now.

Start today.

Take action now.

Does Rob remind you of someone you see in the mirror in the morning and night every day?

If thats a big yes, then click the link below, watch a short video on how I can help you, and book a strategy session.
Pages.garylin.co/free-case-study

 

Comment on Facebook

Use the time on the train to explore other options. Maybe starting his own business so he doesn't have to commute...negotiate working from home, forming abranch office. As well as how to invest his money so he has more choice for himself and his family

Change jobs to a local firm, there are plenty of great legal businesses in Manukau. Sometimes work and commuting can leave a person so drained there's no mental energy left for investment.

Interest rate won't stay for long that low. The financial system future Is not clear instead of Rob I will start a business and find a passion in life instead like you are saying waste the time on traffic and live 2 hours drive from work

Start using some of the equity in the home to start his own firm in pukekohe, if he really works that hard he can work for himself in years time, using the hours traveled, in the mean time, reading up on how to start a law firm and a business on his own via free resources and counseling available online.

You're a sexy man ❤️

Start law business where he lives and start investing later if he really likes investing or do something that he enjoys!

Someone's about to get TOLD

Thats painful, so much hours in commute

I would not live in pukekohe. Rent some where closer!

If Rob would like to work closer to home, ask him to drop me a message.

I would rent out the pukekohe place and buy closer to work to improve your lifestyle. Then as Jimmy Ho says you’ll have more mental energy to take on property investment fully.

Ha Ha Gary - I agree with the principle, but by procrastinating 2-3yrs Rob escaped the top of the market and saved losing 10-15% equity loss?!! But totally agree with not having long commutes, he’d be better renting in town and walking to work for free and keep house as a rental. Also Puke isn’t Alk, it’s like investing in Warkworth or the Tron.

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4 months ago

Gary Lin

Max is preapproved and ready to buy AGAIN! 👍🏽👍🏽👍🏽

Gary Lin
Max purchased the Hamilton property for $305k two months ago. $50k under market value.

Settled this month, and now rented out for $420/wk.

That is just under 7% gross yield!!!

Amazing Max!
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4 months ago

Gary Lin

Two way to beat procrastination ... See MoreSee Less

 

Comment on Facebook

Love it Gary! Glad to see you don’t procrastinate anymore!

yo Gary!

agreed, I do it too

4 months ago

Gary Lin

Cool gift idea for real estate agents to give to their buyer.
Give them a pair of golden scissors to cut the ribbon before they open the door to their new home!!

#aucklandrealestate #aucklandproperty #nzproperty #nzrealestate #propertyinvestmentnz
... See MoreSee Less

Cool gift idea for real estate agents to give to their buyer. 
Give them a pair of golden scissors to cut the ribbon before they open the door to their new home!!

#aucklandrealestate #aucklandproperty #nzproperty #nzrealestate #propertyinvestmentnz

 

Comment on Facebook

Yeh this is awesome!

🔥🔥🔥 you should be selling Gary 😂

Better if ribbon’s in the garage on a car!😂

We got an expired $30 hammer hardware voucher 😂👍

You wouldn’t want to see my gift wrapping 😜

I have some red ribbons to go on doors.

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4 months ago

Gary Lin

A cool idea to give to your buyer if you are a real estate agent ... See MoreSee Less

 

Comment on Facebook

Karin Blaauw

4 months ago

Gary Lin

How to talk to real estate agents at open homes ... See MoreSee Less

 

Comment on Facebook

In summary be nice to agents just like you are with anyone you buy stuff through... like Bunnings, your florist or Uber - we are human beings just like the rest of you!

Spot on!

Way XI

4 months ago

Gary Lin

Here's a simple 5 second way to find out if a suburb or street is bad and avoid. ... See MoreSee Less

Heres a simple 5 second way to find out if a suburb or street is bad and avoid.

 

Comment on Facebook

Good ole google

But a lot of the top areas in Auckland have higher crime rates because of thefts, break Ins etc. Hobsonville Point is a prime example. Police and helicopter flying over every day

Lol. What about those areas in Auckland that are losing equity? Did you forsee that?

haha there's never hiding from Google

good example of using big data efficiently

Just ask me 😂

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4 months ago

Gary Lin

There is a big misconception that money in China is Cheap, that you can borrow 1% mortgage.

No it's more like 4.5%(www.yinhang123.net/yhll/gexinglilv/36722.html)

However, cross the ocean in Taiwan...it's 1%...
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There is a big misconception that money in China is Cheap, that you can borrow 1% mortgage.

No its more like 4.5%(https://www.yinhang123.net/yhll/gexinglilv/36722.html)

However, cross the ocean in Taiwan...its 1%...

 

Comment on Facebook

Careful. That's how the Asian Financial Crisis happened, currency mismatch for asset and liabilities. On the other hand, you might actually be able to borrow in NZD offshore for lower than NZ banks.

US is also cheaper than NZ which I was aware of when I started back in 02. But it's near impossible as an NZ citizen to get a loan from a US bank for an NZ property.

Can I have some 1% bank lending? Please

U need to take the fx rate conversion into consideration- IPP

Don't you need some form of tw residency to get the loan there?

sign me up .... name Carn gowong

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4 months ago

Gary Lin

How to afford avocardo on toast and property at the same time?

Also it is important to maintain your property and do preventative maintenance early (just like your euro car).
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4 months ago

Gary Lin

Doing some preventative maintenance on one of my rental properties.

Given the price of avocados, a small portion of harvest more than pays for the small repair 🤣🤣🤣

#aucklandrealestate
#aucklandproperty
#nzproperty
#nzrealestate
#propertyinvestmentnz @ West Auckland
... See MoreSee Less

 

Comment on Facebook

it may pay for your mortgage even faster bro 🤗

Drop some in bro when you come for your free grooms 🙏

I’ll easily take some avocados of you

Sharing is caring, just saying. 😂

4 months ago

Gary Lin

Are you scared to take the next step in your property investment journey?

Are you scared of taking the plunge?

In the last 10 years of investing, I have come across many many investors that have:
- procrastinated
- scared
- wondered if it was the right time to buy (at 2010)
- worried that interest rates will go to 7%+ (keep waiting haha!)
- worried what the best strategy is
- worried about what the market will do next

Most common problem with these investors, is that they don't have a crystal clear property investment strategy.

If you need that clarity, need that little push to get you to take the next step, watch my free case study by clicking the link below:
pages.garylin.co/free-case-study
... See MoreSee Less

4 months ago

Gary Lin

OCR dropped, interest rate dropped.

Term deposit rates also dropped.

What does that mean short term, and long term to your wealth and retirement?
... See MoreSee Less

 

Comment on Facebook

"You don't want the world to force you to realise the situation you are in. You want to have control and the only way to have control is to have wealth" I agree with the above statement whole-heartedly Gary, but it seems like so many people are unwilling to invest in themselves to give them the control that they need. Why do you think thats the case?

Karn Hall watch this. Good points Gary Lin although as funny as it sounds interest rates can actually go up during an economic crisis or recession due to a few reasons. Risk premiums, credit tightening, interbank lending rates spiking etc

G you make a great point, also take thousands and thousands of people with lower ROI on savings- $2,000 multiplied by many people is a lot less free cash flow in the economy. This is a double edged sword. They are doing it not because they want to- they have to do it, it’s a one trick pony and soon when they realize that they need to drop rates again they will be scratching their head on why their business unfriendly environment hasn’t helped employees- because they will be unemployed. If you try to focus on the employee rights more than the employer (who carries all the risk) at some stage the employer decides it’s not worth it and closes up. I’ve seen this happen in cycles in NZ since the 80s when NZ was bankrupt by socialist policies.

5 months ago

Gary Lin

Reserve Bank of NZ has dropped Official Cashrate to 1.5% (from 1.75%).

What does that mean to property investors and home owners?
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5 months ago

Gary Lin

If you are in the consulting or coaching space, and wanting to grow and scale.

Working with James Kemp is your best bet to take your business to the next level!

James Kemp
On today's Client Interview I speak to Property Mentor Gary Lin.

Gary has built up a $10m property portfolio and now helps others build theres.

In this interview you will learn:
- Why Computer games motivated Gary into property
- Why he got burnt out with a 1-to-1 coaching model
- How he gets his clients better results by spending LESS time with them.

There's nuggets in here for anyone who wants to build a profitable and meaningful business with skills they already posses.
... See MoreSee Less

 

Comment on Facebook

Matthew Wilson

5 months ago

Gary Lin

You should sell your investment property at some point?

Not sell.

Upgrade.
... See MoreSee Less

5 months ago

Gary Lin

Property investing strategy.

What your property investment strategy should look like.
... See MoreSee Less

 

Comment on Facebook

Are you buying in Qtown? Haha

Awesome tips Gary Lin, great work! Love the goal setting analogy 👏🏼

5 months ago

Gary Lin

Getting the consent process started with Morrison’s development in Manukau

Purchase price $790k
Development cost $250k
New rent $1500+ a week
Gross yield 7%
Equity gain $400k+

Btw look at this view from the property!
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Comment on Facebook

Nice , hope I could do this .

I think I saw you in Queenstown Gary!

Thanks for sharing Gary. How does equity gain calculated, have you sold the property ?

5 months ago

Gary Lin

Two reasons why inequality between rich and poor is inevitable, and what you can do about it. ... See MoreSee Less

 

Comment on Facebook

Brilliant video

Awesome Gary 👍🏻

Awesome! Great advice Gary... 😉

You do as you say Gary. Good on you. Modelling a Uniqlo jumper there. I have the dark blue one. 🙂

so good bro

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5 months ago

Gary Lin

Good job Chloe! ... See MoreSee Less

5 months ago

Gary Lin

This is my bored face, after 60 min listening to the student, architect, and builder debating whether to turn the laundry into another bedroom or bathroom (for the South Auckland 8% development project)...🤣🤣🤣 ... See MoreSee Less

This is my bored face, after 60 min listening to the student, architect, and builder debating whether to turn the laundry into another bedroom or bathroom (for the South Auckland 8% development project)...🤣🤣🤣

 

Comment on Facebook

Convert into 3rd bedroom. Gary you are good in what you do.

Simple, listen to the builder, then make the decision based on your own knowledge of investment. The architect draws pictures and the student is only there to learn.

Reminds me of..

That's your experience kicking in..and they don't want to listen to you 😀

Handsome Devil ♥️

You should have stepped in.....

I converted a bathroom cum laundry into the 3rd bdrm and moved the laundry into the kitchen and extended the toilet into shower/toilet. Increased rental by $160/week.

Bedroom will be easier, bathroom will be up to consent

Yes convert it lol

Maybe consult a property manager who knows what clients/tenants seek in the area. 🤪

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