Here’s a link to a useful update on Loss Attributing Qualifying Companies for property owners and investors, from my colleague Mark Withers:
Listen here at www.EmpowerEducation.com
Hi Olly
I’ve read all your books you’re very talented. I live in West Harbour. I have a lot of energy to get started into do ups in this area and Massey. Are they the right areas to start in as they are close to me and I know them well? Or am I better to look around the North Shore (better locations)? You can get some real bagains in Massey and the older part of West Harbour 1970′s and 80′s homes at the moment.
Thanks, Anton
Anton,
Do ups are the quickest way to make profits – cautiously though as this market is fragile and capital growth has slowed.
Do ups can be done almost anywhere – it’s just a numbers game in the end. To start with I would stick to areas you know and understand rather than venture into new territory.
However do ups can be a minefield and should not be attempted without guidance.
If you wish I will send you information about my mentoring programme could save you from making some huge blunders.
Cheers, Olly
Olly Newland’s Column, September 2010
Hopefully all of you were untouched by the recent events surrounding South Canterbury Finance – let alone all the other finance houses that have collapsed over the last few years.
These events are a nightmare, even to witness. As details painfully slowly emerge it quite takes your breath away to learn of the shonky lending and the unbelievable decisions made by these supposed leaders of finance.
Despite the unending use of high-powered computers, and access to top accountants, economists, lawyers coupled with bottomless pockets, they still got it wrong.
I have had to deal with many clients who have been caught by the fall-out of some type or other, either directly or indirectly, and upon hard examination we almost always find that something that can be done to lessen or sometimes completely solve any unintended consequences.
Dealing with a problem directly and not burying your head in the sand, will almost always find the solution. Life has taught me that the thinking is almost always worse than the doing.
Taking control of your future
Now is the time to take responsibility for your own financial future and stop relying on others taking your hard earned money and making crazy decisions with it.
The last five decades full time in the property business has proved to me one thing for sure: Investing in land and buildings are, in the long term, the only sure way to go.
I take comfort from the fact that what worried me five years ago doesn’t worry me now — so in five years I won’t be worrying about what is happening today.
You too can take this attitude and derive some comfort from the thought — but action is still required. The alternative is to remain sitting — staring at the wall — doing nothing and letting events roll over you.
