Welcome to our second iLifeStyle Club Newsletter. Since we wrote our first newsletter last August a lot has happened.
We hope that you enjoy reading the Success Tip and other information below.
Greg and Leanne have now been married for a year and a half. We have found that marriage is a great blessing.
Each member of our team is learning to put various Success Tips into practice in our lives and hope that you too will find them useful in your life!
Since last Newsletter, we have enjoyed a trip to the beautiful land of New Zealand last October to celebrate Greg’s mum’s 70th birthday and also our first wedding anniversary. We had a wonderful time!
Okay let’s look now at our Success Tip for this week.
This week we have a Success Tip from a Property Multi-millionaire, Hans Jakobi. There is still money to be made in property even in the economic times that we live in!
Today's success tip comes from Hans Jakobi.
Hans Jakobi is a multi-millionaire property investor with over 30-years of investing experience. Having just announced his retirement, Hans has left a lasting legacy helping hundreds of students achieve financial freedom.
Here's Why I Love Positive Cashflow Property?
It's a long time debate, should you buy Positive Cash-flow Property or Capital Growth Property?
Well in this article I'm going to answer this question...
Firstly, I want to talk to you about a property book I read recently where the authors said and quote, "there is one thing and one thing only that drives up the prices of property and that is "Land", and the more land content the more growth".
(Needless to say that the author's business is selling people into his OWN house and land package)
In my opinion nothing could be further from the truth. There is one thing and one thing only that drives up the prices of property and that is "Demand", plain and simple.
Drive out to the middle of Australia and they're practical giving land away, but does it have any value, NO, because people don't want to live there.
To further support my case if one-day someone invented a home that was a bubble in the sky and it became the latest craze, what do you think would happen to the price of land? This proves that "Demand" drives up prices and not land content.
Now that I have cleared this up I want you to know that I love Capital Growth, but I have never liked the fact that some people say that you need to lose buckets of money to get it. To me that is Dumb, Dumb, Dumb.
Sure it can work if the market it going gang-busters, but what about all those people that bought high growth (meaning negative geared) properties in 2004? Where are those people today? Most have been eaten alive by exorbitant interest payments and five years later have very little, if not nothing to show from it.
In contrast my strategy involves selecting well positioned Positive Cashflow properties where the rental income exceeds all holding costs, including interest. And not only does that mean more money in your pocket every week, but buy in areas with increased demand and you'll get capital growth too.
Let me now give you some real-life examples, which are compliments of my friend Paul Wilson from We Find Houses...
"A 2 bedroom unit for $78,000 purchased 5 years ago is valued in today's market at $195,000 and rents for $195 per week, a return today of 13%. Plus it generates $10,140 of income for the owner each year.
A small 3 bedroom house purchased for $85,000 around the same time is valued in today's market at $185,000 and rents for $205 per week a return today of 12.5%. The income generated to the owner, around $10,660 every year and rising.
There is an old saying "Little fish are sweet" and based on the two examples above, you would have to agree.
Imagine 10 properties like this that are paid off by other people (your tenants). You would have started off with a portfolio of just under $1,000,000 in assets, which in the past 5 years has grown to $2,000,000 and when paid off would generate passive income of $100,000 per year."
Now don't think, that was the past or that it's too late for me! Again, nothing could be further from the truth!
There are some golden opportunities out there right now. All you need to know is Where and What to look for and you can put yourself on the fast-track to financial freedom.
Just yesterday Paul Wilson told me about a Positive Cashflow property advertised for $70,000 that is currently renting for $120 per week. Now it falls slightly short of my investment formula, but that is why you need to learn the art of negotiating and a few simple tricks to add value to properties so you can increase the rent.
If you are a member of the iLifeStyle Club, you can read more from Hans Jakobi:
Click Here To Discover More Success Tips From Hans Jakobi
This photo of this funny fish made me SMILE! :-) Enjoy!!!
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