Search results: john

When you have established yourself on the proverbial property ladder you will at some point come to the decision to move house. But what comes first? Is it better to buy first and then sell, or the other way round? Here are the pros and cons to each of these scenarios.

I think now is a good time to be at least looking, but take your time and make sure the numbers stack up. If you buy cash flow neutral in the right areas, irrespective of what happens with short-term house prices it will be an excellent long-term investment.

Although banks are tightening access to credit and becoming harder to deal with, there are competitive non-bank options with rates as low as 3.40% that are worth considering.

There could be emerging opportunities for investors in the current market, but to take advantage of them you need to be reviewing your existing portfolio now.

There’s no doubt that there will be some good buying opportunities over the next twelve months. To make the most of them you will need to be cashed up and ready to pounce. It’s about having the confidence, knowing you can land the deal, but also not misreading your lenders and their lack of appetite for risk.

More than ever, the current economic crisis has highlighted the importance of (1) having a clear investment strategy and (2) managing your risks. What does your risk management strategy look like? What happens if your tenants cannot pay the rent? What happens if you sell a property and the bank keeps all of the sales proceeds?

I’ve been in a few crises. The first was launching Squirrel at the height of the GFC, with a crashing housing market. Then my head contractor went bankrupt part way through my big property development. Now? We're faced with Coronavirus. But this one is different. We're all in it together and it's out of our control.

Among all of the current madness you may have heard about the banks offering mortgage holidays, or repayment deferrals. Here's how the process works with each of the main banks.

The adage 'cash is king' is never truer than in a crisis. Cash gives you the flexibility and freedom to respond to changes. Now is a good time to have a small cash buffer in your mortgage. The thing to remember is banks don’t want you to default on your mortgage, and they have temporary options in place which are designed to support those who find themselves in financial hardship.

In our evolving interconnected world, coronavirus has become the perfect tabloid media clickbait. It plays straight into our anxieties and fears. We are lemmings with an inherent magnetism towards mass hysteria. Let's get some perspective.

Are you ready to jump into commercial property? I wasn’t for a long time, but given I own a business and rent premises it makes sense. If you are a business owner and new to commercial property, here's how you could make it work for you.

Credit bureaus in NZ are now looking at monthly account behaviour for all lending products as well as account behaviour for a number of utility bills. Basically, if you miss a payment, everyone will know about it. Here's everything you need to know.