After nearly 3 weeks away on the Barrier I have returned to Auckland to find that 2009 has certainly started with a hiss and ….well maybe a meow rather than a roar.
Being back at Professional Investment Services after so long away I spent most of today on the telephone or in meetings and more often than not the conversation turned to how bad 2008 was and how good 2009 will be.
Property Matrix is set up for a great year and it seems that many of the partner companies like Property Matrix, LOANZ Limted, Financial Gain Australia , and Go Realty are talking about the many opportunities presenting themselves in 2009.
As a real estate investor and financial planner with Professional Investment Services I am very excited by what I see as great opportunities in 2009, prices have certainly come back a long way and interest rates are now at a level where it is very easy to end up with a cash flow positive investment property even if you borrowed 100% of the purchase price.
If you don’t know how to buy a property without needing a deposit drop me a line and I will be happy to show you how it’s done, the best part is that you may not even have to put any money in each week. Now that’s a great investment.
I am looking forward to January 29 when the next meeting of the reserve bank is held, reading some of the reports in the herald today (we don’t get that out on the barrier either) indicates to me that there will be another drop of between .75% and 1% at this next meeting. Other planners within the Professional Investment Services group agree with this sentiment and are preparing themselves accordingly.
If the reserve bank drops the OCR by that amount then we will see 5 year fixed interest rates probably in the low to mid 6′s. Professional Investment Services (powered by Financial Gain) has a partner company (LOANZ Limited) that can help you find the most appropriate funding for your circumstances.
This is significant, as an investor as this means most property, structured correctly, will be cash flow positive either before tax or most definately after tax. If a property can be held for a minimum of 5 years because it costs you nothing to hold it for that long, then you are going to make money as no matter how long the low period is of the property market eventually prices begin to come back up from the low point.
So don’t wait until prices are already moving upwards (I don’t think it will be long now) drop me a line on terryr@nzpis.com and lets have a chat, it’s informal and free, you have nothing to loose.
