Time to give back

[Blair]

Hi All,

this website helped me several years ago to stay on the right track and keep my head in the right space whilst doing the 'grind'. Currently specialise in property development and investment. Looking to turn over close to $15 million in property development predominantly in residential construction. Also involved in real estate investment. Currently have 10 staff in the group. Not on here too regularly anymore but more then happy to answer questions on property development, real estate investment, staff, growing a business or anything else that you think could benefit. Example below of two developments I did last year

Before:

During:

After:

Before:

After:

 

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[MitchC]

Where about's in New Zealand? My parents currently live in Tauranga and are looking for something to do for retirement while their house is worth so much in the market there, for someone like them who have been working their whole life and not really thought too much about investment or business, is there a fairly hands-off way for them to sort themselves out for retirement, they would have about 750k in their pockets if they sold their house which would surely help, is there something they could read to get started? or is it just going to be a bit full-on for them? Sorry for a fairly basic question but I have never been interested in property myself so cannot help them but I would really like to.

 

[KingSaul]

how do you attract investors specially the Chinese? I looking to get into real estate and i live in Vancouver. Currently the city has a problem with Chinese investors driving up the value of the housing market; however for the realtors, assignment wholesalers, and homeowner they are getting rich off the premium sale. How do I monetize this and get in right now without much experience?

 

[Blair]

Where about's in New Zealand? My parents currently live in Tauranga and are looking for something to do for retirement while their house is worth so much in the market there, for someone like them who have been working their whole life and not really thought too much about investment or business, is there a fairly hands-off way for them to sort themselves out for retirement, they would have about 750k in their pockets if they sold their house which would surely help, is there something they could read to get started? or is it just going to be a bit full-on for them? Sorry for a fairly basic question but I have never been interested in property myself so cannot help them but I would really like to.

Im based down in the South Island, Without knowing your parents or there situation I can't really be in a position to give advice but If it were me I would be looking for rental properties with good cashflow and remortgaging my existing property to purchase them or downsizing and buying a rental with cash. As stated before cant really give advice with the little information above.

 

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[Blair]

how do you attract investors specially the Chinese? I looking to get into real estate and i live in Vancouver. Currently the city has a problem with Chinese investors driving up the value of the housing market; however for the realtors, assignment wholesalers, and homeowner they are getting rich off the premium sale. How do I monetize this and get in right now without much experience?

My take on the Chinese is that they have a lot of money that they want to place securely eg in property and in countries with good economic stability, have seen a similar thing happen in my city / country. If the market has peaked or there is some hesitation then probably better to look elsewhere for now as if you're an early investor you probably have far lower threshold for the market to drop. If the market is still accelerating then probably a good time to get into the market. Buying in a market that can still provide positive cash flow would be classed as lower risk as far as my opinion as even if property prices drop at least the cash position of your property remains the same as rents usually dont drop with property prices. However if you are negatively geared (Cash flow negative) then when property prices drop you'll feel a lot more pressure as you are now topping up an asset which is going down in value + then if and when interest rates rise you could find yourself in a tight cash position and thats when a lot of people have the bank calling in their loans as they fail to make payments. Hope this was of some help.

 

[AllenCrawley]

Just curious. Are these images 3D renderings?

 

[Blair]

Just curious. Are these images 3D renderings?

Nope, just blurry as screenshoted them for posting. Have added two more below showing the interior of the bottom unit.

 

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