Watch THIS Before Buying Your Second Property! | My Biggest Lesson with Property Investing So Far

[@jpo-artwork]

Bro thanks heaps for the video. Finally got an insight of how things work. You just earned a new subscriber.

[@juanitavandeweerd699]

Hi Blandon, have watched 2 of your videos before this one. I definitely want to learn more about this. Keep up the good work and thanks for trying to help others get ahead. Please remember to keep it nice and simple for those of us that are totally new to this. Thanks again

[@mortgagehq]

Awesome thank you for the feedback! We hope you enjoy our future videos 😄

[@btcbenny21]

Hey Blandon, Great video. I think it is important to note that one cannot simply purchase the right property first. Everyone including myself will tend to purchase what they need first. A home. Then they start to understand the landscape of property investing to purchase Investment properties. Well done on your journey and thanks for the knowledge.

[@mortgagehq]

Thanks for making my mistake look lighter! haha.

[@coniferousforests8030]

hi it would be very helpful to see the actual calculations and formulas for each analysis you do with regard to property valuations and justification through numbers vs just feelings =) thnx

[@mortgagehq]

Thank you for the feedback!

[@thesingingbeevlog7228]

Hi im so much enterested on thiskind of topic the problem is how to start and where to get money

[@looks_like_ray]

You earned a subscriber! Thank you for the great content. Got some videos to binge on now so please keep them coming!

[@mortgagehq]

Glad to hear! Yes more coming every week. :)

[@trudaliao380]

I really enjoy watching your videos. Thanks Blandon.

[@mortgagehq]

😍**starts making more videos...**

[@poetanon8555]

if i have a second house but sell my main house before my second one and then second one becomes my main residence can i sell zero tax as main home? I am on vacation for 1 year does it matter?

[@mortgagehq]

It is best to discuss with your mortgage adviser 😄 If you don't have one, check out mhq.co.nz - it's free 😄

[@cazsybrown-apanui5175]

Thank you very much for you video, this has given me an insight and understanding of a home buyer

[@mortgagehq]

Our pleasure!

[@henrytui8372]

Love to know more about investment. Can you let me know where and when is your next free seminar please?

[@MrNahtan77]

How do you get hold of you guys to start the journey?

[@mortgagehq]

Hi Nathan. Thanks for commenting. If you jump onto our site, www.mhq.co.nz you can find a link to book a 10-minute introductory chat. Or buy a masterclass for a more structured education option. mhq.co.nz/upcoming-masterclasses

[@cowgirlcandice833]

great content mate and for kiwi home buyers

[@mortgagehq]

Thank you!

[@liyuanwang9156]

Very informative. Could you please share resources how can we crush down the numbers? What is included please? Insurance rate, maintainance, ect.

[@mortgagehq]

Thanks Liyuan - I recommend our stage 2 masterclass mhq.co.nz/upcoming-masterclasses/

[@Ioveandlight964]

OMG! Local live in poverty here!

[@samnun2838]

What about buying a property in Auckland😢😢

[@manupiu]

Appreciate your time in sharing your learning and lessons, your team is awesome. Once day we will have business together

[@mortgagehq]

Manish Bansal we look forward to see how we can help!

[@timeistooshort2933]

Hi...I love your tutorials...I have a question...I want to purchase a property...it originally had a pric.e tag of $2.2mill due to valuation...this valuation has changed dramatically over time as this was valued over 18mths ago...I have a family member willing to release the equity out their property valued at least $1mill. The valuation has now reduced a fair bit GV: is $1.2mill...I live in one of 3 houses on the property and has a lease for another part of the property, am I subjected to commercial lending or can I still look at personal lending. I think with commercial because of the 3 rentals including the one I currently live in and the lease to another party is subject to a commercial deposit requirement or can I get an agreement made up for personal purchase which would only be subject to a 20-30% deposit as apposed to a commercial deposit of 50%...?

[@mortgagehq]

It is best to discuss with your mortgage adviser 😄 If you don't have one, check out mhq.co.nz - it's free! 😄

[@dank454]

Well said man subscribed

[@MrJarod2003]

How did u go from buying one priced at 65k in 2015 to buying four and building properties ? Lottery win?

[@mortgagehq]

Try this vid kzbin.info/www/bejne/pauvpouba7pjjtU

[@DwainDwight]

Dude you had it easy. Property still going up, now even hotter. Now 40% deposit. And banks now only lending based on 60% of your income.

[@mortgagehq]

The person buying will always think they are in the toughest era, but where there is will there is a way!

[@samueljshort8147]

Go to a smaller bank or a broker

[@dannysuru]

thanks Blandon good advice as usual

[@mortgagehq]

You are welcome!

[@groovejet77]

Hi - how can I do a property title transfer without a lawyer if both parties agree?

[@mortgagehq]

Better to ask a lawyer 😆

[@groovejet77]

@@mortgagehq hmmm.....

[@danieljoesphlivelife6884]

All the best with your property journey in NZ Kia kaha

[@mortgagehq]

💪🏡👏

[@bluevan74]

Very hel[pful infomation Blandon

[@mortgagehq]

Thank you! Glad it was helpful 😄

[@mannaina5527]

Great Video!! Could you possibly do a video on serviceability for investment property? Is it best to structure existing loan at max term so serviceability looks better instead of aggressively paying off to save interest costs? How do banks assess existing loan repayments if you are paying off more than required? Thanks

[@mortgagehq]

Maybe it’s best for you to talk to an adviser!

[@jasonbartle7950]

These videos are fantastic

[@mortgagehq]

Jason Bartle thanks for dropping by!

[@taumaiafisiihoi931]

Wanna know more about using my eguity to buy an investment property

[@mortgagehq]

mhq.co.nz

[@1112-g1x]

my biggest mistake was getting outy of th mrkt in 2017 and getting blind sided in 2020, maaaaaaate property never goes down

[@mortgagehq]

mark reynolds it’s never too late to get back in :P

[@1112-g1x]

@@mortgagehq iv gt a 250k deposit but my income disappeared aftr covid. finding it hard to gt bck ib

[@MrJarod2003]

I think property did go down 2018 and 2019 ish , if property increase is lower than inflation or savings interest , u should consider the price is down

[@mortgagehq]

@@MrJarod2003 fair call. That's why we shall aim for long term hold!

[@mistymorgan8068]

I'm a bit new to property investing. You bought the first home and rented it out, so where did you live? Did you already have a home?

[@mortgagehq]

Misty Morgan that’s a great question! We just rented a 2 bedroom unit for next 5 years while we built up our investments.

[@mistymorgan8068]

@@mortgagehq Thank you, I really appreciate you taking the time to answer. Have a wonderful weekend.

[@maaduece5132]

I did this and you dont have to have a rental in the town you live in Ethier to start out

[@joellapryor4284]

I really need to join in on your guys webinar, i learnt so much since watching you guys. Thank you.

[@mortgagehq]

Joella Pryor look forward to having you!

[@hranatunga]

Great video thank you. I had a query around how banks calculate the affordability of a loan.You mentioned you are in the process of getting your fourth property. How do you get the bank to get this lending sorted if you are on a fixed salary?

[@mortgagehq]

H Rana try this one kzbin.info/www/bejne/amLThHqajL2ehsk

[@OnlyThe1Son]

well.. if you sold that 1st property in the BOOM of covid, you would have made a NICE profit... did you sell it when it was at its peak?

[@KingsCrossVIP]

hi definitely teenagers buying first property

[@KeithSoOfficial]

First, insightful as usual!

[@mortgagehq]

Keith So appreciate your feedback!

[@dalywatersrosegardenchapel3544]

Would you pay a buyer agent when you buy your first investment property ?

[@poobum9857]

never forget it is a FREE market .. so everyone has the opportunity upmarket or downmarket .. it has ALWAYS been hard to get in first time

[@mortgagehq]

Amen to that!

[@rockandblues3635]

trust me NZ property so over prices, been there & done that I won't buy any property in NZ again, glad I sold all mine, to expensive to own & maintenance no more

[@mortgagehq]

I hope you are now having the time of your life!

[@rockandblues3635]

@@mortgagehq @ yeah I moved to US a lot cheaper compared NZ but I still visit NZ sometimes

[@peterthepakeha2799]

Incredible eyebrows,

[@mortgagehq]

I am glad someone took notice of my gift from Heaven. 😂

[@rhemedynz4194]

You have taught me so much in one morning cheers mate! I'm still paying off debt and still have no deposit 😒 but my guess is you can help.

[@mortgagehq]

whq.co.nz this is a great place to start!

[@andreflavell2689]

Nz has a supply of over priced shit boxes .

[@mortgagehq]

I am grateful that I can live in "overpriced-shit-box" instead of a cardboard box for sure!

[@kristianguillermo7166]

Poor that other couple you outbid. First time home owners couldn't have a house because they are competing with investors. This i'll-system must be changed.

[@mortgagehq]

Kristian Guillermo I do believe the ‘ system’ is slightly too easy for investors and should be changed. But it’s interesting you say that. Investors tends to want to pay below what they are worth so they are less likely to bump up that price than a first home buyer. I was actually a first home buyer as well when I bought that property, so fair competition imo. :)

[@Ioveandlight964]

@@mortgagehq I work in NZ communities where it is common to find three or four indigenous families, occupying one, unhealthy, three bedroom rental for outrageous rental prices....more than 50% of their income. Locals have been shut out of decent housing in NZ, we live in poverty now

[@megsleigh7413]

Though to be fair, we don't know if that couple were buying for rental as well. Re the maintenance it sounded like it would have been draining. Though it got the house to a state for some tennents to want it on day one. Tennents need housing too, for what ever reason people need to rent and not buy, carreer etc.

[@explosivebest3703]

We're trying to get rid of property investors so go away

[@mortgagehq]

What should we invest in instead?

[@GR-wi2nh]

Property investing should be banned in NZ.

[@mortgagehq]

G R what do you think that will achieve.

[@GR-wi2nh]

@@mortgagehq It would allow more people to be able to buy their own properties and it would cool down the market. There are plenty of folks that own 50 or more properties and charge a fortune for the privilege of living in their dump.

[@mortgagehq]

Who do you think will build them if investors are gone? Do you think the property prices can uphold without investors and maintain a consistent growth in the market? Plenty of folks, do you have a statistic on this?

[@GR-wi2nh]

@@mortgagehq It sounds like you are referring to property developers. I'm referring to people that buy several already existing homes (often in very poor condition) and having the nerve to rent them for large amounts of money while somehow managing to keep their conscience clear. I'd rather go and live in my car. This squeezes first home buyers further out of the market, or are forced to buy a dreadful home that's not safe to live in. Not ideal when you are wanting to start a family is it? There are plenty of people who will get homes built who aren't investors. My partner and I are considering having a home built because of the substandard homes going up for sale. We would rather pay a lot of money for a new home, rather than a lot of money for a dump. We would be having the house built to live in, not to parasite off others by making a few quick bucks.

[@mortgagehq]

@@GR-wi2nh I admire your noble thiniing. I definitely think there should be something done about investors, however, the underlying problem is far beyond the 1 dimension the majority sees. All I would like to do is encourage a lot more research and a lot more thoughts. Einstein said: “If I had an hour to solve a problem I'd spend 55 minutes thinking about the problem and 5 minutes thinking about solutions.”

Grow up !