Future Property & Lifestyle | Issue 01 | The New Chapter

P R O P E R T Y

&

L I F E S T Y L E

ISSUE 01 • 2017 EDITION

PROPERTY ENTREPRENUER JARROD MULLEN BUSINESS AFTER RUGBY LEAGUE

THE NEW CHAPTER PROPERTY HAS BECOME A GOLDMINE, THANKS TO A BOOMING HOUSING MARKET – NEWCASTLE PLUS: THE LUXLAND WAY TO BOSS STATUS

A MESSAGE FROM OUR CEO ZAH AZMI Luxland Investments was created with a vision to help everyday people turn into modern day property entrepreneurs. The Australian property market is one of the most lucrative business investment environments in the world. I have been extremely successful in this space, and it is my duty to share my expertise with our clients. Everyday, we at Luxland Investments strive to deliver tremendous value and profit to others who are looking at taking control of their financial future.

At Luxland Investments, we want to educate others to not only help build wealth through their own portfolios but also eventually creating further development partnerships through larger scale projects. We understand that this can only be made possible if our business represents trust, honesty and integrity. Also, by being experts in our field, we strive constantly to exceed our clients’ expectations.

Of course none of this is made possible without a commitment to forming some great habits in life in order to succeed greatly. With this in mind, I hope you find this edition both useful and informative.

Please feel free to contact me directly to discuss your property investment goals.

I look forward to assisting you to GROW YOUR FUTURE.

FINANCIAL FREEDOM THROUGH PROPERTY ARTICLE BY ZAH AZMI

Financial freedom is much more than having money - it gives you the power to have choice in what you want to do in life. The truly wealthy people don’t work hard for money. They have money work hard for them. Most Australians spend 50 years or more equipping themselves for retirement, yet 95% of them fail, remaining dependent on the pension as their main source of income. These days, most people don’t have a financial plan to become financially free. In order to achieve success in your plan, they must execute and take action!

This type of financial freedom is most likely achieved by using property investment as the vehicle. In today’s current property market for investors, it is possible to slowly build a portfolio that includes income producing assets that can fund a lifestyle dream. A well thought out property investment strategy and formula can provide you with the choice to do what you love, such as travel, retire from work or spend time with the family, while you can sleep at night knowing that the assets are doing all the hard work.

The first step is to save for a first investment property deposit. This is usually 20% of the property’s purchase price, however it is the most important step to begin your journey to financial freedom. Once this initial purchase has settled, and as long as you have bought well, it should start appreciating in value. From here, we build up equity to then look at purchasing a second property without having to save up from scratch in comparison to the first one. This process is repeated throughout the accumulation phase of the portfolio.

Property that has been purchased in key blue-chip areas such as Newcastle and The Central Coast generally have a history of doubling in value every 7-10 years and provide solid rental yields. The right investment decision varies depending on the individual’s goals and risk appetite. Everyone is different, whether it comes to serviceability, dependents, occupation, financial position just to name a few. Speaking to a property expert can help you shape your goals and targets with investment property before you commence your journey.

NEWCASTLE OVERVIEW ARTICLE BY FUTURE MAGAZINE

Newcastle is a city coming of age. As Australia’s seventh largest city, Newcastle boasts an enviable lifestyle renowned for its stunning beaches, rich maritime history, vibrant arts culture, eclectic bars and acclaimed restaurants.

In 2011, Newcastle was named by Lonely Planet as one of the top ten places in the world to visit. Newcastle and The Hunter Region rank as the sixth most visited place in Australia, attracting more than 9.6 million visitors per year, with recent announcements anticipated to increase visitations.

Newcastle is committed to investing into the future. With more than $6.55 billion in major developments and key upgrades either recently completed, underway or in the pipeline - Newcastle certainly has a bright future.

The Hunter will benefit from jobs growth with the projected amount of jobs in the Hunter Region growing by 8.1% or 24,500 jobs by 2020. The biggest sources of new employment are Health Care, Business Services, Education and Hospitality.

WHY NEWCASTLE? A choice of city, metropolitan and regional living opportunities; • Golden beaches and world famous surfing.

• Major shopping centres and boutique markets.

• World-class golf courses • Newcastle has an abundance of walking tracks available including coastal walks such as Bathers Way, ANZAC Memorial Walk, nature reserves and National Parks.

• Stockton Sand Dunes are the largest moving dunes in the southern hemisphere.

• Activities include camel riding, sand-duning and four wheel driving.

• Waterways including Newcastle Harbour and Lake Macquarie, the largest salt water lake in the southern hemisphere.

• Hunter Valley Wine Country, one of the oldest and one of the most well known wine regions in Australia and is located just one hour north west from Newcastle CBD.

LOCATION MEREWETHER SUBURB PROFILE BY MARC FATTORE

Properties that are close to the beaches and waterfront will generally be tipped to grow in capital value. Most notably, Merewether, in Newcastle’s Eastern Suburbs has experienced unbelievable growth in the past 12 months. According to RP Data capital growth of the median house prices were up by a massive 19.9%. In the last 6 months the median unit price for the iconic Newcastle beach suburb has sky-rocketed from sub $500k to $600k.

Merewether is located 3km from Newcastle’s central business district with a population of more than 10,000 people. The suburb includes some of Newcastle’s most famous beaches such as Dixon Park Beach which leads south onto Merewether Beach and a little further to the more isolated Burwood Beach which leads to Glenrock Lagoon.

Merewether Beach is also home to Merewether SLSC, the oldest lifesaving club in the Hunter Region.

The types of properties the suburb includes are period-style homes, boutique apartment blocks and more recently newly built or renovated luxury homes.

Merewether’s biggest draw cards are its lifestyle drivers and proximity to schools. This makes it a perfect suburb for families wanting to raise their kids whilst being close to the beach to enjoy on the weekends.

It has proved popular among Newcastle Knights players, with the half back legend, Andrew Johns owning property in Merewether before selling to Newcastle billionaire Nathan Tinkler. Ex-Newcastle Knights’ Jarrod Mullen has just completed a $1m renovation on his Patrick Street home. The smart renovations together with a strong market has provided the former NSW State of Origin representative with a profit that far exceeds his previous football annual salary. Luxland Investment’s CEO, Zah Azmi also owns property in Merewether helping boost his already strong five million dollar plus portfolio.

Last year Luxland Investment’s Managing Director, Dane Crawford headed a 10-unit apartment block development in Mary Street, Merewether. This enabled Luxland to cement the groups presence in the Eastern Suburbs of Newcastle. According to Crawford, Eastern beach suburbs like Merewether contain some of the most valuable real estate in Newcastle including plenty of highly sought after boutique style apartments. Most of these unit blocks were built in the 60’s and 70’s so the workmanship is of a high standard. Low strata fees due to the absence of pools, gyms and lifts make these assets supreme for investors. “Living close to the beach and city are the main contributors for owner occupier appeal which is resulting in prices being pushed upwards”, Crawford says.

Other capital growth suburbs in Newcastle selected by Crawford include houses in Wickham, which is also located 3km from Newcastle’s CBD and apartments in Adamstown which is part of the City of Newcastle Local Government Area. “Buying residential real estate within 6km of the CBD of Newcastle is a smart move, with the government planning to inject $6.5Billion into the revitalisation of the city over the next decade”, says Crawford.

AMBASSADOR JARROD MULLEN INTERVIEW BY FUTURE MAGAZINE

Jarrod Mullen was one of the most talented half backs in NRL history. A Newcastle Icon.

Jarrod was a growing force in the world of rugby league – and now in property investment and development. The 30 year old is revered by fans across the Hunter Region and the love affair with Jarrod is strong nationwide as well, with his chiseled physique constantly gracing our media outlets across the country. And the love is mutual as he adores being a Novacastrian.

Which in fact, has just completed a one million dollar renovation on his Merewether home.

Luxland and Jarrod first met at Depot on Darby Street Newcastle on a Friday afternoon after training, to discuss opportunities in property development. The former NSW State of Origin representative was keen to meet the CEO, Zah Azmi, who has completed multiple developments and controls a very successful portfolio of businesses and properties. Zah had been in touch with Jarrod through mutual business connections to help oversee and grow the former footballer’s sizeable property portfolio. Jarrod has signed a five-year partnership deal with the firm, which is also co-owned by Newcastle’s property gun, Dane Crawford. Together, they’re on a mission to create an iconic luxury brand that appeals to the aspiring property entrepreneur.

Future Magazine sat down with Jarrod to further discuss his love for property through LUXLAND and THE NEW CHAPTER. So, Jarrod, why did working with Luxland appeal to you?

There are so many things about Luxland Investments that appeal to me. Obviously, being from Newcastle, I love this city and I love property. For a brand that is really trying to add value to peoples lives and change the look of the property investment and development space, it’s something that really interested me. Property has always been a passion of mine and it was always the plan for life after football.

So the City of Newcastle is really important to you?

Without a doubt. Obviously as a Novacastrian, I love this city. And the main thing that appealed to me more than anything is the property development potential Newcastle has to offer.

How do you and Luxland intend to make investing in Newcastle property appeal to the younger generation?

I think the great thing about Luxland is that they are the experts in the Newcastle and Central Coast markets. With Sydney being pretty much out of reach for first home buyers due to the recent property boom, these other markets make more sense to get your foot in the door while you can. We are also a young brand ourselves. Both co-directors, Zah and Dane, and myself are around the same age. So we definitely know what it is like to be young and ready to invest in the current market conditions. In both investment and development, Luxland have been working with industry experts to help create successful property portfolios for hungry young investors. As for me, I’m looking at trying my hand at property development as it was always the plan for when I finish up playing football. Thankfully, I have Luxland to help guide me through the process from start to finish, as this will be my first development project. I’m very excited to get started.

You are actually involved in the consulting process of connecting with Luxland clients and partners. What type of clients are you engaging with?

The process of connecting with Luxland clients is very important. Although we want to help educate as many people as possible, we also want to keep our personalised boutique feel of the brand. We want to strive for a genuine and authentic investment experience. We are about quality over quantity. That’s something that we really want to embrace and keep and make more special than it already is. So it is important to find the right type of client who understands and values our business model. The business relationship between Luxland and the client is more like a partnership. That’s the feeling I got from Zah and Dane when I first met them. We all just need to understand each other. Because we all have similar beliefs and a detailed type of energy, we tend to attract the same types of people as clients. Obviously I engage with footballers who are earning a good income and don’t know where to go next, I resonate with that demographic as I am from the same background. My goal is to help as many players as I can by education and sharing my experience and knowledge of the successes of property investment.

The Newcastle property market is absolutely sky rocketing at the moment. Should we be excited or nervous? Or both?

You should be super pumped as Newcastle is undergoing a decade of revitalisation. There is going to be an increase in employment, more public space, more amenities and better transport. Plus don’t forget our beautiful beaches!

Awesome! We are excited to hear about your profile in the coming months in the property space. Actually, you already have a prominent profile in Newcastle property. What projects have you already invested in Newcastle?

Even before I partnered with Luxland, I had my foot in the door in the Newcastle market. I love this place. My first investment was a fully furnished apartment in Honeysuckle. It provided a great return and was a great investment. Also, I have just finished a major renovation on my Merewether home which is my principle place of residence. I’m super happy with how it has all turned out. Merewether has to be one of the top suburbs of Newcastle. Some even call it the “Bondi” of Newcastle. Houses in the area experienced 20% growth over the last twelve months!

What’s the difference between ‘football life’ and ‘business life’?

I found playing football for more than 15 years was my passion. It is something that I took very seriously. I’m also very passionate about property, I have been lucky enough to have been able to work with great businessmen over the years. I’ve really enjoyed investing in property and watching my wealth grow. I think it is important for football players to have a plan to enter into something else as their careers start coming to an end. It has been a gradual process for me as I started investing in property years ago. It was all part of the plan. I’m 30 years old and I always knew my time would be coming to an end around this age. So preparation for the next chapter in my life was critical. On the business side of things, I enjoy working with great partners. When you do things that you enjoy, it will be pretty easy to come to terms with the fact that you won’t be playing football forever.

IMAGE SOURCED FROM TOTAL RUGBY LEAGUE

There’s a certain appeal, ‘charisma’, to Jarrod Mullen. What’s your secret?

If I tell you it will no longer be a secret! (laughs) I’ve been lucky that I have had good people around me. As well as business partners, I have a beautiful fiancé and a very supportive family.

They say you become who you surround yourself with and I am blessed to have a solid circle of people. I have always been taught to give back as much as you can, what goes around comes around. That’s what maybe appeals to people? I hate talking about myself…..

Your kind heart and good nature definitely appeals to your fans. You are definitely known to be an all round good guy. We are interested to know how Luxland and you are going to take over the world…..

I am very lucky. I will obviously appeal to the football player demographic and if its not me who appeals to the young market , then it is the directors, Zah and Dane. They have also been down different paths but have both found success through property investment and development. I believe, collectively as a team, we are able to cater for all walks of life, young and old.

What about your charity work?

My engagement with the community and charity support work will always continue in my own time as it is a true passion of mine. I’m not too fussed about seeking publicity or reward for this type of work as I simply see it is doing my bit for those in need. The look of joy I can put on anyone’s face in a time of need is more than enough of a reward for me. I absolutely love it. I’m truly blessed that I can make a huge difference in giving back to those who are less fortunate than us.

You’ve been blessed that as your career starts to come off the back end, something so valuable is able to take over……

And that is why it is so important to have a plan. When other players ask me what will replace the thrill of running out on the football field, I say it is having a clear plan of doing something else that you love straight after football is finished. Setting yourself up through property investment while playing is crucial if you want to be financially stable when you decide to exit the game. This allows you to have choices later on without having the stress of when the next pay cheque is hitting the bank account. This is now my thrill. Showing others opportunity to achieve financial freedom through property investment.

CENTRAL COAST OVERVIEW ARTICLE BY FUTURE MAGAZINE

The Central Coast is located in the middle of NSW along the east coast. Towns like Terrigal and Avoca Beach feature expansive beaches and surfing. The city of Gosford is the main commercial hub and visitor gateway.

The Central Coast consists of two shires, Gosford and Wyong and are located perfectly between Sydney and Newcastle. It has proved to be a popular destination for holiday makers.

The Central Coast comprises of six precincts - Gateway Cities, such as Gosford and Wyong, The Hinterland, The Peninsula, The Entrance and Northern Lakes.

Population growth on The Central Coast will increase from just over 330,000 to 410,000 in the next 20 years with a severe undersupply of housing to support this growth, it will see property prices soar. Redevelopment of Wyong and Gosford hospital, revitalising the Gosford CBD and improved public transport services will see fewer people commuting to Sydney for work and being able to take advantage of the local business development of the area.

Why The Central Coast?

A mix of CBD, lifestyle and waterfront living opportunities.

- Waterfront properties - Famous beaches - Shopping and entertainment hubs - Recreational and resort facilities - Central Coast Stadium, home to The Central Coast Mariners - University of Newcastle Central Coast Campus - Abundance of peaceful parklands including Mt Penang Gardens, Terrigal Lagoon Reserve, Kincumber Eco Garden, Munmorah National Park and Gosford/Narara Neighbourhood and Community Garden - Positioned perfectly between Sydney and Newcastle along the East Coast of NSW

LOCATION NARARA SUBURB PROFILE BY MARC FATTORE

Properties that are close to the freeway and Gosford CBD will always show strength in any market conditions. Central Coast suburb, Narara has experienced some fantastic gains over the past couple of years. According to RP Data capital growth of the median house prices were up by a healthy 6.9%. In the last 6 months the median unit price for Narara have grown by 9.3%.

Narara is located 3km from Gosford’s central business district with a population of approximately 8000 people. The suburb is mostly residential but also holds Narara railway station on the Central Coast & Newcastle Line. It is the home of Narara Valley High School, a NSW government public high school, and St Philips Christian College Gosford (formerly Gosford Christian College), a private Christian institution educating from kindergarten to year twelve.

The types of properties the suburb includes are red-brick 3-4 bedroom homes on decent sized blocks, 1970’s apartment blocks and more recently newly built townhouses and villas. Narara is very popular with all types of families, young couples and single income earners. Being so close to the freeway and located on the Sydney train line, commuters also find living in the suburb convenient.

With a current comfortable median house purchase price of $550,000 and a median unit purchase price of $432,000, Narara is a location within the Central Coast that is of increasingly high demand. Capital growth increasing at a strong rate in recent statistics and only set to continue moving up the ladder in a very stabilised manner in the coming 6-12 months.

According to information supplied by realestate.com.au the market is in so much demand, there has reportedly been 2014 property visits compared to the NSW average of 772 over the past 12 months. 28.1% of tenants in the area of Narara are older couples and families closely followed by established couples and families at 19.7%. Just behind them are maturing couples and families with a solid 11.3% giving the market confidence in finding a very settled and stable tenant to occupy the property with a reduced amount of time between occupancies.

A purchase by CEO Zah Azmi in Narara has claimed Luxland a three-bedroom, brick and tile home for $435,000. One Agency Wyoming’s Anthony Catalano has since appraised the property – located at 19 Adam Street, Narara – for $650,000. Luxland have decided to keep the asset and rent the property out for $540 per week.

Cosmetic renovations on the property included contemporary bathroom and kitchen features, with the cost totaling approximately $50,000. The assets position – placed in a quiet street, with amenities within a short distance – allows the location do most of the heavy lifting, especially due to the recent Central Coast housing boom – sentiments that are echoed by Anthony.

“You can almost guarantee to make a profit from a bread-and-butter property like 19 Adam St, Narara. It’s made of brick and tile, in a central location, on a decent sized block and part of a strong seller’s market. And with a huge amount of infrastructure being put in place within the Central Coast, you can definitely see why the demand is so high right now to enter the market before the Sydney wave of inflated prices takes a hold of it’s next-door neighbour.” Says Catalano.

Other capital growth suburbs on The Central Coast picked by Azmi include houses in Wyoming, which is located on the other side of the train line from Narara and apartments in Gosford which is part of The Central Coast Local Government Area. “There is a lot happening on The Central Coast over the next decade, as Newcastle sets to expand through its infrastructure projects, and Sydney’s population continues to increase by approximately 2000 people per week. It is evident that the ripple effect has started to take place as property prices are already showing strong signs of growth.” Says Azmi.

OBSESS OVER SUCCESS ARTICLE BY ZAH AZMI

Having an obsession when I was growing up had been looked at as a negative characteristic. It was almost looked at as some sort of sickness or condition in our household. Like an unhealthy fixation. Even the definition of obsession in the dictionary is “A persistent disturbing pre-occupation with an often unreasonable idea or feeling”. Every time I started to really enjoy something as a kid, I was told to stop or pull back, as I was becoming “too obsessed”. I was never allowed to play sports as a child as I was told that I was not able to concentrate on anything else such as my school work and studies. I was always made fun of at school as I loved playing soccer in my lunch break as this was the only chance I had to play as a kid. Other kids would tease me and call me a “try hard” or “obsessed” because I love to play and kick the ball so much. I followed all the professional teams and would know all the players names and numbers off by heart. For some reason loving something too much was looked at as uncool and unaccepted.

When I was 16 and no longer living under my parents guidelines and rules, I took up boxing at my local gym. I soon became obsessed with this sport and later showcased my skills on those who previously made fun of me in my younger years. This obsession with this sport led me to constantly improving myself by getting faster, stronger and fitter through a combination of lifting weights and performing rounds with my trainer in the ring. I soon realised that the more obsessed I became with improving myself, the more respect and credibility I earned in society. It was like I had some sort of value to bring to others as people constantly asked me for hints and tips on training and diet. It felt good to be recognised for my obsession and passion, and I was able to help others improve themselves through sharing my knowledge and experience.

Now I obsess over business. I obsess over property. I obsess over improvement and helping others. Some people still make fun of me or refuse to understand why I am so obsessed with my work. Others support it, feed off it and take motivation away from it. My business partners, employees and clients are all obsessed with improving themselves. They are obsessed with success. Not just in business but all aspects of life. They are all part of a culture that enjoy the process of building a better life rather than just dreaming of the outcomes and rewards. Improving yourself takes a lot of time, work, stress and commitment that a lot of people aren’t willing to do. This group of people who I consider my team, are focused on solving problems, providing value to the world and personal development. For example, one of my business partners is absolutely obsessed with presentation. He is always immaculately dressed, is a clean freak and is super detailed in all of his work. He will sometimes pull 18 hour days consecutively. Many are intimidated, and shy away from this type of behaviour. I love it and I take a lot of motivation away from it. It pushes me harder to be obsessed just like him so I can also succeed.

Some say if you must obsess, make it a healthy obsession that you are passionate about. I believe it requires to go beyond this. I believe it requires aggressive obsession. Being aggressive with your obsession is going to get you those big, extreme results you have always dreamed of. Sometimes you will have times where things get difficult. Sometimes it won’t be healthy and you may not enjoy it at some points in your journey, but that aggressive obsession may be able to help you get through those times where you don’t feel like going to work or when you get rejected from the bank manager on your next home loan. This aggression can sometimes help you overcome that mountain of stress, because your “why” far exceeds any pain incurred. The people who wander through life aimlessly never achieve anything noteworthy because they do not have enough hunger, desire, and will to change and become something better.

Weak individuals might view obsession as a negative trait, but the truth is, obsessing over your goals and how you will achieve success is what’s required to become successful. For example, I obsess over my wife. The result from that is that I have a very successful marriage. I am obsessed with putting in the time and effort to make sure my relationship with my wife is always improving. You have to advertise to everyone your absolute desire to succeed is authentic. Show them you love the process of learning, working and not giving up. Being known for unbelievable work ethic and solid values will get you the support you want and need to help you achieve your goals. Block out the noise and ignore the naysayers. Some people such as friends and family will drop off, no doubt. This is completely normal and it is the cold hard truth. They will tend to talk you out of your obsession as though you are committing a crime.

They refuse to listen to your “why” because they just don’t understand why you are doing what you are doing, as they do not have the capacity to go and do it themselves.

When I first got into property development, some of my friends refused to support me. Some would even ask “What is Luxland?”, after talking to them about it for several years! They ridiculed me for reading books, attending workshops on the weekends and giving up large portions of my savings to put into my first projects. Many of those types of friendships no longer exist. They simply just didn’t understand what I was trying to do so they refused to learn. If I had listened to their recommendations of what I should have been doing with my life I wouldn’t be in the position I am in today. I love my obsessions and thoroughly enjoy sharing my wisdom and expertise with others.

When it comes to advising my clients, I try to make them obsessed with their ideas, purpose and goals. Then I allow and help them to obsess with making the process work and watch it succeed. The potential clients who I turn away are the ones that just talk about the rewards and the results. They are not interested in doing the work and sacrificing the time because they are too focused on the outcome and not the process. The truly successful follow up every action with obsession, enjoying the work that is required to be put in. The more you start to enjoy the process, the more rewarding it will become.

Start surrounding yourself with people who are obsessed with the same interests as you. For example if you love racing track bikes, start associating with the best riders in the country and go for a ride with them. If you have an interest in hairdressing, then find a hair salon who are the best in the industry and get your hair done there. You are in control of your environment and it is up to you to create it. If you show you are obsessed with your craft there will be room for you somewhere. Once you are in this environment your productivity will expand and you will see improvement almost immediately. Surrounding yourself with others who are just as obsessed with their goals as you are , will give you the greatest chance of making sure you achieve yours.

THE USE OF MONOPOLY ARTICLE BY FUTURE MAGAZINE

Monopoly has been a family favourite board game representing core principles in property investing for over 100 years. Anyone can pretend to be a high flying property tycoon while having fun playing the game. The famous board game can offer plenty of financial education and lessons that can be applied to everyday property investment. Below are eight valuable tips that can help you play a better game at Monopoly, but also help to teach you basic skills and fundamentals of the principles of real estate investing.

1) ALWAYS HAVE A BUFFER Just like in the real world, running out of cash to pay bills can lead to some stressful times. Selling off assets as a last resort should always be avoided by always having a cash buffer for any emergencies.

2) THE IMPATIENT WILL ALWAYS LOSE To win the property game, you must have a plan and be strategic. If you just buy every piece of real estate you land on, then you are setting yourself up for failure. Know when to buy and also know when to pass.

3) CASHFLOW IS KING Focusing on cashflow will enable you to have a good chance to be the last one standing. Collecting as much rent as possible will help you win the game. Owning the best assets with the highest returns is key.

4) THE MOST EXPENSIVE PROPERTY IS NOT ALWAYS THE BEST Owning expensive real estate such as Mayfair and Parklane does not necessarily mean these properties are the best assets to own. The costs of these properties are very high and sometimes is forgotten because of the cashflow.

5) DIVERSIFY There is no use buying one property only and loading it up with houses and hotels. Usually a typical winner would spread out his or her properties throughout the board, to help increase chances of capturing multiple rents.

6) NEGOTIATE Negotiation techniques can help you get through the tough times.

Monopoly teaches us the importance of being open and willing to work with others. There may be times you require a life-line from another player or even the bank.

7) TAKE ADVANTAGE OF A CRISIS If one of your competitors is experiencing a cash crisis, it’s the perfect time to make a low-ball bid for that property you need to complete a colour group. Just like in the real world, a crisis is the best time to get a bargain.

8) SAVING IS FOR LOSERS People can take tip one too far sometimes. Hoarding cash will result in a quick knock out from the game. You can only win if you have a decent property portfolio. Cash is safe, secure and very liquid, but the returns are low and you won’t get the benefits of capital growth. Park your cash into property as soon as you can.

THE LUXLAND WAY TO BOSS STATUS ARTICLE BY ZAH AZMI

As a property investor, being a landlord essentially classifies you as the person in charge. You are in control of all income and expenses, therefore you call the shots. Being in control allows you to determine how well you do in the property game. This is how successful property investors escape the rat race! Property entrepreneurs choose real estate for the following reasons; cash flow, capital appreciation, depreciation, tax and leverage.

Real estate investing has become quite popular in recent years due to rising property values and low interest rates. There is no better time to be in the market other than now. Opportunities are harder to come by, but for those that insist on playing an active role and are willing to do the work, are benefiting from the big profits that property is producing. An experienced property entrepreneur will be able to purchase real estate under market value, be able to add value i.e. through renovations and also know where the best locations are for growth.

At Luxland we concentrate on five main contributing factors that heavily influence one’s success at achieving boss status: 1) Mindset - We were all taught self-limiting beliefs from an early age usually from our parents. If you want success in property, you have to define your purpose and goals. To some it might be a $10M portfolio, to others, the opportunity to own your own home, a healthy family and enough cashflow to support your lifestyle.

2) Education - Educate yourself and learn from other experts in the industry through engagement. This means surrounding yourself with a team that is going to help you learn how to achieve your goals. Networking with others who are on the same path as you can have it’s benefits. Read books, find a mentor, create a powerful team and use your shift in mindset to conquer property investing.

3) Execution - Once you have some solid education and a positive mindset in place it’s time to come up with a strategy plan. With this well constructed plan cusotmised to your goals and purpose, you need to take action and execute on it. This is looked at as the most important factor as many can follow the other four factors however if the plan is not executed then there is no progress!

4) Lifestyle - Its important to keep in shape and also to lead a healthy lifestyle. It is important to exercise and to follow a healthy diet to ensure a long extended life. It’s not expensive or hard to follow a good routine and diet. We have access to exercise programs online and being educated about what to put in your body is easy these days. The better our bodies are fueled, the better our minds perform.

5) Sacrifice – Saving money now to invest is critical for financial freedom in the future. Cutting back on life’s little luxuries today will mean a better outcome for tomorrow. Cancel the daily coffee and bring your meals to work and see how much you save – money that can go towards your education, property investing or gym membership. It is empowering to be in control of your finances, working on building wealth rather than clearing consumer debt.

Words like FEAR, RISK, FAILURE and TAX are all just common words property entrepreneurs deal with throughout their journey to success. These types of words do not phase them, as they are confident on their mission to learn from their mistakes in order to achieve greatness. Experience and time in the market is critical to the understanding of property.

Like any successful BOSS, property entrepreneurs surround themselves with a strong team of experts. Industry professionals include finance brokers, legal experts, property inspectors, property managers and property consultants. Just like football, property investment is a team sport, and everyone must play their role to help you achieve BOSS STATUS.

info@luxland.com.au

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