Happy New Year

On behalf of the Star Dynamic Property Investments Team, we would like to wish you a Very Safe and Happy Holiday Season.

May this year bring new happiness, new goals, new achievements and a lot of new inspirations in your life. Wishing you a year fully loaded with happiness. Wishing every day of the new year to be filled with success, happiness, and prosperity for you, happy new year.

Wishing you a Happy New Year with the hope that you will have many blessings in the year to come……

Merry Christmas

On behalf of the Star Dynamic Property Investments Team we would like to wish you a Very Safe and Happy Holiday Season.

2020 promises to be eventful and we hope to be part of your success next year.

The Star Dynamic team hopes that 2020 gives you the opportunity for great success, a healthy life and a prosperous year.

We hope you take the opportunity to relax over the festive season and find the time to spend with your family and friends.

Merry Christmas and we look forward to engaging with you all again next year. Think Abroader…

Linz’s Friday Musings – December 13th 2019

G’day all

Friday the 13th!  Look out!  Now, I am certainly not superstitious, but I know a lot of people are, so careful around ladders and black cats today hey…hehe

Hoping all your Christmas parties and catch ups are going well this time of year, we have one later today, looking forward to that, and our official Star Dynamic Christmas party next week!

This will be our last newsletter for the year, so you can all focus on your Christmas and family, and I would like to wish everyone a very Merry Christmas from all of us here at Star Dynamic!

I was reading two articles this week by two huge mentors of mine in the property industry – Dymphna Boholt in Oz and Dean Graziosi in the US.  Both were writing about the mindset of money and how much impact this has on us and our success and it really got me thinking…

Dymphna even went on to say she was talking to one of her students, discussing their goals and aspirations and the student was insisting that they wanted the money, to help their parents pay their mortgage, help a friend start a business, start a refuge for abandoned horses etc… which are noble goals… thing is this person couldn’t pay their rent and was living off credit card debt, hell, one medical emergency away from bankrupt.

See, what Dymphna is trying to explain to her student, and also what Dean was explaining, is that generally it is that WE do not feel worthy of money or success, so we develop a ‘money messiah complex’.  We want to get rich so we can help everyone else…save everyone so to speak – not for us, because making money for us is bad…

The issue here is that this never works.  Firstly, without a mindset that allows you to be comfortable to gain wealth YOURSELF, you will never actually have enough to help anyone…

Further, by continually looking to ‘save’ people you are entering the Drama Triangle as the hero, always thinking the other person is a ‘victim’ and requires saving.  This can never end well, and oftentimes ruins relationships etc. 

I can’t do a deep dive into the Drama Triangle here, would take too long, but it is a brilliant concept to help avoid conflict in relationships – reach out if you would like more information on this, I can send it through.

I know I have touched on this subject before, but even in this period just before Christmas, be conscious of your money mindset.  Do you feel you are worthy of success, of wealth?  Or are you thinking that you are simply working hard ‘to help everyone else’ not for yourself? 

Be conscious of trying to ‘save’ people.  Don’t get me wrong, giving is one of the most rewarding experiences in this world, and it is incredible to be able to give to others.  I have found the ability to help others, more rewarding than anything I have ever done.  But to do this right, you must also be secure within yourself, confident and comfortable that you are in a good position to be able to help others.  Not trying or wanting to play the Hero…

As a recent Virgin Australia airline steward mentioned to me last week – “ensure to fit your own mask first, before helping other guests…”

Merry Christmas everyone and Happy Investing…!!

Cheers,

Lindsay

What are Lease Options?

Following on from last week’s piece on Land Contracts, another strategy sophisticated investors use to sell properties are Lease Options.

Lease Options – The basics…

This is where you lease or tenant the property to a prospective buyer and give them an option to purchase the property by a certain date at a certain price. This can take several forms, but essentially you agree on a price and a date by which the prospect must take up the option to purchase.

If you wish, you can take additional rental payments, to cover a deposit, if the prospect is confident, they wish to purchase the property, but other times, the prospect just wants the option to purchase.

Advantages of Lease Options is that you can often tenant the property for a higher amount, sometimes over market value, giving the tenant the chance to put together a deposit so they can get financing to purchase.

Further, you can often get an excellent price, as you are giving the prospect the opportunity to purchase a property that they would not have had otherwise.

Full market value for the property and even more – 110% – 120% is not unusual in these cases and 12-24 months to purchase can be popular as well.

Disadvantages are that there is no guarantee the prospect WILL purchase the property; it is just an ‘option’.

Now if you are getting additional rent as a deposit then chances are they would be pretty serious, but you would also need to be sure that your contracts etc was extremely clear what happens with the additional ‘deposit’ monies if in fact the option to purchase is not exercised.

There is no right or wrong here, just so long as all parties are fully aware of the stipulations, whether the deposit funds are returned, or kept.

Further, it helps to get your property solicitor (I would not do a lease option, nor land contract, without a solicitor) do some due diligence and checks on the prospect.

There have been cases where the prospective buyer was never in a position to purchase or even pay the rents correctly, so you will need to screen these applicants extremely carefully…

Certainly an option when looking to sell properties, particularly good in flat markets and can be quite profitable strategies when done correctly

Need to transfer funds to the US?

One of the certain aspects of Global Investing is going to be the need for Foreign Exchange to transfer funds to other currencies and countries. It is absolutely something you need to consider and ensure to allow for costs and charges when doing so.

The banks are generally the most expensive options and I certainly would not recommend this.

We’ve partnered up with award-winning Australian based currency brokers SendFX to enable our Star Dynamic family to make significant savings against the banks, and I have found the process to be one of the most streamlined I have used from all FX companies:

  • Exchange rates up to 8x cheaper than the banks
  • No transaction fees or charges
  • Personal account manager
  • Forward contracts to secure USD rates
  • Free consulting on USD transactions
  • 5 Star Reviews on Trust Pilot
  • ASIC & AUSTRAC regulated

If you need to send funds, here is a link to get a quote, compare and see what you think. Another massive advantage is the ability to lock in rates when they are high, have a chat with them today, can save you thousands on your next transaction!

Linz’s Friday Musings – December 6th 2019

G’day all

Happy Friday!  Here we go…decent into the Christmas madness!  Christmas parties, catch ups with friends & family… don’t get me wrong, I do love this time of year!

Haven’t had a peek of summer yet here in Victoria, but still hopefully he will show his face soon 🙂

The US on the other hand is descending into Winter and, particularly in the northern states, it’s starting to get mighty cold.  Just coming off their Thanksgiving break, and with Christmas looming, the US also have the added stress of coming into their end of financial year.

I was chatting to our legal team in the US yesterday, they handle all the LLC creation etc, and she was saying that it is just the craziest time of the year.  Once Thanksgiving hits, everyone suddenly realises all the things they need to get done by the end of the financial year, for tax purposes and the pressure hits!

I guess it is hard enough here, with only Christmas to worry about, kinda thankful we have our financial year end, in June!  Whew!

Having said that, I was lucky enough to be in the States last year at this time, and over Thanksgiving was a magical time to be in the US – come to think of it, I wonder who won the Annual Thanksgiving NFL match this year, Chicago Bears or the Detroit Lions? Must remember to google it…

Thanksgiving is a fabulous holiday (not so keen on the whole ‘Black Friday’ theme though) and as the snow starts to fall with Christmas decorations going it, can be quite beautiful.  Check out the very quick video I took last year on the Saturday after Thanksgiving – ill link it below.

Anyway, enough from me…I’ll let you all get back to the Christmas party, ours is next week!

Have a great weekend all and Happy Investing…!!

Cheers,

Lindsay

Linz’s Friday Musings – November 29th 2019

G’day all

So, here we go…last couple of days of Spring before we launch ourselves into our Aussie Summer!  Wow!  What an awesome time of year.  I love this time of year! 

December is crazy, Christmas lead in – did I tell you I used to work in hospitality? Man, that’s the definition of crazy. Shout out to all those in hospitality over this period, and for the rest of us, let’s be patient J

Once we hit Christmas though, I find the period between Christmas and New Year, such a relaxing time… Boxing day test on the telly, BBQ’s, summer weather, beach, a lot of us on holidays (seriously not trying to have a dig at the hospitality workers here!), family time…I feel its magical.

But, although we are also now, on the lead up to Christmas, let’s not take our foot off the pedal here.  We still have a good 3-4 weeks of time we can achieve so much!

At this time of year, we can often start drifting into Christmas mode – parties, catch ups etc.  Time can also go so quickly (relatively speaking) as we are always just so ‘busy’ that the Christmas lead up takes over everything

What I invite you to do, for the next 3-4 weeks up to Christmas, is to walk slower…

Now I know that might sound crazy, but hang with me a moment.  I recently did a retreat in Sydney and we did an exercise where we literally walked around the property for almost 30 minutes at different speeds.  We would almost power walk, seeing how that felt, what we noticed.  We did this a various speeds over the thirty minutes and what I noticed when walking much slower, is that I was really able to notice so much more, take in the surroundings, see more, recognise more, enjoy more.  It really works…

During this hectic period, in our lead up to Christmas, try walking slower.  Take in your surroundings, enjoy the Christmas spirit as you walk around the city maybe.  Watch as people scurry to their next meeting, or party, not seeing or noticing their surrounds.  Take all this in, and you will find that you will also feel calmer, less stressed –  the hospitality crew will LOVE you! 

Reminds me of my favourite poem my dad gave me, by Rudyard Kipling – “If you can keep you head when all around you are losing theirs and blaming you…”  This is really a key.  Remaining calm is the sea of uncertainty, a rock against the storm.

Try it…let me know as Christmas looms how it felt for you?  I promise if you do this you will enjoy this period so much more J

Have a great weekend all and Happy Investing…!!

Cheers,

Lindsay

Linz’s Friday Musings – November 15th 2019

G’day all

Happy Friday again!  Not sure if it is just me, but are these weeks going faster now that we are getting closer to Christmas?  Einstein did always say time was relative!

Speaking of relative, I was reading an article this week on the state of the AU market.  Some amazing stats regarding the number of properties listed being at a record low (well, at least since they started recording these figures some 25 odd years ago).

But with the property market in Australia so hot right now, why would there be so little inventory around?  Very tough to be a real estate agent in the cities right now, I would suspect.

Well, the article goes on to suggest that it could be the government, or policies causing this, but I have to agree with one of my property mentors, Dymphna Boholt, who is suggesting that it is more down to the fact that property IS such a great investment, that people are just not selling…

We all purchase properties to grow wealth, and generate income, and while these properties are doing this, why incur stamp duties, commissions, etc by selling?  With lending rates so low, and looking at going lower (did you see the unemployment figures for AU this week?) people can access the equity in the property through refinancing and line of credit rather than selling

What this means is a record low amount of inventory on the market, which will in turn drive the prices up again…it’s a self-fulfilling prophecy!  Supply vs Demand, and demand is high, but supply is at record lows…

So therefore, not only is it hard to be a real estate agent in Oz right now, it is hard for us investors!

This is where US property can also help to fill a void.  High cashflow, low entry costs (compared to AU properties anyway), very stable, very sound investments, when done right.  Plenty of inventory here! 

Maybe it’s a perfect time to start looking across Pacific to pick up some gems, while here in Australia, investors are fighting over available properties…

Reach out if you want help to get started…

Oh! Don’t forget if you are in Sydney, or two upcoming events below!

Have a great weekend all and Happy Investing…!!

Cheers,

Lindsay

Linz’s Friday Musings – November 8th 2019

G’day all

What a strange week it’s been!  Hard to get into a solid rhythm here in Melbourne with a public holiday for a horse race in the middle…

I always find it strange how as a nation, we have no issue with spending thousands (notice I didn’t suggest ‘investing’) betting on horse races, Tattslotto results, pokies etc, but when someone at the local footy game, suggests they have just put a deposit down or purchased an investment property, we are all – “are you sure that’s a good idea? What if the market crashes?”

I feel our affinity with gambling and a ‘flutter’ on the horses could be a potential drawback or hindrance for us as Aussies, giving us a poor mindset around money. And believe me, our mindset around money, will make or break out bank balances, for sure and certain

It is what we ‘think’ about money that sets a tone in our subconscious that will then determine our wealth level.

If we feel money is bad, or only bad people have money, we will find ways to sabotage our success to make sure we only every have enough to ‘get by’.

If we feel money is a tool, a vehicle whereby we can grow business, employ people & create jobs, purchase things to stimulate the economy, then we will find opportunities to grow our wealth and succeed in our goals (which don’t have to be money focused by the way!)

It’s crazy how this works, but believe me, it does…

Don’t get me wrong, I lost my $10 on the cup like the best of us (think Constantinople is still running) … but we need to understand our mindset around the ‘flutter’.  If you’re at a cup BBQ, or at the races and want to put a few bucks down to have fun, and enjoy the day, then that’s great, knock yourself out!  It can be a lot of fun.

But just stop and think for a sec…what is my mindset around this?  Am I actually desperately ‘wanting’ that horse to come first?  Does it matter to me next week if it does or doesn’t?  Am I actually upset or disappointed, or more so, ashamed or guilty that I placed the bet in the first place and lost?

If these are the emotions your feeling, if you are genuinely upset or ashamed that you placed the bet and SPENT the money; or alternatively genuinely NEEDING the horse to win to help alleviate some finance issues next week, then I would recommend chatting to someone about this…

Mindset around money can often be one of the biggest hurdles investors need to overcome to start becoming successful at investing. 

What’s yours like?

Have a great weekend all and Happy Investing…!!

Cheers,

Lindsay

Linz’s Friday Musings – November 1st 2019

G’day all

Pinch and a punch for the first of the month!  Or something like that 🙂

Seems like ages since I put out a newsletter, November already here in Oz, and Halloween in the States! Wow!

Been quite a whirlwind month for us here at Star Dynamic.  Launch of our new online portal, launch of the Fix & Flip Academy course, and also our brand new Investors Inner Circle.  Been amazing the response we have been getting from everyone!  If you haven’t had a chance to get a look at with the Inner Circle can offer or the course, reach out to our team and we can let you know all about it…

With everything that’s been going on, can be very easy to get that feeling of overwhelm. 

Ever had that to-do list so large that you don’t know where to start?

Laid in bed trying to rest (coz damn, you need it…) but you head keeps running all the things you have to do, all the “overdue” tasks you haven’t done…? 

Yeah?

Can be easy to fall into this pattern.  But we must remember that the feeling of overwhelm comes from a scarcity mindset…

“There is not enough time to do everything!”  Said this to yourself once or twice yeah? 

See, even though this is the story we tell ourselves, truth is there is always time, we all have the same 24 hours.  As Einstein said, “time is relative”.  5 seconds with your hand on a hot plate, can feel like an hour! While spending an hour with a loved one, can feel like seconds.  If we can change our mindset to an abundance mindset…there is always time.  There is always more out there, more clients, more opportunities, more love… we just have to go get it.

There are 4 stages of life:

  1. Life AS me
  2. Life happens TO me
  3. Life happens BY me
  4. Life happens THROUGH me

We are born at stage one, for the first 5-7 years of our life we just are…just soaking up everything we can, working out what this wonder called life is. 

Then as we get older we move into stage 2.  This is where we can start to feel that overwhelm, that scarcity mindset.  I don’t have enough time!  There’s not enough money.  There are not enough opportunities for me.  We start blaming everything else for what is happening to us, without realising that we are actually in the driver’s seat of this thing called LIFE.

A few then can move through into stage 3, whereby they realise that we are in control of our own destiny.  The things that happen are consequences of the decisions we make and therefore we can shape this beautiful gift of life, rather than have it shape us.  We can now begin to control what happens, and certainly how we react and deal with it.  Stage 3 is where we understand, rather than fight against life, leverage it to achieve.  Abundance mindset… I have time, I have opportunities, I just need to go get them!

Finally, occasionally you might come across a person who just seems to have an aura to them.  A light, or deep sense of belonging that we can consciously feel.  Ever been at a party and suddenly someone walks in that you unconsciously stop and notice?  Talked to someone that you just get this feeling of peace and love from, like they radiate power.  This is stage 4…very rarely do we find those that manage to obtain this.

I met two such individuals last week, but I will tell you about that another time…

Have a great weekend all and Happy Investing…!!

Cheers,

Lindsay