All the NZPM mentors are experienced investors who use their knowledge to help you move forward.
They are all active residential property investors – successful in their particular combination of trading, investing, mentoring, advising and project management. They are perfectly positioned to guide you into putting theory into practice.
We strive for a high level of customer service and aim to assist you in achieving your property investment goals.
We are an education service and do not sell property, so we are able to give you unbiased advice and guidance.
What we do well, is teach you how to invest for yourself and reach your financial goals. Because we teach you how to do it (rather than just telling you what to do), you can apply the knowledge you gain from the mentoring programme long after you complete the course.
Than was born in the beautiful country of Ceylon, and spent most of his childhood in the Pacific Islands before calling New Zealand home.
Having had to flee his birth country due to civil war, and later start a new life in New Zealand as a young adult, Than is no stranger to goal setting and hard work. Not only has he become a successful property flipper and investor, he is also involved in several other businesses.
Than has a huge interest in the property market, and has invested both time and money learning from the best. He began his property journey in 2015 and since then has completed multiple property deals, progressing to the stage where he has been able to give up salaried work to focus on property full-time. Over the last 12 months, Than has traded seven properties with a joint venture partner, creating an after-tax profit of more than $200k.
Than has a great work ethic, a terrific sense of humour, and is a passionate and caring mentor, who gently guides clients towards their property goals.
Example deal
In January 2019, Than purchased this four-bedroom house with large double garage and swimming pool in the South Auckland suburb of Manurewa. The vendor wanted to buy another property at auction in two weeks’ time, so needed to sell quickly. Because Than could act fast and therefore meet the seller’s deadline, he was able to buy the property for $551k, which was approximately $30,000 under market value.
Being a tidy property, it only needed a small amount of work before it was ready to go back on the market. It took $25k and just two weeks to renovate, which included minor repairs, painting inside and out, laying new carpet, updating appliances, professionally cleaning and landscaping.
Than listed the property for sale privately (i.e. not through a real estate agent), and within two weeks it was under contract at $680k. Although the sale went unconditional, the purchasers couldn’t settle. So Than ended up listing with a low-fee real estate agent, selling two months later for $673k.
Taking all costs into account, including renovation, selling and holding costs (legal, agent, interest, rates, insurance etc.), Than made a pre-tax profit of just over $67k. After deducting GST and income tax, this equated to a net profit of well over $40k.
Maggie is an experienced property investor who has already built a portfolio that will provide for her retirement. She works full time in the property industry and has a great deal of experience managing subdivision projects for clients.
Her exceptionally keen eye for detail enables Maggie to successfully supervise design concepts, coordinate consultants, obtain consents and oversee compliance during and after construction. She also guides clients tackling management of their first development project and advises on a variety of property matters.
Maggie has personally completed a number of great property deals that have generated both instant equity and good positive cash flow. Although in a position where she could cash up and retire, Maggie chooses to continue investing in property and is committed to helping others do the same.
Being extremely organised, as well as personally experienced in renovating and holding property, Maggie is a valuable mentor with a huge amount to offer her clients.
Example deal
This deal is a prime example of how being a suburb expert allows you to identify bargains. The property was located in the South Auckland suburb of Mangere East and was advertised on TradeMe with an asking price of $640K and current rent of $650 per week.
Being very knowledgeable about the area, Maggie recognised there was scope to significantly increase the rent, and that the property was advertised below market value. Additionally, it had been on the market for months, so she knew the vendor would be motivated to sell. She made an offer of $620k, which the vendor accepted.
Maggie did not need to undertake any renovations at all, and was able to immediately rent the property for $950 per week. A month after settlement it was valued at $830k – meaning Maggie created instant equity of $210k.
