NZ Investing in Newzealand through Legacy mentorship

Hi All
One of my friend attended the 3 day program with Robert Kiyosaki's Legacy education program and was shown all the green about investing in NewZealand and UK.
He is bit confused whether to join the next level a 40-65K mentorship program.
Anyone did this program? what's your thoughts?
I told him 40-65K is a rip off. But I may be wrong and hence reach out to the experts.

Is investing in Newzealand possible? if yes, do you have any BA recommendation?

Thanks in advance for your help.

Velli

 

First mistake is going to a Robert Kiyosaki's program. He is a fraud and never made any money from his so called investments. BTW he has also been bankrupted as well. Really good to learn from someone who is full of BS.

 

people still fall for this?????

For that sort of money go to new zealand your friend could go to nz and educate themselves about it. They could hire accountants and lawyers to explain things to them for less. At least they would be working for your friend.

 

Just join/attend a meeting with similar investors ...it's free and the people you meet are mostly genuine willing to help people

 

Hi Jiins and Trainee
Thank you Very much for the details. I told the same thing to him.
Hi Beano
Thanks for the details, but bit confused and couldn't understand what you mean by "join/attend a meeting with similar investor". Can you please provide more details if you can?

Is anyone investing in New Zealand?

 

The NZ equivalent to this forum is property talk. Jump on there and start reading. Read and get to know more about the various markets there before buying. You need a 40% deposit to buy an NZ ip in most cases so you need to factor that into your decision.

 

PS $40k fee for a mentorship program is insane. What are their deliverables? In any case it's total nonsense. Alot of growth has happened and now slowed in the nz property market. Also the ever increasing restrictions on property investors and landlords is about to take more steam out of the market and upset the sit back and wait for growth investors.

 

Thank you Elleja

 

Wow 40% is a lot.
Has that been standard there for a long time or was that in response to a specific economic situation such as too much debt per household?

 

It's a "speed limit" placed on mortgage lending by the NZ Reserve Bank in response to concern about rapid house price increases, esp in Auckland and also the level of high lvr lending. A temporary measure introduced last year. There are some exceptions but not many useful ones. Not many buyers around at the moment so it may be a good time to look, if you have the deposit. Having said that, if Labour get in power in may not be worth bothering. At the moment feels like the landlords' job is to provide a better standard of home to renters than local homeowners generally have.