EP: 174•
In this episode, we discuss the 6 things that can go wrong with investing in brand new properties and how to solve them.
1. Overpaying for a property – solve it by getting a valuation before going unconditional
2. Not being able to secure a tenant because of too may properties coming on market at the same time – solve it by investing in a staged development
3. Can't get started straight away – realise that this is a misconception because although you won't have a tenant straight away, you still have
4. What if the property isn't completed on time – have a robust sunset clause, but still be willing to stay in the development even if it is overdue
5. The gross yield is likely to be lower than an existing property – realise that gross yields and net yields are different. A brand new property is likely to have a higher sale price but lower ongoing maintenance costs.
We also mentioned the property investor quiz. This 7 question quiz will tell you exactly whether you are in the financial position to become a property investor or not. And, if not it will tell you exactly what you need to do to get there.
EP: 2015
In this episode, we discuss how to deal with bad neighbours. That includes one case where a tenant's neighbours were threatening to poison their dog. We talk through who to call in different situations and a few case studies of when neighbours truly are at war.
Want to become a successful property investor? Opes+ is your one place to run numbers on all your investment properties.” Check out the new app here.
EP: 2014
In this episode, we discuss the exact process to get a mortgage top up. That includes what you can use a mortgage top up for, who you need to talk to, and different ways you can set it up. Ultimately, property investors can use this information to decide whether a mortgage top up is right for them.
Looking to calculate and compare your mortgage repayment options? Use our mortgage calculator to find out your potential monthly payments.
EP: 2013
In this episode, we discuss what middle class really means in New Zealand.
This includes how much income and wealth you might need to be considered middle class.
And if you're not middle class ... what are you?
Want to become a successful property investor? Opes+ is your one place to run numbers on all your investment properties.” Check out the new app here.
EP: 2012
In this episode, we are joined by Laura to discuss how she went from 0 to 5 properties in just over 5 years.
That includes how she did it starting on a single income and is now just 32 years old.
She shares the highs and the lows and some of the mistakes along the way.
Inspired by today's case study? Find out if you can afford an investment property with our quick quiz.