EP: 169•
In this episode, we discuss that it is often thought that smaller towns will deliver yields that are x2 as high as bigger cities. While that might be true for gross yields, this is generally not true of net yields.
That is because smaller town properties often have higher costs as a proportion of the rent. For instance, if you were to buy two properties that are exactly the same, one in a small town and another in a big city, you would likely spend the exact same amount on maintenance. That means that maintenance takes up a bigger proportion of rent in a small town than it does in a big city.
This show specifically discusses rates. Small towns often have rates (property taxes) that are just as high (in dollar terms) as bigger cities. That is because smaller districts have smaller population bases so need to charge more. This means investment properties in small towns often face significantly more cost.
Generally speaking, once all costs are taken into account, small-town investment properties will still have a higher net yield, however that additional net yield might be as little as 1%.
We also discuss the Epic Guide to Mortgages. This is a 9,500-word guide that teaches you how to get a home loan from a bank and then pay it off more quickly.
EP: 2017
In this episode, we discuss dollar cost averaging and how to apply this top property investment.
This includes how you can make more money investing consistently – rather than holding out for the bottom of the market.
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: 2016
In this episode, we discuss why property investors need to diversify and think about diversification.
This includes how to make the same money (generate the same return) while lowering your risk.
And how you practically do this as a property investor in NZ.
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: 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.