If a Rental Doesn’t Pass This “Test,” Don’t Buy It
One Wellington flip had neighbours pointing boom boxes at it, dumping tyres, and breaking in to steal the appliances. None of that was in the spreadsheet. So, how do you know if a deal can survive when things go wrong?
In this episode, Ed and Andrew share the "what if I'm wrong" test – a simple way to stress-test any property before you buy.
You'll learn:
- The five things to check
- The renovation that missed its target price by $180k
- Why the goal isn't "does it look great," but "could I survive this"
If you stress-test hard enough, no property is perfect. The real question is whether you could get through the rough patches.
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.