
EP: 2441
This Church Deal Looked Amazing… Until the Maths Hit⎟Ep. 2441
An old church. A near-$1 million budget. And a possible Airbnb conversion in Timaru.So… would Andrew actually invest in it?
In this episode, Ed and Andrew walk through a real deal that Andrew looked at. They break down the renovation costs, Airbnb assumptions, and the harsh reality.
You’ll learn:
- How to analyse an unusual renovation project step-by-step
- Why heritage-style properties can become financial traps
- The biggest risk with complex renovations
Main idea? A property can look incredible and still be a bad investment. The best investors don’t just fall in love with the story, they stay disciplined enough to walk away when the maths don’t work.
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