In this episode, we discuss how to move from a non-bank to a main bank.

This includes the strategies you can use to get in the position where you can move.

These include: waiting for property values to increase to aggressively paying down debt.

We also talk about the factors that can stop you from moving – like current bank lending policies.

Main points discussed:

And we also mention our book Wealth Plan is now available as an audiobook ⁠⁠⁠⁠⁠here

In this episode, we are joined by Ilse Wolfe to play a newly invented game – Renovation Roulette.

This is a new game show we have just made up, where we spin a wheel to unveil the hidden costs and budget blowouts in various renovations you might complete in your house.

This includes real scenarios from the Property Investors Chat Group/

Through this, you will learn the secrets behind successful renovations and learn how to spot budget blowouts and hidden costs before they hit your wallet.

Main points discussed:

And we also mention our book Wealth Plan is now available as an audiobook ⁠⁠⁠⁠here

In this episode, we discuss the complex world of mortgages, specifically break fees.

We let you know what a break fee is and why the banks charge them.

You'll also learn when it does and doesn't make sense to break a mortgage.

Main points discussed:

And we also mention our book Wealth Plan is now available as an audiobook ⁠⁠⁠here

In the episode, we discuss the disconcerting journey of an investor who lost $90,000 in the property market.

After purchasing, the property dropped in value. So she now has a large mortgage and a property with negative cashflow.

Andrew and Ed delve into the situation, discussing the realities of buying at the wrong time and the potential recovery paths.

Main points discussed:

And we also mention our book Wealth Plan is now available as an audiobook ⁠⁠here

In this episode, we discuss an inspiring case study of Te Kahukura from the Maori Millionaire.

She shares her journey from growing up the daughter of a single parent relying on government assistance. Now, she's helping Maori learn about money and encourages them to get ambitious.

She shares her journey and what she is doing to become a first home buyer.

Main topics discussed:

In this episode, we discuss ten practical ways to save money quickly, which can help in creating a top-up for your investment property.

We explore strategies ranging from setting up a specific bank account for your top-up to managing subscriptions and reducing unnecessary expenses.

Ideas include ordering groceries online to avoid impulse spending, consolidating debts, evaluating KiwiSaver contributions, and even negotiating a pay rise.

Some unconventional methods, such as turning off Apple Pay to add friction to spending, are also discussed.

Main topics discussed:

And we also mention our book Wealth Plan is now available as an audiobook ⁠here

In this episode, we discuss how to decide whether to pay off your mortgage and invest in shares. This includes the pros and cons of each.

We look at the advantages of paying down a mortgage, including saving interest, lower risk, and psychological peace of mind.

Next, we explore the benefits of investing in shares, such as generally higher returns, liquidity, and asset diversification, but also discuss the potential downsides like increased risk and fluctuating value.

That way you can decide what's right for you.

Main topics discussed:

And we also mention our book Wealth Plan is now available as an audiobook here

In this episode, we discuss the hidden pitfalls of trusting property developers blindly.

This includes a look at the number of developers marketing directly to investors and the associated risks.

This includes a real case study of a Golden Homes property based in Christchurch.

You'll learn about the hidden costs related to progressive payments builds, inflated rent, and marketing missteps that could cost investors more than expected.

In this episode, we discuss whether new builds or existing properties increase in value faster.

There's not a lot of good data to help us answer the question ... so we go through the usual arguments discussed in the property investment industry.

Then we dive into real examples of new builds that have done better, worse, or the same as the market.

Main topics discussed:

In this episode, Ed and Andrew talk about how quickly the "bottom" of the market lasts.

This includes a look at the 2008 property market downturn to get a sense of which areas bounced back fastest.

You'll also find out how much house prices increased in the immediate aftermath of the market's bottom.

Key topics discussed: