In this episode, we discuss the restrictions put in place on foreign residential property buyers from the Overseas Investment Act. Under the current regulations, you need to be either an Australian, Singaporean or New Zealander in order to buy property within New Zealand. We also discuss the Epic Guide to Mortgages, a 9,500-word guide that teaches you how to get a mortgage and pay it off more quickly than you usually would

In this episode, we discuss interest-only loans – how to get them, how the banks treat them in today's market and when investors should use them. Many investors today question whether they can still get an interest-only mortgage in today's market. The answer is yes. But, the interest-only mortgages of today are different from those of the past.  Previously, it was possible to secure a 30-year interest-only mortgage. Now, the maximum is 5-years attaches to a standard principal and interest table loan.   We also mentioned the Epic Guide to Mortgages, a 9,500-word guide about how to get a mortgage and to pay it off faster.

In this episode, we discuss how to tell if the property investment advice you are receiving is bad advice. This comes off the back of a recent client story, where our property coaching client received poor accounting and portfolio structuring advice from their brother. Although a capable small business accountant – the brother in question was not a tax or property specialist, which was causing our client's property portfolio to be costing more than it should have. Lastly, we mentioned our Epic Guide to Mortgages. This is a 9,500-word guide that teaches you how to get a mortgage and then pay that mortgage off.

In this episode, we discuss how to choose a property coaching company. Every property coaching company is likely to recommend and promote a specific strategy for their clients. Some will promote buy and hold strategies, others focus on renovation and others, still, on development.  We suggest that first-time property investors looking for a property coach should look at other clients who are using the property coaches and look at the strategies those clients are implementing. Looking at what other clients do (and the results they are getting) is the best indication of the strategy that might be promoted to you.\ We also discussed our Epic Guide to Mortgages, this is a 9,500-word guide that will teach you both how to get a mortgage and then how to pay it off faster.

In this episode, we discuss that contrary to popular belief you don't need to buy as many houses as you can. You don't need to go out and invest in 80 properties, you might be fine with just 5. We discuss the different approaches to building a property investment portfolio and run through a case study of a couple who are able to achieve their financial goals over 20 years by investing in just 3 properties.  We also gave a shout out to our Epic Guide to Mortgages, this is a 9,500-word guide. This shows you how to get a home loan and then pay off your mortgage. 

In this episode, we discuss how to spot a slump in the property market, with specific reference to Christchurch and the Canterbury earthquakes. Our key takeaway is that although we can all identify what a slump looks like in the text books, a real property slump (especially in the main centres) looks less like a downturn and more like a prolonged stagnation / flattening of property prices.  We present a new model for looking at and considering slumps, which comes from Tony Alenders's economic reports. You can find the report we discussed here.  We also mentioned the Epic Guide to Mortgages, which is our 9,500-word guide on how to get a mortgage, and then pay it off more quickly.

In this episode, we discuss whether there is an oversupply of property in Christchurch – with specific reference as to whether Christchurch might turn into a 'donut-city', where the centre of the city lacks development.  We make specific reference to the Canterbury earthquakes. These are the primary cause for higher development in the suburbs and satellite towns than in Christchurch central up until recently.  We also discuss the Epic Guide to Mortgages, our 9,500-word guide that teaches you both how to get a mortgage – and then pay it off more quickly. 

In this episode, we discuss the Christchurch suburb of Addington and whether we believe it is a good place to invest.  Addington has had the 3rd fastest house price growth of any Christchurch suburbs since the turn of the century. The only two suburbs that grew at a faster rate were the wealthier suburbs of Strowan and Fendalton. These suburbs wouldn't be appropriate for investors to necessarily park their money in.  Addington is also the 9th most affordable suburb out of all 59 Christchurch suburbs – meaning that there is a lot of room for gentrification, especially given its close proximity to Hagley Park.  Throughout the episode, we made reference to our Epic Guide to Mortgages, which is a 9,500-word guide which is freely available on the Opes Partners website. It is well worth a read if you are either looking to get a mortgage or hoping to pay one off. 

In this episode, we discuss a question sent in my another listener, which says: "I already have an investment property in Whangarei, should I buy another one there, or sell my existing investment property and buy in the main centre?" Often the main centres aren't as expensive as one might think. Median sale prices can be misleading as your investment property doesn't have to be the median property. Similarly, small towns like Whangarei are actually more expensive than properties in cities like Christchurch at the moment.  We also run through an example comparing 2 properties worth $800,000 appreciating at a lower rate, v.s. a less expensive $700,000 property increasing in value at a faster rate. Finally, we mentioned our Epic Guide to Property Investment, this is a 9,500 word guide that teaches you how to get s mortgage and then pay off that mortgage.

In this episode, we discuss whether there is such a thing as cashflow positive or negative properties. This question came in from a listener of the show. We agree that there is no such thing as a cashflow positive or negative property ... sure there are high yielding properties, but whether a property produces cash or not is based on how you have structured your investment. If you borrow with 100% lending and your property is geared for capital growth it will usually provide a cash loss.  This is summarised in a diagram we recently made showing the tradeoffs between capital growth, 100% lending and cashflow. You can find the diagram here We also mentioned the Epic Guide to Mortgages, our 9,500 word guide that teaches you everything you need to know about how to get a mortgage and then pay it off.

In this episode, we discuss one of the key fears that stops people from investing in property – the market. Or, rather, fear that the market is going to crash and that property prices will drop suddenly and significantly. We compare economist predictions from January 2009 with real data about how the property market performed and show that generally the hysteria often seen in newspapers rarely plays out in practice. We also offer 2 actions you can take if you are worried about there being fluctuations in the value of your investment property.  If you want to learn more about property, then check out our Epic Guide to Mortgages, a 9-500 word guide that teaches you both how to get a mortgage and then pay it off more quickly. 

This is the final episode where are joined by Eugene Bartsaikin from Twine Financial Advisers – and we discuss split banking. This is where you use multiple banks as part of the structuring of your lending strategy.  The key benefit of using multiple banks is that, if used correctly, you:  may be able to borrow more will have more control over your assets will have more freedom in terms of how you manage your money and your assets will be more secure. If you currently just use one bank then you can slowly move your lending to other banks in stages, as described within the show.  We also mentioned the Epic Guide to Mortgages, this is our 9,500-word guide that teaches you how to get a mortgage and then pay it off faster.  If you want to learn more about Eugene and Twine Financial Advisers then: Check out their website Connect with Eugene on Linkedin 

In this episode, we are once again joined by Eugene Bartsaikin from Twine Financial Advisers. Together, we discuss two case studies of Eugene's clients who have had lending strategies created for them.  The first is a Christian couple who were regularly giving to the church. Eugene identified that their long term ambition was to be more generous and give more to their community. Eugene encourages them to put more away towards their mortgage today (by tithing less) so that they can build their wealth and give more over their lifetime.  The second example if from a Samoan family who were earning good incomes, but because they were so generous with their friends and family they weren't getting ahead paying down their mortgage and were barely making ends meet. Eugene learnt that this family's real motivation was to help their kids get into property by leveraging the family home (which can only be done when there is enough equity within the property). By discovering this, Eugene helped them decrease their expenses and increase their mortgage repayments so that they can achieve their ultimate goal.  In the show, we also discussed the Epic Guide to Mortgages, our 9,500 word guide that teaches you both how to get a mortgage and then to pay it off more quickly. 

In this episode, we discuss what mortgage brokers mean when they talk about structuring your mortgage. Structuring your mrotgage encapsulates everything about your mortgage and how it is set up. This includes: Whether your loan is on Principal and Interest or Interest Only The repayments you make to the bank Your interest rate and whether you are 'rate splitting' which bank you are with The term of the mortgage Additional lending facilities you might have in place We also mentioned the Epic Guide to Mortgages, which is our 9,500 word guide that shows you both how to get a mortgage and then pay it off more quickly. 

In this episode, we discuss Break Fees in regards to mortgages. A Break Fee is the cost that you pay if you have fixed your interest rate on your mortgage for a period, and then you restructure your mortgage before that fixed period has finished. This means you are breaking your contract with the bank.  Bank's will allow you to do this for a fee, and they charge you the cost that they incur (or the lost profit/revenue) due to your breaking of the contract.  However, the banks internal calculations don't always reflect this. At times, you will be able to break your loan, pay the fee and refix at a lower interest rate, saving you money. Eugene shares an example within the show of a client who was able to save $40,000 by breaking their contract with the bank and moving to another lender. 

In this episode, we are joined by Eugene Bartsaikin from Twine Financial Advisers. Eugene is a lending specialist and helps investors structure their lending and financial lives to achieve their goals.  During the show, we discuss that banks don't treat investors differently.  When banks lend to investors they are required by the Reserve Bank to hold on to more capital than owner-occupiers. This means that there is an additional cost to banks by lending to investors. That's why some banks pass on that additional cost in the form of higher interest rates to investors. But, not all banks pass on this cost. Specifically, ANZ and TSB do not charge investors higher interest rates ... in essence, they absorb that extra charge (at the time of writing). Now, that doesn't mean that you should always put your loans with ANZ or TSB, becuase these rates are negotiable (and those banks may not be in the position to lend to you at the time of your application). That's why it's important to have a good mortgage broker who can negotiate down the additional margin when working with a bank that does pass on that margin.  Throughout the show we also referenced the Epic Guide to Mortgages, our 9,500 word guide that teaches you both how to get and then pay down a mortgage.

In this episode, we discuss The Barefoot Investor book. It claims to be the "only money guide you'll ever need", but does it measure up to the claim?  We review the three key takeaways from the show: How to set up your bank accounts to make it easy to manage your money ... without a budget or excel spreadsheets The author's opinion on the Australian property market, as well as the differences with the New Zealand property market The author's retirement strategy and our thinking of whether this could reasonably be applied within New Zealand. While we don't think it's the only money guide you'll ever need, we do recommend reading it if you have the chance. Although it's very geared towards Australia's rules, regulations, superannuation schemes and market conditions, there are some valuable tips and strategies that Kiwis can learn from and implement. 3.5 / 5 stars ⭐️ We also recommend taking a look at our Epic Guide to Mortgages. While we wouldn't claim it's the only mortgage guide you'll ever need, it comes pretty close 😀

In this episode, we answer a question that came from the Property Investors Chat Group NZ on Facebook. In the question, the investor had co-bought a property with her aunt, with the aunt putting in the deposit. The aunt's name was on both the mortgage documents and the title of the property. Unfortunately, the family member has had mental health issues, which has caused serious tension and has impacted the aunt's wellbeing to the point where her decision making has been severely impacted.  The question we answer in the show is: a) what should this particular investor do in order to get out, or fix the situation? and then b) what can other property investors learn about co-ownership from this situation? We also mention the Epic Guide to Mortgages, our 9,500-word guide that teaches property investors both how to get a mortgage and then pay it off faster.

In this episode, we discuss how to set financial goals in 2020. We outline a 5-step process: What – figure out what you want to achieve When – decide when you want to achieve it by How Much – calculate how much that goal is going to cost Remind – set up reminders of your goals that you'll see frequently Get Accountable – tell a friend about your goal to make sure you're accountable to it An example of this would be: What – Send my two toddlers to private high schools When – In 10 years once they both turn 13 How Much – $305,000 for 10 years of education, accounting for inflation Remind – Put a cut out of the high school's newspaper ad on the fridge at home Get Accountable – Tell your partner or siblings that that's what you want to do. We walk through this exact example within this episode and show how property investment can be the right tool to achieve your financial goals. We also go over that property investment is not the only tool you can use and property is not the right tool for every financial goal.  Finally, we also discuss mortgages and our new Epic Guide to Mortgages. This is a 9-500-word guide that you can read to learn both how to get a mortgage and then pay it off faster. 

In this episode, we discuss how every property investment strategy can be a good strategy depending on the circumstances and the situation. It's easy to read stories of the strategies that millionaires or billionaires have used to build giant property portfolios .... and these can be great strategies. But, those same strategies aren't going to fit most everyday Kiwis. Similarly, the strategies that everyday Kiwis use and implement wouldn't be appropriate for millionaire property investors. Every strategy can be a good strategy as long as it works for you. During the show we discuss risk appetite, ambition, start-up capital, the time put into a portfolio and a couple of other factors that will influence the strategy that ends up being right for you.  We also mentioned our Epic Guide to Mortgages, a 9,500-word guide that teaches you first how to get a mortgage, and then how to pay it off more quickly. 

In this episode, we discuss whether you should ever think about moving into your investment properties? This is a question that is frequently raised by newbie investors. They're thinking about moving to a city in the future and wonder whether they can lock in today's property prices, rather than pay more in the future.  Generally, this isn't the best idea. If you buy an investment property with the intention of living in it, emotion can start to cloud your decision making. You may make a bad investment.  Instead, it's a better idea to buy a property, or a series of investment properties that make sense on their own. Then when you are ready to buy your own property, you can leverage off the equity gained in your investments so you can purchase the home you want to live in.  In the show, we also mention our Epic Guide to Mortgages. If you're planning to buy a property in 2020, this 9,500 word guide will teach you everything you need to know about getting a mortgage and paying it down more quickly. 

In this episode, we discuss a recent Stuff article that Ed wrote and had published. Looking at data from the Ministry of Housing and Urban Development, he found that the just shy of a third of renters actually could afford to pay for a mortgage for their first home.  With deposit requirements for the First Home Loan falling to 5%, he writes that it's puzzling that only 5% of renters each year become homeowners, when many more could afford it. It seems there is a perception gap. 62% of Kiwis surveyed by IPSOS said that they didn't believe they could afford a home in their local area. Again, this doesn't match with the data because 72% of Kiwis either already own their own home, or could afford it according to the Ministry's data.  There is a difference between what Kiwis can do, what they choose to do and what they say they can do.  We also mentioned the Epic Guide to Mortgages which Ed wrote over the Christmas break, which may be useful if you are considering taking our a mortgage in 2020.

In this episode, we discuss that your first home might actually be an investment property – you don't actually have to live in it.  We discuss the reasons why this might be right for you, and how it may be better to continue with your current lifestyle rather than upending it all to buy property.  First home buyers wanting to follow this strategy should be aware that they can't use their KiwiSaver to buy an investment property, but they can buy a property with their KiwiSaver for 6 months and then turn it into an investment property. 

In this episode, we discuss the Bank of Mum and Dad, including what it is and how to use it. The bank of Mum and Dad does not necessarily mean that your parents give you cash to use as your deposit to buy your first home.  More often than not, it is your parents increasing the size of their mortgage on their own property in order to give you enough of a deposit to top up your deposit.  This comes with its own risks and benefits and during the show we explain exactly how the bank of Mum and Dad works and a few things to look out for, whether you are using the bank of Mum and Dad to get started in property investment nz, or for your own home. 

In this episode, we discuss the exact steps that happen within a due diligence process and the costs associated.  Some listeners may be surprised to learn that you'd put a house under contract before conducting due diligence, but the important point to know is that the reason you put a property under contract first is so that you know you have the right to buy the property at a price that is acceptable to you.  When conducting due diligence you'll need to: Run the sale and purchase agreement passed your solicitor Order and look at the LIM Review the title Organise finance Conduct a valuation Conduct building inspections Talk to an insurance broker to ensure the property can be insured Conduct a chattel valuation (if you are an investor) All up due diligence for property investment nz can cost between $2500-$3500, so it is important that you conduct it only when you know it is a property you can buy and a price that is acceptable to you.

In this episode, we are once again joined by Bradley Parsonson from Opes Partners and Miuwi. And in the show, Brad shares a case study of a couple who didn't know each other and how they are going through the process to co-own property together.  In the show, Brad discusses how although mortgages are jointly and severable liable, some banks will offer loans where servicing is not tested on the whole loan, but only on the portion of a loan that one party takes out, as well as several other tips about how to get into co-ownership.

In this episode, we talk about the risks and benefits of using a 2nd-tier lender. 2nd-tier lenders are non-bank lenders, which means that they are not subject to the lvr restrictions set by the Reserve Bank. This means that they can lend above the 30% deposit required for an investment property without having to squeeze it into the small allowance offered for low-deposit loans. 

In this episode, we are joined by Bradley Parsonson, property coach at Opes and Co-founder of Miuwi – a property co-ownership company. During the show, Brad shares his top 2 lessons from owning property over the last 2 years: Have a buffer account, whether a revolving credit or an overdraft, so that you are able to keep the property afloat if your tenant stops paying Rely on your professionals and don't try to manage the property yourself

In this episode, we discuss several more types of insurance, including:  Health Insurance Trauma Insurance  Insurance is important to property investment nz because you don't know what you don't know. 

In this episode, we discuss insurance, who it's for and why it's important. Now the reason that we're talking about insurance on the podcast is because many people don't get into property investment because they are worried about perceived risk. Insurance helps to mitigate these risks, and a well thought out insurance plan will mean that we are protected in the event that the unforeseeable happens.  In this episode we specifically discuss: Loss of Income insurance Redundancy cover life insurance cover

In this episode, we are once again joined by financial adviser, Tim Weston, who shares his 6 top tips for renovating property investment in nz: Keep the scale manageable – If it is your first investment, you wouldn't want it to blow out in terms of time or costs. The best way to achieve this is to keep the scale of the project small and manageable Know your numbers – how much are you going to make after sale and finance costs Do you research – go out to open homes and check what the price is in your market for a property that is renovated and one that isn't. Then you can make an estimate about how much you can spend in order to make $2 for every $1 you spend Keep it cosmetic – this is where an owner occupier will put their purchasing power. Their not making their decision based on the foundations of the property, it's about how it looks and feels Ensure that any extensions are manageable Avoid anything that is structural 

In this episode, star of Grand Designs, Tim Weston shares his story of transforming the Britten Stables from a devastated shell into an international showstopper.  Tim shares candidly his views on the toll this extraordinary renovation took on his finances, his health and his family. It is an amazing story of an amazing property. Check out the Britten Stables here. 

In this episode, we discuss how to form your own property buying syndicate based on a question that was sent in by a listener of the show. We discuss that if you don't have enough equity to purchase property, whether because of the lvr restrictions or otherwise, then forming your own syndicate may be for you.  The top risks for property syndication are: You are jointly and sever-ably liable for the mortgage that you take on. This means that if your property-buying parter skips the country then you are liable for their portion of the loan Needing for an aligned exit plan so you can all get your money out at the end of it. 

In this episode, we discuss buying off the plans – the different ways you can do it, and an analysis of some of the risks and benefits as to why you would buy property off the plans.  There are two ways to buy property off the plans:  Progressive Payments, where you make payments to the developer or builder at specific milestones Turn-Key, where you pay a deposit, and then nothing else until the property has been completed Progressive payments tend to work better if you want to change the property and customise it as you go, whereas in turn-key you have less ability to customise the property as you go. The reason you might buy property off the plans is that by definition you are buying a new property, which has looser lvr restrictions from the Reserve Bank.

In this episode, we discuss the three steps to take if you want to become a property investor in 2020. These are: Figure out where you are now and then where you want to go. And then look at the resources you have that can be used to help get you there Create a strategy about how large your portfolio will need to be in order to help you close that gap and then create buying criteria showing the types of properties that you are going to invest in Go out and look for properties that match your buying criteria.  The most important steps are steps 1 and 2. Most people will skip to #3 and immediately start looking for properties. But, this is the wrong approach to take. If you're looking for any property, you're sure to find it. But, if you are looking for a property that is going to make a good investment for you, then it's a good idea to determine exactly what that looks like first.  One step we didn't mention in the show is calculating your mortgage using a mortgage calculator. You can use the calculator on the Opes website to calculate your future mortgages.

In this episode, we discuss 4 ways to pay down your mortgage more quickly. These include: Use an offset account to use cash you have saved to decrease the amount you pay interest on Make extra payments to your mortgage Consolidate consumer debt into your personal mortgage to help you focus on one payment and reduce the interest payments you make on that additional debt Purchase an investment property to help you pay down the debt as you increase equity within your property  You can also use our mortgage calculator to help you run different mortgage scenarios for your own home loan.

In this episode, we discuss the biggest blunder that Ed made in 2019, or rather where he copped the most flack on social media. In October we created a video suggesting that the average new mortgage in Auckland was around the $280K mark, which was swiftly rejected online.  In this show, we go through the reasons as to why the average new mortgage may be much lower than you might initially think. This is because: New mortgages taken out by first home buyers aren't typically taken out on the median house price. Rather, first home buyers buy cheaper houses and therefore take out cheaper mortgages Many new loans are taken out by existing owner-occupiers, who have built equity in their homes and therefore have larger deposits. This means that they don't need to take out large mortgages

In this episode, we discuss 4 key differences between the property market and the share market. Only 24% of the property market is made up of investors, the rest is primarily made up of owner-occupiers, this has some important flow on effects in terms of how the market operates: The property market has higher barriers to exit for owner-occupiers than there are in the share market. Property owners need to pay for a real estate agent to sell their house, which can be a real disincentive for property owners to get out of the market – especially as it takes a median of 33 days to sell a property, whereas shares can be traded instantaneously. This means that when the market is not doing so well relatively fewer property owners will opt to sell their properties, which creates a more stable market In the property market, you have the ability to make cosmetic changes to your investment in order to increase its value. You can't do this in the share market, because you have one share. And because there is more emotion associated with property, investors have the opportunity to make quick gains because the market is based on emotion, not on the fundamental value of the asset The property market is less reliant on investor sentiment, as the majority of the market is not made up of investors Individual property investors have more control over what they can do with their investment. If you are an investor and want to make a change to your property, you can. If you're a Westpac shareholder, try telling Westpac what you want them to do. 

In this episode, we discuss whether you should pay off your personal mortgage entirely before you start investing in nz property. In short, the answer is generally no. The reason is multi-fold: If you wait till you have paid off your mortgage entirely you won't have as long in the property market because you may have to wait, 10, 20 or 30 years before you get started – and the most important factor in the property market is the time spent in the market Investment property can, in fact be used to pay off your mortgage faster, and in the show, Andrew runs through the scenario of whether it is better to invest $50 a week in an investment property, or paying down your personal mortgage further. 

In this episode, we discuss a piece of advice which can be found in nz property investment books from the 1990s to early 2000s, which goes something like this: "only focus on cashflow, don't worry about capital growth. Just treat capital growth as a bonus". We discuss whether we agree with this advice or not, and the answer is generally: "no". The reason for this is that you will need a significant number of cashflow positive properties to build the same amount of wealth generated from a capital growth property – it is just not realistic that a property investor would be able to take on that many properties because of the bank's financing limits. 

In this episode, we discuss what happens if you make a bad investment and you pick up a property that either costs too much per week and is costing you money, or is not achieving the growth that you initially anticipated overtime?  The simple answer is that you divest the property and sell it. But, in this episode, we'll also teach you how to tell whether this property is really a dud or whether it is just going through a rough patch. 

In this episode, we give you 10 free gifts from Opes for you to learn about property investment, or buying your first home in the new year: The Epic Guide to Property Investment in NZ – Our 16,000 word guide to investing in property in New Zealand Property Academy Video Course – A free video course that teaches you how to invest in property within NZ. First Home Academy Video Course – Use promo code: PODCAST to access this course for free. A $99 saving. The Property Academy Podcast Your Own Terms Calculator – A calculator that shows you how much more quickly you could pay off your personal mortgage by investing in property Magazine Articles Retirement Calculator  Facebook Live with APIA – A 55-minute video we recorded live with the Auckland Property Investors Association Leverage Calculator – A calculator that shows you how much equity you have within your home and what that translates to in terms of purchasing power Property Investor Quiz – A 7-question quiz that tells you whether you are in the position to invest or now

In this episode, we discuss the three types of leverage that every investor needs to know. These are:  Leveraged Returns – when you invest in property, you are able to purchase an asset that is worth far more than the deposit you have put in. If you put in a 20% deposit, then you buy an asset that is 5x more valuable than your own deposit. The benefit of leveraged returns is that if that asset (property) goes up in value at 5% each year, that is 5% on the whole asset, which is 25% of your initial deposit. Leverage Off Your Own Home – May property investors in NZ don't start their property investment journey with a cash deposit. Rather, they leverage off their own home in order to find the deposit. Leverage Off Your Tenant's Rent – Many 1st-time property investors are worried that they are going to have to fund a second mortgage. This is not the case. Because you have a tenant in your property, you are able to use their rent to cover your operating expenses and the mortgage (at least a portion, if not all).  These three types of leverage work together to make property investment both a passive form of investment, but also an affordable means of creating wealth for everyday New Zealanders. 

In this episode, we discuss whether we agree with Invesopedia's top 10 tips for property investment. The key takeaways are: A lot of property investment education (online) is specifically geared towards the US market.  The US market has totally different dynamics to New Zealand, and the figures, yields and general rules of thumb are totally different. This means that when ratios, yields and purchase prices are suggested in these articles you need to take them with a real grain of salt as they may not apply. While the 1st tip was to be willing to do your own maintenance, this is a dangerous suggestion for two reasons:  a) you'll be encouraged to buy near your own home so you can conduct that maintenance. However, that may not be the best decision for your portfolio b) if you mess it up then you have greater liability so it is riskier.  If you can, try to find educational material and information that is geared towards property investment in NZ, rather than from overseas.

In this episode, we discuss capital gains taxes within New Zealand and the existence of the bright line test. Although we don't officially have a capital gains tax within New Zealand, we do have a capital gains tax by another name – the bright line.  The bright line says that any capital gains made on a property within the 5 years of owning a property are treated as income if the property was sold within those 5 years (except for the main family home). This means that there is effectively a 33% tax on capital gains made from property if you already earn at the top tax rate. 

In this episode, we discuss what Opes Property Coaches actually do within the process of getting started in property investment, nz.  Specifically, Opes has a 3-step property coaching programme that helps people get started in property investment: Discovery Session – Find out exactly where you are now, and where you want to go (your goals). Determine the resources you have available to be able to get you to where you want to go Plan Meeting – Create your property investment strategy, including determining how large your property investment portfolio needs to be, along with creating buying criteria about the types of properties you'll need within your portfolio Property Finding – Helping you find the right properties that fit within that strategy that was created as part of step 2 We also discuss why Opes was started and why Andrew and Ed are proud to be a part of the company. 

In this episode, we discuss several conversations Ed has recently had with his cab drivers about property investment nz, specifically about age. This is important because a bank may not be willing to lend money to someone nearing retirement because if that person was to stop working then they may not be able to afford their mortgages.  For instance, say that a person was 65 and borrowed $500,000 to purchase an investment property on a 30 year term. That person would be 95 by the time the loan was repaid, which is why the banks are typically more hesitant to loan to older borrowers. 

In this episode, we give 3 case studies of different situations. These are all real numbers given by real people through the Opes Property Investment Quiz. The quiz asks 7 questions about your personal situation and then gives an indication about whether you will be able to invest, both from an equity and servicing stand-point.