Latest / The SME Stream / Nichole Lewis Losing it all and starting again as an investor

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Nichole Lewis Losing it all and starting again as an investor · The SME Stream

0:01
Speaker 1: Bottle getting bye, So I'm checking and no giving. Just
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Speaker 1: use your mine and then never give you credits.
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Speaker 2: The time.
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Speaker 1: For service and emotions take that weekday service, emotion want
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Speaker 1: to move head. The boss wants seem to let me
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Speaker 1: I swear sometime.
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Speaker 2: The watch and welcome back to the show. I'm Tim Bevers.
0:45
Speaker 2: This is a weekend collective and this is the one
0:48
Speaker 2: radio show. We want your calls. We'd love your participation
0:51
Speaker 2: on eighty you can text on nine to two nine two.
0:55
Speaker 2: We're not gonna wry about giving out that email. Let's
0:57
Speaker 2: call or text well, and this is your chance to
0:59
Speaker 2: get involved with the show. And we've got a new
1:02
Speaker 2: guest on the show today. And in fact, it's difficult
1:05
Speaker 2: to know how to describe it, but she is someone
1:06
Speaker 2: who has made a lot of money and property and
1:09
Speaker 2: she's lost a lot of money and property. She's learned
1:11
Speaker 2: quite a few tough lessons and she's rebuilt her property
1:15
Speaker 2: career as well. And I think that that's actually one
1:17
Speaker 2: of the biggest challenges that sometimes people face. It's easy
1:20
Speaker 2: to give something a crack for the first time, but
1:22
Speaker 2: if it doesn't work out, how do you pick yourself up?
1:24
Speaker 2: And her name is Nicole Lewis, and she joins me
1:27
Speaker 2: now in the studio getting Nicole, how are you going?
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Speaker 3: Hello, Hello, I'm very great, Thanks for having me.
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Speaker 2: Yeah, because I did a bit of reading about your
1:35
Speaker 2: background and you have been through some highs and some
1:41
Speaker 2: lows in terms of your experiences in the property market. Look,
1:45
Speaker 2: just so the audience can get to get to know
1:46
Speaker 2: a bit about you. Yeah, what's been your journey in
1:50
Speaker 2: the property market?
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Speaker 3: Yeah, yeah, it looked low is a really great Actually.
1:53
Speaker 2: Just quickly, I'll just get you to bend that microphone
1:55
Speaker 2: down and so it's just yeah, sorry, I should have
1:57
Speaker 2: sawt of that before, right there, we go, there you go.
2:00
Speaker 3: Well, I think I think one of the key things
2:02
Speaker 3: is my husband. My husband, I've been married for twenty
2:04
Speaker 3: two years. And when we got married, he said, oh,
2:06
Speaker 3: look it doesn't matter if we live in a mansion
2:08
Speaker 3: or a tin shed. You know, either way, I love you.
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Speaker 2: Oh well that's sweet.
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Speaker 3: Well it is, but I laugh now because little did
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Speaker 3: he know the tin shed was going to be a reality.
2:18
Speaker 3: And yeah, that's what happened. We lost it all And
2:23
Speaker 3: I mean.
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Speaker 2: What they share as much as you like, but what
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Speaker 2: was it all? And how did you lose it.
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Speaker 3: Yeah, very good question. So we started. I started in
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Speaker 3: property sort of full time as such, in about two
2:37
Speaker 3: thousand and four. I think my daughter was on the
2:39
Speaker 3: way at the time. Ah, I didn't really know what
2:42
Speaker 3: I was doing, so I just bought property and you know,
2:46
Speaker 3: did some property flips and held property and a portfolio.
2:50
Speaker 3: Had no idea. And back then they used to always,
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Speaker 3: they being mortgage brokers and people who teach you about property,
2:56
Speaker 3: would say, leverage, leverage, leverage, and have everything negative cash flow, yes, yes,
3:00
Speaker 3: so you can get great tax returns. And I thought, oh, yeah, okay,
3:03
Speaker 3: so everything's negative. And then of course two thousand and
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Speaker 3: eight rolls along and the global financial crisis helps and
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Speaker 3: property goes through the floor, and suddenly all this negative, negative, negative,
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Speaker 3: It's like, oh, where am I going to get the
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Speaker 3: money from to pay thousands and thousands of dollars and
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Speaker 3: mortgages every month? And back then it was like, well,
3:24
Speaker 3: newwhere is where that money is coming from?
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Speaker 2: So that that's how you lost it. Basically, the cost
3:31
Speaker 2: of money went through the roof, the income went down,
3:33
Speaker 2: and Bengo, it's funny you mentioned two thousand and eight
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Speaker 2: and I didn't realize it. Was so recent that there
3:38
Speaker 2: were tough times. Because since I've been hosting a property show,
3:41
Speaker 2: which is only I don't know how many years actually now,
3:44
Speaker 2: but it's only three or four to two, three or
3:46
Speaker 2: four something like that, it seems that a lot of
3:49
Speaker 2: the most of the talk until recently has been what
3:53
Speaker 2: a no brainer it is just And I also have
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Speaker 2: a good friend of mine who has done very well
3:58
Speaker 2: in property, and he's fortunate. He's managed his portfolio well enough,
4:03
Speaker 2: but he was hanging on by the thread of his
4:06
Speaker 2: teeth and then made a great deal of money. But
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Speaker 2: it's not I think the message, which is possibly a
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Speaker 2: dangerous message sometimes is people have got the impression over well,
4:19
Speaker 2: maybe recently it's toughened up, but especially the last few years,
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Speaker 2: that property is just the no brainer, fail safe investment.
4:27
Speaker 2: But your experience tells otherwise, doesn't it.
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Speaker 3: Well, it is if you do it right right, But
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Speaker 3: if you don't know what you're doing, which I didn't,
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Speaker 3: and you listen to the wrong people, which I did,
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Speaker 3: then it's very easy to go wrong. And the other
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Speaker 3: mistake I made is I always try to do everything
4:42
Speaker 3: like pull it a gate. So it's like why I
4:45
Speaker 3: learn to walk when I can run do everything in
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Speaker 3: a million miles an hour, and I've learned that property
4:50
Speaker 3: is a marathon, not a sprint. You've got to do
4:52
Speaker 3: it slow.
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Speaker 2: What was your first property investment?
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Speaker 3: Oh god, I've got to really think back.
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Speaker 2: Is that one of those things? Of course, it's it
5:02
Speaker 2: ended up not going so well you sort of cancel
5:04
Speaker 2: the details.
5:05
Speaker 3: In my mind, it probably is.
5:06
Speaker 2: But what made you do it? Do you remember what
5:08
Speaker 2: made you do it? Because I think you said before
5:10
Speaker 2: you were pregnant when you got your first property.
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Speaker 3: Well, I mean I'd bought my first property in my
5:14
Speaker 3: own house many many years ago, and I think what
5:18
Speaker 3: made me do it was the recessive gene. You know,
5:20
Speaker 3: like my my grandparents bought me up and they were
5:23
Speaker 3: very much well, you worked till year sixty five, you
5:26
Speaker 3: buy your family home, you pay it off, you stay
5:28
Speaker 3: in the same job forever, and when you retire you
5:30
Speaker 3: can live. And I thought, oh god, really, so you know,
5:34
Speaker 3: there's got to be a better way than that. So
5:37
Speaker 3: I sort of read books and you know, talk to
5:41
Speaker 3: people who are wealth and they all bought property. Yeah,
5:44
Speaker 3: so I thought to myself, well, if I can buy
5:45
Speaker 3: ten properties and then pay them down, then in a
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Speaker 3: few years time, I can sell off five, keep five
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Speaker 3: and I'll be rich.
5:52
Speaker 2: But in a way, I mean, do you think that
5:54
Speaker 2: in a way there's something in that that it paid
5:56
Speaker 2: not to think about it too much, because I think
5:58
Speaker 2: you can at the other side of the scalers. You
6:00
Speaker 2: can think about something so often for so long that
6:03
Speaker 2: taking action becomes oh, I don't know, it becomes harder
6:07
Speaker 2: and harder because the more and more you learn, you
6:10
Speaker 2: also learn about the downsides and the upsides, and you think,
6:12
Speaker 2: but what if? But what if? What if? But what if?
6:14
Speaker 2: And never do anything?
6:15
Speaker 3: Oh, you're totally right. There's three types of people and property.
6:18
Speaker 4: You know.
6:18
Speaker 3: There's what I was, which was a let's just jump
6:21
Speaker 3: in and worry about the detail later, which can trip
6:23
Speaker 3: you up. And then there's the analysis to paralysis like
6:26
Speaker 3: you've just mentioned, never do anything. And then there's the
6:30
Speaker 3: people in the middle, where we all should be, who
6:32
Speaker 3: actually take a calculated risk. They dig risk by learning
6:36
Speaker 3: what they're doing, and then they buy via the numbers,
6:38
Speaker 3: not buyer emotion. That's how you get a hit.
6:41
Speaker 2: How did well? The other thing is, as well as
6:44
Speaker 2: disappointment and failure can often lead to a fear of
6:47
Speaker 2: repeated failure, I guess. And it's one thing to get
6:51
Speaker 2: into something for the first time and succeed or whatever.
6:54
Speaker 2: But you got knocked down, and you can imagine there'd
6:57
Speaker 2: be a lot of people who would never get back
7:00
Speaker 2: to that fight because they're like, I did that once.
7:02
Speaker 2: Stuff that. How did you find it within you to
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Speaker 2: get cracking again?
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Speaker 3: It was a very good question when I didn't get
7:09
Speaker 3: knocked down. I got knocked out, man, No, you one
7:12
Speaker 3: hundred percent correct, and my kuds but little at the time,
7:14
Speaker 3: they were sort of two and three, and I sort
7:17
Speaker 3: of looked at it, thinking, well, I've got to be
7:19
Speaker 3: an example to them. I was stressed. I'd feel physically
7:22
Speaker 3: sick going to the ATM to go Have I got
7:24
Speaker 3: any money or not? Goodness, we lived off baked beans,
7:27
Speaker 3: like my book opens with, you know, is it baked
7:29
Speaker 3: beans dinner again, mum? Because it's like that's what we
7:31
Speaker 3: could afford.
7:33
Speaker 5: You know.
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Speaker 3: It was really stressful times, and I thought, well, I
7:37
Speaker 3: don't want that sort of life. And I tend to
7:39
Speaker 3: look at things. I've always been a glass half full
7:41
Speaker 3: kind of girl, and I looked at it thinking, well,
7:44
Speaker 3: I think it's great to make mistakes because mistakes are
7:47
Speaker 3: an opportunity to learn. And I thought, well, I've just
7:50
Speaker 3: made enough mistakes to have the lessons of a lifetime.
7:54
Speaker 3: So I knew what to do. I knew what was
7:56
Speaker 3: good and property, and I knew what not to do.
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Speaker 3: So Number one was to get my mindset right. It's okay,
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Speaker 3: come on, let's you can do this. Let's get the
8:04
Speaker 3: mindset right, a determination, and let's start again.
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Speaker 2: Well that's easy said than done, isn't it, Because human
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Speaker 2: emotions can be overwhelming, and that ability to actually step
8:15
Speaker 2: aside from that and be a bit methodical, perhaps is
8:18
Speaker 2: it about working things out?
8:20
Speaker 3: You're one hundred percent correct, It is far easier said
8:23
Speaker 3: than done. And I mean, I've studied psychology, I've studied
8:25
Speaker 3: new neurolinguistic programming, so it's probably a little bit lucky,
8:28
Speaker 3: and that I understood it. Like the little voice inside
8:32
Speaker 3: your head, we all have one. You know, we're not insane.
8:34
Speaker 3: It does put us either up or down, and so
8:37
Speaker 3: mine certainly put me down in those times, told me
8:40
Speaker 3: how useless I was. Everything. So I had to make
8:42
Speaker 3: a conscious effort to turn it all around and to go, no,
8:46
Speaker 3: look at what you've learned, start again and I did it,
8:49
Speaker 3: but with shoveling horsepoop literally literally.
8:54
Speaker 2: Explain.
8:56
Speaker 3: So we'd lost the family home and we moved into
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Speaker 3: a home and through a friend of a friend, and
9:03
Speaker 3: that home came with a horse, and I started to think, well,
9:08
Speaker 3: hang on, I can make some money by shoveling horse poop.
9:12
Speaker 3: So literally i'd run around actual quite enjoyed. It was
9:14
Speaker 3: good thinking time. I'd go and I'd shovel pooh, I'd
9:17
Speaker 3: stick it in the wheelbarrow. The next door neighbor had horses.
9:20
Speaker 3: I asked if I could have her horse feed somewhere
9:22
Speaker 3: new Yeah, and I did. I tied them newer up.
9:25
Speaker 3: I tied the bags up, I dragged to the top
9:27
Speaker 3: of the drive, and I'd sell them for two dollars
9:29
Speaker 3: a bag and tea. Was very exciting when I'd come
9:32
Speaker 3: home and someone had bought them, and new were like, booh,
9:34
Speaker 3: I've made six dollars.
9:36
Speaker 2: Because to me, what that is sounds like you just
9:42
Speaker 2: put one foot in front of the other. You just
9:43
Speaker 2: got to keep moving. You can't, I mean you you
9:47
Speaker 2: must have wallowed at some stage in disappointment when it
9:50
Speaker 2: all fell apart.
9:51
Speaker 6: Only for eighteen months, okay, gosh, okay, By the way,
9:58
Speaker 6: we'd like to hear your have your calls on O
10:01
Speaker 6: eight one hundred and eighty ten to eighty.
10:03
Speaker 2: We're going to dig into the market a bit more.
10:04
Speaker 2: But at the moment we've got a new guest on
10:06
Speaker 2: the show, Nicole Os when we're hearing about herb sort
10:08
Speaker 2: of path from success to failure to redemption, etc. But
10:12
Speaker 2: also if you have a story that you'd like to
10:15
Speaker 2: share with us about what made you get into the
10:18
Speaker 2: property market and the mistakes you've made or how you
10:19
Speaker 2: picked yourself up again, because I think especially those are
10:23
Speaker 2: lessons that we can all learn from all the time
10:25
Speaker 2: in life. Because unless you're one of those blessed people
10:27
Speaker 2: who chooses a career and just makes an amazing success
10:31
Speaker 2: of your life, then you're one in a million. Probably
10:34
Speaker 2: it's getting over those disappointments that really, I guess is
10:37
Speaker 2: the key, isn't it true?
10:38
Speaker 3: True? I mean, look, it happens to all of us now,
10:40
Speaker 3: and you're right, it's how you get up.
10:43
Speaker 2: So what was the first thing you did your first
10:47
Speaker 2: foray back end property then and how did you feel
10:50
Speaker 2: at the time that you did it?
10:51
Speaker 3: Yeah, Look, I think you've got to always celebrate your success.
10:55
Speaker 3: So whenever you have a small wind, celebrate it. And
10:57
Speaker 3: I certainly did that in my shoveling horse manure days.
11:01
Speaker 3: And I thought to myself, you know what, if I
11:02
Speaker 3: can make some money with nothing, because horsemen you are
11:05
Speaker 3: cost you nothing, then surely I can make some money
11:08
Speaker 3: with nothing and property. And I knew how to do that.
11:10
Speaker 3: I'd done no money deals before, so I thought, there's
11:13
Speaker 3: nothing stopping me. I've have to just find someone who
11:16
Speaker 3: will take me on, employ me as such, and go
11:20
Speaker 3: out there and look for property. That's what I did,
11:21
Speaker 3: and I did my first no money property finding correct. Yeah,
11:24
Speaker 3: I made two thousand dollars and man was I excited.
11:28
Speaker 2: So someone was looking for an investment property correct?
11:31
Speaker 3: Correct?
11:32
Speaker 2: And how did you convince someone that you were the
11:35
Speaker 2: right person to do that job? Did you sort of
11:39
Speaker 2: say what you'd learned through the mistakes you've made, or
11:42
Speaker 2: how did you do that?
11:43
Speaker 3: I think back then it was more a little bit
11:45
Speaker 3: of fake it till to make it. I don't think
11:46
Speaker 3: I ever came up with my mistakes until I was
11:48
Speaker 3: successful again. But I knew what I was doing, so
11:52
Speaker 3: I'd convinced them based on my numbers, and I'd convinced
11:55
Speaker 3: them based on my experience, that went right. So it's
11:59
Speaker 3: very good. Before we lost all our money, I could
12:01
Speaker 3: honestly say I'd never lost any money in a property flip,
12:04
Speaker 3: which was true.
12:05
Speaker 2: See some of my audience, the word flip is like
12:08
Speaker 2: another four letter word because flipping has And now when
12:12
Speaker 2: you talk about flip, because the headlines you would often
12:14
Speaker 2: read in the paper if someone's bought a property somewhere
12:17
Speaker 2: and three weeks later they've just sold it for a
12:19
Speaker 2: hell of a lot more money, which to me is
12:21
Speaker 2: they went to the casino in a way. And I
12:24
Speaker 2: imagine there could have been stories when the market turned
12:26
Speaker 2: of the person who bought something thinking they're going to
12:28
Speaker 2: sell it for fortune, who lost their dough. But what
12:31
Speaker 2: is what's the flipping that you talk about?
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Speaker 3: So what I do is I particularly like a house
12:38
Speaker 3: that is unliveable. You know, it's just in a diabolical state,
12:43
Speaker 3: practically falling down, but cosmetic only.
12:46
Speaker 2: So in other words, moldy, uninsulated jibs falling apart, correct,
12:51
Speaker 2: torn wallpaper, but kitchen's falling apart, but the bones are there, correct, Yeah.
12:56
Speaker 3: That's correct. I mean I've had ones. There's big holes
12:58
Speaker 3: in the floor, the someone stolen the whole water cylinder,
13:02
Speaker 3: the whole place is flooded. You know, well that.
13:04
Speaker 2: Sounds yeah, okay, sounds pretty bad.
13:07
Speaker 3: Oh terrible. I had one where the kitchen had a
13:10
Speaker 3: gas tank and it hooked up to the stove directly,
13:14
Speaker 3: so it was, yeah, terrible.
13:18
Speaker 2: And so you like those because they appear to be
13:23
Speaker 2: really awful, but the fixing of them isn't as hard
13:27
Speaker 2: as a novice might think or how.
13:28
Speaker 3: Would we yeah, correct, Like a home buyer won't buy them,
13:31
Speaker 3: they can't afford to do them up, but they're a
13:33
Speaker 3: good house. So you buy it, you do it up,
13:36
Speaker 3: you turn it into something absolutely amazing. And then you
13:39
Speaker 3: take a tired rundown house and you turn it into
13:41
Speaker 3: a glorious home for a homeowner and a family to
13:44
Speaker 3: live in for years. That's what I love to do.
13:46
Speaker 2: And how long does it take you to do that generally.
13:48
Speaker 3: Depends on the size of the house, but usually three
13:50
Speaker 3: to four weeks.
13:52
Speaker 2: So I'm guessing you have a team of people who
13:54
Speaker 2: you can pick up the phone and go, got a job.
13:56
Speaker 2: Get your team here. It needs abcd G up to
14:00
Speaker 2: x y Z correct correct. Okay, So that's another thing.
14:04
Speaker 2: Isn't it knowing you've got people you can call on
14:06
Speaker 2: who will get rolling into it one hundred percent.
14:09
Speaker 3: I mean, I've got an absolutely fantastic team of trades people.
14:12
Speaker 3: But you know the key thing with trades people who
14:14
Speaker 3: pay them the day they give me their bill, I
14:16
Speaker 3: pay it. Yeah, and so many people don't do that.
14:19
Speaker 2: That is such a good. That is such a good,
14:22
Speaker 2: and that seems so obvious, doesn't it. I mean, I'm
14:24
Speaker 2: not a property investor. I've got my own home, but
14:27
Speaker 2: as soon as I get the bill from a trades person,
14:29
Speaker 2: I pay them bingo straight away because you know I
14:33
Speaker 2: might need them again for something else, some stiff I
14:35
Speaker 2: don't know. It's just to be honest to me if
14:37
Speaker 2: you can afford. It's just ethics, isn't it.
14:39
Speaker 3: It's amazing how many people don't or they fight over
14:42
Speaker 3: something nigli, but in trades people are worth their weight
14:46
Speaker 3: in gold. My team are amazing.
14:49
Speaker 2: Okay, well, we'd love to. If you've got any questions
14:51
Speaker 2: when the call us, then give us a call. One
14:53
Speaker 2: hundred and eighty ten eighty. We're going to get into
14:55
Speaker 2: I'm going to keep exploring that you know her secrets
14:58
Speaker 2: to what makes property, How do you actually get into
15:00
Speaker 2: property and make it work as an investment? But also
15:03
Speaker 2: are we going to touch on a recent story in
15:06
Speaker 2: the one I'm reading as a New Zealand Herald, which
15:10
Speaker 2: talks about the amount of debt you might have to
15:13
Speaker 2: go into if you are buying an investment property and
15:15
Speaker 2: is it really worth it? Does? In my simple question
15:18
Speaker 2: I've written my notes is does the equation for property investing?
15:23
Speaker 2: Does it suck? Now? Was the right way I write
15:25
Speaker 2: it for myself. So we're going to explore that little
15:27
Speaker 2: further based on the current market. Eight hundred and eighty
15:30
Speaker 2: ten eighty is the number. And actually, if you're looking
15:33
Speaker 2: at property investing, what's going to make you get into it?
15:35
Speaker 2: Or do you look at that equation and think, oh,
15:37
Speaker 2: it's got to improve. Maybe I'll barden my time. I
15:39
Speaker 2: one hundred and eighty ten eighty. You can text me
15:40
Speaker 2: on nine two, nine to two and we'll be back
15:42
Speaker 2: in just a moment. On Tim Beverages. This is a
15:44
Speaker 2: week in Collective The One Roof Radio Show Over to
15:47
Speaker 2: you twenty two past four. Welcome back to the one
16:18
Speaker 2: Roufradio Show. My guest is Nicole Lewis's She's made it all,
16:21
Speaker 2: she's lost it all, and apparently she's not made at all.
16:24
Speaker 2: I don't know what it all would be, but anyway,
16:27
Speaker 2: Nicole Lewis is my guest. By the way, Nicole, you
16:29
Speaker 2: wrote just before we go to our callse we've got
16:31
Speaker 2: a few people lining up to get your advice and
16:33
Speaker 2: have a chat about property. You've also written a book
16:36
Speaker 2: called Property Quadrants. I think it was is that quadrants
16:39
Speaker 2: thing based on the is that Kiyosaki Robert Kiyosaki, the
16:41
Speaker 2: sort of anyway you can talk now.
16:46
Speaker 3: Look, I'm a big fan of Robert Kiyosaki. I love
16:48
Speaker 3: his cash flow quadrants, And actually it was I was
16:51
Speaker 3: reading his one of his cash flow quadrants books and
16:53
Speaker 3: I thought, you know what I reckon This applies to property.
16:56
Speaker 3: So it took me a few years to come up
16:58
Speaker 3: and perfect the concept. But per it properly fits into
17:01
Speaker 3: four quadrants. Two of them make you poor and two
17:03
Speaker 3: of them make you rich. It's just a case of
17:05
Speaker 3: knowing which is which.
17:07
Speaker 2: That sounds like the holy grail of property investing. Right,
17:09
Speaker 2: Let's take some calls, let's get right into it, and Sylvie, hello,
17:14
Speaker 2: hang on a second. We've just got a technical thing
17:16
Speaker 2: I'll just check that we've got the right and button
17:18
Speaker 2: pushed and Sylvie try again.
17:20
Speaker 7: How are you going, Tom and Nicole?
17:22
Speaker 2: Good? Thanks?
17:23
Speaker 5: Hello?
17:25
Speaker 2: Where you go, Sylvie? You can chat away where you're
17:28
Speaker 2: on here, you can actually talk here. Where you go?
17:30
Speaker 7: Thank you. I just wanted to say, I'll be following
17:33
Speaker 7: the cold story for a long fight. Super super impressed
17:37
Speaker 7: with her books and then the way she sort of
17:41
Speaker 7: organizers and strategizes with her her property portfolio. I'm also
17:47
Speaker 7: property bit of a small time property rental property owner
17:53
Speaker 7: as well.
17:53
Speaker 2: Yeah.
17:54
Speaker 7: Yeah, And I just wanted to say, I think that
17:57
Speaker 7: after having some experience with you know, the new build
18:00
Speaker 7: properties and getting in with you know, the really hard done,
18:04
Speaker 7: worn out properties that no one would take on, I
18:07
Speaker 7: would take on one of those any day. Just I
18:11
Speaker 7: think there's also a sense of psychological or that you
18:13
Speaker 7: get from it.
18:14
Speaker 3: Yeah, definitely.
18:16
Speaker 2: How do you take something on knowing that the bad
18:20
Speaker 2: appearance and the cosmetics sort of problems don't reveal a
18:23
Speaker 2: really big problem you don't know about, Sylvie.
18:26
Speaker 7: Well, I think Nicole's onto it with having the right
18:29
Speaker 7: team of people to back you, and I think you
18:32
Speaker 7: also need to have a little bit of experience probably
18:36
Speaker 7: doing your own bit of DIY and not be afraid
18:39
Speaker 7: to roll up your sleeves and maybe not spend the
18:42
Speaker 7: whole time renovating. But you know, you need to kind
18:44
Speaker 7: of have some experience.
18:45
Speaker 2: You need to know what it looks like to screw
18:46
Speaker 2: on some jerb. Is that what you're saying?
18:49
Speaker 7: Yeah, I think so, Yeah, I don't know what Nicole thinks.
18:52
Speaker 7: I actually just have to confess something. I have known
18:55
Speaker 7: Nicole for a really long time. In fact, I was
18:58
Speaker 7: the little girl that Evandale bounced on the trampoline with
19:02
Speaker 7: when she was like a big sis to me. I
19:04
Speaker 7: don't know if she remembers me, but she's just got.
19:07
Speaker 2: That expression where she's the penny has.
19:09
Speaker 3: Dropped in Sylvia next door Rosalie and Trevor's daughter.
19:15
Speaker 7: Yes, and they are just absolutely buzzed that you have
19:20
Speaker 7: done so well after seeing you grow up and you know,
19:24
Speaker 7: into the amazing person you are. And yeah, I just so.
19:28
Speaker 7: I actually was going to text you last weekend and
19:31
Speaker 7: say you must get Nicole on and it's just.
19:34
Speaker 5: Your fortuitous timing.
19:36
Speaker 2: The timing is very nice to hear from your Sylvie.
19:38
Speaker 3: It's really exciting to good stuff.
19:42
Speaker 2: Thanks you guys, love you to make those connections again.
19:45
Speaker 2: Actually that does trigger a question for me, though, what
19:50
Speaker 2: sort of I hate the expression due diligence because it's
19:53
Speaker 2: it's almost a phrase that makes me go because it
19:56
Speaker 2: sounds so corporate and boring. But it means checking out
19:59
Speaker 2: things so you don't get caught by any nasty surprises.
20:01
Speaker 2: I guess, how do you assess a property that looks
20:06
Speaker 2: like it's Look, there's a bit of work, we can
20:08
Speaker 2: turn it around in three or four weeks, as opposed
20:09
Speaker 2: to turns out to be Oh my goodness, the piles
20:12
Speaker 2: needed to redoing. We had to do X one Z
20:14
Speaker 2: and it was just a disaster.
20:16
Speaker 3: Look very very good. Question one is I have a
20:20
Speaker 3: very good idea from experience, So you can pretty much
20:22
Speaker 3: guarantee when you rip out a kitchen, you're going to
20:24
Speaker 3: have rotten the You're going to have to replace the nogs.
20:26
Speaker 3: You can pretty much guarantee the same thing from the bathroom,
20:29
Speaker 3: and somewhere you're going to have rotten flooring. So it
20:31
Speaker 3: already priced those unexpected in because they're going to be there.
20:34
Speaker 3: And the other thing I do is, just before I
20:37
Speaker 3: go unconditional on a property, I get my builder to
20:40
Speaker 3: go and check just to make sure I haven't missed anything.
20:43
Speaker 2: Okay, so you know what you're looking for. But then
20:44
Speaker 2: you go, hey, mate, you need to go and have
20:46
Speaker 2: a look at this house.
20:46
Speaker 3: Back to go uncondition, climb up into that ceiling because
20:49
Speaker 3: I don't want to, and make sure the load bearing
20:51
Speaker 3: walls are exactly as we think, and crawl under the
20:54
Speaker 3: house like I've already done, and just double check that
20:56
Speaker 3: I'm right that there's nothing. Piles are easy, I mean
20:59
Speaker 3: usually house it's you feel like you're walking downhill when
21:03
Speaker 3: you go in a room, so you know they're shot.
21:05
Speaker 2: Yeah. Would you take on a property that had to
21:07
Speaker 2: have that done?
21:08
Speaker 3: I always say never, say never.
21:10
Speaker 2: But that would be a negative, that would be well.
21:13
Speaker 3: It's a case of can I buy it for the
21:14
Speaker 3: right price, because things like a re roof and a
21:16
Speaker 3: repile they don't add any value to the house because
21:19
Speaker 3: people think they should be done anyway, but they had
21:21
Speaker 3: to add a lot of cost.
21:23
Speaker 2: Okay, right, okay, let's take some more. Of course, I've
21:26
Speaker 2: got lots of questions for which I'm starting right down
21:28
Speaker 2: the south because well that's why it works, right, But
21:32
Speaker 2: we'll take the calls next.
21:34
Speaker 4: Paul, Hello, there's are going. Yeah. I got into properlies
21:38
Speaker 4: thirty five years ago when there was it was just
21:41
Speaker 4: slowly taking taking off on the rentals at that time, Vucci.
21:48
Speaker 4: All of them that we saw were all doer uppers.
21:52
Speaker 4: We had a real estate agent that used to try
21:54
Speaker 4: and you know, if they couldn't sell them, when you
21:57
Speaker 4: come to us and sell them, sell them to us.
22:03
Speaker 4: We nearly went went bankrupt once because one of the
22:08
Speaker 4: properties we bought was a real major doer. Even my
22:13
Speaker 4: mate he you know, because I went. Halves were made
22:17
Speaker 4: of my when I was coming to buy that. When
22:22
Speaker 4: we had to buy the property, we had to use
22:24
Speaker 4: mortgage brokers to get the loans. The loans, I don't
22:27
Speaker 4: think the loans weren't as easy to get then as
22:31
Speaker 4: they are. And now you know you could buy houses
22:34
Speaker 4: for one hundreds, one hundred and fifty thousand and that
22:37
Speaker 4: that that that time, you know they were. But now
22:42
Speaker 4: I'm really pleased I got into it because I'm retired.
22:45
Speaker 4: All my properties are freehold. I've got an income of
22:49
Speaker 4: over two thousand dollars a week.
22:52
Speaker 2: Have you just run up now?
22:53
Speaker 4: Have you just rung up the sky?
22:54
Speaker 2: Have you just run up to run up? To scope
22:56
Speaker 2: for well.
22:58
Speaker 4: You know, I think there is a learning thing, but
23:02
Speaker 4: it is good to to if you can, if you've
23:05
Speaker 4: got somebody that knows about it too, you know, to
23:08
Speaker 4: to get it, get it, get it, get into it
23:10
Speaker 4: as well. You know.
23:11
Speaker 2: Are you are you still involved in it? Are you
23:14
Speaker 2: just sort of sitting out?
23:16
Speaker 4: Yes? Yes, it's on my properties. One of my properties
23:19
Speaker 4: take you know, becoming. There's one house and it's got
23:22
Speaker 4: four properties in one house, and and that takes over
23:26
Speaker 4: two thousand dollars a week. And I've got no mortgages
23:29
Speaker 4: on the The way I paid it off so quickly
23:33
Speaker 4: was I The way I paid off so quickly was
23:37
Speaker 4: I sold one of my rentals And you can't put
23:42
Speaker 4: the money on total money. And I was just paying
23:44
Speaker 4: one thousand dollars a week week off it.
23:46
Speaker 2: Because you pay no interest at all.
23:51
Speaker 4: Paying a thousand dollars.
23:54
Speaker 2: You're not really calling for advice, then, I Paul.
23:56
Speaker 4: No, No, I'm just saying that it's a good thing
23:58
Speaker 4: to get into you.
24:00
Speaker 2: Hey, get good tear from you. I have you've got
24:01
Speaker 2: any thing to add there?
24:03
Speaker 3: I think I totally agree with you, Paul, And I
24:05
Speaker 3: also think you've hit one of the good nuggets of
24:08
Speaker 3: gold there. Multi income properties is definitely the way to go.
24:11
Speaker 3: We'll talk about that a bit more.
24:13
Speaker 2: Actually tell about it now. Because he said one house,
24:16
Speaker 2: four incomes. I think that's what he said. What's that?
24:19
Speaker 3: So I talk about investing in the property quadrants and
24:23
Speaker 3: quadrant four is the passive income quadrant where you make
24:26
Speaker 3: passive income immediately. So therefore the way to make that
24:30
Speaker 3: work is to actually buy a property that's multiple incomes.
24:34
Speaker 3: Not just go buy your three bedroom, one bathroom house
24:36
Speaker 3: that gives you one income and it all. People will
24:39
Speaker 3: say that's a four percent yield, which will be gross.
24:41
Speaker 3: It will be two percent net, which will cost you
24:42
Speaker 3: an arm and a leg. That's quadrant too. That's how
24:44
Speaker 3: you become cash poor.
24:46
Speaker 2: Is that what we're talking about? In that what I
24:48
Speaker 2: mentioned before, the way the property market is okay, good,
24:50
Speaker 2: carry on.
24:51
Speaker 3: So what you've actually got to do is buy by
24:53
Speaker 3: the numbers and go for usually a block of units.
24:57
Speaker 3: When I say a block, it could be two, could
24:58
Speaker 3: be three, could be four. And then you've got multiple
25:01
Speaker 3: incomes coming in from that same property. And that's how
25:04
Speaker 3: you actually get a cash flow positive from day one.
25:06
Speaker 3: So you're putting money in your pocket rather than taking
25:08
Speaker 3: it out.
25:09
Speaker 2: Is the equation for those multi unit sort of properties.
25:12
Speaker 2: Is that quite different to the buying one.
25:14
Speaker 3: Property and totally totally different? You know, they're two completely
25:18
Speaker 3: different quadrants.
25:19
Speaker 2: Why is that? Why would one be so much more
25:21
Speaker 2: favorable than buying a nice eighth of an eight to AKA.
25:25
Speaker 3: Let's say, well, to start with, you know, typically what
25:29
Speaker 3: we do in New Zealand is we buy the family
25:30
Speaker 3: home first, and that's an emotional purchase. So you know,
25:33
Speaker 3: that's what I call quadrant one. It's emotional, and then
25:36
Speaker 3: we scrimp and we save, and we get to the
25:38
Speaker 3: point in life we've got some equity and we think, right,
25:40
Speaker 3: go buy an investment property. But we take that same
25:42
Speaker 3: emotional thinking and we go and buy something similar to
25:45
Speaker 3: but not quite as good as our own house that
25:47
Speaker 3: we like, and that's quadrant too, makes us accidentally cash poor.
25:51
Speaker 2: And that seems like that's most New Zealand as obsession
25:54
Speaker 2: is buying something that they think they'd like to live in,
25:57
Speaker 2: and therefore it will be worth a lot more eventually
26:00
Speaker 2: because someone else will put that value on it as well,
26:03
Speaker 2: and we're going to dig into that more. Actually, but
26:04
Speaker 2: this is fascinating stuff. My guest is Nicole Lewis on
26:07
Speaker 2: tim Beverages is the one roof radio show on Newstalks.
26:11
Speaker 2: He'd b we take your calls. I weight one hundred
26:12
Speaker 2: and eighty ten and eighty if you want to pick
26:14
Speaker 2: Nicole's brains on anything to do with property investing, and
26:17
Speaker 2: we'll be back in just a moment. As I say,
26:18
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27:21
Speaker 8: You get on top of your busy life.
27:23
Speaker 2: Tim Beveridge on the Weekend Collector News Talk said, b
27:27
Speaker 2: and where with Nicole Lewis. She is a property investor
27:31
Speaker 2: who's been there, done that, one had all, lost it all,
27:33
Speaker 2: got it back again. She's the author of a book
27:35
Speaker 2: called Property Quadrants, which I gather you can get it
27:37
Speaker 2: all good booksellers helps. I'll just turn your microphone. Sorry
27:41
Speaker 2: about that, Nicole, And we've got lots of calls lining
27:43
Speaker 2: up to maybe a little bit of advice or share
27:46
Speaker 2: their experience with you. Simon High Yeah, Hi, I.
27:50
Speaker 8: Have a question for Nicole. Can a property owner be
27:54
Speaker 8: charged fringe benefits tax if they get they led a
28:00
Speaker 8: relative live in a property for say half the mental
28:04
Speaker 8: market rate for rent. Does the ID look at that
28:09
Speaker 8: as a French benefit and charge text to the owner.
28:12
Speaker 3: I'd have to say, I'm not a qualified accountant, so
28:15
Speaker 3: you'd really need to get accounting advice as to whether
28:19
Speaker 3: that would be something that they would look at or not.
28:22
Speaker 3: And my experience I would say no, I haven't had
28:25
Speaker 3: that happen, But an accountant would be the right person
28:29
Speaker 3: to talk to you because ID laws change all the time.
28:33
Speaker 2: Right, Okay, okay, assignment. Actually it's interesting because that would
28:38
Speaker 2: be one air of property investing where unless your own accountant,
28:41
Speaker 2: don't try and do your own accounts. Get good advice.
28:44
Speaker 3: Definitely, definitely, because of course, if you make a mistake,
28:48
Speaker 3: the IID don't consider that. They just penalize you anyway,
28:51
Speaker 3: So it's very very important I have not only a
28:53
Speaker 3: good accountant, but a good property accountant.
28:56
Speaker 2: A good point. And by the way, can you are
28:59
Speaker 2: you pretty good with the certain skills and houses? Can
29:02
Speaker 2: you screw on some jib and do a bit of plaster?
29:04
Speaker 3: I'm uselessless.
29:07
Speaker 2: I was really hoping you'd say, oh absolutely, I can.
29:09
Speaker 2: I can. I could reline your home in half a day.
29:13
Speaker 2: I just get the jib in there. Give me the
29:15
Speaker 2: what is it, the special automatic screw gun. Okay, but
29:21
Speaker 2: you know people who do that. He's your advice. Okay,
29:24
Speaker 2: let's take some more calls. Richard High, Hello.
29:28
Speaker 5: Thank you very much for taking my call. I've got
29:30
Speaker 5: a simple question from the coole, and that's one of
29:33
Speaker 5: price if I paint a scenario, there's a house that's
29:36
Speaker 5: down the road and it's worth about one point one million, Say,
29:39
Speaker 5: and you think that the house that you have found,
29:42
Speaker 5: it's a wreck you described before, and you you look
29:45
Speaker 5: at that and you think, well, I can do this
29:46
Speaker 5: up for a hundred thousand. What would you expect to
29:49
Speaker 5: buy the p property at? Beautiful question risk and all
29:54
Speaker 5: of that sort of stuff. Beautiful question, organization and risks?
29:59
Speaker 2: Yeah, excellent question.
30:01
Speaker 5: Rich uncover some something you weren't expecting. Yeah, yeah, what's
30:05
Speaker 5: your advice?
30:06
Speaker 3: Well, it's a very good question, because you make your
30:08
Speaker 3: money on your purchase, and I work my numbers backwards.
30:11
Speaker 3: Say what I mean by that is I say, okay, right,
30:14
Speaker 3: what is a house the same going to sell for
30:17
Speaker 3: once it's done up? And the only way you know
30:19
Speaker 3: that is to actually go to the market and have
30:20
Speaker 3: a look in the open homes. So let's say once
30:23
Speaker 3: it's a beautifully done up it's going to sell for
30:25
Speaker 3: one point two million. Then I say, right, what's my
30:29
Speaker 3: cost of not only the renovation but my holding cost?
30:32
Speaker 3: What am I going to have to pay the bank?
30:34
Speaker 3: And what am I going to have to pay interest?
30:35
Speaker 3: And what are my sales cost, in other words, my
30:37
Speaker 3: commission to the real estate agent, my staging, my marketing fees,
30:41
Speaker 3: and my legal Then I add all that up, and
30:44
Speaker 3: let's say that's one hundred thousand dollars. I take that off,
30:47
Speaker 3: and then I say, okay, I also want to make
30:48
Speaker 3: a profit out of that, and I also want a
30:51
Speaker 3: little bit of leeway, and could I, in case, as
30:54
Speaker 3: you said, you uncover something or I have to discount it,
30:56
Speaker 3: I take that off. And that's why I want what
30:59
Speaker 3: I want to buy the property four. So it's a
31:02
Speaker 3: mathematical equation.
31:03
Speaker 2: Where's he gone? I suddenly do I think we suddenly
31:05
Speaker 2: asked him? Did I click off? I don't think we've
31:09
Speaker 2: got to follow up a question there anyway.
31:13
Speaker 3: But it was a great question.
31:15
Speaker 2: Actually, the question I had about that is, what about
31:20
Speaker 2: you talking about multi income purchases? So basically, you're buying
31:24
Speaker 2: a piece of land with four units on it. That's
31:28
Speaker 2: to me, are you buying that also to sell it
31:31
Speaker 2: later on for a profit or because if you're generating
31:33
Speaker 2: income at the start, those seem like properties, you're not
31:36
Speaker 2: buying them so much for the massive capital gain or what.
31:39
Speaker 3: Well, you see you're crossing your quadrants. So the first
31:43
Speaker 3: question when we're talking about renovation, that's quadrant three when
31:45
Speaker 3: you do something to make some money, which is active income.
31:49
Speaker 3: And quadrant four is your multi units like you're talking
31:51
Speaker 3: about now. The interesting thing about quadrant four is you think, well,
31:54
Speaker 3: why am I buying an investment property? People go to
31:57
Speaker 3: hold long term, So yes, what's your end result? Do
32:00
Speaker 3: you want to sell it at some stage for capital
32:02
Speaker 3: gain or do you want to keep it forever for
32:04
Speaker 3: the income coming in for retirement? And that's where multi
32:08
Speaker 3: units are good in both because multi units you'd have
32:10
Speaker 3: four lots of income coming in in your retirement. But
32:13
Speaker 3: also when it gets sold eventually at some stage, you
32:17
Speaker 3: can typically quadruple rather than double because you can actually
32:21
Speaker 3: subdivide them, put them on separate titles, and sell them
32:24
Speaker 3: separately when you're ready to sell down the track.
32:26
Speaker 2: Excellent. Actually, I've got Richard back there. I don't know
32:28
Speaker 2: how it lost it. Sorry, that might have been my thought.
32:30
Speaker 2: Richard might have clicked the mouse. Did you have a
32:32
Speaker 2: FOLLO up question.
32:32
Speaker 5: For yes, I did.
32:34
Speaker 4: I didn't go.
32:35
Speaker 5: I was still here listening to you.
32:36
Speaker 2: Good. Excellent.
32:37
Speaker 5: So what you were saying, Nicole, is you add it
32:40
Speaker 5: all up and maybe make an allowance for some difference,
32:43
Speaker 5: like I don't know, there's no garage on one. You'd
32:45
Speaker 5: take all that into account, and then you also have
32:49
Speaker 5: a contingency component and you just set it all up
32:51
Speaker 5: and say that's what I would offer because of all
32:54
Speaker 5: the risks and all the effort and planning and so on.
32:57
Speaker 5: That's right. So you just work it back from a
33:00
Speaker 5: down the way correct. So the next question I've got
33:02
Speaker 5: is how do you present that to the seller? Do
33:06
Speaker 5: you tell them all this or do you just say
33:08
Speaker 5: I'm going to offer you five hundred thousand In the
33:11
Speaker 5: back of your mind, you know you have to do
33:12
Speaker 5: all this work.
33:13
Speaker 7: Well.
33:13
Speaker 3: I always like that olden an honest approach. So I'm
33:16
Speaker 3: always thinking, and here's I tell them why. I mean,
33:19
Speaker 3: usually I'm dealing with an agent and the agent's dealing
33:21
Speaker 3: with the seller, and I say, this is the work
33:24
Speaker 3: that needs to be done on the property, this is
33:26
Speaker 3: what I think it's going to cost. Therefore I'm going
33:27
Speaker 3: to offer this. I always think open and honest is
33:30
Speaker 3: the best way to go.
33:31
Speaker 2: Yeah, and that's I mean, there's a bit of advocacy
33:33
Speaker 2: in there as well, isn't it. It's like you're trying
33:35
Speaker 2: to influence the attitude of the seller to what he
33:37
Speaker 2: can really he or she can really expect to get correct.
33:40
Speaker 3: But what you have to realize as well is a
33:41
Speaker 3: lot of the sellers this is their house. They're in
33:43
Speaker 3: quadrant one. They love their house, and they don't see
33:46
Speaker 3: what's wrong with it, right, So therefore they might want
33:49
Speaker 3: top dollar as though it's already done up, because in
33:51
Speaker 3: their mind it's wonderful.
33:52
Speaker 2: So don't expect to necessarily win that argument.
33:54
Speaker 3: You might not exactly by the way.
33:56
Speaker 2: Somebody's just message saying if you could rewind the first
33:59
Speaker 2: ten minutes briefly, which is a strange question because this
34:01
Speaker 2: is live radio, we can't actually rewind. But it does
34:03
Speaker 2: enable me to tell you that if you want to
34:05
Speaker 2: pick up the beginning of the conversation I'm having with Nicole,
34:08
Speaker 2: then you can go to Wherever Podcasts and look for
34:10
Speaker 2: the Weekend Collective. This is the one roof radio show. Right,
34:13
Speaker 2: Let's take some more calls, Bill, Hello or Willie? I
34:16
Speaker 2: think it is it?
34:17
Speaker 7: Yeah?
34:17
Speaker 9: Yeah, how's it going?
34:19
Speaker 2: Goods?
34:21
Speaker 9: Just just a couple. First of all, I'm there, I was.
34:24
Speaker 9: I was got into my my first house, which is
34:28
Speaker 9: a family house. And then I sort of got stung
34:33
Speaker 9: where I purchased my nextork place family four family to
34:37
Speaker 9: get them into a rental. And I got stung by
34:41
Speaker 9: I got stung by that and didn't make a lot
34:43
Speaker 9: of money. Well, you know, but now that I'm getting on,
34:49
Speaker 9: you know, I've got about a about another five six
34:52
Speaker 9: years of work in life, but I've got a half
34:55
Speaker 9: million diar equity. What's a sort of is it too
34:58
Speaker 9: late to enter into property market? And and the other
35:03
Speaker 9: one you're talking about is getting the getting the property
35:06
Speaker 9: that's got duel and come from.
35:08
Speaker 2: You know, is it too late to get on if
35:10
Speaker 2: you have five or six years?
35:12
Speaker 3: Never, It's never too late.
35:13
Speaker 2: Never.
35:14
Speaker 3: Look, the best time to have got into property was
35:16
Speaker 3: twenty years ago, and the next best time is now.
35:19
Speaker 9: Yeah, yeah, And and and the other one is I see,
35:23
Speaker 9: you know, we see a lot of I see a
35:24
Speaker 9: lot of these properties which are whether it's the housing
35:29
Speaker 9: corporation or whoever, they are bowling them down and then
35:33
Speaker 9: they're putting these multiple you know, for four stories on
35:37
Speaker 9: the on the one property, four places, one property. And
35:41
Speaker 9: I always see a lot of properties where I am
35:43
Speaker 9: in my because I like to purchase close to where
35:45
Speaker 9: I am. A lot of properties that you know you
35:49
Speaker 9: can subdivide the back part of them, put why not
35:52
Speaker 9: two properties on that? Is that a Is that a
35:55
Speaker 9: good way to go?
35:55
Speaker 3: Or look at it as a good way if you know,
35:58
Speaker 3: as a very good way to go if you know
36:01
Speaker 3: what you're doing. Subdivisions are quite tricky. There's a lot
36:04
Speaker 3: of red tape, so you can lose money just as
36:07
Speaker 3: easily as you can make it if you don't know
36:10
Speaker 3: what you're doing with them.
36:11
Speaker 2: Yeah, because building a house, especially with the delays that
36:15
Speaker 2: can be you know, doing upper house, feels like it's
36:18
Speaker 2: a much easier equation than actually I've subdivided and I'm
36:21
Speaker 2: going to build another house and how get the consents
36:24
Speaker 2: in the building and get that done in the time
36:25
Speaker 2: that you think you can then double it.
36:27
Speaker 3: Yeah, there's nothing wrong with it. I've got two subdivisions
36:29
Speaker 3: on the moment, go on at the moment, but just
36:31
Speaker 3: have to be aware of time. It'll take you a
36:33
Speaker 3: few years.
36:34
Speaker 2: Does everything generally take longer than your plan or.
36:37
Speaker 3: You always takes for a subdivision, always takes longer than
36:40
Speaker 3: you think, can cost more for a renovation. I pretty
36:44
Speaker 3: much am on time on budget and on time every time.
36:46
Speaker 2: And that's experience, isn't it.
36:48
Speaker 3: It is experience.
36:48
Speaker 2: And for those who haven't got it, research, I guess
36:50
Speaker 2: research research. Yeah.
36:52
Speaker 3: Well, in my book, I actually outline how to do
36:55
Speaker 3: a renovation. I put if I do against chart, that's
36:58
Speaker 3: all in there. Everything's in there.
37:00
Speaker 2: I actually to say this the book that you have
37:02
Speaker 2: as well, it's it looks really accessible because sometimes you know,
37:09
Speaker 2: books about property success and all that, they can be
37:11
Speaker 2: about five, you know, five inches thick. But this looks
37:14
Speaker 2: like you've you've sort of edited it down to something
37:17
Speaker 2: that's really easily digestible by anyone.
37:19
Speaker 5: Yeah.
37:19
Speaker 3: Well, look, I wrote the book and then I said
37:21
Speaker 3: to my husband, what am I going to do with
37:22
Speaker 3: it now? But it surprised me. Look, I ended up
37:26
Speaker 3: hitting international bestseller in four different countries. It's on Audible,
37:29
Speaker 3: it's on Kindle, and it's in all the bookstores. And
37:32
Speaker 3: I have had just the most phenomenal feedback and of
37:36
Speaker 3: how it's helped people.
37:37
Speaker 2: Which is what I want. Bravate good stuff. I'm with
37:39
Speaker 2: Nicole Lewis will be back in just a minute with
37:41
Speaker 2: the Property of the Week is next Nicole. By the way,
37:43
Speaker 2: if you want to google her. It's an H after
37:45
Speaker 2: the ce son h o Early Lewis. Yeah, they just went,
37:50
Speaker 2: let's ad an H in there. Make it exactly good
37:53
Speaker 2: on them. We'll be back in just a moment. It's
37:55
Speaker 2: ten to five.
38:00
Speaker 3: Don't colder, don't stuck, carrill me walk.
38:08
Speaker 2: You'll know now back. I'm Tim Beverridge. This is one
38:12
Speaker 2: roof radio show. My guest a new guest on the show.
38:14
Speaker 2: She's not new to property, but she's new to the show.
38:16
Speaker 2: Nicole Lewis with an H in the name Nicole. You
38:18
Speaker 2: can check her book out just online or in augurd
38:21
Speaker 2: booksellers Property Quadrants. But by time is flying because guess
38:25
Speaker 2: what is seven minutes to five?
38:29
Speaker 9: The one roof property of the week on the Weekend Collective.
38:34
Speaker 2: Yes, the one roof property of the week is the
38:36
Speaker 2: photo Look. It's a gorgeous looking property with a swimming
38:40
Speaker 2: pool in Point. I always want to say Point Chevalier,
38:43
Speaker 2: which sounds like a very pot It's like me saying
38:45
Speaker 2: I live in Santelier or something in the Auckland Point Chevalier.
38:49
Speaker 2: There we go in Auckland City, sixteen Johnstone Street, Johnston Street.
38:53
Speaker 2: It's a five bedroom, three bathroom, three car garage or garage.
38:58
Speaker 2: There we go. Semantics are abound at the moment. It's
39:02
Speaker 2: described as a magnificent home embodying the spirit of modern
39:05
Speaker 2: family living, where comfort and class are underpinned by space,
39:09
Speaker 2: quality and location. It does have a lovely looking multiple
39:13
Speaker 2: living space sort of entertaining space as well, with flow
39:16
Speaker 2: of the lawns, patios, and that pool does look kind
39:19
Speaker 2: of kind of appealing as well. Triple car garaging sounds
39:22
Speaker 2: a bit flash as well. The one roof property estimate,
39:25
Speaker 2: which it says is with the higher level of accuracy
39:28
Speaker 2: three point ninety four million dollars, So you know, it's
39:32
Speaker 2: possibly not a first house for anyone, not a first
39:34
Speaker 2: time buy his property unless you have you buy the
39:37
Speaker 2: successful ticket in tonight's lotto. You have a look at it,
39:39
Speaker 2: haven't you? And Nicole so you did have a lot.
39:42
Speaker 3: I did have a look at it, and I thought
39:43
Speaker 3: it looked very nice as well, and it's.
39:46
Speaker 2: I think it just looks too tidy for a home
39:48
Speaker 2: that's lived in right now. It doesn't well, it.
39:50
Speaker 3: Looks to me like beautiful, looks like it's stagedn't mean
39:52
Speaker 3: maybe it's been renovated or freshly painted. Looks very good.
39:56
Speaker 2: And yeah, so if you want to go and check
39:58
Speaker 2: it out, go to the one roof one roof Dot
40:00
Speaker 2: curded and said it's sixteen Johnston Street points Chevalier Auckland
40:04
Speaker 2: and a gorgeous looking home. As I say, if you
40:07
Speaker 2: just need a little brief holiday, I sometimes think looking
40:09
Speaker 2: at property, it's just like having a little holiday looking
40:11
Speaker 2: at someone else's gorgeous home, believe it or not. Because
40:14
Speaker 2: we've only got about a minute left, my apologies to
40:17
Speaker 2: Shelley who's waiting to have a chat. So call it
40:21
Speaker 2: again next time and we'd love to have you on.
40:23
Speaker 2: But Nicole, thank you so much for coming on the show.
40:26
Speaker 2: But we can get you back sometime.
40:28
Speaker 3: Thanks for having me. I've enjoyed myself a lot.
40:29
Speaker 2: Excellent and you've got a head all the way. But
40:31
Speaker 2: whereabouts do you live on You're not not too nearby,
40:34
Speaker 2: are you now?
40:34
Speaker 3: I'm in Coatsville. So we go home to the mud
40:36
Speaker 3: and feed the horses.
40:37
Speaker 2: Are you still selling horse? Pooh? Still got that little
40:44
Speaker 2: sideline just in case? Anyway, I thank you so much
40:49
Speaker 2: for coming. It's been a great chat. And look, we'd
40:51
Speaker 2: love to love to have Nicole back. But if you
40:53
Speaker 2: are looking to check out your book property quadrants and
40:57
Speaker 2: if you're just one of those somebody who likes to
40:58
Speaker 2: read on your Cobo or you can we can get
41:00
Speaker 2: it online as well, and we'll be back with the
41:03
Speaker 2: Parent Squad as next Jenny Hales in the studio with
41:05
Speaker 2: US News Talk z B. It is just gone four
41:10
Speaker 2: minutes to five
41:32
Speaker 7: Pers