In this episode, we answer a question coming from a listener of the show about what Andrew would do differently if he was starting out from scratch again on a modest income.
The main takeaway is that if you don't have equity, i.e. a deposit, that you've got to get one ... and you've got to build equity quickly. That would likely come from renovations and attempting to recycle their deposit as much as possible.
However, that would change if he already had equity and commitments. If you've already done the hard yards by paying down a mortgage then he'd focus on newer properties and building a portfolio that way.
Finally, we discuss our upcoming Live Podcast Tour, which is happening mid-September in: Christchurch, Wellington and Auckland. Click on the links to register for your free ticket.
The Property Academy Podcast